Voting Results Summary

All eight resolutions set out in the AGM notice were duly passed by shareholders with the requisite majority.

Detailed Resolution-wise Voting Results

Item No. 1: Adoption of Standalone Financial Statements

Approval of audited standalone financial statements for FY ended March 31, 2026 with Board of Directors and Auditors reports.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,597,146 (100.00%)
  • In Favor: 381,435,108 votes (99.70%)
  • Against: 4,660 votes (0.00%)
  • Abstained: 1,157,378 votes (0.30%)

Item No. 2: Adoption of Consolidated Financial Statements

Approval of audited consolidated financial statements for FY ended March 31, 2026 with Auditors report.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,597,145 (100.00%)
  • In Favor: 381,259,909 votes (99.65%)
  • Against: 179,897 votes (0.05%)
  • Abstained: 1,157,339 votes (0.30%)

Item No. 3: Dividend Declaration

Declaration of dividend of ₹2.20 per equity share for FY 2025-26 as recommended by Board of Directors.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,594,447 (100.00%)
  • In Favor: 382,585,820 votes (100.00%)
  • Against: 8,141 votes (0.00%)
  • Abstained: 486 votes (0.00%)

Item No. 4: Reappointment of Director - Sri A G K Raju (DIN: 00019100)

Appointment of director in place of Sri A G K Raju who retires by rotation.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,607,444 (100.00%)
  • In Favor: 323,262,208 votes (84.49%)
  • Against: 59,251,020 votes (15.49%)
  • Abstained: 94,216 votes (0.02%)

Item No. 5: Reappointment of Director - Sri Utpal H Sheth (DIN: 00081012)

Appointment of director in place of Sri Utpal H Sheth who retires by rotation.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,610,145 (100.00%)
  • In Favor: 342,880,821 votes (89.62%)
  • Against: 39,632,407 votes (10.36%)
  • Abstained: 96,917 votes (0.03%)

Item No. 6: Ratification of Cost Auditors Remuneration

Ratification of remuneration of Cost Auditors for FY ended March 31, 2026.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,610,145 (100.00%)
  • In Favor: 382,503,823 votes (99.97%)
  • Against: 9,431 votes (0.00%)
  • Abstained: 96,891 votes (0.03%)

Item No. 7: Reappointment of Sri A V N Raju (DIN: 00018965)

Reappointment as Whole-time Director and approval of remuneration payable.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,610,144 (100.00%)
  • In Favor: 381,400,236 votes (99.68%)
  • Against: 1,109,317 votes (0.29%)
  • Abstained: 100,591 votes (0.03%)

Item No. 8: Remuneration to Smt. Kausalya Bhupathi Raju

Approval of remuneration payable to Director (Commercial) as a Related Party Transaction.

  • Total Votes Cast: 382,624,570
  • Valid Votes: 382,594,447 (100.00%)
  • In Favor: 268,049,664 votes (70.06%)
  • Against: 98,258,629 votes (25.68%)
  • Abstained: 16,286,154 votes (4.26%)

Scrutinization Process

  • Scrutinizer: A. Ravi Shankar, Practicing Company Secretary
  • Voting conducted through remote e-voting and Instapoll (electronic means)
  • Votes were unblocked by Scrutinizer in presence of two witnesses not employed by the Company
  • Management responsible for compliance with Companies Act, 2013, MCA Circulars, and SEBI LODR Regulations
  • KFin Technologies Limited provided the electronic voting platform at https://evoting.kfintech.com

Notes

  • Percentages have been rounded off to the nearest two digits
  • Members who voted in more than one category were considered in 'favor' category only
  • Members who cast partial voting had non-voted shares considered as 'Less Voted'