Meeting Details

The 32nd Annual General Meeting was held on 09th September 2026 at 10:00 AM through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting was chaired by Mr. Meleveettil Padmanabhan, Chairman of the Board. The meeting commenced at 10:03 AM and concluded at 10:32 AM.

Proposed Resolutions and Implications

The AGM considered four resolutions:

1. Ordinary Resolution: Adoption of Audited Financial Statements for the year ended 31st March 2026, together with Reports of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Meleveettil Padmanabhan (DIN: 00101997) as Director retiring by rotation

3. Ordinary Resolution: Re-appointment of Mr. V Sriraman (DIN: 00207480) as Wholetime Director for 3 years from 18th May 2026 on nil remuneration

4. Special Resolution: Re-appointment of Mr. KSM Rao (DIN: 02096588) as Independent Director for a second term of 5 years

The Chairman also informed members that pursuant to Section 66 & Section 52 of the Companies Act, 2013, an application has been made to the National Company Law Tribunal (NCLT) for approval of Capital restructuring, which is currently in process.

Voting Process and Methods

The company provided remote e-voting facility through Central Depository Securities Limited (CDSL). The remote e-voting period was from Saturday, 5th September 2026 (9:00 AM) to Tuesday, 8th September 2026 (5:00 PM). For members who had not exercised their vote through remote e-voting, facility to cast their vote electronically was provided during the AGM through CDSL.

Key Voting Outcomes

All resolutions were passed with requisite majority. The cut-off date for determining members entitled to vote was 2nd September 2026.

Resolution-wise Results:

Item No. 1 (Ordinary Resolution):

  • Votes in Favor: 817,168 (99.95%)
  • Votes Against: 400 (0.05%)
  • Total Votes Cast: 817,568

Item No. 2 (Ordinary Resolution):

  • Votes in Favor: 817,668 (99.95%)
  • Votes Against: 400 (0.05%)
  • Total Votes Cast: 818,068

Item No. 3 (Ordinary Resolution):

  • Votes in Favor: 817,668 (99.95%)
  • Votes Against: 400 (0.05%)
  • Total Votes Cast: 818,068

Item No. 4 (Special Resolution):

  • Votes in Favor: 817,668 (99.95%)
  • Votes Against: 400 (0.05%)
  • Total Votes Cast: 818,068

Note: No votes were cast through venue e-voting at the AGM for any resolution.

Scrutinizer's Role and Findings

M/s. Rengarajan and Associates, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize the voting process. Mr. A Rengarajan conducted the scrutiny and confirmed:

  • The e-voting process was conducted in a fair and transparent manner
  • Votes were unblocked in the presence of two independent witnesses (Mrs. G A Sharenya and Ms. Nikkisha Devakumar)
  • The results represent the consolidated voting from both remote e-voting and venue e-voting

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025
  • Regulation 36(1)(b) of SEBI LODR Regulations for communication of AGM details