Pine Labs AGM Approves Director Remuneration Revisions

Pine Labs Limited

Meeting Details

The Twenty Eighth Annual General Meeting of Pine Labs Limited was held on Wednesday, September 16, 2026, at 12:00 P.M. (IST) through Video Conference/Other Audio-Visual Means.

Shareholder Participation

Total shareholders on record date (September 9, 2026): 237,635
Public shareholders attending through video conferencing: 101
Promoter and promoter group attendance: Not Applicable (NA)

Scrutinizer Appointment

Ms. Ritu Mahajan (ACS No.: 35495, CP No.: 22918) of M/s. Ritu Mahajan and Associates, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the e-voting process.

Voting Mechanism

Remote e-voting period: September 12, 2026 (09:00 AM) to September 15, 2026 (05:00 PM)

E-voting during AGM: September 16, 2026

Resolutions Passed

All seven resolutions set out in the AGM notice were duly passed by members with requisite majority:

Resolution 1: To consider and adopt the audited standalone and consolidated financial statements for FY ended March 31, 2026, with reports of board of directors and auditors (Ordinary Resolution)

Total valid votes cast: 83,58,49,308
Votes in favor: 83,58,36,778 (99.9985%)
Votes against: 12,530 (0.0015%)

Resolution 2: To re-appoint Mr. Kush Mehra (DIN: 08154941) who retires by rotation (Ordinary Resolution)

Total valid votes cast: 83,58,51,697
Votes in favor: 83,51,83,616 (99.9201%)
Votes against: 6,68,081 (0.0799%)

Resolution 3: To re-appoint M/s B S R & Co. LLP, Chartered Accountants as Statutory Auditors and fix their remuneration (Ordinary Resolution)

Total valid votes cast: 83,58,49,304
Votes in favor: 83,55,72,305 (99.9669%)
Votes against: 2,76,999 (0.0331%)

Resolution 4: To approve revision in remuneration payable to Mr. Kush Mehra, Whole-Time Director (Special Resolution)

Total valid votes cast: 83,58,49,016
Votes in favor: 74,30,21,720 (88.8943%)
Votes against: 9,28,27,296 (11.1057%)

Resolution 5: To approve revision in remuneration payable to Ms. Amrita Gangotra, Non-Executive Independent Director (Special Resolution)

Total valid votes cast: 79,92,21,918
Votes in favor: 78,61,24,281 (98.3612%)
Votes against: 1,30,97,637 (1.6388%)

Resolution 6: To approve revision in remuneration payable to Mr. Maninder Singh Juneja, Non-Executive Independent Director (Special Resolution)

Total valid votes cast: 79,92,21,999
Votes in favor: 78,61,22,817 (98.3610%)
Votes against: 1,30,99,182 (1.6390%)

Resolution 7: To approve revision in remuneration payable to Ms. Smita Chandramani Kumar, Non-Executive Independent Director (Special Resolution)

Total valid votes cast: 79,92,21,999
Votes in favor: 78,61,24,362 (98.3612%)
Votes against: 1,30,97,637 (1.6388%)

Shareholding Pattern Analysis

Total shares outstanding: 115,38,58,090

Public Institutions (92,73,49,380 shares):

83.57% voting participation
Consistently high approval rates (98.29%-100% across resolutions)

Public Non-Institutions (2,26,50,871 shares):

26.86% voting participation
Approval rates ranged from 97.60% to 99.98% across resolutions

Document Availability

The voting results and scrutinizer's report are available on the company website (www.pinelabs.com) and KFin Technologies Limited website (https://evoting.kfintech.com), and at the registered and corporate offices of the Company.