Meeting Details

The 14th Annual General Meeting of equity shareholders was held on Wednesday, September 23, 2026 at 03:00 p.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The record date for determining shareholders entitled to vote was Wednesday, September 16, 2026.

Proposed Resolutions and Implications

The meeting considered four resolutions:

1. Ordinary Business - Resolution 1: Adoption of the standalone financial statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon

2. Ordinary Business - Resolution 2: Declaration of final dividend of Rs. 0.25 (Rupees Twenty-Five Paise only) per equity share of face value of Rs. 5/- each, being 5% of the face value of the equity shares of the Company, for the financial year ended March 31, 2026

3. Ordinary Business - Resolution 3: Appointment of a director, in place of Mr. Munish Jhajharia (DIN: 01108077), Non-Executive Director, who retires by rotation and being eligible, offers himself for re-appointment

4. Special Business - Resolution 4: Approval of Remuneration by way of Commission to Independent Directors

Voting Process and Methods

The Company availed services of MUFG Intime India Private Limited for remote e-voting and e-voting during the AGM. The remote e-voting period commenced on Sunday, September 20, 2026 at 09:00 AM IST and ended on Tuesday, September 22, 2026 at 5:00 PM IST. The e-voting platform was re-opened during the AGM for members who had not cast their votes through remote e-voting.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 52,093
  • Number of shareholders present in the meeting: Nil
  • Number of shareholders attended through Video Conferencing: Total (60)
  • Promoters and promoters' group: 7
  • Public: 53
  • Total votes cast represented 72.5412% of outstanding shares

Resolution-wise Results:

Resolution 1: Adoption of Financial Statements

  • Total votes in favor: 74,712,991 (100.0000% of votes polled)
  • Total votes against: 3 (0.0000% of votes polled)
  • Category-wise breakdown:
  • Promoter and Promoter Group: 7,326,394 votes (100.0000% in favor)
  • Public Institution: 954,266 votes (100.0000% in favor)
  • Public Non-Institution: 494,788 votes (99.9994% in favor, 0.0006% against)

Resolution 2: Declaration of Final Dividend

  • Total votes in favor: 74,712,229 (99.9991% of votes polled)
  • Total votes against: 703 (0.0009% of votes polled)
  • Category-wise breakdown:
  • Promoter and Promoter Group: 7,326,394 votes (100.0000% in favor)
  • Public Institution: 954,266 votes (100.0000% in favor)
  • Public Non-Institution: 494,788 votes (99.8579% in favor, 0.1421% against)

Resolution 3: Re-appointment of Director

  • Total votes in favor: 74,710,686 (99.9969% of votes polled)
  • Total votes against: 2,308 (0.0031% of votes polled)
  • Category-wise breakdown:
  • Promoter and Promoter Group: 7,326,394 votes (100.0000% in favor)
  • Public Institution: 954,266 votes (100.0000% in favor)
  • Public Non-Institution: 494,788 votes (99.5335% in favor, 0.4665% against)

Resolution 4: Approval of Remuneration to Independent Directors

  • Total votes in favor: 74,712,686 (99.9996% of votes polled)
  • Total votes against: 308 (0.0004% of votes polled)
  • Category-wise breakdown:
  • Promoter and Promoter Group: 7,326,394 votes (100.0000% in favor)
  • Public Institution: 954,266 votes (100.0000% in favor)
  • Public Non-Institution: 494,788 votes (99.9378% in favor, 0.0622% against)

Scrutinizer's Role and Findings

Nitu Poddar, Partner of Vinod Kothari & Company, Practicing Company Secretaries (Membership No. ACS A37398/C.P. No. 15113), was appointed as Scrutinizer by the Board of Directors at its meeting held on August 14, 2026. The scrutinizer:

  • Scrutinized and reviewed votes cast through remote e-voting and e-voting during the AGM
  • Maintained a register with necessary entries in accordance with the Rules
  • Certified that all resolutions were passed with requisite majority
  • Will hand over electronic data and relevant records to the Company Secretary after the Chairperson approves and signs the minutes of the AGM

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars including No. 14/2020, No. 17/2020, No. 20/2020, and No. 03/2025

Additional Information