Meeting Details

  • Meeting Type: 19th Annual General Meeting (AGM)
  • Meeting Date: September 23, 2026
  • Meeting Time: 17:00 hrs to 18:02 hrs IST
  • Meeting Format: Video Conferencing
  • Record Date: September 16, 2026

Proposed Resolutions and Implications

Seven resolutions were proposed and passed at the AGM:

1. Ordinary Resolution: Adoption of Financial Statements

2. Ordinary Resolution: Re-appointment of Neeraj Sharma (DIN: 09402652) as retiring Director

3. Ordinary Resolution: Appointment and Fixation of Remuneration of Statutory Auditors

4. Special Resolution: Additional Remuneration payable to Neeraj Sharma (DIN: 09402652), Managing Director for financial year ended March 31, 2026

5. Special Resolution: Commission payable to Non-Executive Independent Directors of the Company

6. Ordinary Resolution: Approval of material related party transactions with Strides Pharma Science Limited

7. Ordinary Resolution: Approval of material related party transactions with Strides Pharma Inc, USA (Wholly owned subsidiary of Strides Pharma Science Limited)

Voting Process and Methods

  • Remote E-Voting Period: September 18, 2026 (9:00 hrs IST) to September 22, 2026 (17:00 hrs IST)
  • E-Voting at Meeting: Electronic voting system (Instapoll) provided by NSDL
  • Scrutinizer: Nidhi Shree J of V Sreedharan and Associates (Appointed July 24, 2026)
  • Voting Rights: Reckoned as on cut-off date September 16, 2026
  • Total Shareholders on Record Date: 81,594

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 114,672,891
  • Total Votes Cast: 90,408,139 shares (78.84% participation)
  • Shareholder Attendance: 16 Promoter/Promoter Group members and 65 Public members attended via video conferencing

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements (Ordinary)

  • Total Votes Polled: 90,408,139 (78.84%)
  • Votes in Favor: 90,180,928 (99.7487%)
  • Votes Against: 227,211 (0.2513%)
  • Promoter Group: 100% in favor (34,910,894 votes)
  • Public Institutions: 99.5068% in favor (45,818,053 votes)
  • Public Non-Institutions: 99.9989% in favor (9,451,981 votes)

Resolution 2 - Re-appointment of Neeraj Sharma (Ordinary)

  • Total Votes Polled: 90,352,094 (78.7912%)
  • Votes in Favor: 87,682,982 (97.0459%)
  • Votes Against: 2,669,112 (2.9541%)
  • Promoter Group: 100% in favor (34,910,894 votes)
  • Public Institutions: 94.2042% in favor (43,376,462 votes)
  • Public Non-Institutions: 99.9956% in favor (9,395,626 votes)

Resolution 3 - Appointment of Statutory Auditors (Ordinary)

  • Total Votes Polled: 90,408,139 (78.84%)
  • Votes in Favor: 86,997,992 (96.2281%)
  • Votes Against: 3,410,147 (3.7719%)
  • Promoter Group: 100% in favor (34,910,894 votes)
  • Public Institutions: 92.5945% in favor (42,635,296 votes)
  • Public Non-Institutions: 99.997% in favor (9,451,802 votes)

Resolution 4 - Additional Remuneration to Neeraj Sharma (Special)

  • Total Votes Polled: 90,352,069 (78.7911%)
  • Votes in Favor: 85,345,920 (94.4593%)
  • Votes Against: 5,006,149 (5.5407%)
  • Promoter Group: 100% in favor (34,910,894 votes)
  • Public Institutions: 89.1349% in favor (41,042,319 votes)
  • Public Non-Institutions: 99.9648% in favor (9,392,707 votes)

Resolution 5 - Commission to Independent Directors (Special)

  • Total Votes Polled: 90,408,114 (78.84%)
  • Votes in Favor: 88,964,129 (98.4028%)
  • Votes Against: 1,443,985 (1.5972%)
  • Promoter Group: 100% in favor (34,910,894 votes)
  • Public Institutions: 96.8713% in favor (44,604,528 votes)
  • Public Non-Institutions: 99.9645% in favor (9,448,707 votes)

Resolution 6 - RPT with Strides Pharma Science (Ordinary)

  • Total Votes Polled: 55,497,245 (48.3961%)
  • Votes in Favor: 54,374,951 (97.9777%)
  • Votes Against: 3,179 (0.0057%)
  • Invalid Votes: 33,060,490 (from interested parties)
  • Promoter Group: 0 votes (interested party)
  • Public Institutions: 100% in favor (46,045,158 votes)
  • Public Non-Institutions: 88.1265% in favor (8,329,793 votes)

Resolution 7 - RPT with Strides Pharma Inc USA (Ordinary)

  • Total Votes Polled: 55,497,245 (48.3961%)
  • Votes in Favor: 54,374,951 (97.9777%)
  • Votes Against: 3,179 (0.0057%)
  • Invalid Votes: 33,060,490 (from interested parties)
  • Promoter Group: 0 votes (interested party)
  • Public Institutions: 100% in favor (46,045,158 votes)
  • Public Non-Institutions: 88.1265% in favor (8,329,793 votes)

Scrutinizer's Role and Findings

  • Scrutinizer: Nidhi Shree J, Partner of V Sreedharan and Associates
  • Firm: V Sreedharan and Associates
  • Qualification: Company Secretary
  • Membership Number: 71329
  • Appointment Date: July 24, 2026
  • Report Date: September 24, 2026

Key Findings from Scrutinizer's Report:

  • Remote e-voting was conducted through NSDL from September 18-22, 2026
  • Votes cast through remote e-voting were unblocked on September 23, 2026 at 6:05 PM IST
  • For Resolutions 6 and 7, 7 members through 19 folios holding 33,060,490 equity shares (being interested parties) had their votes invalidated due to inadvertent voting
  • Invalid votes breakdown: Promoter and Promoter Group - 31,941,375 votes; Public Non-Institutions - 1,119,115 votes
  • The scrutinizer confirmed that all electronic voting records will be handed over to the Company Secretary for preservation

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules made thereunder
  • MCA General Circulars regarding virtual meetings
  • SEBI Circulars regarding e-voting and virtual meetings

Additional Information

  • Shareholders holding shares in multiple folios were considered separately on folio-wise basis, not consolidated PAN-wise
  • Annual Report and AGM notice were sent only by electronic mode to members with registered email addresses
  • The company has corporate office in Bengaluru and registered office in Navi Mumbai