Meeting Details

  • Date: Tuesday, August 4, 2026
  • Time: 10:00 AM to 10:58 AM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Type: 42nd Annual General Meeting
  • Total Shareholders on Record Date: 45,471
  • Shareholders Attended via VC/OAVM: 81 members (9 Promoters/Promoter Group, 72 Public)

Proposed Resolutions and Implications

Seven ordinary resolutions were considered:

1. Adoption of Financial Statements: Audited Financial Statements and Consolidated Financial Statements for FY ended March 31, 2026, with reports of Board and Auditors.

2. Final Dividend Declaration: ₹34.00 per equity share (340%) of face value ₹10 each for FY 2025-26.

3. Re-appointment of Director: Dr. Davuluri Rama Mohan Rao (DIN: 00107737), who retires by rotation.

4. Payment of Commission: To Non-executive Directors.

5. Appointment of Director: Dr. Mauricio Futran (DIN: 11699767) as Non-Executive Non-Independent Director.

6. Payment of Professional Fees: To Dr. Mauricio Futran.

7. Ratification of Remuneration: Of Cost Auditors.

Voting Process and Methods

  • Remote e-voting period: August 1, 2026 (9:00 AM IST) to August 3, 2026 (5:00 PM IST) via NSDL platform.
  • E-voting during meeting: Facility provided for shareholders present at AGM who had not voted remotely, kept open for 15 minutes after meeting conclusion.
  • Scrutinizer: Shaik Razia, Partner of D. Hanumanta Raju & Co., Company Secretaries, was appointed to scrutinize both remote e-voting and e-voting during AGM.
  • Cut-off date: July 28, 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Polled: 8,255,039
  • In Favour: 8,255,039 (100%)
  • Against: 0 (0%)
  • Invalid Votes: 3,734 votes from 3 members

Resolution 2: Final Dividend Declaration

  • Total Votes Polled: 8,255,773
  • In Favour: 8,255,773 (100%)
  • Against: 0 (0%)
  • Invalid Votes: 3,000 votes from 1 member

Resolution 3: Re-appointment of Dr. D.R. Rao

  • Total Votes Polled: 8,255,345
  • In Favour: 8,235,597 (99.7608%)
  • Against: 19,748 (0.2392%)
  • Invalid Votes: 3,428 votes from 2 members
  • Note: Six members voted partially in favour and against

Resolution 4: Payment of Commission to Non-executive Directors

  • Total Votes Polled: 8,255,345
  • In Favour: 8,255,344 (100%)
  • Against: 1 (0%)
  • Invalid Votes: 3,428 votes from 2 members

Resolution 5: Appointment of Dr. Mauricio Futran

  • Total Votes Polled: 8,255,345
  • In Favour: 8,225,170 (99.6345%)
  • Against: 30,175 (0.3655%)
  • Invalid Votes: 3,428 votes from 2 members
  • Note: Four members voted partially in favour and against

Resolution 6: Payment of Professional Fees to Dr. Mauricio Futran

  • Total Votes Polled: 8,255,345
  • In Favour: 8,217,766 (99.5448%)
  • Against: 37,579 (0.4552%)
  • Invalid Votes: 3,428 votes from 2 members
  • Note: Four members voted partially in favour and against

Resolution 7: Ratification of Cost Auditors' Remuneration

  • Total Votes Polled: 8,258,345
  • In Favour: 8,258,345 (100%)
  • Against: 0 (0%)
  • Invalid Votes: 428 votes from 1 member

Scrutinizer's Role and Findings

Shaik Razia was appointed scrutinizer to conduct the remote e-voting process and scrutinize e-voting during the AGM. The scrutinizer reviewed votes based on data downloaded from NSDL e-voting system and confirmed:

  • All resolutions were passed with requisite majority
  • Voting process complied with Companies Act, 2013 and relevant rules
  • Invalid votes were properly identified and excluded
  • Combined report generated after unblocking of remote e-voting and AGM e-voting facilities

Compliance Confirmation

The meeting was conducted in accordance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules thereunder
  • MCA Circular nos. 14/2020, 17/2020, and General Circular No. 03/2025
  • SEBI circulars regarding conduct of AGM through VC/OAVM