Meeting Details

The 31st Annual General Meeting was held on Friday, 18th September, 2026, at 11:30 AM IST through Video Conferencing/Other Audio Visual Means without physical presence of members at a common venue. The meeting concluded at 12:35 PM. The deemed venue was the registered office of the Company at 54, Okhla Industrial Estate, Phase-III, New Delhi - 110020.

Proposed Resolutions and Implications

The AGM considered seven resolutions:

Ordinary Business:

1. Adoption of audited financial statements (standalone and consolidated) for the financial year ended 31st March, 2026, together with Reports of the Board of Directors and Auditors

2. Declaration of final dividend of ₹1.50 (15%) per equity share and confirmation of interim dividend of ₹1.00 (10%) per equity share (face value of ₹10 each) for FY26

3. Re-appointment of Mrs. Vinay Kumari Jain (DIN: 00228718) as Director who retires by rotation

Special Business:

4. Re-appointment of Mr. Ajay Kumar Jain as Chairman and Managing Director for three years from 1st November, 2026 to 31st October, 2029 with revision in remuneration effective 1st April 2026

5. Revision in remuneration payable to Mr. Abhishek Jain, Chief Executive Officer and Managing Director effective 1st April 2026

6. Appointment of Mrs. Meeta Makhan (DIN: 07135150) as Independent Director for two years from 25th June, 2026 to 24th June, 2028

7. Ratification of remuneration of the Cost Auditor for financial year 2026-27

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting: Available from 14th September, 2026 (09:00 AM) to 17th September, 2026 (5:00 PM)
  • E-voting system: During the AGM through VC/OAVM on 18th September, 2026

The cut-off date for determining voting rights was Friday, 11th September, 2026. The e-voting facility was provided by MUFG Intime India Private Limited (MIPL).

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 16,752
  • Shareholders attending through video conferencing: 59 (7 Promoters + 52 Public)
  • Total votes cast: 9,226,231 (65.1893% of outstanding shares)
  • All resolutions passed with requisite majority

Resolution-wise Results:

Item 1 - Adoption of Financial Statements

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 2 - Dividend Declaration

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 3 - Re-appointment of Vinay Kumari Jain

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 4 - Re-appointment of Ajay Kumar Jain

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 5 - Revision of Abhishek Jain's Remuneration

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 6 - Appointment of Meeta Makhan

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Item 7 - Ratification of Cost Auditor Remuneration

  • Votes in favor: 9,226,211 (99.99%)
  • Votes against: 20 (0.01%)
  • Invalid votes: 0

Category-wise Voting Breakdown:

Promoter and Promoter Group

  • Shares held: 9,100,867
  • Votes polled: 9,100,867 (100% of their holding)
  • All votes (100%) in favor of all resolutions
  • No votes against from promoters

Public Institutions

  • Shares held: 801,560
  • Votes polled: 0 (0% of their holding)
  • No participation in voting

Public Non-Institutions

  • Shares held: 4,250,560
  • Votes polled: 125,364 (2.9494% of their holding)
  • Votes in favor: 125,344 (99.984%)
  • Votes against: 20 (0.016%)

Scrutinizer's Role and Findings

Ms. Ayushi Jain, Company Secretary in Practice (COP No: 14498) & Partner of APAC & Associates LLP, was appointed as Scrutinizer by the Board of Directors on 11th May, 2026. Her responsibilities included:

  • Scrutinizing remote e-voting conducted from 14th to 17th September 2026
  • Scrutinizing e-voting system during the AGM
  • Downloading votes from MIPL's e-voting website on 18th September 2026 at 12:57 PM in presence of two witnesses (Divya Arora and Ashirwad Das)
  • Submitting the scrutinizer's report confirming all resolutions passed with requisite majority

The scrutinizer noted that members who abstained from voting were not considered, and body corporates whose authorization resolutions/letters were not received were considered invalid.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circular No. 9/2024 dated 19th September 2024
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated 3rd October 2024
  • SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12th May 2020
  • Regulation 44 of SEBI (LODR) Regulations, 2015

Additional Information

  • NSE Symbol: PPAP
  • The voting results are available on the company website: www.ppapco.in
  • The scrutinizer's report is restricted for use only for submission to stock exchanges and placement on company and MIPL websites