Meeting Details

The approval was sought through postal ballot notice dated 03rd July, 2026, with remote e-voting conducted without a physical meeting. The voting period commenced from Friday, 10th July, 2026 at 9:00 AM (IST) to Saturday, 08th August, 2026 at 5:00 PM (IST).

Proposed Resolution

The single resolution proposed was: "Approval for the appointment of Mr. Kashyap Ashwinbhai Shah (DIN: 02167256) as an independent director of the company for the first term of 5 consecutive years." This was classified as special business requiring a special resolution.

Voting Process and Methods

The company utilized electronic voting (remote e-voting) services provided by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited). The Board of Directors appointed TNT & Associates, Practicing Company Secretaries, as the Scrutinizer for the e-voting process through a circular resolution passed on 3rd July, 2026.

Key Voting Outcomes

Overall Results:

  • Total outstanding shares: 71,426,681
  • Total votes cast: 35,446,046 (49.6258% of outstanding shares)
  • Votes in favor: 35,437,773 (99.9767% of votes cast)
  • Votes against: 8,273 (0.0233% of votes cast)

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 32,490,016
  • Votes polled: 32,489,750 (99.9992% of shares held)
  • Votes in favor: 32,489,750 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Institutions:

  • Shares held: 4,113,406
  • Votes polled: 1,052,351 (25.5834% of shares held)
  • Votes in favor: 1,052,351 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)

Public Non-Institutions:

  • Shares held: 34,823,259
  • Votes polled: 1,903,945 (5.4675% of shares held)
  • Votes in favor: 1,895,672 (99.5655% of votes polled)
  • Votes against: 8,273 (0.4345% of votes polled)

Scrutinizer's Role and Findings

TNT & Associates carried out scrutiny of the electronic votes and submitted their report dated 10th August, 2026. The scrutinizer reported:

  • 163 members voted in favor with 35,437,773 shares (99.98% of valid votes)
  • 12 members voted against with 8,273 shares (0.02% of valid votes)
  • 0 invalid votes cast
  • Two members voted partially (one member holding 1,000 shares voted for 10 shares; another holding 177 shares voted for 1 share)
  • Three members holding aggregate 11,861 shares abstained from voting

The scrutinizer confirmed that the electronic data and all relevant records relating to e-voting are under their safe custody and will be handed over to the Company Secretary for safe keeping.

Compliance Confirmation

The document confirms compliance with Sections 108 and 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014 (as amended), Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars including General Circular Nos. 14/2020, 17/2020, and 03/2025.