Meeting Details
- Date of Meeting: Friday, September 25, 2026
- Time: 3:00 p.m. IST
- Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Type of Meeting: 38th Annual General Meeting
- Record Date: September 18, 2026
- Total Shareholders on Record Date: 52,868
- Shareholders Attended Meeting: 41 (7 Promoters/Promoter Group, 34 Public)
Proposed Resolutions and Implications
The AGM transacted four resolutions:
1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements (including consolidated financial statements) for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors.
2. Ordinary Resolution: Ratification of remuneration payable to Cost Auditor for FY 2026-2027.
3. Special Resolution: To approve enhancement of limits under Section 185 of the Companies Act, 2013.
4. Special Resolution: To approve enhancement of limits under Section 186 of the Companies Act, 2013.
All resolutions were passed with requisite majority, allowing the company to adopt its financial statements, ratify auditor remuneration, and enhance statutory lending/investment limits.
Voting Process and Methods
The voting was conducted through:
- Remote e-voting: Available from September 22, 2026 (9:00 a.m. IST) to September 24, 2026 (5:00 p.m. IST) via CDSL's platform (https://www.evotingindia.com)
- E-voting at AGM: Conducted during the meeting on September 25, 2026
- Physical Polling: No votes were cast through physical polling or postal ballot
Key Voting Outcomes
Overall Participation
- Total Outstanding Shares: 75,009,571
- Total Votes Cast: 34,064,491 (45.4135% of outstanding shares)
Resolution-wise Results
Resolution 1 (Ordinary - Adoption of Financial Statements)
- Total Votes: 34,059,619 (45.4070% participation)
- In Favor: 34,059,521 (99.9997%)
- Against: 98 (0.0003%)
Resolution 2 (Ordinary - Cost Auditor Remuneration)
- Total Votes: 34,064,491 (45.4135% participation)
- In Favor: 34,059,343 (99.9849%)
- Against: 5,148 (0.0151%)
Resolution 3 (Special - Section 185 Limit Enhancement)
- Total Votes: 34,064,491 (45.4135% participation)
- In Favor: 33,388,666 (98.0160%)
- Against: 675,825 (1.9840%)
Resolution 4 (Special - Section 186 Limit Enhancement)
- Total Votes: 34,064,491 (45.4135% participation)
- In Favor: 33,388,666 (98.0160%)
- Against: 675,825 (1.9840%)
Category-wise Voting Breakdown
Promoter and Promoter Group (Holdings: 32,412,022 shares)
- Participation: 99.47% across all resolutions
- Voted 100% in favor of all resolutions
Public Institutions (Holdings: 3,380,859 shares)
- Participation: 20.91-21.05% across resolutions
- Voted 100% in favor on Resolutions 1 & 2
- Voted 94.84% against on Resolutions 3 & 4 (Section 185/186 enhancements)
Public Non-Institutions (Holdings: 39,216,690 shares)
- Participation: 2.83% across resolutions
- Voted 99.99% in favor on Resolution 1
- Voted 99.54% in favor on Resolution 2
- Voted 99.93% in favor on Resolutions 3 & 4
Scrutinizer's Role and Findings
M/s. Mayank Arora & Co., Company Secretaries were appointed as Scrutinizer to scrutinize the e-voting process. Their key findings:
- The remote e-voting period was from September 22-24, 2026
- Votes were unblocked on September 25, 2026 after AGM conclusion, witnessed by two independent witnesses (Ms. Nishita Gandhi and Ms. Krishna Patel)
- The scrutinizer verified the process was fair and transparent based on reports generated from CDSL's e-voting system
- All electronic data and records were handed over to the Company Secretary for preservation
- The scrutinizer's report dated September 28, 2026 confirmed the voting results
Compliance with Laws and Regulations
The company confirmed compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- All resolutions were passed in accordance with applicable legal requirements
Additional Information
- Company Registered Office: MAN HOUSE, 101, S.V. Road, Vile Parle (W), Mumbai - 400 056
- Plant Locations: Anjar, Gujarat and Pithampur, Madhya Pradesh
- Scrutinizer's Address: 2nd Floor, The Business Hub, Near Ganesh Temple, Sir Mathuradas Vasanji Rd, Andheri (E), Mumbai - 400 069