Meeting Details

The 79th Annual General Meeting of PI Industries Limited was held on Friday, August 14, 2026 at 10:30 A.M. (IST) through Video Conference/Other Audio-Visual Means. The deemed venue was the Registered Office of the Company at Udaisagar Road, Udaipur - 313001, Rajasthan, India.

Proposed Resolutions and Implications

Shareholders considered and voted on nine resolutions:

1. Ordinary Resolution: Adoption of financial statements (standalone and consolidated) for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Ordinary Resolution: Confirmation of Interim Dividend of ₹5.00 per equity share and declaration of Final Dividend of ₹10.00 per equity share of face value ₹1.00 each for FY 2025-26

3. Ordinary Resolution: Re-appointment of Mr. Rafael Del Rio Donoso (DIN: 08105128) as director retiring by rotation

4. Ordinary Resolution: Non-filling of vacancy caused by retirement of Mr. Arvind Singhal (DIN: 00092425), Non-Executive Non-Independent Director

5. Ordinary Resolution: Ratification of remuneration payable to Cost Auditor for financial year 2026-27

6. Ordinary Resolution: Remuneration payable to Mr. Rafael Del Rio Donoso (DIN: 08105128), Non-Executive Non-Independent Director

7. Special Resolution: Appointment of Dr. Atul Kumar Gupta (DIN: 10087955) as Director and Whole Time Director

8. Special Resolution: Re-appointment of Mr. Shobinder Duggal (DIN: 00039580) as Independent Director

9. Special Resolution: Re-appointment of Ms. Pia Singh (DIN: 00067233) as Independent Director

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility available from Monday, August 10, 2026 at 9:00 A.M. (IST) to Thursday, August 13, 2026 at 5:00 P.M. (IST)
  • E-voting during the AGM for members who attended through VC but could not participate in remote e-voting
  • KFin Technologies Limited served as the Service Provider for e-voting facilities
  • The cut-off date for determining voting eligibility was August 07, 2026

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 151,718,118
  • Total votes cast: 137,139,174 (90.3908% participation)

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Total votes: 137,139,115 (99.99% of votes cast)
  • Votes against: 59 (0.01%)
  • Passed: Yes

Resolution 2 - Dividend Declaration

  • Total votes in favor: 137,137,087 (99.97% of votes cast)
  • Votes against: 36,103 (0.03%)
  • Passed: Yes

Resolution 3 - Re-appointment of Rafael Del Rio Donoso

  • Total votes in favor: 124,692,499 (90.94% of votes cast)
  • Votes against: 12,425,320 (9.06%)
  • Passed: Yes

Resolution 4 - Non-filling of Vacancy

  • Total votes in favor: 137,173,070 (99.99% of votes cast)
  • Votes against: 115 (0.01%)
  • Passed: Yes

Resolution 5 - Cost Auditor Remuneration

  • Total votes in favor: 137,172,099 (99.99% of votes cast)
  • Votes against: 1,086 (0.01%)
  • Passed: Yes

Resolution 6 - Director Remuneration

  • Total votes in favor: 115,730,030 (84.37% of votes cast)
  • Votes against: 21,443,079 (15.63%)
  • Passed: Yes

Resolution 7 - Appointment of Whole Time Director

  • Total votes in favor: 135,826,970 (99.02% of votes cast)
  • Votes against: 1,346,215 (0.98%)
  • Passed: Yes

Resolution 8 - Re-appointment of Independent Director

  • Total votes in favor: 135,601,654 (99.47% of votes cast)
  • Votes against: 725,858 (0.53%)
  • Passed: Yes

Resolution 9 - Re-appointment of Independent Director

  • Total votes in favor: 124,095,673 (90.47% of votes cast)
  • Votes against: 13,077,512 (9.53%)
  • Passed: Yes

Participation Breakdown by Shareholder Category:

Promoter and Promoter Group

  • Shares held: 69,920,474
  • Votes polled: 69,920,474 (100% participation)
  • Voted in favor on all resolutions: 100%

Public Institutions

  • Shares held: 70,990,074
  • Votes polled: 66,303,392 (93.3981% participation)
  • Generally high approval rates across resolutions

Public Non-Institutions

  • Shares held: 10,807,570
  • Votes polled: 915,308 (8.4691% participation)
  • Varied approval rates across resolutions

Scrutinizer's Role and Findings

Mr. Ashish Kumar Friends, Practicing Company Secretary (A.K Friends and Company), was appointed as Scrutinizer by the Board of Directors at their meeting held on May 19, 2026. His responsibilities included:

  • Scrutinizing the e-voting process in a fair and transparent manner
  • Preparing a Consolidated Scrutinizer's Report based on reports generated from KFin's e-voting system
  • Unblocking votes cast through remote e-voting and e-voting during the AGM on August 14, 2026, in the presence of two witnesses not employed by the Company

The Scrutinizer confirmed that all resolutions were duly passed by the members with the requisite majority.

Compliance with Laws and Regulations

The disclosure confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 and Rule 21 of the Companies (Management and Administration) Rules, 2014
  • Relevant MCA and SEBI circulars regarding virtual meetings

Additional Information

The voting results and Scrutinizer's Report are available on the Company's website (https://www.piindustries.com/investor/disclosure/agm/) and KFin Technologies Ltd.'s website (https://evoting.kfintech.com). The Company sent notices through email to members whose email IDs were available with depositories and published advertisements in Financial Express (English) and Pratahkal (Hindi) newspapers on July 21, 2026.