Meeting Details

The 64th Annual General Meeting was held on Monday, August 3, 2026 at 03:00 p.m. through Video Conferencing. The deemed venue was the Registered Office at Mafatlal House, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400020.

Voting Arrangements

The Company partnered with National Securities Depositories Limited (NSDL) to provide remote e-voting, e-voting during the AGM, and VC/OAVM participation facilities. Remote e-voting commenced on Thursday, July 30, 2026 at 09:00 a.m. and ended on Sunday, August 2, 2026 at 05:00 p.m. Additional voting facility was available during the meeting for shareholders who hadn't voted previously, remaining open for 30 minutes after the meeting concluded.

Shareholder Participation

Total shareholders on record date: 163,913

Shareholders attending through Video Conferencing:

  • Promoters and Promoter Group: 10
  • Public: 66

Voting Results by Resolution

Resolution 1: Ordinary Resolution

To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Statutory Auditors

  • Total valid votes: 8,02,70,507
  • Votes in favor: 8,02,53,886 (99.9793%)
  • Votes against: 16,621 (0.0207%)
  • Invalid votes: NIL

Resolution 2: Ordinary Resolution

To declare dividend on Equity Shares for financial year ended March 31, 2026

  • Total valid votes: 8,02,70,814
  • Votes in favor: 8,02,68,513 (99.9971%)
  • Votes against: 2,301 (0.0029%)
  • Invalid votes: NIL

Resolution 3: Ordinary Resolution

To appoint Mr. Anand V S (DIN: 07918665) as Director who retires by rotation

  • Total valid votes: 8,02,70,507
  • Votes in favor: 8,02,53,886 (99.9793%)
  • Votes against: 16,621 (0.0207%)
  • Invalid votes: NIL

Resolution 4: Special Resolution

Re-appointment of Mr. Hrishikesh A Mafatlal (DIN: 00009872) as Executive Chairman w.e.f August 19, 2026

  • Total valid votes: 8,02,70,808
  • Votes in favor: 8,01,93,330 (99.9035%)
  • Votes against: 77,478 (0.0965%)
  • Invalid votes: NIL

Resolution 5: Special Resolution

Appointment of Mr. Sanjiv Lal (DIN: 08376952) as Independent Director

  • Total valid votes: 8,02,68,873
  • Votes in favor: 8,02,53,740 (99.9811%)
  • Votes against: 15,133 (0.0189%)
  • Invalid votes: NIL

Resolution 6: Special Resolution

Appointment of Mr. Sabyaschi Patnaik (DIN: 07183784) as Independent Director

  • Total valid votes: 8,02,68,874
  • Votes in favor: 8,02,53,988 (99.9815%)
  • Votes against: 14,886 (0.0185%)
  • Invalid votes: NIL

Resolution 7: Ordinary Resolution

Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027

  • Total valid votes: 8,02,68,905
  • Votes in favor: 8,02,65,724 (99.9960%)
  • Votes against: 3,181 (0.0040%)
  • Invalid votes: NIL

Category-wise Voting Breakdown

Promoter and Promoter Group (5,63,91,184 shares)

  • 100% participation across all resolutions
  • 100% votes in favor for all resolutions

Public - Institutions (2,03,87,923 shares)

  • Average participation: 87.11%
  • 100% votes in favor for most resolutions
  • Minor against votes (61,645 or 0.35%) for Resolution 4

Public - Non Institutions (9,02,45,823 shares)

  • Average participation: 6.78%
  • High approval rates (99.72-99.96%) across resolutions
  • Highest against votes: 77,478 (1.27% of votes polled) for Resolution 4

Scrutinizer Details

Mitesh Dhabliwala of Parikh & Associates, Practising Company Secretaries (FCS: 8331, CP No.: 9511) was appointed as scrutinizer. The report was prepared based on data downloaded from NSDL e-voting system.