Meeting Details

  • Date: Thursday, 6th August 2026
  • Location: Conducted through Video Conferencing (VC) facility
  • Type: 65th Annual General Meeting
  • Record Date: 30th July 2026 (cut-off date for determining voting eligibility)

Proposed Resolutions and Implications

All six ordinary resolutions proposed in the AGM notice were passed:

1. Resolution 1: Adoption of audited financial statements for FY ended 31st March 2026 and reports of Board of Directors and Auditors, including consolidated financial statements

2. Resolution 2: Declaration of final dividend of ₹229/- (2290%) per equity share of ₹10 each for FY ended 31st March 2026

3. Resolution 3: Re-appointment of Mr. Varun Mammen (DIN: 07804025) as director liable to retire by rotation

4. Resolution 4: Re-appointment of Dr. (Mrs) Cibi Mammen (DIN: 00287146) as director liable to retire by rotation

5. Resolution 5: Re-appointment of Messrs. M M Nissim & Co LLP, Chartered Accountants as Joint Statutory Auditors for 5 consecutive financial years from conclusion of 65th AGM until conclusion of 70th AGM

6. Resolution 6: Ratification of remuneration payable to Mr. J. Karthikeyan of M/s. J. Karthikeyan & Associates, Cost Auditor for FY ending 31st March 2027

Voting Process and Methods

  • Remote e-voting: Conducted through NSDL platform from 1st August 2026 (9:00 AM) to 5th August 2026 (5:00 PM)
  • E-voting at AGM: Provided to members attending through VC facility who had not cast votes through remote e-voting
  • Advertisement compliance: Published in Business Standard (English) and Makkal Kural (vernacular) on 10th July 2026 and 15th July 2026
  • Scrutinizer: Jagannathan & Sarabeswaran, Chartered Accountants (N.S. Vivek, Partner, Membership No. 206383)

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 62,610
  • Shareholders present through Video Conferencing: 56 (Promoters: 17, Public: 39)

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Total votes cast: 2,682,648 (63.25% of outstanding shares)
  • Votes in favor: 2,672,687 (99.63%)
  • Votes against: 9,961 (0.37%)
  • Invalid votes: NIL

Resolution 2 - Final Dividend Declaration

  • Total votes cast: 2,684,321 (63.29% of outstanding shares)
  • Votes in favor: 2,682,939 (99.95%)
  • Votes against: 1,382 (0.05%)
  • Invalid votes: NIL

Resolution 3 - Re-appointment of Varun Mammen

  • Total votes cast: 2,684,246 (63.29% of outstanding shares)
  • Votes in favor: 2,664,636 (99.27%)
  • Votes against: 19,610 (0.73%)
  • Invalid votes: NIL

Resolution 4 - Re-appointment of Dr. Cibi Mammen

  • Total votes cast: 2,679,296 (63.17% of outstanding shares)
  • Votes in favor: 2,662,549 (99.37%)
  • Votes against: 16,747 (0.63%)
  • Invalid votes: NIL

Resolution 5 - Re-appointment of Auditors

  • Total votes cast: 2,681,880 (63.23% of outstanding shares)
  • Votes in favor: 2,681,688 (99.99%)
  • Votes against: 192 (0.01%)
  • Invalid votes: NIL

Resolution 6 - Ratification of Cost Auditor Remuneration

  • Total votes cast: 2,684,320 (63.29% of outstanding shares)
  • Votes in favor: 2,684,314 (100.00%)
  • Votes against: 6 (0.00%)
  • Invalid votes: NIL

Category-wise Breakdown:

Promoter and Promoter Group (Holding: 1,177,922 shares)

  • Consistently voted 100% in favor on all resolutions except Resolution 3 (98.20% in favor) and Resolution 4 (98.46% in favor)
  • Participation rates ranged from 97.83% to 98.25%

Public - Institutions (Holding: 1,271,290 shares)

  • High participation rates: 85.06%-85.19%
  • Highest opposition on director reappointments: 1.80% against Varun Mammen, 1.54% against Dr. Cibi Mammen

Public - Non-Institutions (Holding: 1,791,931 shares)

  • Lower participation rates: 24.78%
  • Nearly unanimous support across all resolutions

Scrutinizer's Role and Findings

N.S. Vivek of Jagannathan & Sarabeswaran, Chartered Accountants was appointed as Scrutinizer. Key findings:

  • Remote e-voting votes were unblocked after conclusion of e-voting at AGM in presence of two witnesses
  • All resolutions passed with requisite majority
  • No invalid votes cast in remote e-voting or postal ballot
  • Detailed member-wise voting statistics provided for each resolution

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management and Administration) Rules, 2014
  • MCA Circular Nos. 14/2020, 17/2020, 20/2020 and 03/2025 regarding virtual meetings