Voting Results Summary

Three resolutions were put to vote through postal ballot (remote e-voting) with the following outcomes:

Resolution 1: Increase in Authorised Share Capital (Ordinary Resolution)

  • Description: Increase in the Authorised Share Capital and alteration in the Capital Clause of Memorandum of Association
  • Promoter Interest: No
  • Total Votes Polled: 3,436,168,361 shares (40.0974% of outstanding shares)
  • Votes in Favor: 3,434,922,447 shares (99.9637% of votes polled)
  • Votes Against: 1,245,914 shares (0.0363% of votes polled)
  • Result: Passed
  • Voting Notes: 72 e-voters for 715,110 equity shares abstained from voting; 3 e-voters voted both in favor and against

Resolution 2: Fundraising through QIP (Special Resolution)

  • Description: Raising of funds up to an aggregate amount not exceeding ₹1,000 crore, in one or more tranches, through Qualified Institutions Placement
  • Promoter Interest: No
  • Total Votes Polled: 3,436,511,938 shares (40.1014% of outstanding shares)
  • Votes in Favor: 3,435,273,361 shares (99.964% of votes polled)
  • Votes Against: 1,238,577 shares (0.036% of votes polled)
  • Result: Passed
  • Voting Notes: 69 e-voters for 373,849 equity shares abstained from voting; 7 e-voters voted both in favor and against

Resolution 3: Re-appointment of Managing Director (Ordinary Resolution)

  • Description: Re-appointment of Shri Balram Garg (DIN: 00032083) as Managing Director and payment of remuneration
  • Promoter Interest: Yes
  • Total Votes Polled: 3,436,125,696 shares (40.0969% of outstanding shares)
  • Votes in Favor: 3,394,819,955 shares (98.7979% of votes polled)
  • Votes Against: 41,305,741 shares (1.2021% of votes polled)
  • Result: Passed
  • Voting Notes: 79 e-voters for 751,699 equity shares abstained from voting; 16 e-voters voted both in favor and against

Category-wise Voting Breakdown

Resolution 1: Authorised Share Capital Increase

  • Promoter & Promoter Group: 3,321,999,960 votes (100% in favor, 0% against)
  • Public Institutions: 95,037,962 votes (100% in favor, 0% against)
  • Public Non-Institutions: 19,130,439 votes (93.4873% in favor, 6.5127% against)

Resolution 2: QIP Fundraising

  • Promoter & Promoter Group: 3,321,999,960 votes (100% in favor, 0% against)
  • Public Institutions: 95,037,962 votes (100% in favor, 0% against)
  • Public Non-Institutions: 19,474,016 votes (93.6398% in favor, 6.3602% against)

Resolution 3: MD Re-appointment

  • Promoter & Promoter Group: 3,321,999,960 votes (100% in favor, 0% against)
  • Public Institutions: 95,037,962 votes (57.786% in favor, 42.214% against)
  • Public Non-Institutions: 19,087,774 votes (93.7842% in favor, 6.2158% against)

Share Capital Details

  • Total Paid-up Equity Share Capital: ₹971,05,34,855 divided into 971,05,34,855 equity shares of ₹1 each
  • Excluded from Voting: 114,09,76,970 equity shares allotted pursuant to conversion of Fully Convertible Warrants which were under process of listing/trading approvals
  • Voting Base: 856,95,57,885 equity shares of ₹1 each
  • Record Date: July 10, 2026
  • Total Shareholders on Record Date: 932,248

Scrutinizer Details

  • Name: Ramit Rastogi (FCS: 6952, CP No.: 18465) of Ramit Rastogi & Associates
  • Appointment Date: July 16, 2026
  • E-voting Period: July 25, 2026 (9:00 AM IST) to August 23, 2026 (5:00 PM IST)
  • E-voting Platform: KFin Technologies Limited (https://evoting.kfintech.com)
  • Voting Unblocked: August 23, 2026 at 5:00 PM IST in presence of two witnesses

Notification Details

  • Notice Dispatch: Completed through email on July 24, 2026
  • Newspaper Publication: Financial Express (English) and Jansatta (Hindi) on July 25, 2026
  • Revised Publication: Corrected Hindi notice published in Jansatta on July 26, 2026

Effective Date

All resolutions are deemed to have been passed on August 23, 2026, being the last date of remote e-voting.