Meeting Details

The 19th Annual General Meeting was convened, with the voting process conducted through remote e-voting and e-voting during the AGM. The meeting date is referenced as September 26, 2026, in the company's prior intimation.

Proposed Resolutions and Implications

The AGM considered eight resolutions:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, and reports of Board of Directors and Auditors

2. Ordinary Resolution: Appointment of Mr. Rajesh Cherukuri (DIN: 09840611) who retires by rotation

3. Special Resolution: Re-appointment of Mrs. Malathi Siripurapu (DIN: 03033944) as Whole-Time Director for 3 years

4. Special Resolution: Re-appointment of Mr. Rajesh Cherukuri (DIN: 09840611) as Whole-Time Director for 3 years

5. Special Resolution: Re-appointment of Mr. Ramesh Babu Nemani (DIN: 08089820) as Non-Executive Independent Director for second term of 5 years

6. Ordinary Resolution: Ratification of Remuneration of Cost Auditors

7. Ordinary Resolution: Approval of Material Related Party Transactions for Year 2026-27 (Promoters interested: Yes)

8. Ordinary Resolution: Approval of Material Related Party Transactions of material subsidiary(ies) for Year 2026-27 (Promoters interested: Yes)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available through CDSL from September 23, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)
  • E-voting during AGM: For shareholders attending the AGM who had not voted through remote e-voting
  • Cut-off date for determining voting rights: September 19, 2026

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 92,519,813
  • Total votes cast across all resolutions: 55,111,995 shares (59.5678% of outstanding shares)

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements)

  • Total votes: 55,111,995 (59.5678% participation)
  • In favor: 55,106,286 votes (99.9896%)
  • Against: 5,709 votes (0.0104%)
  • Passed: Yes

Resolution 2 (Ordinary - Director Re-appointment)

  • Total votes: 55,111,995 (59.5678% participation)
  • In favor: 55,106,848 votes (99.9907%)
  • Against: 5,147 votes (0.0093%)
  • Passed: Yes

Resolution 3 (Special - Whole-Time Director)

  • Total votes: 137,950 (0.4053% participation from Public-Non Institutions)
  • In favor: 131,015 votes (94.9728%)
  • Against: 6,935 votes (5.0272%)
  • Invalid votes: 54,974,045 (Promoter votes not considered)
  • Passed: Yes

Resolution 4 (Special - Whole-Time Director)

  • Total votes: 55,111,995 (59.5678% participation)
  • In favor: 55,105,060 votes (99.9874%)
  • Against: 6,935 votes (0.0126%)
  • Passed: Yes

Resolution 5 (Special - Independent Director)

  • Total votes: 55,111,995 (59.5678% participation)
  • In favor: 55,105,043 votes (99.9874%)
  • Against: 6,952 votes (0.0126%)
  • Passed: Yes

Resolution 6 (Ordinary - Cost Auditor Remuneration)

  • Total votes: 55,111,995 (59.5678% participation)
  • In favor: 55,105,293 votes (99.9878%)
  • Against: 6,702 votes (0.0122%)
  • Passed: Yes

Resolution 7 (Ordinary - Related Party Transactions)

  • Total votes: 137,950 (0.4053% participation from Public-Non Institutions)
  • In favor: 128,844 votes (93.3991%)
  • Against: 9,106 votes (6.6009%)
  • Invalid votes: 54,974,045 (Promoter votes not considered)
  • Passed: Yes

Resolution 8 (Ordinary - Subsidiary Related Party Transactions)

  • Total votes: 137,950 (0.1491% participation)
  • In favor: 128,844 votes (93.3991%)
  • Against: 9,106 votes (6.6009%)
  • Invalid votes: 54,974,045 (Promoter votes not considered)
  • Passed: Yes

Shareholder Category Participation:

  • Promoter and Promoter Group: 54,974,045 shares (100% participation through e-voting only)
  • Public Institutions: 3,509,848 shares (0% participation)
  • Public-Non Institutions: 34,035,920 shares (137,950 votes cast, 0.4053% participation)

Scrutinizer's Role and Findings

Mr. M Ramana Reddy, Practicing Company Secretary (C.P.No. 18415), was appointed as scrutinizer vide Board Resolution dated August 14, 2026. His responsibilities included ensuring fair and transparent voting process and reporting on votes cast for/against resolutions.

Key scrutinizer findings:

  • Notice of 19th AGM was sent to members via email on September 2, 2026
  • Votes were unblocked and downloaded from CDSL platform on September 26, 2026 in presence of two witnesses
  • Electronic data and records remain in scrutinizer's custody until minutes are approved
  • All resolutions passed with requisite majority
  • For Resolutions 3, 7 and 8, votes cast by Related Parties/Interested Parties were not considered

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015