Meeting Details

The 34th Annual General Meeting was held on September 29, 2026, through Video Conference (VC) / Other Audio Video Means (OAVM).

Proposed Resolutions and Implications

Six ordinary resolutions were proposed and approved:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

2. Declaration of Dividend at 11% (Rs. 1.10 per equity share) for FY 2025-26

3. Re-appointment of Mr. Devendra Shah (DIN: 01127319) as Director liable to retire by rotation

4. Ratification of Remuneration to Cost Auditors for FY 2026-27

5. Approval for remuneration of Mr. Poojan Shah (General Manager - Business Operations) appointed to office of profit

6. Approval for remuneration of Mr. Stavan Shah (General Manager - International & Ingredient Business) appointed to office of profit

Voting Process and Methods

The company provided remote e-voting facility through NSDL from September 26, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST). E-voting during the AGM was also available for shareholders who hadn't voted remotely. Mr. Bhaskar Upadhyay from M/s. N.L. Bhatia & Associates (UIN: P1996MH055800) was appointed as Scrutinizer.

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 89,956
  • Shareholders present in meeting: 75 (Public) + 6 (Promoters) = 81
  • Total resolutions passed: 6

Resolution-wise Results:

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 60,973,741 (48.5423% of outstanding shares)
  • Votes in favor: 60,973,427 (99.9995%)
  • Votes against: 314 (0.0005%)

Resolution 2: Dividend Declaration

  • Total votes cast: 60,992,288 (48.5570% of outstanding shares)
  • Votes in favor: 60,991,570 (99.9988%)
  • Votes against: 718 (0.0012%)

Resolution 3: Re-appointment of Devendra Shah

  • Total votes cast: 60,992,288 (48.5570% of outstanding shares)
  • Votes in favor: 60,865,403 (99.7920%)
  • Votes against: 126,885 (0.2080%)

Resolution 4: Ratification of Cost Auditor Remuneration

  • Total votes cast: 60,992,258 (48.5570% of outstanding shares)
  • Votes in favor: 60,987,436 (99.9921%)
  • Votes against: 4,822 (0.0079%)

Resolution 5: Remuneration of Poojan Shah

  • Total votes cast: 33,268,068 (26.4853% of outstanding shares)
  • Votes in favor: 32,539,443 (97.8098%)
  • Votes against: 728,625 (2.1902%)

Resolution 6: Remuneration of Stavan Shah

  • Total votes cast: 37,965,273 (30.2248% of outstanding shares)
  • Votes in favor: 37,236,668 (98.0809%)
  • Votes against: 728,605 (1.9191%)

Category-wise Participation:

Promoter & Promoter Group:

  • Shares held: 50,861,459
  • Average voting participation: ~99.78%
  • Unanimous support for all resolutions (100% in favor)

Public Institutions:

  • Shares held: 16,253,152
  • Average voting participation: ~46.39%
  • Supported all resolutions except showed some opposition to director remuneration resolutions

Public Non-Institutions:

  • Shares held: 58,494,943
  • Average voting participation: ~4.62%
  • Generally supported all resolutions with minor opposition

Scrutinizer's Role and Findings

Mr. Bhaskar Upadhyay (FCS 8663, CP No. 9625) was appointed as Scrutinizer. His responsibilities included:

  • Scrutinizing remote e-voting and e-voting during the AGM
  • Ascertaining requisite majority on all resolutions
  • Preparing consolidated scrutinizer's report based on NSDL e-voting system data

The scrutinizer confirmed that all resolutions were passed by requisite majority as of September 29, 2026.

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA circulars regarding electronic voting
  • Advertisement published in Financial Express (English) and Lok Satta (Marathi) on September 6, 2026

Additional Information

Voting results and scrutinizer's report are available on company website (www.paragmilkfoods.com) and NSDL website (www.evoting.nsdl.com). Cut-off date for shareholder eligibility was September 22, 2026.