Meeting Details

The 27th Annual General Meeting was held on Monday, 28th September 2026, commencing at 3:00 p.m. and concluding at 4:07 p.m. IST. The meeting was conducted through Video Conferencing/Other Audio-Visual Means in compliance with MCA and SEBI circulars and provisions of the Companies Act, 2013.

Proposed Resolutions and Implications

Six resolutions were considered at the meeting:

Ordinary Business:

1. To receive, consider, approve and adopt the Standalone and Consolidated Audited Balance Sheet as at 31st March 2026, Statement of Profit and Loss, Cash Flow Statement with Notes, Auditors' and Directors' Reports

2. To appoint Mr. Rohith Loka Reddy (DIN: 06464331) who retires by rotation and offered himself for re-appointment

3. To appoint Mr. Anushman Reddy (DIN: 08104131) who retires by rotation and offered himself for re-appointment

Special Business:

4. Ratification of payment of remuneration to the Cost Auditor for three Financial Years 2026-27, 2027-28 & 2028-29

5. To increase the limits of borrowing by the board of directors under section 180(1)(c) of the Companies Act, 2013

6. To seek approval under section 180(1)(a) for creation of mortgage or charge on the assets, properties or undertakings of the Company

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from 9:00 a.m. on 25th September 2026 to 5:00 p.m. on 27th September 2026
  • E-voting at AGM (Insta-poll): Available for 15 minutes during the meeting for members who had not voted remotely

Scrutinizer: M/s. S.S. Reddy & Associates was appointed to supervise the e-voting process

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 270,107
  • Total shares outstanding: 30,759,591
  • Promoters & Promoter Group attendance: 8 members through VC
  • Public attendance: 60 members through VC
  • Total votes cast: 20,147,251 shares (65.5% of outstanding shares)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Total votes polled: 20,147,251 (65.4992%)
  • Votes in favor: 20,147,251 (100%)
  • Votes against: 22 (0.0001%)
  • Result: Passed

Resolution 2 (Ordinary - Reappointment of Mr. Rohith Loka Reddy):

  • Total votes polled: 20,228,835 (65.7643%)
  • Votes in favor: 19,669,212 (97.2335%)
  • Votes against: 559,623 (2.7665%)
  • Result: Passed

Resolution 3 (Ordinary - Reappointment of Mr. Anushman Reddy):

  • Total votes polled: 20,228,835 (65.7643%)
  • Votes in favor: 19,850,677 (98.1306%)
  • Votes against: 378,158 (1.8694%)
  • Result: Passed

Resolution 4 (Ordinary - Cost Auditor Remuneration):

  • Total votes polled: 20,228,835 (65.7643%)
  • Votes in favor: 20,228,739 (99.9995%)
  • Votes against: 96 (0.0005%)
  • Result: Passed

Resolution 5 (Special - Borrowing Limits):

  • Total votes polled: 20,228,835 (65.7643%)
  • Votes in favor: 20,063,674 (99.1835%)
  • Votes against: 165,161 (0.8165%)
  • Result: Passed

Resolution 6 (Special - Creation of Charge):

  • Total votes polled: 20,228,835 (65.7643%)
  • Votes in favor: 20,063,538 (99.1829%)
  • Votes against: 165,297 (0.8171%)
  • Result: Passed

Participation Breakdown by Shareholder Category

Resolution 1 Breakdown:

  • Promoter & Promoter Group: 8,118,594 votes (90.29% participation), 100% in favor
  • Public Institutions: 12,007,218 votes (82.49% participation), 100% in favor
  • Public Non-Institutions: 21,461 votes (0.30% participation), 99.90% in favor, 0.10% against

Scrutinizer's Role and Findings

Mr. S. Sarweswara Reddy of S.S Reddy & Associates was appointed as Scrutinizer by the Board on 29th July 2026. The scrutinizer:

  • Supervised both remote e-voting and e-voting at the AGM
  • Unblocked votes after the AGM conclusion at 4:07 p.m. on 28th September 2026
  • Maintained a register of voting proceedings
  • Certified that all resolutions passed with requisite majority
  • Handed over the list of shareholders voting for/against resolutions to the Company Secretary

Compliance Confirmation

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules made thereunder
  • MCA General Circulars No. 02/2021, 14/2020, 17/2020, 20/2020, 10/2021, and 03/2022
  • SEBI Circulars dated 13th May 2022, 12th May 2020, and 15th January 2021

Additional Information

  • Record Date: 21st September 2026
  • All directors, KMPs, senior management, auditors, and scrutinizer attended through VC
  • The Chairman addressed member queries regarding financials and future outlook during the meeting