Meeting Details

The 38th Annual General Meeting was held on Wednesday, September 16, 2026 from 11:00 AM to 12:30 PM at the registered office of the Company. The meeting included both remote e-voting and ballot voting.

Share Capital Information

As of August 22, 2026 (dispatch date of AGM notice), the company's fully diluted equity share capital stood at 24,10,11,560 equity shares of ₹2 each.

On September 4, 2026, the company allotted 5,68,73,418 equity shares of ₹2 each (at ₹41.38 per share) to the selling shareholders of NEO Semi SG Pte Ltd pursuant to a share swap arrangement. This increased the fully diluted equity share capital to 29,78,84,978 equity shares of ₹2 each as of September 10, 2026 (cut-off date for voting eligibility).

These newly allotted shares were held in physical (non-dematerialized) form as of the cut-off date since the dematerialization process was still underway. Form PAS-3 had been filed with and approved by the Ministry of Corporate Affairs, while the listing application submitted to the Stock Exchanges remained under process.

Resolutions Passed

All seven resolutions were passed with requisite majority:

Ordinary Business

1. Adoption of Financial Statements: Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, including Balance Sheet, Profit & Loss Statement, Cash Flow Statement, and Reports of Board of Directors and Statutory Auditors.

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,38,178 (99.9681%)
  • Votes against: 34,653 (0.0319%)

2. Re-appointment of Director: Mr. Sivanand Swamy Mitikiri (DIN: 10166966) who retires by rotation.

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,37,412 (99.9673%)
  • Votes against: 35,419 (0.0327%)

3. Re-appointment of Statutory Auditors: M/s. Bhavani & Co., Chartered Accountants for a second consecutive term of five years.

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,41,482 (99.9711%)
  • Votes against: 31,349 (0.0289%)

Special Business - Related Party Transactions

4. With M/s. RRK Enterprise Private Limited (Promoters interested: Yes)

  • Total votes polled: 2,46,052 (0.0826% of outstanding shares)
  • Votes in favor: 2,09,618 (85.1926%)
  • Votes against: 36,434 (14.8074%)

5. With M/s. MICK Digital India Limited (Promoters interested: No)

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,38,983 (99.9688%)
  • Votes against: 33,848 (0.0312%)

6. With M/s. SOA Electronics Trading LLC, Dubai, UAE (Promoters interested: No)

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,39,636 (99.9694%)
  • Votes against: 33,195 (0.0306%)

7. With M/s. Cellular Galaxy Electronics LLC (Promoters interested: No)

  • Total votes polled: 10,84,72,831 (36.4143% of outstanding shares)
  • Votes in favor: 10,84,38,885 (99.9687%)
  • Votes against: 33,946 (0.0313%)

Voting Participation

  • Number of members participated by remote e-voting: 171
  • Number of members participated in ballot voting at AGM: 23
  • Total number of members participated in voting: 194
  • Number of shareholders present in meeting (person or proxy): 79

Scrutinizer Details

  • Name: Y Ravi Prasada Reddy
  • Firm: RPR & Associates
  • Qualification: Company Secretary
  • Membership Number: 5783
  • Date of Board Meeting appointment: July 31, 2026
  • Date of Report issuance: September 16, 2026

The scrutinizer report was prepared pursuant to Section 108 of the Companies Act, 2013 and Rule 20(3) of the Companies (Management and Administration) Rules, 2014.