Meeting Details

The 35th AGM was held on Thursday, 6th August 2026 at 11:00 A.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of members, in accordance with circulars issued by the Ministry of Corporate Affairs. The deemed venue was the Registered Office of the Company at G-1, MIDC, Gokul Shirgaon, Kolhapur-416234, Maharashtra, India.

Proposed Resolutions and Implications

Five ordinary resolutions were transacted:

1. Adoption of Audited Financial Statements: Adoption of Standalone and Consolidated Financial Statements for FY ended 31st March 2026 along with reports of Board of Directors and Auditors

2. Noting of Interim Dividend: Noting payment of interim dividend of Rs. 2/- (200%) per equity share on 5,60,40,000 equity shares declared on 25th July 2025 for FY2026

3. Director Re-appointment: Re-appointment of Mr. Nitin Menon (DIN: 00692754) who retired by rotation

4. Cost Auditor Remuneration: Ratification of remuneration payable to M/s. A.G. Anikhindi & Co., Cost Auditors, Kolhapur (FRN: 100049) for FY ending 31st March 2027

5. New Director Appointment: Appointment of Mr. Rajendra Girjappa Sonkawade (DIN: 11713166) as Non-Executive Non-Independent Director

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting from Sunday, 2nd August 2026 (9:00 A.M.) to Wednesday, 5th August 2026 (5:00 P.M.)
  • E-voting during the AGM for members present who hadn't voted remotely

CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, Mumbai was appointed as Scrutinizer to scrutinize the voting process.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total valid votes polled: 35,208,063 (62.8267% of outstanding shares)
  • Votes in favor: 35,207,158 (99.9974%)
  • Votes against: 905 (0.0026%)
  • Category breakdown:
  • Promoter & Promoter Group: 35,110,196 votes (100% in favor)
  • Public Institutions: 1,133 votes (100% in favor)
  • Public Non-Institutions: 96,734 votes (99.0644% in favor, 0.9356% against)

Resolution 2: Noting of Interim Dividend

  • Total valid votes polled: 35,208,063 (62.8267% of outstanding shares)
  • Votes in favor: 35,207,158 (99.9974%)
  • Votes against: 905 (0.0026%)
  • Category breakdown identical to Resolution 1

Resolution 3: Re-appointment of Mr. Nitin Menon

  • Total valid votes polled: 19,764,609 (35.2688% of outstanding shares)
  • Votes in favor: 19,762,972 (99.9917%)
  • Votes against: 1,637 (0.0083%)
  • Category breakdown:
  • Promoter & Promoter Group: 19,666,742 votes (100% in favor)
  • Public Institutions: 1,133 votes (100% in favor)
  • Public Non-Institutions: 96,734 votes (98.3077% in favor, 1.6923% against)

Resolution 4: Cost Auditor Remuneration

  • Total valid votes polled: 35,208,063 (62.8267% of outstanding shares)
  • Votes in favor: 35,207,158 (99.9974%)
  • Votes against: 905 (0.0026%)
  • Category breakdown identical to Resolution 1

Resolution 5: Appointment of Mr. Rajendra Sonkawade

  • Total valid votes polled: 35,208,063 (62.8267% of outstanding shares)
  • Votes in favor: 35,207,158 (99.9974%)
  • Votes against: 905 (0.0026%)
  • Category breakdown identical to Resolution 1

Shareholder Participation

  • Total shareholders on record date: 23,789
  • Shareholders attending meeting through VC: 70 total (4 Promoters, 66 Public)
  • Cut-off date for voting rights: Thursday, 30th July 2026

Scrutinizer's Role and Findings

CS Manish Baldeva was appointed as Scrutinizer by the Board of Directors in their meeting held on 14th May 2026. His responsibilities included scrutinizing both remote e-voting and e-voting during the AGM. The scrutinizer confirmed that all voting was conducted properly and the results were fair and transparent. The relevant records remain in his custody until the Chairman approves and signs the minutes.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated 22nd September 2025

Notices were sent via email on 10th July 2026 and advertisements were published in Business Standard (English) and Tarun Bharat (Marathi) newspapers on 9th-11th July 2026.