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

Meeting Details

  • Date: Friday, September 25, 2026
  • Time: 12:30 PM to 1:20 PM (including e-voting time)
  • Location: Conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM)
  • Type of Meeting: 21st Annual General Meeting
  • Cut-off Date: September 18, 2026 for determining member eligibility

Proposed Resolutions and Implications

The following eight resolutions were proposed and approved:

Ordinary Business:

1. Adoption of Standalone Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors

2. Adoption of Consolidated Financial Statements for FY ended March 31, 2026 and Reports of Auditors

3. Declaration of Dividend of ₹1.50 per Equity Share of ₹5 each for FY ended March 31, 2026

4. Re-appointment of Mr. Jawahar Lal Oswal (DIN: 00463866) as Non-Executive Director

5. Re-appointment of Mr. Kamal Oswal (DIN: 00493213) as Non-Executive Director

Special Business:

6. Re-appointment of Mr. Dinesh Oswal (DIN: 00607290) as Managing Director for five years from January 1, 2027 to December 31, 2031

7. Continuation of directorship of Mr. Satish Kumar Sharma (DIN: 00402712) as Non-Executive Director upon attaining age 75 years on September 4, 2027

8. Re-appointment of Dr. Yash Paul Sachdeva (DIN: 02012337) as Independent Director for second term of five years from August 24, 2027 to August 23, 2032

9. Re-appointment of Dr. Rajan Dhir (DIN: 09632451) as Independent Director for second term of five years from August 24, 2027 to August 23, 2032

Voting Process and Methods

The voting process was conducted as follows:

  • Remote e-voting facility was provided through Central Depository Services (India) Limited (CDSL)
  • Remote e-voting period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • E-voting during AGM: Remained open for 30 minutes after meeting conclusion
  • Proxy voting was not available as per MCA circulars for VC/OAVM meetings
  • Authorized representatives of corporate members could attend and vote
  • Mr. P.S. Bathla, Proprietor of M/s. P.S. Bathla & Associates, was appointed as Scrutinizer

Voting Outcomes

All resolutions were duly passed with requisite majority. The scrutinizer's consolidated report was received post-meeting and confirmed the voting results. The detailed results will be submitted to stock exchanges in the prescribed format under Regulation 44(3) of SEBI LODR Regulations and uploaded on the company's website and CDSL website within two working days.

Scrutinizer's Role and Findings

Mr. P.S. Bathla was appointed as Scrutinizer to scrutinize the e-voting process (both remote e-voting and e-voting at AGM) in a fair and transparent manner. His consolidated report confirmed that all resolutions were passed with requisite majority.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Section 96 of the Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars
  • Companies (Management and Administration) Rules, 2014
  • Section 108 and 113 of the Companies Act, 2013

Statutory registers and relevant documents were made available electronically for inspection by members during the AGM.

Additional Information

  • The company's statutory auditors M/s. Gupta Vigg & Co. and secretarial auditors M/s. P.S. Bathla & Associates provided audit reports without any qualifications, observations, or adverse comments
  • No queries or questions were received from members in advance of the meeting
  • No requests were received from members to register as speakers
  • Quorum was present at the beginning and throughout the meeting
  • The meeting concluded with a vote of thanks to the Chair, Members, Directors, and Auditors