Meeting Details

  • Meeting Type: 15th Annual General Meeting (AGM)
  • Meeting Date: Friday, 14th August, 2026
  • Meeting Time: 02:00 PM to 02:38 PM
  • Meeting Location: Conducted through Video Conferencing and Other Audio-Visual Means (deemed venue at Registered Office)
  • Record Date: 07th August, 2026

Proposed Resolutions and Implications

Six resolutions were considered and passed at the meeting:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors

2. Director Re-appointment: To appoint Mr. Devesh Singh Sahney (DIN: 00003956) who retires by rotation and offered himself for re-appointment

3. Related Party Transaction Limits: To approve material related party transaction limits with NRB-IBC Bearings Private Limited

4. Related Party Transaction Limits: To approve material related party transaction limits with NIBL-Korta Engineering Private Limited

5. Related Party Transaction Approval: To consider and approve a Related Party Transaction pursuant to section 188 of the Companies Act, 2013

6. Remuneration Revision: Special resolution to approve revision in remuneration of Mr. Devesh Singh Sahney, Chairman and Managing Director, for period from October 01, 2026 to September 30, 2027

Voting Process and Methods

The voting process utilized multiple methods in compliance with regulatory requirements:

  • Remote E-voting: Conducted through CDSL from 11th August, 2026 (9:00 AM) to 13th August, 2026 (5:00 PM)
  • E-voting during AGM: Facility provided during the meeting and within 15 minutes of conclusion
  • Public Advertisement: Published in Financial Express (English) and Pratahkal (Marathi) on 23rd July, 2026
  • Cut-off Date: 7th August, 2026 for shareholder eligibility

Key Voting Outcomes

Overall Participation

  • Total Shareholders on Record Date: 16,483
  • Promoters Attended via VC: 3
  • Public Attended via VC: 72
  • Total Outstanding Shares: 24,230,650

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total Votes Polled: 17,522,312 (72.3147% of outstanding shares)
  • Votes in Favor: 17,522,299 (99.9999%)
  • Votes Against: 13 (0.0001%)
  • Passed: Yes

Resolution 2 - Director Re-appointment

  • Total Votes Polled: 17,522,312 (72.3147% of outstanding shares)
  • Votes in Favor: 17,522,299 (99.9999%)
  • Votes Against: 13 (0.0001%)
  • Passed: Yes

Resolution 3 - RPT with NRB-IBC Bearings

  • Total Votes Polled: 1,183,619 (4.8848% of outstanding shares)
  • Votes in Favor: 1,183,606 (99.9989%)
  • Votes Against: 13 (0.0011%)
  • Passed: Yes

Resolution 4 - RPT with NIBL-Korta Engineering

  • Total Votes Polled: 1,183,619 (4.8848% of outstanding shares)
  • Votes in Favor: 1,183,606 (99.9989%)
  • Votes Against: 13 (0.0011%)
  • Passed: Yes

Resolution 5 - Section 188 RPT Approval

  • Total Votes Polled: 1,183,619 (4.8848% of outstanding shares)
  • Votes in Favor: 1,183,606 (99.9989%)
  • Votes Against: 13 (0.0011%)
  • Passed: Yes

Resolution 6 - Remuneration Revision

  • Total Votes Polled: 1,183,619 (4.8848% of outstanding shares)
  • Votes in Favor: 1,183,606 (99.9989%)
  • Votes Against: 13 (0.0011%)
  • Passed: Yes

Category-wise Voting Breakdown

Promoter & Promoter Group (18,121,794 shares)

  • Resolution 1 & 2: 16,338,693 votes (90.1605% participation), 100% in favor
  • Resolutions 3-6: 0 votes polled (abstained due to interest)

Public Institutions (1,750 shares)

  • 0 votes polled across all resolutions

Public Non-Institutions (6,107,106 shares)

  • Resolution 1 & 2: 1,183,619 votes (19.381% participation), 99.9989% in favor
  • Resolutions 3-6: 1,183,619 votes (19.381% participation), 99.9989% in favor

Scrutinizer's Role and Findings

  • Name: J.J. Gandhi of M/s J. J. Gandhi & Co.
  • Qualification: Company Secretary (FCS No. 3519)
  • Appointment Date: 28th May, 2026
  • Report Date: 14th August, 2026
  • Responsibilities: Scrutinizing remote e-voting and e-voting during AGM as per Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules 2014
  • Findings: All resolutions passed with requisite majority
  • Conclusion: Results valid and compliant

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • SEBI (LODR) Regulations, 2015 - Regulation 44
  • Companies Act, 2013 - Section 108
  • Companies (Management and Administration) Rules, 2014 - Rule 20
  • MCA General Circular No. 3 of 2025 dated 22/09/2025 (VC/OAVM permission)
  • SEBI circulars on e-voting requirements

Additional Information

  • Total Resolution Count: 6
  • Invalid Votes: None reported across all categories
  • Voting System: CDSL e-voting platform (https://www.evotingindia.com)
  • Percentage Rounding: Figures rounded to 2 decimal points
  • Abstained Votes: Not included in vote counts