Meeting Details

The voting was conducted through remote e-voting process without a physical meeting. The e-voting period commenced on Thursday, September 3, 2026 (9:00 AM IST) and concluded on Friday, October 2, 2026 (5:00 PM IST). The cut-off date for determining shareholder eligibility was August 28, 2026.

Proposed Resolutions and Implications

Resolution 1: Appointment of Mr. Avadhut Ketkar (DIN: 02353654) as the Managing Director and Chief Executive Officer of the Company. This was an ordinary resolution where promoters/promoter group were interested in the resolution.

Resolution 2: Appointment of Mr. Andrew Mark Morawski (DIN: 11775252) as a Non-Executive, Non-Independent Director of the Company. This was an ordinary resolution where promoters/promoter group were not interested in the resolution.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting services provided by Central Depository Services (India) Limited (CDSL). No physical polling or postal ballot forms were used. The company sent the notice of postal ballot electronically to all members registered with email addresses as of the cut-off date.

Key Voting Outcomes

Resolution 1: Appointment of Mr. Avadhut Ketkar

  • Total votes cast: 77,930,132 (89.4894% of outstanding shares)
  • Overall votes in favor: 77,588,343 (99.5614%)
  • Overall votes against: 341,789 (0.4386%)

Category-wise Breakdown:

  • Promoter and Promoter Group: 63,051,197 shares voted (100% participation), 100% in favor
  • Public Institutions: 14,737,165 votes (89.2251% participation), 97.6871% in favor, 2.3129% against
  • Public Non-Institutions: 141,770 votes (1.8865% participation), 99.3377% in favor, 0.6623% against

Resolution 2: Appointment of Mr. Andrew Mark Morawski

  • Total votes cast: 77,930,132 (89.4894% of outstanding shares)
  • Overall votes in favor: 77,116,463 (98.9559%)
  • Overall votes against: 813,669 (1.0441%)

Category-wise Breakdown:

  • Promoter and Promoter Group: 63,051,197 shares voted (100% participation), 100% in favor
  • Public Institutions: 14,737,165 votes (89.2251% participation), 94.4850% in favor, 5.5150% against
  • Public Non-Institutions: 141,770 votes (1.8865% participation), 99.3595% in favor, 0.6405% against

Scrutinizer's Role and Findings

P. Diwan & Associates, Company Secretaries, were appointed as scrutinizers on August 24, 2026, pursuant to Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Amendment Rules, 2014. The scrutinizer:

  • Verified that the company sent the notice electronically to all eligible members
  • Supervised the e-voting process conducted by CDSL
  • Unblocked the votes on October 5, 2026, at approximately 10:48 AM IST in the presence of witnesses CS Aashit Doshi and Mr. Tanmay Desai
  • Maintained an electronic register of votes cast
  • Certified that both resolutions were passed with requisite majority

Compliance Statement

The process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documents were uploaded on the company's website as required.