Meeting Details

  • Type of Meeting: Extra Ordinary General Meeting (EGM)
  • Date of Meeting: October 5, 2026
  • Meeting Time: 4:00 PM to 5:13 PM
  • Record Date: September 25, 2026
  • Total Number of Shareholders on Record Date: 259,566

Proposed Resolutions and Implications

Four special resolutions were considered and approved:

1. Alteration of Articles of Association: To consider and approve alteration of the Articles of Association of the Company.

2. Increase in Borrowing Limit: To increase the overall borrowing limit of the Company for an aggregate amount up to USD 1,250 million.

3. Creation of Charge: To consider and approve the creation of a charge, pledge, hypothecation, and/or mortgage by the Company in relation to the above debt financing.

4. Issuance of Securities: To consider and approve issuance of securities for an aggregate amount up to USD 450 Million.

The promoter/promoter group was not interested in any of the agendas/resolutions.

Voting Process and Methods

Voting was conducted through three methods:

  • Remote e-voting
  • E-voting conducted at the time of the EGM
  • Voting through ballot paper

Key Voting Outcomes

Resolution 1: Alteration of Articles of Association

  • Total Votes Polled: 124,869,787 (79.1568% of outstanding shares)
  • Votes in Favor: 124,817,215 (99.9579% of votes polled)
  • Votes Against: 52,572 (0.0421% of votes polled)
  • Result: Passed

Category-wise Breakdown for Resolution 1:

  • Promoter and Promoter Group: 47,789,930 shares held; 47,003,120 votes polled (98.3536%); 100% in favor.
  • Public-Institutions: 83,168,091 shares held; 76,335,827 votes polled (91.785%); 100% in favor.
  • Public-Non Institutions: 26,791,979 shares held; 1,530,840 votes polled (5.7138%); 96.5658% in favor, 3.4342% against.

Resolution 2: Increase Borrowing Limit to USD 1.25 Billion

  • Total Votes Polled: 124,832,097 (79.1329% of outstanding shares)
  • Votes in Favor: 123,594,301 (99.0084% of votes polled)
  • Votes Against: 1,237,796 (0.9916% of votes polled)
  • Result: Passed

Category-wise Breakdown for Resolution 2:

  • Promoter and Promoter Group: 47,789,930 shares held; 47,003,120 votes polled (98.3536%); 100% in favor.
  • Public-Institutions: 83,168,091 shares held; 76,298,064 votes polled (91.7396%); 98.4466% in favor, 1.5534% against.
  • Public-Non Institutions: 26,791,979 shares held; 1,530,913 votes polled (5.7141%); 96.5647% in favor, 3.4353% against.

Resolution 3: Creation of Charge for Debt Financing

  • Total Votes Polled: 124,832,097 (79.1329% of outstanding shares)
  • Votes in Favor: 123,594,010 (99.0082% of votes polled)
  • Votes Against: 1,238,087 (0.9918% of votes polled)
  • Result: Passed

Category-wise Breakdown for Resolution 3:

  • Promoter and Promoter Group: 47,789,930 shares held; 47,003,120 votes polled (98.3536%); 100% in favor.
  • Public-Institutions: 83,168,091 shares held; 76,298,064 votes polled (91.7396%); 98.4466% in favor, 1.5534% against.
  • Public-Non Institutions: 26,791,979 shares held; 1,530,913 votes polled (5.7141%); 96.5457% in favor, 3.4543% against.

Resolution 4: Issuance of Securities up to USD 450 Million

  • Total Votes Polled: 124,869,820 (79.1568% of outstanding shares)
  • Votes in Favor: 124,562,626 (99.754% of votes polled)
  • Votes Against: 307,194 (0.246% of votes polled)
  • Result: Passed

Category-wise Breakdown for Resolution 4:

  • Promoter and Promoter Group: 47,789,930 shares held; 47,003,120 votes polled (98.3536%); 100% in favor.
  • Public-Institutions: 83,168,091 shares held; 76,335,827 votes polled (91.785%); 99.6748% in favor, 0.3252% against.
  • Public-Non Institutions: 26,791,979 shares held; 1,530,873 votes polled (5.7139%); 96.1492% in favor, 3.8508% against.

Attendance

  • Promoters and Promoter Group Present in Person/Proxy: 4
  • Public Present in Person/Proxy: -66 (data anomaly noted)
  • Promoters and Promoter Group Attended via Video Conferencing: 0
  • Public Attended via Video Conferencing: 44

Invalid Votes

  • Public Institutions: 471,710 invalid votes across all resolutions.
  • Promoter and Promoter Group: 0 invalid votes.
  • Public-Non Institutions: 0 invalid votes.

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Mr. Sridhar Mudaliar
  • Firm Name: M/s SVD & Associates
  • Qualification: Company Secretary (CS)
  • Membership Number: 6156
  • Date of Board Meeting Appointment: September 2, 2026
  • Date of Issuance of Report to Company: October 6, 2026

The scrutinizer verified the voting process and confirmed the results.

Compliance Confirmation

The company confirms compliance with the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and other applicable laws. The voting was conducted as per the prescribed procedures.