Meeting Details

  • Date: August 10, 2026
  • Type: Annual General Meeting (AGM)
  • Time: 12:30 AM to 01:05 PM
  • Location: Conducted through Video Conference/Other Audio-Visual Means (VC/OAVM)
  • Record Date: August 3, 2026

Proposed Resolutions and Implications

Five resolutions were considered at the meeting:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Shashil Philip Mendonsa (DIN: 09667654) as Director retiring by rotation

3. Ordinary Resolution: Ratification of Remuneration of Cost Auditor for FY 2025-2026

4. Ordinary Resolution: Ratification of Remuneration of Cost Auditor for FY 2026-2027

5. Ordinary Resolution: Approval of Material Related Party Transactions with IPCA Laboratories Limited for FY 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from August 6, 2026 (9:00 AM) to August 9, 2026 (5:00 PM) via NSDL at www.evoting.nsdl.com
  • E-voting during meeting: Facility provided during the AGM for shareholders who hadn't voted remotely
  • Scrutinizer: Kaushal Doshi of Kaushal Doshi & Co. (Membership No: 10609), appointed by Board resolution dated May 25, 2026

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 29,814
  • Total outstanding shares: 36,152,711
  • Total votes cast: 22,137,728 shares (61.2339% of outstanding shares)
  • Shareholders attending meeting: 66 (10 Promoters + 56 Public through video conferencing)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes: 22,137,728
  • In favor: 22,136,077 (99.9925%)
  • Against: 1,651 (0.0075%)
  • Passed: Yes

Resolution 2: Re-appointment of Director

  • Total votes: 22,137,727
  • In favor: 22,136,076 (99.9925%)
  • Against: 1,651 (0.0075%)
  • Passed: Yes
  • Interested director abstained from voting

Resolution 3: Cost Auditor Remuneration FY 2025-26

  • Total votes: 22,137,728
  • In favor: 22,136,077 (99.9925%)
  • Against: 1,651 (0.0075%)
  • Passed: Yes

Resolution 4: Cost Auditor Remuneration FY 2026-27

  • Total votes: 22,136,728
  • In favor: 22,135,077 (99.9925%)
  • Against: 1,651 (0.0075%)
  • Passed: Yes

Resolution 5: Related Party Transactions with IPCA Laboratories

  • Total votes: 1,036,306 (only public non-institutions voted)
  • In favor: 1,034,655 (99.8407%)
  • Against: 1,651 (0.1593%)
  • Passed: Yes
  • Interested Directors, their relatives & other related parties abstained from voting
  • Invalid votes: 6,138,912 from 12 members

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 21,132,392
  • Votes cast: 21,099,217 (99.843% of shares held)
  • Voted 100% in favor on all resolutions where they participated

Public Institutions

  • Shares held: 293,264
  • Votes cast: 0 (0% participation)

Public Non-Institutions

  • Shares held: 14,727,055
  • Votes cast: 1,038,511 (7.0517% of shares held)
  • Average approval: 99.841%

Scrutinizer's Role and Findings

Kaushal Doshi, Practicing Company Secretary, was appointed scrutinizer to ensure fair and transparent voting processes. The e-voting data was downloaded from NSDL in the presence of witnesses Ms. Khushi Varma and Ms. Saloni Pawate. The scrutinizer confirmed that all five resolutions were passed by shareholders with requisite majority and that electronic voting records will remain in his custody until minutes are approved by the Chairman.

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA and SEBI circulars regarding e-voting and virtual meetings