RHI Magnesita India 16th AGM Voting Results Approval

Meeting Details

Date of Meeting: Tuesday, September 29, 2026
Time: 11:00 A.M. (IST)
Location: Conducted through Video Conference (VC)/Other Audio-Visual Means (OAVM)
Meeting Type: 16th Annual General Meeting
Record Date: September 22, 2026
Notice Date: August 14, 2026

Proposed Resolutions and Implications

The AGM considered 10 resolutions covering ordinary and special business:

Ordinary Business

1. Adoption of audited standalone financial statements for the financial year ended March 31, 2026

2. Adoption of audited consolidated financial statements for the financial year ended March 31, 2026

3. Declaration of final dividend on equity shares for the financial year ended March 31, 2026

4. Appointment of Mr. Parmod Sagar (DIN: Not provided) who retires by rotation as Director

5. Appointment of Mr. Gustavo Lucio Goncalves Franco (DIN: 08754857) who retires by rotation as Director

Special Business

6. Appointment of Mr. Pankaj Malhan (DIN: 08516185) as Director of the Company

7. Appointment of Mr. Pankaj Malhan (DIN: 08516185) as Managing Director and Chief Executive Officer of the Company (Special Resolution)

8. Appointment of Statutory Auditor to fill casual vacancy

9. Appointment of Statutory Auditors

10. Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2026

Voting Process and Methods

Remote e-voting period: Commenced on Saturday, September 26, 2026 at 9:00 a.m. and ended on Monday, September 28, 2026 at 5:00 p.m.
E-voting facility: Provided by National Securities Depository Limited (NSDL)
Voting methods: Remote e-voting prior to meeting and e-voting during the AGM for shareholders present through VC/OAVM who hadn't voted remotely
Cut-off date: September 22, 2026 for shareholder eligibility
Total shareholders on record date: 66,937

Key Voting Outcomes

Overall Participation

Total shares outstanding: 206,501,426
Total votes polled: 151,182,762 (73.2115% of outstanding shares)
Shareholder attendance through VC: 38 shareholders (3 Promoter & Promoter Group, 35 Public)

Resolution-wise Results

Resolution 1: Adoption of Standalone Financial Statements

Total votes polled: 151,175,336 (73.2079%)
In favor: 151,105,109 (99.9535% of votes polled)
Against: 70,227 (0.0465% of votes polled)
Result: Passed

Resolution 2: Adoption of Consolidated Financial Statements

Total votes polled: 151,175,336 (73.2079%)
In favor: 151,105,109 (99.9535% of votes polled)
Against: 70,227 (0.0465% of votes polled)
Result: Passed

Resolution 3: Declaration of Final Dividend

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,179,592 (99.9979% of votes polled)
Against: 3,170 (0.0021% of votes polled)
Result: Passed

Resolution 4: Appointment of Parmod Sagar as Director

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,063,547 (99.9211% of votes polled)
Against: 119,215 (0.0789% of votes polled)
Result: Passed

Resolution 5: Appointment of Gustavo Lucio Goncalves Franco as Director

Total votes polled: 151,182,762 (73.2115%)
In favor: 150,938,392 (99.8384% of votes polled)
Against: 244,370 (0.1616% of votes polled)
Result: Passed

Resolution 6: Appointment of Pankaj Malhan as Director

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,085,063 (99.9354% of votes polled)
Against: 97,699 (0.0646% of votes polled)
Result: Passed

Resolution 7: Appointment of Pankaj Malhan as MD & CEO (Special Resolution)

Total votes polled: 151,182,762 (73.2115%)
In favor: 149,423,134 (98.8361% of votes polled)
Against: 1,759,628 (1.1639% of votes polled)
Result: Passed

Resolution 8: Appointment of Statutory Auditor to Fill Casual Vacancy

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,111,050 (99.9526% of votes polled)
Against: 71,712 (0.0474% of votes polled)
Result: Passed

Resolution 9: Appointment of Statutory Auditors

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,111,050 (99.9526% of votes polled)
Against: 71,712 (0.0474% of votes polled)
Result: Passed

Resolution 10: Ratification of Cost Auditors' Remuneration

Total votes polled: 151,182,762 (73.2115%)
In favor: 151,179,556 (99.9979% of votes polled)
Against: 3,206 (0.0021% of votes polled)
Result: Passed

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

Shares held: 115,792,526
Votes polled: 115,792,526 (100% of shares held)
Voting method: 100% through e-voting

Public - Institutions

Shares held: 37,711,329
Votes polled: 35,334,093 (93.6962% of shares held)
Voting method: 100% through e-voting

Public - Non-Institutions

Shares held: 52,997,571
Votes polled: 56,143 (0.1059% of shares held)
Voting method: 100% through e-voting

Scrutinizer's Role and Findings

Scrutinizer: Naresh Verma, FCS, proprietor of M/s Naresh Verma & Associates, Company Secretaries
Appointment: By the Board of Directors pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
Responsibilities: Scrutinized the remote e-voting process and votes cast during the AGM
Process: E-voting data was unblocked after AGM closure in presence of two witnesses not employed by the company
Findings: All resolutions passed with requisite majority
Report Date: September 30, 2026

Compliance Confirmation

Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 44(3)
Compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014
Notice sent electronically to shareholders as per MCA Circulars dated April 8, 2020, May 5, 2020, and September 22, 2025
Advertisement published in Business Standard (English) and Pratahkal (Marathi) on September 5, 2026

Additional Information

Voting results and scrutinizer report available on company website: www.rhimagnesitaindia.com
No postal ballots were used
No invalid votes were recorded in any resolution
All electronic voting data remains in scrutinizer's custody until minutes are approved and signed by the Chairman