Meeting Details

  • Date: Monday, 20 July 2026
  • Time: 3:30 p.m. to 5:40 p.m. (IST)
  • Location: Conducted through video conferencing/audio visual means
  • Type: 19th Annual General Meeting

Proposed Resolutions and Outcomes

All six resolutions proposed in the AGM notice were approved by members with requisite majority:

Resolution 1: Adoption of Audited Standalone Financial Statements (Ordinary Resolution)

  • Total votes cast: 77,149,525 (77.7541% of outstanding shares)
  • In favor: 77,149,379 votes (99.9998% of votes polled)
  • Against: 146 votes (0.0002% of votes polled)
  • Promoter group: 59,112,927 votes (100% in favor)
  • Public institutions: 15,718,951 votes (100% in favor)
  • Public non-institutions: 2,317,647 votes (99.9937% in favor, 146 against)

Resolution 2: Adoption of Audited Consolidated Financial Statements (Ordinary Resolution)

  • Total votes cast: 77,269,425 (77.8749% of outstanding shares)
  • In favor: 77,269,279 votes (99.9998% of votes polled)
  • Against: 146 votes (0.0002% of votes polled)

Resolution 3: Declaration of Final Dividend for FY26 (Ordinary Resolution)

  • Total votes cast: 77,269,471 (77.8750% of outstanding shares)
  • In favor: 77,269,344 votes (99.9998% of votes polled)
  • Against: 127 votes (0.0002% of votes polled)

Resolution 4: Re-appointment of Dr. Anish Shah as Director (Ordinary Resolution)

  • Total votes cast: 77,264,208 (77.8697% of outstanding shares)
  • In favor: 77,236,380 votes (99.9640% of votes polled)
  • Against: 27,828 votes (0.0360% of votes polled)
  • Public institutions: 15,692,679 in favor, 26,272 against
  • Public non-institutions: 2,430,774 in favor, 1,556 against

Resolution 5: Re-appointment of Mr. Ameet Hariani as Independent Director (Special Resolution)

  • Total votes cast: 77,269,708 (77.8752% of outstanding shares)
  • In favor: 71,854,450 votes (92.9917% of votes polled)
  • Against: 5,415,258 votes (7.0083% of votes polled)
  • Public institutions: 10,305,074 in favor, 5,413,877 against
  • Public non-institutions: 2,436,449 in favor, 1,381 against

Resolution 6: Material Related Party Transactions with Mahindra & Mahindra (Ordinary Resolution)

  • Total votes cast: 18,153,441 (18.2957% of outstanding shares)
  • In favor: 18,152,732 votes (99.9961% of votes polled)
  • Against: 709 votes (0.0039% of votes polled)
  • Invalid votes: 2,828
  • Promoter group: Did not vote (interested party)
  • Public institutions: 15,718,951 votes (100% in favor)
  • Public non-institutions: 2,433,781 in favor, 709 against

Voting Process and Methods

  • Remote e-voting period: Wednesday, 15 July 2026 (9:00 a.m. IST) to Sunday, 19 July 2026 (5:00 p.m. IST)
  • E-voting at AGM: Conducted during the meeting for members who had not voted remotely
  • Platform: National Securities Depository Limited (NSDL) e-voting system
  • Record date: 13 July 2026
  • Total shareholders: 76,107 (folio-based)
  • Attendance: 2 promoter group members and 62 public shareholders attended via video conferencing

Scrutinizer's Role and Findings

  • Scrutinizer: Sarvari Shah of Parikh & Associates, Practising Company Secretaries
  • Appointment: By Board of Directors pursuant to Section 108 of Companies Act, 2013
  • Process: Votes from remote e-voting and e-voting at AGM were unblocked and counted in presence of two witnesses
  • Report: Confirmed voting results and compliance with regulatory requirements

Compliance Statements

  • Conducted in compliance with SEBI Listing Regulations, Companies Act 2013, and MCA Circular Nos. 20/2020 and 03/2025
  • Physical presence of shareholders exempted as per MCA circulars
  • Voting rights on 1,008 shares held by IEPF Authority and 185 shares in MLL Rights Issue 2025 Demat Suspense Escrow Account remained frozen

Additional Information

  • Detailed voting results available on company website and NSDL e-voting platform
  • All resolutions passed with required majority as per company law requirements