Meeting Details

The 45th Annual General Meeting was held on 30th September, 2026 at 12:30 PM IST through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Proposed Resolutions and Implications

Five ordinary resolutions were proposed for shareholder approval:

1. Adoption of audited financial statements for the financial year ended 31st March, 2026 together with reports of Board of Directors and Auditors

2. Approval of payment of dividend of ₹1.80 per equity share of ₹10 each (18%) for FY 2025-26

3. Re-appointment of Shri Kanha Agarwal (DIN: 06885529) as director who retires by rotation

4. Appointment of M/s. SGAJ & Associates as statutory auditors and fixation of their remuneration

5. Ratification of remuneration of cost auditors

Voting Process and Methods

The voting process utilized both remote e-voting and venue e-voting during the AGM:

  • Remote e-voting was conducted through CDSL's facility offered via RTA Skyline Financial Services Pvt. Ltd.
  • Remote e-voting period: 27th September, 2026 (09:00 a.m.) to 29th September, 2026 (05:00 p.m.)
  • Cut-off date for determining voting eligibility: 23rd September, 2026
  • Shareholders present at the AGM who hadn't voted remotely were allowed to vote through e-voting during the AGM within 15 minutes of conclusion
  • No invalid votes were recorded in the process

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 244 members representing 77,484,062 equity shares (100%)
  • Votes in favor: 197 members (92.963% by value - 72,031,305 shares)
  • Votes against: 47 members (7.037% by value - 5,452,757 shares)

Resolution 2: Dividend Approval

  • Total votes cast: 245 members representing 77,589,391 equity shares (100%)
  • Votes in favor: 229 members (99.996% by value - 77,586,898 shares)
  • Votes against: 16 members (0.004% by value - 2,493 shares)

Resolution 3: Re-appointment of Director

  • Total votes cast: 245 members representing 77,589,391 equity shares (100%)
  • Votes in favor: 199 members (94.038% by value - 72,963,523 shares)
  • Votes against: 46 members (5.962% by value - 4,625,868 shares)

Resolution 4: Appointment of Statutory Auditors

  • Total votes cast: 245 members representing 77,589,391 equity shares (100%)
  • Votes in favor: 228 members (99.997% by value - 77,586,896 shares)
  • Votes against: 17 members (0.003% by value - 2,495 shares)

Resolution 5: Ratification of Cost Auditors' Remuneration

  • Total votes cast: 245 members representing 77,589,391 equity shares (100%)
  • Votes in favor: 228 members (99.997% by value - 77,586,896 shares)
  • Votes against: 17 members (0.003% by value - 2,495 shares)

Scrutinizer's Role and Findings

Bhoopendra Kumar Bohra, Proprietor of M/s. BK Bohra & Associates, Company Secretaries, was appointed as Scrutinizer. His responsibilities included ensuring fair and transparent voting processes for both remote e-voting and venue voting. He confirmed that all voting processes were properly conducted and that there were no invalid votes. The scrutinizer will retain all voting records until the Chairperson approves and signs the meeting minutes, after which they will be handed over to the Company Secretary for safekeeping.

Compliance Confirmation

The report confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars: No. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 2/2022, 10/2022, 09/2023, 09/2024, and 03/2025
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant SEBI Circulars