Meeting Details

The Extraordinary General Meeting was held on Saturday, 19th September, 2026 at 11:00 a.m. IST through Video Conferencing/Other Audio Visual Means. The meeting was convened pursuant to a notice dated 24th August, 2026, with a corrigendum issued on 11th September, 2026.

Proposed Resolution and Implications

The single resolution proposed was a special resolution for "Approval to raise capital by way of issuance of warrants convertible into equity shares by way of a preferential issue on a private placement basis to Nithyam Realty Private Limited belonging to the Promoter Group of the Company, for an amount aggregating up to Rs. 1750,03,40,000 (Rupees One Thousand Seven Hundred and Fifty Crore Three Lakh Forty Thousand only)".

Voting Process and Methods

The voting process included:

  • Remote e-voting through NSDL's platform (www.evoting.nsdl.com) from Wednesday, 16th September, 2026 at 9:00 a.m. IST to Friday, 18th September, 2026 at 5:00 p.m. IST
  • E-voting during the EGM for members who had not voted remotely
  • The cut-off date for determining voting rights was Saturday, 12th September, 2026
  • The company published advertisements in Business Standard (English) and Mumbai Lakshadeep (Marathi) on 27th August, 2026 and 12th September, 2026

Key Voting Outcomes

Overall Results:

  • Total valid votes cast: 18,40,50,818
  • Votes in favor: 18,40,50,818 (99.9408%)
  • Votes against: 1,09,075 (0.0592%)
  • Number of members voting: 689 (650 in favor, 39 against)

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 10,46,35,805
  • Votes polled: 10,46,34,416 (99.9987% of shares held)
  • Votes in favor: 10,46,34,416 (100.0000% of votes polled)
  • Votes against: 0 (0.0000% of votes polled)

Public Institutions:

  • Shares held: 8,79,89,615
  • Votes polled: 7,30,84,853 (83.0608% of shares held)
  • Votes in favor: 7,30,31,548 (99.9271% of votes polled)
  • Votes against: 53,305 (0.0729% of votes polled)

Public Non-Institutions:

  • Shares held: 4,40,04,886
  • Votes polled: 64,40,624 (14.6362% of shares held)
  • Votes in favor: 63,84,854 (99.1341% of votes polled)
  • Votes against: 55,770 (0.8659% of votes polled)

Attendance:

  • Total shareholders as of record date: 2,13,069
  • Shareholders attending through VC: 53 (9 Promoter & Promoter Group, 44 Public)

Scrutinizer's Role and Findings

Bhaskar B. Upadhyay, Practicing Company Secretary (FCS 8663) from N. L. Bhatia & Associates, was appointed as scrutinizer. His responsibilities included ensuring a fair and transparent voting process and submitting a consolidated report. He confirmed that:

  • The voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
  • The company provided remote e-voting facilities through NSDL
  • All required notices and advertisements were published appropriately
  • The resolution was passed with requisite majority

Compliance Confirmation

The document confirms compliance with:

  • Companies Act, 2013 and relevant rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA circulars including General Circular Nos. 14/2020, 17/2020, and 03/2025

Additional Information

  • Company CIN: L64910MH1984PLC032639
  • The voting results and scrutinizer's report are available on the company's website at www.piramalfinance.com