Meeting Details

  • Date of AGM: 16th September 2026
  • Type of Meeting: 39th Annual General Meeting (AGM)
  • Location/Format: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: Wednesday, 9th September 2026
  • Total Number of Shareholders on Record Date: 185,193
  • Number of Shareholders Present in Meeting (VC/OAVM): 61
  • Promoter or Promoter Group: 15
  • Public: 46

Summary of Proposed Resolutions and Voting Outcomes

All resolutions set out in the notice calling the AGM were passed with the requisite majority and are deemed passed on the date of the AGM, 16th September 2026.

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Description: To receive, consider, and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors.
  • Promoter Interest: No
  • Total Votes Cast: 85,588,642
  • Votes in Favour: 85,588,277 (100.00% of votes polled)
  • Votes Against: 29 (0.00% of votes polled)
  • % of Votes Polled on Outstanding Shares: 77.4127%

Resolution 2: Declaration of Final Dividend (Ordinary Resolution)

  • Description: To declare a final dividend of Re. 1/- (Rupee One) per equity share of face value Rs. 10/- each for the Financial Year ended March 31, 2026.
  • Promoter Interest: No
  • Total Votes Cast: 85,588,328
  • Votes in Favour: 85,588,302 (100.00% of votes polled)
  • Votes Against: 26 (0.00% of votes polled)
  • % of Votes Polled on Outstanding Shares: 77.4127%

Resolution 3: Re-appointment of Director (Ordinary Resolution)

  • Description: To appoint a Director in place of Mr. Vipul J. Chheda (DIN: 00013234), who retires by rotation and offers himself for re-appointment.
  • Promoter Interest: Yes
  • Total Votes Cast: 64,828,006
  • Votes in Favour: 64,682,570 (99.78% of votes polled)
  • Votes Against: 145,436 (0.22% of votes polled)
  • % of Votes Polled on Outstanding Shares: 58.6355%
  • Note: Mr. Vipul J. Chheda (8,304,121 shares) & related family trusts (Peace: 5,190,076; Unity: 4,152,061; Harmony: 3,114,045 shares) voted for the resolution; these votes were not counted in the final tally.

Resolution 4: Re-appointment of Auditors (Ordinary Resolution)

  • Description: To re-appoint M/s. N.A. Shah Associates LLP, Chartered Accountants, as the Auditors of the Company.
  • Promoter Interest: No
  • Total Votes Cast: 85,588,312
  • Votes in Favour: 85,588,035 (100.00% of votes polled)
  • Votes Against: 277 (0.00% of votes polled)
  • % of Votes Polled on Outstanding Shares: 77.4127%

Resolution 5: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Description: Ratification of remuneration payable to Ms. Ketki D. Visariya as the Cost Auditor of the Company for FY 2026-2027.
  • Promoter Interest: No
  • Total Votes Cast: 85,588,315
  • Votes in Favour: 85,587,926 (100.00% of votes polled)
  • Votes Against: 389 (0.00% of votes polled)
  • % of Votes Polled on Outstanding Shares: 77.4127%

Resolution 6: Reappointment of Chairman & Managing Director (Special Resolution)

  • Description: To reappoint Mr. Jayant S. Chheda (DIN: 00013206) as the Chairman and Managing Director.
  • Promoter Interest: Yes
  • Total Votes Cast: 77,735,913
  • Votes in Favour: 77,040,678 (99.11% of votes polled)
  • Votes Against: 695,235 (0.89% of votes polled)
  • % of Votes Polled on Outstanding Shares: 70.3104%
  • Note: Mr. Jayant S. Chheda (6,652,405 shares) & VS Family Trust (1,200,000 shares) voted for the resolution; these votes were not counted.

