Meeting Details

  • Date: Friday, August 14, 2026
  • Type: 97th Annual General Meeting
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Record Date Shareholders: 673,714
  • Attendance: 2 Promoter/Promoter Group shareholders and 160 Public shareholders attended through Video Conferencing

Proposed Resolutions and Implications

Six resolutions were proposed and approved:

1. Ordinary Resolution: Adoption of audited financial statements and consolidated financial statements for FY ended March 31, 2026

2. Ordinary Resolution: Reappointment of Shri Rajesh Kumar Dhingra (DIN: 03612092) as director retiring by rotation

3. Ordinary Resolution: Appointment of Statutory Auditors

4. Ordinary Resolution: Appointment of Secretarial Auditors

5. Ordinary Resolution: Remuneration to Cost Auditors

6. Special Resolution: Issue of securities through Qualified Institutions Placement

Voting Process and Methods

  • Remote e-voting period: Monday, August 10, 2026 (10:00 AM IST) to Thursday, August 13, 2026 (5:00 PM IST)
  • E-voting during AGM: Conducted at the meeting on August 14, 2026
  • Voting agency: KFin Technologies Limited provided the remote e-voting facility
  • Scrutinizer: Anil Lohia, Chartered Accountant, Partner of M/s. Dayal and Lohia

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 172,815,038 (42.29% of outstanding shares)
  • In favor: 155,487,913 (89.97%)
  • Against: 17,327,125 (10.03%)
  • Category breakdown:
  • Promoter & Promoter Group: 77,488,480 votes (100% in favor)
  • Public-Institutions: 17,015,064 votes (100% against)
  • Public-Non Institutions: 78,311,494 votes (99.60% in favor, 0.40% against)

Resolution 2: Director Reappointment

  • Total votes cast: 172,815,217 (42.29% of outstanding shares)
  • In favor: 172,702,990 (99.94%)
  • Against: 112,227 (0.06%)
  • Member breakdown: 887 members in favor, 65 against

Resolution 3: Statutory Auditors Appointment

  • Total votes cast: 172,815,129 (42.29% of outstanding shares)
  • In favor: 172,703,392 (99.94%)
  • Against: 111,737 (0.06%)
  • Member breakdown: 901 members in favor, 50 against

Resolution 4: Secretarial Auditors Appointment

  • Total votes cast: 172,815,129 (42.29% of outstanding shares)
  • In favor: 172,703,377 (99.94%)
  • Against: 111,752 (0.06%)
  • Member breakdown: 901 members in favor, 50 against

Resolution 5: Cost Auditors Remuneration

  • Total votes cast: 172,816,229 (42.29% of outstanding shares)
  • In favor: 172,504,082 (99.82%)
  • Against: 312,147 (0.18%)
  • Member breakdown: 894 members in favor, 60 against

Resolution 6: QIP Issuance (Special Resolution)

  • Total votes cast: 172,814,962 (42.29% of outstanding shares)
  • In favor: 155,496,640 (89.98%)
  • Against: 17,318,322 (10.02%)
  • Category breakdown:
  • Promoter & Promoter Group: 77,488,480 votes (100% in favor)
  • Public-Institutions: 17,015,064 votes (100% against)
  • Public-Non Institutions: 78,311,418 votes (99.61% in favor, 0.39% against)
  • Member breakdown: 852 members in favor, 96 against

Scrutinizer's Role and Findings

Anil Lohia was appointed scrutinizer to oversee both remote e-voting and e-voting during the AGM. His responsibilities included:

  • Scrutinizing the voting process in a fair and transparent manner
  • Preparing consolidated reports of votes cast for and against each resolution
  • Maintaining electronic data and records until minutes are approved
  • Confirming that members who voted remotely could not vote again during the AGM

The scrutinizer confirmed all resolutions were passed with requisite majority and the voting process complied with Section 108 and 109 of the Companies Act, 2013, Rule 20 and 21 of the Companies (Management and Administration) Rules, 2014, and SEBI LODR Regulations.

Compliance Confirmation

The voting process and results confirmation demonstrate compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014

Additional Information

  • The company had 673,714 shareholders on record date
  • Promoter/Promoter Group held 77,863,424 shares (19.06% of total)
  • Public Institutions held 21,572,252 shares (5.28% of total)
  • Public Non-Institutions held 309,195,518 shares (75.66% of total)
  • Total outstanding shares: 408,631,194