Key Event Details

The resolution concerned "Approval for Disposal of the Pipe Unit (UNIT-1) via Slump Sale as a Going Concern." This was introduced via an Addendum to the original AGM notice dated September 18, 2026.

Technical Delay and Remedial Action

Due to technical setup delays at the Depository's end (National Securities Depository Limited - NSDL), the electronic voting dashboard for Item No. 5 could not be activated during the original voting timeline. The Board of Directors, at their meeting held on October 1, 2026, approved a fresh exclusive remedial remote e-voting window specifically for this single resolution.

Voting Timeline

  • Original AGM Date: September 30, 2026
  • Addendum Date: September 18, 2026
  • Remedial E-Voting Start Date: October 7, 2026 (09:00 AM IST)
  • Remedial E-Voting End Date: October 9, 2026 (05:00 PM IST)
  • Cut-off Date for Voting Rights: September 18, 2026 (based on paid-up value of equity shares)
  • Scrutinizer's Report Date: October 12, 2026

Voting Results Breakdown

Resolution No. 5: Special Resolution for Disposal of Pipe Unit via Slump Sale

Total Votes Polled: 115,606,545 shares

In Favor:

  • Number of shares: 115,606,505
  • Percentage of votes polled: 99.99%
  • Number of members voted: 30

Against:

  • Number of shares: 40
  • Percentage of votes polled: 0.01%
  • Number of members voted: 2

Invalid Votes: 0 shares from 0 members

Category-wise Voting Details:

  • Promoter and Promoter Group: Held 392,733,250 shares; voted 109,031,250 shares (27.7622% of outstanding); 100% in favor (109,031,250 shares); 0 against.
  • Public Institutions: Held 0 shares; voted 0 shares.
  • Public Non-Institutions: Held 729,357,172 shares; voted 6,575,295 shares (0.9015% of outstanding); 99.9994% in favor (6,575,255 shares); 0.0006% against (40 shares).

Scrutinizer Details

  • Name: PCS Rupal Patel (Practicing Company Secretary, M. No. 6275, C. P. No. 3803)
  • Role: Independently monitored the remedial remote e-voting process
  • Agency: National Securities Depository Limited (NSDL) provided the electronic platform
  • Conclusion: Confirmed the voting process was conducted in a fair and transparent manner, and all resolutions were passed with requisite votes.