Resolution 7: Reappointment of Whole-Time Director (Special Resolution)

  • Description: To re-appoint Mr. Parag S. Chheda (DIN: 00013222) as a Whole-Time Director designated as a Joint Managing Director.
  • Promoter Interest: Yes
  • Total Votes Cast: 64,828,018
  • Votes in Favour: 63,461,123 (97.89% of votes polled)
  • Votes Against: 1,366,895 (2.11% of votes polled)
  • % of Votes Polled on Outstanding Shares: 58.6355%
  • Note: Mr. Parag S. Chheda (12,456,182 shares) & Sunflower Family Trust (8,304,121 shares) voted for the resolution; these votes were not counted.

Resolution 8: Reappointment of Executive Director (Special Resolution)

  • Description: To re-appoint Mr. Vipul J. Chheda (DIN: 00013234) as a Whole-Time Director designated as an Executive Director.
  • Promoter Interest: Yes
  • Total Votes Cast: 64,828,021
  • Votes in Favour: 64,682,111 (99.77% of votes polled)
  • Votes Against: 145,910 (0.23% of votes polled)
  • % of Votes Polled on Outstanding Shares: 58.6355%
  • Note: Mr. Vipul J. Chheda (8,304,121 shares) & related family trusts (Peace: 5,190,076; Unity: 4,152,061; Harmony: 3,114,045 shares) voted for the resolution; these votes were not counted.

Resolution 9: Increase in Remuneration (Ordinary Resolution)

  • Description: To re-appoint and increase the remuneration payable to Mrs. Heena P. Chheda, holding an office of profit.
  • Promoter Interest: Yes
  • Total Votes Cast: 18,210,466
  • Votes in Favour: 12,468,121 (68.47% of votes polled)
  • Votes Against: 5,742,345 (31.53% of votes polled)
  • % of Votes Polled on Outstanding Shares: 16.4710%
  • Note: Promoter & Promoter group (67,377,859 shares) voted for the resolution; these votes were not counted.

Resolution 10: Increase in Remuneration (Ordinary Resolution)

  • Description: To re-appoint and increase the remuneration payable to Mr. N.P. Chheda, holding an office of profit.
  • Promoter Interest: Yes
  • Total Votes Cast: 18,210,468
  • Votes in Favour: 11,102,265 (60.97% of votes polled)
  • Votes Against: 7,108,203 (39.03% of votes polled)
  • % of Votes Polled on Outstanding Shares: 16.4710%
  • Note: Promoter & Promoter group (67,377,859 shares) voted for the resolution; these votes were not counted.

Voting Process and Methods

  • Voting Methods: Remote e-voting and e-voting during the AGM.
  • Remote e-Voting Period: Started on Sunday, 13th September 2026 at 09:00 AM IST and ended on Tuesday, 15th September 2026 at 05:00 PM IST.
  • E-Voting Platform: Provided by National Securities Depository Limited (NSDL).
  • Scrutinizer: Sanjay Dholakia & Associates, represented by Mr. Sanjay Dholakia (FCS-2655).

Scrutinizer's Role and Findings

Mr. Sanjay Dholakia was appointed as the Scrutinizer for the remote e-voting process and e-voting during the AGM. His responsibilities included ensuring a fair and transparent process and reporting the votes cast for and against the resolutions based on reports from the NSDL e-voting platform. He received a complete record of votes cast through electronic mode and scrutinized them. The scrutinizer confirmed that all resolutions secured the requisite majority of votes and recommended that the Chairman declare the result of voting accordingly. The scrutinizer's report is dated 17th September 2026.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Relevant General Circulars issued by the Ministry of Corporate Affairs (MCA).
  • Relevant Circulars issued by the Securities and Exchange Board of India (SEBI).

Additional Information

  • A copy of the voting results and scrutinizer's report has been uploaded on the company's website at www.princepipes.com.
  • The company's registered office is at Survey No. 132/1/1/3, Athal road, Village Athal, Naroli, Silvassa, Dadra Nagar Haveli, India – 396235.
  • The corporate office is at The Ruby, 8th Floor; 29, Senapati Bapat Marg (Tulsi Pipe Road), Dadar (W), Mumbai - 400 028; Maharashtra, India.