Meeting Details

The 32nd Annual General Meeting was held on Friday, August 14, 2026, through video conferencing/other audio-visual means. The total number of shareholders on the record date was 4,426,681.

Shareholder Participation

  • Promoters and Promoter Group: 3 shareholders attended through video conferencing
  • Public shareholders: 174 attended through video conferencing
  • Total shareholders present either in person or through proxy: Not specified

Proposed Resolutions and Implications

Seven 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: Re-appointment of Shri Sachin Mohapatra (DIN: 07791421) as Director retiring by rotation

3. Ordinary Resolution: Appointment of Statutory Auditors and fixing their remuneration

4. Ordinary Resolution: Remuneration to Cost Auditors

5. Special Resolution: Appointment of Dr. Avinash Gupta (DIN: 02784546) as an Independent Director

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

7. Special Resolution: Issue of Non-Convertible Debentures

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from 10:00 AM (IST) on Monday, August 10, 2026, to 5:00 PM (IST) on Thursday, August 13, 2026
  • E-voting during the AGM: Conducted on August 14, 2026

KFin Technologies Limited was appointed as the agency to provide remote e-voting facility.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 1,667,936,559 (40.33% of outstanding shares)
  • Votes in favor: 1,336,822,201 (80.15%)
  • Votes against: 331,114,358 (19.85%)
  • Shareholder participation: 2,681 members

Resolution 2: Re-appointment of Director

  • Total votes cast: 1,753,995,335 (42.41% of outstanding shares)
  • Votes in favor: 1,739,753,209 (99.19%)
  • Votes against: 14,242,126 (0.81%)
  • Shareholder participation: 2,679 members

Resolution 3: Appointment of Statutory Auditors

  • Total votes cast: 1,754,005,776 (42.41% of outstanding shares)
  • Votes in favor: 1,753,760,682 (99.99%)
  • Votes against: 245,094 (0.01%)
  • Shareholder participation: 2,687 members

Resolution 4: Remuneration to Cost Auditors

  • Total votes cast: 1,754,000,232 (42.41% of outstanding shares)
  • Votes in favor: 1,753,745,347 (99.99%)
  • Votes against: 254,885 (0.01%)
  • Shareholder participation: 2,685 members

Resolution 5: Appointment of Independent Director

  • Total votes cast: 1,754,000,168 (42.41% of outstanding shares)
  • Votes in favor: 1,753,594,152 (99.98%)
  • Votes against: 406,016 (0.02%)
  • Shareholder participation: 2,682 members

Resolution 6: Qualified Institutions Placement

  • Total votes cast: 1,754,009,834 (42.41% of outstanding shares)
  • Votes in favor: 1,438,610,810 (82.02%)
  • Votes against: 315,399,024 (17.98%)
  • Shareholder participation: 2,676 members

Resolution 7: Non-Convertible Debentures

  • Total votes cast: 1,753,999,984 (42.41% of outstanding shares)
  • Votes in favor: 1,607,301,331 (91.64%)
  • Votes against: 146,698,653 (8.36%)
  • Shareholder participation: 2,672 members

Category-wise Voting Breakdown

Detailed category-wise voting results are provided for each resolution, breaking down votes by:

  • Promoter and Promoter Group
  • Public Institutions
  • Public Non-Institutions

Each category shows voting through different methods (e-voting, poll, postal ballot) with exact share counts and percentages.

Scrutinizer's Role and Findings

Anil Lohia, Chartered Accountant and Partner of Dayal and Lohia, was appointed as scrutinizer to scrutinize both the remote e-voting process and e-voting during the AGM. The scrutinizer confirmed:

  • Separate reports were issued for remote e-voting and e-voting during the AGM
  • All resolutions were passed with requisite majority
  • Electronic data and records have been kept in safe custody until minutes are approved
  • The management is responsible for compliance with Act, Rules and SEBI LODR Regulations

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Section 109 of the Companies Act, 2013 read with Rule 21 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

The document includes detailed tables showing exact vote counts, percentages, and shareholder participation numbers for each resolution, including invalid votes and abstentions where applicable.