Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

The 96th Annual General Meeting was held on Thursday, September 24, 2026 at 11:30 A.M. through Video Conferencing/Other Audio-Visual Means (VC/OAVM) facility.

Proposed Resolutions and Implications

The AGM considered seven resolutions:

Ordinary Business:

1. Adoption of Standalone Audited Financial Statements for FY ended March 31, 2026

2. Adoption of Consolidated Audited Financial Statements for FY ended March 31, 2026

3. Re-appointment of Sh. Rajiv Gupta (DIN: 0002264) as Chairman & Managing Director & CEO who retires by rotation

4. Authorization to Board to fix remuneration of Statutory Auditors M/s Jagdish Chand & Co (Firm Registration No. 000129N) for FY 2026-27

Special Business:

5. Approval of Related Party Transactions with Ram Prakash & Co Pvt Ltd

6. Approval of Related Party Transactions with India Lease Development Limited

7. Approval of Related Party Transactions with Bahubali Services Private Limited

8. Company's contribution to bonafide and charitable funds (Special Resolution)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from Monday, September 21, 2026 at 09:00 A.M. to Wednesday, September 23, 2026 at 5:00 P.M. through CDSL's platform
  • E-voting during AGM: For shareholders present through VC/OAVM who had not voted remotely

Cut-off date for determining voting eligibility was September 17, 2026. The scrutinizer had access to voter details (names, DP ID, Client ID/folios, shareholding) but not voting patterns before the AGM to prevent duplicate voting.

Key Voting Outcomes

Total Shareholding Pattern:

  • Total number of shares: 38,727,190
  • Promoter & Promoter Group: 27,413,721 shares (70.76%)
  • Public: 11,952,262 shares (30.86%)
  • Institutions: 12,972,807 shares (33.49%)

Resolution-wise Results:

Resolution 1A (Standalone Financial Statements):

  • Total votes cast: 26,057,900
  • In favor: 26,057,900 (100.00%)
  • Against: 284 (0.00%)

Resolution 1B (Consolidated Financial Statements):

  • Total votes cast: 26,057,900
  • In favor: 26,057,900 (100.00%)
  • Against: 284 (0.00%)

Resolution 2 (Re-appointment of Director):

  • Total votes cast: 21,514,170
  • In favor: 21,514,170 (100.00%)
  • Against: 284 (0.00%)

Resolution 3 (Auditor Remuneration):

  • Total votes cast: 26,057,900
  • In favor: 26,057,900 (100.00%)
  • Against: 284 (0.00%)

Resolution 4 (RPT with Ram Prakash & Co):

  • Total votes cast: 1,571,513
  • In favor: 1,571,513 (99.98%)
  • Against: 284 (0.02%)

Resolution 5 (RPT with India Lease Development):

  • Total votes cast: 1,571,513
  • In favor: 1,571,513 (99.98%)
  • Against: 284 (0.02%)

Resolution 6 (RPT with Bahubali Services):

  • Total votes cast: 1,571,513
  • In favor: 1,571,513 (99.98%)
  • Against: 284 (0.02%)

Resolution 7 (Charitable Contributions):

  • Total votes cast: 26,057,900
  • In favor: 26,057,900 (100.00%)
  • Against: 284 (0.00%)

Overall Participation:

  • Total votes cast across all resolutions: 26,058,184 shares
  • Percentage of paid-up capital voted: 67.287%
  • No invalid votes were recorded in any resolution

Scrutinizer's Role and Findings

M/s Anjali Yadav & Associates, Practicing Company Secretaries (FCS No. 6628, CP No. 7257) was appointed as Scrutinizer. Their responsibility was restricted to ensuring the e-voting process was conducted fairly and transparently using the CDSL platform. The scrutinizer confirmed that all electronic data and records relating to remote voting are under safe custody and will be handed over to the Company Secretary after the Chairman approves and signs the AGM minutes.

Compliance Confirmation

The voting process was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 & 21 of the Companies (Management & Administration) Rules, 2014
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular dated October 3, 2024
  • SEBI (LODR) Regulations, 2015