Meeting Details

The 154th Annual General Meeting was held on Thursday, August 27, 2026, at 3:00 PM through Video Conferencing/Other Audio-Visual Means (VC/OAVM) without physical presence of members, in accordance with MCA Circular No 03/2025 dated September 22, 2025 and SEBI circulars.

Scrutinizer Appointment

Shivam Sharma of Shivam Sharma & Associates, Company Secretaries (Membership No.: 35727), was appointed as scrutinizer by the Board of Directors at their meeting held on May 29, 2026, to ensure fair and transparent voting process.

Voting Process

  • Cut-off date for shareholder eligibility: Thursday, August 20, 2026
  • Total shareholders on record date: 59,636
  • National Securities Depository Limited (NSDL) appointed as agency for remote e-voting and e-voting during AGM
  • EVEN (Electronic Voting Event Number): 139834
  • Remote e-voting period: August 23, 2026 (9:00 AM) to August 26, 2026 (5:00 PM)
  • Additional 15 minutes of voting provided after AGM conclusion
  • No facility for physical ballot papers

Attendance

  • Promoters and promoter group attended through VC: 13
  • Public shareholders attended through VC: 58
  • Total shareholders present through VC: 71

Voting Results Summary

All six resolutions were passed with requisite majority:

Item No. 1: Ordinary Resolution - Adoption of Financial Statements

  • To receive, consider and adopt: A) The audited standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Statutory Auditors; B) The audited consolidated financial statements for FY ended March 31, 2026 with report of Statutory Auditors
  • Total votes polled: 230,974,409 (69.6276% of outstanding shares)
  • Votes in favor: 230,972,328 (99.9991% of votes polled)
  • Votes against: 2,081 (0.0009% of votes polled)
  • No invalid votes

Item No. 2: Ordinary Resolution - Reappointment of Director

  • To appoint Mahesh Shrikrishna Gupta (DIN: 00046810), Non-Executive, Non-Independent Director, who retires by rotation
  • Total votes polled: 227,753,916 (68.6568% of outstanding shares)
  • Votes in favor: 227,750,835 (99.9986% of votes polled)
  • Votes against: 3,081 (0.0014% of votes polled)
  • No invalid votes

Item No. 3: Special Resolution - Reappointment of Independent Director

  • Reappointment of Pawan Swamy (DIN: 03511996) as an Independent Director
  • Total votes polled: 230,974,385 (69.6276% of outstanding shares)
  • Votes in favor: 230,970,304 (99.9982% of votes polled)
  • Votes against: 4,081 (0.0018% of votes polled)
  • No invalid votes

Item No. 4: Special Resolution - Redesignation of Director

  • Redesignation of Nandan A. Piramal (DIN: 00045003) from Whole-Time Director to Managing Director designated as Joint Managing Director
  • Total votes polled: 230,974,309 (69.6276% of outstanding shares)
  • Votes in favor: 230,970,028 (99.9981% of votes polled)
  • Votes against: 4,281 (0.0019% of votes polled)
  • No invalid votes

Item No. 5: Special Resolution - Remuneration Approval

  • To approve maintenance of existing remuneration structure of Nandan A. Piramal upon redesignation
  • Total votes polled: 230,974,617 (69.6277% of outstanding shares)
  • Votes in favor: 230,971,386 (99.9986% of votes polled)
  • Votes against: 3,231 (0.0014% of votes polled)
  • No invalid votes

Item No. 6: Ordinary Resolution - Related Party Transaction

  • To consider and approve material related party transaction with Jaydev Mukund Mody or entities related to him
  • Total votes polled: 887,902 (0.2677% of outstanding shares)
  • Votes in favor: 842,991 (94.9419% of votes polled)
  • Votes against: 44,911 (5.0581% of votes polled)
  • Invalid votes: Public Non-Institutions - 5,455,196 votes

Shareholding Pattern

Total outstanding shares: 331,728,220

  • Promoter and Promoter Group: 224,599,333 shares (67.71%)
  • Public Institutions: 1,169,806 shares (0.35%)
  • Public Non-Institutions: 105,959,081 shares (31.94%)

Scrutinizer Report

Scrutinizer's report dated August 27, 2026, confirmed all resolutions passed with requisite majority. Voting records handed over to Company Secretary for safekeeping.