Voting Process Details

The company provided e-voting facility to members for the 41st AGM. The remote e-voting period was from Monday, September 07, 2026 (9:00 AM) to Wednesday, September 09, 2026 (5:00 PM). The cut-off date for determining shareholder eligibility was September 03, 2026. Shareholders who had not cast votes through remote e-voting were given an option to vote through e-voting during the AGM.

Mr. Ashish Kumar Friends of M/s A.K. Friends & Co., practicing Company Secretaries, was appointed as Scrutinizer and submitted his report dated September 11, 2026. National Securities Depository Limited (NSDL) served as the Service Provider for the e-voting process, and MAS Services Limited is the Registrar and Share Transfer Agents of the Company.

Voting Results Summary

All eight resolutions set out in the AGM Notice were duly approved and passed by shareholders with requisite majority. The detailed voting results are as follows:

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

To receive, consider, approve and adopt the Audited Financial Statements for the financial year ended March 31, 2026 along with Reports of Board of Directors and Auditors.

  • Total Votes Polled: 59,878,947 shares (57.3004% of outstanding shares)
  • Votes in Favor: 59,869,425 shares (99.9841% of votes polled)
  • Votes Against: 9,522 shares (0.0159% of votes polled)
  • Result: Passed

Resolution 2: Ordinary Resolution - Reappointment of Director

To appoint Mr. Utkarsh Jain (DIN: 05271884) as Director who retires by rotation and offers himself for reappointment.

  • Total Votes Polled: 34,670,296 shares (33.1773% of outstanding shares)
  • Votes in Favor: 34,656,461 shares (99.9601% of votes polled)
  • Votes Against: 13,835 shares (0.0399% of votes polled)
  • Result: Passed

Resolution 3: Ordinary Resolution - Reappointment of Auditors

To reappoint M/s Nemani Garg Agarwal & Co., Chartered Accountants as Statutory Auditors for five consecutive years.

  • Total Votes Polled: 59,878,947 shares (57.3004% of outstanding shares)
  • Votes in Favor: 59,862,432 shares (99.9724% of votes polled)
  • Votes Against: 16,515 shares (0.0276% of votes polled)
  • Result: Passed

Resolution 4: Special Resolution - Reappointment of Chairman & Managing Director

To reappoint Mr. Sunil Kumar Jain (DIN: 00010695) as Chairman and Managing Director and Key Managerial Personnel for five years with remuneration up to ₹85 lakhs per annum.

  • Total Votes Polled: 34,670,296 shares (33.1773% of outstanding shares)
  • Votes in Favor: 34,653,781 shares (99.9524% of votes polled)
  • Votes Against: 16,515 shares (0.0476% of votes polled)
  • Result: Passed

Resolution 5: Special Resolution - Reappointment of Whole Time Director

To reappoint Mr. Utkarsh Jain as Whole Time Director and Key Managerial Personnel for five years with remuneration up to ₹60 lakhs per annum.

  • Total Votes Polled: 34,670,296 shares (33.1773% of outstanding shares)
  • Votes in Favor: 34,653,771 shares (99.9523% of votes polled)
  • Votes Against: 16,525 shares (0.0477% of votes polled)
  • Result: Passed

Resolution 6: Ordinary Resolution - Increase in Authorized Share Capital

To increase Authorized Share Capital from ₹110 crores to ₹150 crores by creation of additional 4 crore equity shares of ₹10 each and amend Memorandum of Association.

  • Total Votes Polled: 59,878,947 shares (57.3004% of outstanding shares)
  • Votes in Favor: 59,864,745 shares (99.9763% of votes polled)
  • Votes Against: 14,202 shares (0.0237% of votes polled)
  • Result: Passed

Resolution 7: Special Resolution - Fundraising through Convertible Securities

To convert loans up to ₹50 crores into Convertible Warrants, Convertible Preference Shares, Convertible Debentures, or other securities convertible into equity shares at lender's option.

  • Total Votes Polled: 59,878,947 shares (57.3004% of outstanding shares)
  • Votes in Favor: 59,869,029 shares (99.9834% of votes polled)
  • Votes Against: 9,918 shares (0.0166% of votes polled)
  • Result: Passed

Resolution 8: Special Resolution - Preferential Issue of Convertible Warrants

To create, issue, offer and allot 1,00,00,000 (One Crore) Convertible Warrants to Mr. Sunil Kumar Jain at issue price of ₹18.51 per Warrant, aggregating to ₹18.51 crores.

  • Total Votes Polled: 34,670,296 shares (33.1773% of outstanding shares)
  • Votes in Favor: 34,660,374 shares (99.9714% of votes polled)
  • Votes Against: 9,922 shares (0.0286% of votes polled)
  • Result: Passed

Shareholder Category Breakdown

The voting results show detailed breakdown by shareholder categories:

  • Promoter and Promoter Group: Held 57,691,261 shares (55.21% of total)
  • Public Institutions: Held 0 shares
  • Public Non-Institutions: Held 46,808,739 shares (44.79% of total)

Scrutinizer's Report Details

The Scrutinizer's report confirmed the voting process was conducted fairly and transparently. The company completed dispatch of notices by email on August 14, 2026 and circulated a corrigendum on August 25, 2026. An advertisement was released in 'Financial Express' (English) and 'Jansatta' (Hindi) on August 15, 2026.