Voting Process Details

The remote e-voting process was conducted through NSDL from August 26, 2026 (9:00 AM IST) to August 28, 2026 (5:00 PM IST). The cut-off date for determining voting eligibility was August 24, 2026. Tripti Shakya of Tripti Shakya & Company was appointed as the Scrutinizer for the voting process.

Resolution Outcomes

All seven resolutions proposed at the AGM were passed with requisite majority:

Resolution 1: Ordinary Resolution to receive, consider and adopt audited Financial Statements for the year ended March 31, 2026, together with reports of the Directors and the Auditors thereon and the Consolidated Financial Statements for the year ended March 31, 2026 along with the Auditors' Report thereon.

  • Total votes polled: 73,813,703 shares (53.5367% of outstanding shares)
  • Votes in favor: 73,812,907 shares (99.9989% of votes polled)
  • Votes against: 796 shares (0.0011% of votes polled)

Resolution 2: Ordinary Resolution to regularize the appointment of Mrs. Natasha Sinha (DIN: 00812380)

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,068 shares (99.8622% of votes polled)
  • Votes against: 101,696 shares (0.1378% of votes polled)

Resolution 3: Ordinary Resolution to regularize the appointment of Mr. Asit Kumar Ray (DIN: 11385159)

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,068 shares (99.8622% of votes polled)
  • Votes against: 101,696 shares (0.1378% of votes polled)

Resolution 4: Special Resolution to regularize the appointment of Mrs. Rita Singh (DIN: 00082263)

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,068 shares (99.8622% of votes polled)
  • Votes against: 101,696 shares (0.1378% of votes polled)

Resolution 5: Special Resolution to approve related party transactions by the Company with respective related parties for the year 2025-26

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,168 shares (99.8624% of votes polled)
  • Votes against: 101,596 shares (0.1376% of votes polled)

Resolution 6: Special Resolution to grant power to the Board of Directors to borrow money, where the money to be borrowed, together with money already borrowed shall not exceed ₹1,000 crores or aggregate of paid-up capital and free reserves, whichever is higher

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,068 shares (99.8622% of votes polled)
  • Votes against: 101,696 shares (0.1378% of votes polled)

Resolution 7: Special Resolution to grant power to the Board of Directors to sell, lease or otherwise dispose of the whole or substantially the whole of any undertaking of the company

  • Total votes polled: 73,812,764 shares (53.5360% of outstanding shares)
  • Votes in favor: 73,711,068 shares (99.8622% of votes polled)
  • Votes against: 101,696 shares (0.1378% of votes polled)

Shareholding Pattern and Voting Analysis

The company has total outstanding shares of 137,875,000 divided into:

  • Promoter and Promoter Group: 73,889,470 shares (53.60%)
  • Public Institutions: 200,701 shares (0.15%)
  • Public Non-Institutions: 63,784,829 shares (46.26%)

The promoter group voted unanimously in favor of all resolutions with 100% approval rate. Public non-institutional shareholders showed significant opposition to director regularization resolutions (Resolutions 2, 3, and 4) with approximately 80.46% voting against these appointments.

Documents Submitted

  • Voting results of the Annual General Meeting in prescribed format
  • Scrutinizer's Report on the remote e-voting process by Tripti Shakya & Company

Financial Impact

No specific financial impact quantified in the disclosure. The resolutions primarily concern corporate governance, director appointments, and authorization of borrowing and disposal powers.