Meeting Details

The 33rd Annual General Meeting was held on Tuesday, September 29, 2026 at 12:00 Noon through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of members, conducted pursuant to MCA Circulars addressing COVID-19 pandemic requirements.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

Resolution No. 1 (Ordinary Resolution): To receive, consider and adopt:

  • The Revised Audited Standalone Financial Statements for FY ended March 31, 2026
  • The Revised Audited Consolidated Financial Statements for FY ended March 31, 2026

Resolution No. 2 (Ordinary Resolution): Reappointment of a director liable to retire by rotation

Resolution No. 3 (Ordinary Resolution): Ratification of remuneration of the Cost Auditor for Financial Year 2026-27

Resolution No. 4 (Ordinary Resolution): Approval for Material Related Party Transactions with Ms. Otsuka Chemicals (India) Private Limited

Resolution No. 5 (Special Resolution): Details not fully specified in the document

Voting Process and Methods

The voting process included:

  • Remote e-voting through NSDL facility from Saturday, September 26, 2026 (9:00 AM IST) to Monday, September 28, 2026 (5:00 PM IST)
  • E-voting during the AGM for members present through VC/OAVM who had not voted remotely
  • Shareholders holding shares as of Tuesday, September 22, 2026 were entitled to vote
  • Physical presence and proxy appointments were dispensed with due to COVID-19 measures

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 59,885,200
  • Total votes cast: 54,690,916 (91.3262% of outstanding shares)
  • Number of members voting: 127

Resolution-wise Results:

Resolution No. 1:

  • Votes in favor: 54,650,364 (99.9259%)
  • Votes against: 40,552 (0.0741%)
  • PASSED

Resolution No. 3:

  • Votes in favor: 54,690,245 (99.9988%)
  • Votes against: 671 (0.0012%)
  • PASSED

Resolution No. 4 (Material Related Party Transaction):

  • Promoter votes (44,251,172) excluded from calculation as related party
  • Public non-institutional votes cast: 10,439,744
  • Votes in favor: 8,841,598 (84.6918%)
  • Votes against: 1,598,146 (15.3082%)
  • PASSED

Resolution No. 5:

  • Votes in favor: 50,569,101 (92.48%)
  • Votes against: 4,121,815 (7.52%)
  • PASSED as Special Resolution

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares held: 44,586,052
  • Votes cast: 44,251,172 (99.2489% participation)
  • Voted 100% in favor on all resolutions where eligible

Public Non-Institutions:

  • Shares held: 15,299,148
  • Votes cast: 10,439,744 (68.2374% participation)

Scrutinizer's Role and Findings

P Muthukumaran, Practising Company Secretary (COP No. 20333), partner of P Muthukumaran and Associates, was appointed as Scrutinizer. His responsibilities included:

  • Preparing scrutinizer report from NSDL e-voting system data
  • Counting votes and preparing results after unblocking remote and AGM e-voting data in presence of two independent witnesses
  • Confirming all resolutions passed with requisite majority

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and relevant Rules
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015
  • MCA Circulars regarding virtual meetings during COVID-19

Additional Information

The electronic voting records will remain with the scrutinizer until the chairperson approves and signs the meeting minutes, after which they will be handed over to the Company Secretary for safekeeping.