Key Quantitative Figures & Dates

  • Record Date: April 24, 2026
  • Total Shareholders on Record Date: 9,708
  • E-Voting Period: Commenced Friday, May 01, 2026 (9:00 AM IST) and concluded Saturday, May 30, 2026 (5:00 PM IST)
  • Number of Resolutions: 2 (Both Ordinary Resolutions)
  • Total Outstanding Shares: 117,845,580
  • Total Votes Polled: 44,754,804 shares (37.9775% of outstanding shares)
  • Unclaimed Securities Suspense Account: 9,029,000 equity shares were held in this account as of the record date. This comprised 2,068,000 shares belonging to the Promoter Group and 6,961,000 shares belonging to Public Shareholders.

Parties Involved

  • Scrutinizer: Sandhya R. Malhotra, Partner, M/s. Manish Ghia & Associates (Company Secretaries)
  • Scrutinizer's Firm: M/s. Manish Ghia & Associates
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Company Representatives Present for Vote Unblocking: CS Bhavya Gala and CS Swati Keshree (not employed by the company)

Voting Results Breakdown

Resolution 1: Increase in Authorised Share Capital and alteration of MOA

  • Resolution Type: Ordinary
  • Promoter & Promoter Group Votes: 135,000 votes polled (100% in favour)
  • Public-Non Institutions Votes: 44,619,804 votes polled (44,619,779 in favour; 25 against)
  • Overall Result: 44,754,779 votes in favour (99.9999%) and 25 votes against (0.0001%). Resolution PASSED.

Resolution 2: Issue of Bonus Shares

  • Resolution Type: Ordinary
  • Promoter & Promoter Group Votes: 135,000 votes polled (100% in favour)
  • Public-Non Institutions Votes: 44,619,854 votes polled (44,619,837 in favour; 17 against)
  • Overall Result: 44,754,837 votes in favour (99.99996%) and 17 votes against (0.00004%). Resolution PASSED.

Invalid Votes: There were zero invalid votes cast for both resolutions across all shareholder categories (Promoter, Public Institutions, Public-Non Institutions).

Scrutinizer's Report Details

The Scrutinizer, Sandhya R. Malhotra, was appointed by the Board of Directors in a meeting held on April 23, 2026. The report was issued to the company on June 02, 2026. The e-voting process was conducted on the NSDL platform. The notice for the postal ballot was dispatched via electronic mode on April 29, 2026, and advertisements were published in "The Free Press Journal" (English) and "Nav Shakti" (Marathi) on April 30, 2026. The votes were unblocked and the data was downloaded in the presence of independent company secretaries after the voting concluded on May 30, 2026. The scrutinizer confirmed the results and stated that both resolutions passed with the requisite majority.