Meeting Details

  • Meeting Type: 42nd Annual General Meeting
  • Date: Thursday, September 24, 2026
  • Time: 10:30 AM to 11:21 AM IST
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: September 18, 2026

Proposed Resolutions and Outcomes

All 10 resolutions set out in the AGM Notice dated August 13, 2026 were passed with requisite majority:

Item No. 1 - Ordinary Resolution: Adoption of Financial Statements

  • Total Valid Votes: 22,98,00,366 (100%)
  • Votes in Favor: 22,97,99,075 (99.9994%)
  • Votes Against: 1,291 (0.0006%)

Item No. 2 - Ordinary Resolution: Final Dividend Declaration @350% (₹3.50 per share)

  • Total Valid Votes: 22,98,00,366 (100%)
  • Votes in Favor: 22,97,99,033 (99.9994%)
  • Votes Against: 1,333 (0.0006%)
  • Note: One shareholder voted partially in favor and partially against

Item No. 3 - Ordinary Resolution: Re-appointment of Mr. Gaurav Kumaar Dua (DIN: 09674786)

  • Total Valid Votes: 22,98,00,366 (100%)
  • Votes in Favor: 22,96,84,795 (99.9497%)
  • Votes Against: 1,15,571 (0.0503%)
  • Note: Six shareholders voted partially in favor and partially against

Item No. 4 - Ordinary Resolution: Re-appointment of Mr. Sushil Batra (DIN: 09351823)

  • Total Valid Votes: 22,98,00,366 (100%)
  • Votes in Favor: 22,96,84,796 (99.9497%)
  • Votes Against: 1,15,570 (0.0503%)
  • Note: Six shareholders voted partially in favor and partially against

Item No. 5 - Special Resolution: Re-appointment of Mr. Nikhil Dua (DIN: 00157919) as Whole-time Director

  • Total Valid Votes: 22,08,56,692 (100%)
  • Votes in Favor: 21,38,34,107 (96.8203%)
  • Votes Against: 70,22,585 (3.1797%)
  • Note: Four shareholders voted partially in favor and partially against

Item No. 6 - Special Resolution: Re-appointment of Mr. Gaurav Kumaar Dua as Co-CEO & Whole-time Director

  • Total Valid Votes: 22,04,56,692 (100%)
  • Votes in Favor: 22,03,01,211 (99.9295%)
  • Votes Against: 1,55,481 (0.0705%)
  • Note: Five shareholders voted partially in favor and partially against

Item No. 7 - Special Resolution: Re-appointment of Mr. Sushil Batra as Executive Director

  • Total Valid Votes: 22,97,70,366 (100%)
  • Votes in Favor: 22,96,14,289 (99.9321%)
  • Votes Against: 1,56,077 (0.0679%)
  • Note: Mr. Sushil Batra's votes were not considered (interested party)
  • Note: Five shareholders voted partially in favor and partially against
  • Invalid Votes: 15,000

Item No. 8 - Ordinary Resolution: Re-appointment of Mr. Ritesh Dua as Co-CEO

  • Total Valid Votes: 22,05,56,692 (100%)
  • Votes in Favor: 21,38,85,953 (96.9755%)
  • Votes Against: 66,70,739 (3.0245%)
  • Note: Four shareholders voted partially in favor and partially against

Item No. 9 - Ordinary Resolution: Re-appointment of Mr. Nitin Dua as Executive VP (Retail)

  • Total Valid Votes: 22,07,06,692 (100%)
  • Votes in Favor: 21,40,35,426 (96.9773%)
  • Votes Against: 66,71,266 (3.0227%)
  • Note: Four shareholders voted partially in favor and partially against

Item No. 10 - Ordinary Resolution: Re-appointment of Mr. Rahul Dua as Executive VP (Manufacturing)

  • Total Valid Votes: 22,04,56,692 (100%)
  • Votes in Favor: 21,37,85,953 (96.9741%)
  • Votes Against: 66,70,739 (3.0259%)
  • Note: Four shareholders voted partially in favor and partially against

Voting Process and Methodology

  • Remote e-voting period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)
  • E-voting during AGM: InstaPoll facility for members attending via VC/OAVM who hadn't voted remotely
  • Service Provider: KFin Technologies Limited
  • Scrutinizer: Mr. Baldev Singh Kashtwal (Practicing Company Secretary, CP No. 3169, FRN: I1999DE144000)
  • Votes unblocked: September 24, 2026 at 11:21 AM in presence of two witnesses (Ms. Meghna and Mr. Nitin)

Shareholder Participation

  • Total shareholders on record date: 226,635
  • Promoters & Promoter Group attending via VC: 7
  • Public shareholders attending via VC: 103
  • Total votes cast by electronic mode: 336 members representing 22,98,00,366 shares

Category-wise Voting Breakdown (Key Resolutions)

Dividend Resolution (Item 2)

  • Promoters: 177,413,074 votes (100% in favor)
  • Public Institutions: 30,858,301 votes (100% in favor)
  • Public Non-Institutions: 21,528,991 votes (99.9938% in favor, 0.0062% against)

Director Reappointment (Item 3 - Gaurav Dua)

  • Promoters: 177,413,074 votes (100% in favor)
  • Public Institutions: 30,858,301 votes (99.6307% in favor, 0.3693% against)
  • Public Non-Institutions: 21,528,991 votes (99.9926% in favor, 0.0074% against)

Whole-time Director Reappointment (Item 5 - Nikhil Dua)

  • Promoters: 168,469,400 votes (100% in favor)
  • Public Institutions: 30,858,301 votes (77.2477% in favor, 22.7523% against)
  • Public Non-Institutions: 21,528,991 votes (99.9925% in favor, 0.0075% against)

Scrutinizer's Role and Findings

Mr. Baldev Singh Kashtwal was appointed by the Board of Directors at their meeting on August 13, 2026. His responsibilities included scrutinizing the entire voting process and preparing a consolidated report. He confirmed:

  • All procedures complied with Companies Act, 2013 and SEBI LODR Regulations
  • Soft copies of voting registers are maintained
  • No shareholder used both remote e-voting and e-voting during AGM
  • All records will remain in his custody until minutes are approved

Compliance and Disclosure

  • AGM Notice dispatched: August 31, 2026 to 224,627 members via email
  • Physical letters sent: September 21, 2026 to 3,424 members without email registration
  • Public notice published: September 1, 2026 in Financial Express (English) and Jansatta (Hindi)
  • Documents filed with BSE and NSE on August 31, 2026