Meeting Details

The 40th Annual General Meeting was held on Thursday, 23rd July 2026 through Video Conferencing. The meeting commenced at 11:00 a.m. and concluded at 12:05 p.m.

Voting Results Summary

All five resolutions proposed at the AGM were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Description: Adoption of audited financial statements for financial year ended 31st March 2026, together with Board's Report and Auditors' Report
  • Result: Passed
  • Total Votes Polled: 16,308,395 shares (49.22% of outstanding shares)
  • Votes in Favor: 16,305,726 shares (99.98% of votes polled)
  • Votes Against: 2,669 shares (0.02% of votes polled)

Resolution 2: Reappointment of Director

  • Type: Ordinary Resolution
  • Description: Reappointment of Mr. R. Varadarajan (DIN: 00001738) as Director retiring by rotation
  • Result: Passed
  • Total Votes Polled: 16,307,295 shares (49.21% of outstanding shares)
  • Votes in Favor: 16,300,609 shares (99.96% of votes polled)
  • Votes Against: 6,686 shares (0.04% of votes polled)
  • Note: 1,100 votes were cast by related parties and not considered in results

Resolution 3: Appointment of Statutory Auditors

  • Type: Ordinary Resolution
  • Description: Appointment of M/s. Karthikeyan & Jayaram, Chartered Accountants, Coimbatore as Statutory Auditors for five financial years from 2026-27 to 2030-31
  • Result: Passed
  • Total Votes Polled: 16,308,395 shares (49.22% of outstanding shares)
  • Votes in Favor: 16,301,724 shares (99.96% of votes polled)
  • Votes Against: 6,671 shares (0.04% of votes polled)

Resolution 4: Reappointment as Wholetime Director

  • Type: Special Resolution
  • Description: Reappointment of Mr. R. Varadarajan (DIN: 00001738) as Wholetime Director for five years effective from 5th June 2026
  • Result: Passed
  • Total Votes Polled: 16,307,395 shares (49.21% of outstanding shares)
  • Votes in Favor: 16,300,709 shares (99.96% of votes polled)
  • Votes Against: 6,686 shares (0.04% of votes polled)
  • Note: 1,100 votes were cast by related parties and not considered in results

Resolution 5: Ratification of Cost Auditors' Remuneration

  • Type: Ordinary Resolution
  • Description: Ratification of remuneration payable to M/s. S. Mahadevan & Co., Cost Auditors for financial year ending 31st March 2027
  • Result: Passed
  • Total Votes Polled: 16,308,395 shares (49.22% of outstanding shares)
  • Votes in Favor: 16,301,724 shares (99.96% of votes polled)
  • Votes Against: 6,671 shares (0.04% of votes polled)

Scrutinizer Details

Mr. B. Krishnamoorthi, Chartered Accountant (Membership No. 20439) was appointed as Scrutinizer for the e-voting process. The remote e-voting was conducted through National Securities Depository Limited (NSDL) from Monday, 20th July 2026 at 9:00 A.M to Wednesday, 22nd July 2026 at 5:00 P.M.

Shareholding Pattern

Total outstanding shares: 33,135,606 shares

  • Promoter and Promoter Group: 13,492,021 shares (40.72%)
  • Public Institutions: 954,269 shares (2.88%)
  • Public Non-Institutions: 18,689,316 shares (56.40%)