Event Disclosure

Disclosure of voting results for the 53rd Annual General Meeting (AGM) held on 23rd July 2026 at 12:30 pm IST through Video Conferencing/Other Audio Visual Means. The meeting was originally intimated on 29th June 2026.

Voting Process Details

The company provided remote e-voting facility and facility to vote through e-voting at the AGM as per Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CS Dharmesh M. Zaveri, Practicing Company Secretary (Membership No. F5418) was appointed as the Scrutinizer to conduct the remote e-voting and e-voting process at the AGM. The remote e-voting period remained open from 09:00 AM on Monday, 20th July 2026 up to 5:00 PM on Wednesday, 22nd July 2026.

Shareholders holding shares as on the cut-off date of Thursday, 16th July 2026 were entitled to vote on the proposed resolutions.

Attendance Details

Total number of shareholders on record date: 7,163

Shareholders attended through Video Conferencing:

  • Promoters and Promoter Group: 3
  • Public: 41

Resolution Voting Results

Resolution 1: Adoption of Financial Statements

Ordinary Resolution for adoption of Standalone and Consolidated Audited Financial Statements for the financial year ended 31st March 2026, along with the Reports of the Board of Directors and Auditor's thereon.

Voting Breakdown:

  • Promoter & Promoter Group: 1,62,18,113 shares voted (100% of holdings), all in favor (100%)
  • Public Institutional Holders: 1,200 shares held, no votes cast
  • Public Non-Institutional: 27,11,512 shares voted (4.94% of 5,48,50,985 holdings)
  • In favor: 19,96,879 shares (73.64%)
  • Against: 7,14,633 shares (26.35%)

Total Voting:

  • Total shares: 7,10,70,298
  • Total votes polled: 1,89,29,625 (26.63% participation)
  • In favor: 1,82,14,992 (96.22%)
  • Against: 7,14,633 (3.77%)
  • Invalid votes: 0

Resolution 2: Re-appointment of Managing Director

Ordinary Resolution for re-appointment of Mr. Ajay Palekar (DIN: 02708940) as Managing Director who retires by rotation.

Voting Breakdown:

  • Promoter & Promoter Group: 1,62,18,113 shares voted (100% of holdings), all in favor (100%)
  • Public Institutional Holders: 1,200 shares held, no votes cast
  • Public Non-Institutional: 27,11,511 shares voted (4.94% of 5,48,50,985 holdings)
  • In favor: 19,96,878 shares (73.64%)
  • Against: 7,14,633 shares (26.35%)

Total Voting:

  • Total shares: 7,10,70,298
  • Total votes polled: 1,89,29,624 (26.63% participation)
  • In favor: 1,82,14,991 (96.22%)
  • Against: 7,14,633 (3.77%)
  • Invalid votes: 0

Scrutinizer Report

Dharmesh M. Zaveri of D. M. Zaveri & Co. Company Secretaries submitted the consolidated scrutinizer's report dated 23rd July 2026. The scrutinizer unblocked the remote e-voting on the platform provided by CDSL after completion of e-voting at AGM on Thursday, 23rd July 2026 at 01:20 PM in the presence of two witnesses not employed by the company.

All resolutions were passed with requisite majority as per the scrutinizer's report.