Prajay Engineers 32nd AGM Voting Results Submission

Meeting Details

The 32nd Annual General Meeting was held on Tuesday, 29 September 2026 at 05:30 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Proposed Resolutions and Implications

Five resolutions were considered:

1. Ordinary Resolution: To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026

2. Special Resolution: To appoint Mr. Ravi Kumar Kutikalapudi (DIN:02789546) who retires by rotation as a director

3. Ordinary Resolution: Appointment of Statutory Auditors M/s. R B Associates, Chartered Accountants for 5 years

4. Ordinary Resolution: Appointment of Secretarial Auditors M/s. G P Reddy & Associates for 5 years (FY 2026-27 to FY 2030-31)

5. Ordinary Resolution: Approval of Related Party Transactions with various group entities

Voting Process and Methods

The company availed e-voting facility offered by Central Depository Services (India) Limited (CDSL). Remote e-voting was open for three days from 26th September 2026 9:00 A.M. to 28th September 2026 5:00 P.M. The cut-off date for determining voting entitlement was 22nd September 2026. E-voting facility was also provided during the AGM for shareholders who hadn't voted remotely.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

Total votes cast: 29,330,467 (41.94% of outstanding shares)
In favor: 29,328,472 votes (99.99%)
Against: 1,995 votes (0.01%)
Promoter participation: 24,915,747 votes (96.81% of promoter holdings)
Public non-institutions participation: 4,414,720 votes (9.98% of public holdings)

Resolution 2: Director Re-appointment

Total votes cast: 29,330,467 (41.94% of outstanding shares)
In favor: 29,328,472 votes (99.99%)
Against: 1,995 votes (0.01%)

Resolution 3: Statutory Auditor Appointment

Total votes cast: 29,330,467 (41.94% of outstanding shares)
In favor: 29,328,472 votes (99.99%)
Against: 1,995 votes (0.01%)

Resolution 4: Secretarial Auditor Appointment

Total votes cast: 29,330,467 (41.94% of outstanding shares)
In favor: 29,328,472 votes (99.99%)
Against: 1,995 votes (0.01%)

Resolution 5: Related Party Transactions

Total votes cast: 4,414,720 (9.98% of outstanding shares)
In favor: 4,387,725 votes (99.39%)
Against: 26,995 votes (0.61%)
Promoter participation: 0 votes (0% - promoters abstained as they were interested parties)
Invalid votes: 24,915,747 promoter votes considered invalid/abstained

Scrutinizer's Role and Findings

PCR & Associates, Cost Accountants, Hyderabad was appointed as scrutinizer. They confirmed:

The remote e-voting and e-voting during AGM was scrutinized based on reports generated by CDSL
Votes were unblocked in the presence of two witnesses not employed by the company
All resolutions were passed
For Resolution 5, 4 members abstained with 24,915,747 votes (promoter votes considered invalid)

Compliance Confirmation

The submission confirms compliance with:

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