Meeting Details

The 63rd Annual General Meeting was held at 3.30 PM on Friday, 25th September 2026 through Video Conference/Other Audio Visual Means (VC/OAVM) at Ecospace, Campus 2B 11F/12, New Town, Kolkata – 700 160.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Resolution No. 1 (Ordinary Business): To receive, consider and adopt:

  • (a) the audited financial statement of the Company for the financial year ended 31st March 2026, and the Reports of the Directors and the Auditors thereon
  • (b) the audited consolidated financial statement of the Company for the financial year ended 31st March 2026 and the Report of the Auditors thereon

2. Resolution No. 2 (Ordinary Business): To re-appoint Ms. Poonam Singhania (DIN: 11307969) who retires by rotation and being eligible, offers herself for reappointment.

3. Resolution No. 3 (Ordinary Business): To appoint Ms. Singhi & Co., Chartered Accountants, as the Statutory Auditors of the Company for a term of 5 consecutive years.

4. Resolution No. 4 (Special Business): To approve continuation of Directorship of Mr. Mehar Chand Thakur (DIN: 08648033) as a Non-Executive Independent Director upon his attaining the age of 75 years.

5. Resolution No. 5 (Special Business): To approve the remuneration of the Cost Auditors for the financial year ending 31st March 2027.

Voting Process and Methods

Voting was conducted through two methods:

  • Remote e-voting: Available through NSDL E-voting platform for 3 days from 22nd September 2026 to 24th September 2026 (both days inclusive)
  • E-voting at AGM: For shareholders who had not voted remotely and were present at the AGM through audio-visual means

The cut-off date for determining voting rights was 18th September 2026.

Key Voting Outcomes

All resolutions were passed with overwhelming majority exceeding 99.99% approval:

Resolution No. 1

  • Remote E-voting: 522,887 votes For (99.9923%), 2,356 votes Against (0.0077%)
  • E-voting at AGM: 30,001,012 votes For (100%), 0 votes Against (0%)
  • Total: 30,523,899 votes For (99.9923%), 2,356 votes Against (0.0077%)

Resolution No. 2

  • Remote E-voting: 522,844 votes For (99.9921%), 2,399 votes Against (0.0079%)
  • E-voting at AGM: 30,001,012 votes For (100%), 0 votes Against (0%)
  • Total: 30,523,856 votes For (99.9921%), 2,399 votes Against (0.0079%)

Resolution No. 3

  • Remote E-voting: 522,844 votes For (99.9921%), 2,397 votes Against (0.0079%)
  • E-voting at AGM: 30,001,012 votes For (100%), 0 votes Against (0%)
  • Total: 30,523,856 votes For (99.9921%), 2,397 votes Against (0.0079%)

Resolution No. 4

  • Remote E-voting: 522,844 votes For (99.9921%), 2,399 votes Against (0.0079%)
  • E-voting at AGM: 30,001,000 votes For (100%), 12 votes Against (0.00004%)
  • Total: 30,523,844 votes For (99.9921%), 2,411 votes Against (0.0079%)

Resolution No. 5

  • Remote E-voting: 522,884 votes For (99.9923%), 2,357 votes Against (0.0077%)
  • E-voting at AGM: 30,001,012 votes For (100%), 0 votes Against (0%)
  • Total: 30,523,896 votes For (99.9923%), 2,357 votes Against (0.0077%)

Participation Breakdown

  • Total Members attended: 33 through VC/OAVM
  • 13 Members were body corporates represented by authorized representatives
  • 1 Member represented Promoter Group
  • 32 Members represented Public category shareholders

Scrutinizer's Role and Findings

Mr. Prakash Shaw (ACS-32895/ CP-16239), Practicing Company Secretary, was appointed as Scrutinizer to conduct voting in fair and transparent manner. He submitted his Report dated 28th September 2026 declaring that all Resolutions have been passed with requisite majority. The Scrutinizer conducted e-voting during the AGM and announced closure of voting at about 4.15 PM.

Compliance Confirmation

The meeting was conducted in accordance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.

Additional Information

The Chairman highlighted in his address that the company successfully relisted on Stock Exchanges on 1st September 2026 following NCLT-approved Resolution Plan implementation. The company has received a large O&M job from a major group and is trying to win EPC jobs to recapture its market reputation. The Indian economy's resilience with Q1 FY2026-27 GDP estimated at 7.8% was noted as supportive for the company's infrastructure, mining, metals, and power businesses.

The meeting concluded at about 3.54 PM on 25th September 2026, with minutes entered in the Minutes Book on 7th October 2026.