Meeting Details

The 7th Annual General Meeting was held on Friday, 25th September 2026 at 05:00 PM (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was convened to seek shareholder approval on resolutions set out in the Notice of Annual General Meeting dated 10th August 2026.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026 with Board and Auditor reports

2. Reappointment of Mrs. Deepali Dalmia (DIN: 00017415) as Director retiring by rotation

3. Ratification of remuneration payable to Cost Auditors

4. Approval of Material Related Party Transaction(s) with Semac Construction Limited

Voting Process and Methods

The company provided two voting methods:

  • Remote e-voting through MUFG Intime India Private Limited's platform from 22nd September (9:00 AM) to 24th September 2026 (5:00 PM)
  • E-voting facility during the AGM for shareholders present through VC/OAVM who hadn't voted remotely

The company appointed Mr. M D Selvaraj, FCS, Managing Partner of MDS & Associates LLP, as Scrutinizer to conduct the voting process fairly and transparently.

Key Voting Outcomes

Resolution 1 - Financial Statements Adoption

  • Total valid votes: 19,04,391 shares (100%)
  • Votes in favor: 18,70,658 shares (98.23%)
  • Votes against: 33,733 shares (1.77%)
  • RESULT: PASSED

Resolution 2 - Director Reappointment

  • Total valid votes: 19,04,391 shares (100%)
  • Votes in favor: 18,70,658 shares (98.23%)
  • Votes against: 33,733 shares (1.77%)
  • Remote e-voting: 17 members (18,70,657 shares) in favor, 5 members (33,733 shares) against
  • E-voting at AGM: 1 member (1 share) in favor
  • RESULT: PASSED

Resolution 3 - Cost Auditor Remuneration

  • Total valid votes: 19,04,391 shares (100%)
  • Votes in favor: 18,70,658 shares (98.23%)
  • Votes against: 33,733 shares (1.77%)
  • RESULT: PASSED

Resolution 4 - Related Party Transaction

  • Total valid votes: 60,449 shares (100%)
  • Votes in favor: 16,163 shares (26.74%)
  • Votes against: 44,286 shares (73.26%)
  • Note: 2 shareholders (related parties/promoters) holding 18,43,942 equity shares abstained from voting
  • RESULT: NOT PASSED (requisite majority not obtained)

Scrutinizer's Role and Findings

Mr. M D Selvaraj unblocked the votes on 25th September 2026 at 6:32 PM IST in the presence of two independent witnesses (Mr. Selten Jayaraj A and Ms. Vinothini S). The scrutinizer maintained registers and generated detailed reports from the e-voting portal, confirming the voting process complied with applicable regulations.

Compliance Confirmation

The voting process was conducted in accordance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA circulars for conducting AGM through VC/OAVM

Additional Information

The complete voting results and scrutinizer's report are available on the company's website and MUFG Intime India Private Limited's website. The company's registered office is at 331, Pollachi Road, Coimbatore - 641 050, with CIN L74999TZ2020PLC033369.