Orient Electric 10th AGM Approves All Five Resolutions

Meeting Details

Meeting Type: 10th Annual General Meeting (AGM)
Meeting Date: July 22, 2026
Meeting Time: 3:30 PM to 4:20 PM IST
Meeting Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Record Date: July 15, 2026

Summary of Proposed Resolutions

Five resolutions were considered and approved at the AGM:

Resolution 1: Ordinary Resolution

To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors.

Resolution 2: Ordinary Resolution

To declare final dividend of ₹0.75 (75%) per equity share of face value of ₹1 each for the financial year ended March 31, 2026.

Resolution 3: Ordinary Resolution

To re-appoint Mr. CK Birla (DIN: 00118473) as Non-executive Director who retires by rotation. Promoters were interested in this resolution.

Resolution 4: Ordinary Resolution

To appoint M/s. Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company.

Resolution 5: Ordinary Resolution

To ratify remuneration of the Cost Auditor for the financial year ending March 31, 2027.

Voting Process and Methods

The voting process utilized two methods:

1. Remote e-voting: Conducted through National Securities Depository Limited (NSDL) from July 18, 2026 (9:00 AM IST) to July 21, 2026 (5:00 PM IST)

2. E-voting at AGM: Available for shareholders attending the AGM through VC/OAVM who had not voted remotely

Key Voting Outcomes

Overall Participation

Total shareholders on record date: 81,031
Shareholders attending meeting via VC: 60 (14 Promoters, 46 Public)
Total number of resolutions: 5
Total outstanding shares: 213,365,899
Total votes polled: 180,263,668 (84.4857% of outstanding shares)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

Total votes in favor: 180,260,650 (99.9999%)
Total votes against: 3,018 (0.0001%)
Invalid votes: 4,173,845 from Public Institutions

Resolution 2: Final Dividend Declaration

Total votes in favor: 180,262,976 (99.9999%)
Total votes against: 692 (0.0001%)
Invalid votes: 4,173,845 from Public Institutions

Resolution 3: Re-appointment of Mr. CK Birla

Total votes in favor: 180,246,452 (99.9999%)
Total votes against: 17,215 (0.0001%)
Invalid votes: 4,173,845 from Public Institutions

Resolution 4: Appointment of Statutory Auditors

Total votes in favor: 180,260,671 (99.9999%)
Total votes against: 2,997 (0.0001%)
Invalid votes: 4,173,845 from Public Institutions

Resolution 5: Ratification of Cost Auditor Remuneration

Total votes in favor: 180,260,690 (99.9999%)
Total votes against: 2,978 (0.0001%)
Invalid votes: 4,173,845 from Public Institutions

Category-wise Voting Breakdown

Promoter and Promoter Group

Shares held: 81,733,294
Votes polled: 81,733,294 (100% participation)
Voting pattern: 100% in favor across all resolutions

Public Institutions

Shares held: 76,228,657
Votes polled: 70,241,919 (92.1463% participation)
Invalid votes: 4,173,845 across all resolutions

Public Non-Institutions

Shares held: 55,403,948
Votes polled: 28,288,455 (51.0586% participation)

Scrutinizer's Role and Findings

Scrutinizer: Mr. Atul Kumar Labh (FCS-4848/CP-3238) of M/s. Labh & Labh Associates, Company Secretaries
Appointment Date: May 8, 2026
Report Issuance Date: July 22, 2026
Votes unblocked: July 22, 2026 at 5:10 PM IST in presence of two independent witnesses
Conclusion: All resolutions passed with requisite majority as per Companies Act, 2013 and SEBI LODR Regulations

Compliance Statement

The voting process complied with:

Section 108 of the Companies Act, 2013
Rule 20 of the Companies (Management and Administration) Rules, 2014
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MCA Circulars regarding e-voting and virtual meetings

Additional Information

The complete voting results and scrutinizer's report are available on the company's website at https://orientelectric.com/pages/general-meeting