Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting Details
- Date of Meeting: September 24, 2026
- Type of Meeting: 24th Annual General Meeting
- Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
- Record Date for Voting: September 18, 2026
- Total Shareholders on Record Date: 88,938
Proposed Resolutions and Implications
Three ordinary resolutions were proposed and approved:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended March 31, 2026 together with the reports of the Board of Directors and Auditors thereon.
2. To appoint Mr. Bhautik Dayashankar Madeka (DIN: 01761543) as a Director who retires by rotation at this meeting and being eligible offers himself for re-appointment.
3. To ratify the remuneration of Cost Auditors for the Financial Year ending March 31, 2027.
Voting Process and Methods
- Voting Methods: Remote e-voting and e-voting during the AGM through VC/OAVM
- Service Provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Voting Platform: https://instavote.linkintime.co.in
- Scrutinizer: CS Purvi Dave, Partner of MJP Associates, Practising Company Secretaries, appointed by the Board on September 1, 2026
Key Voting Outcomes
Resolution 1 - Adoption of Financial Statements:
- Total Votes Cast: 162,133,291 shares
- Votes in Favor: 162,133,005 shares (99.9998%)
- Votes Against: 276 shares (0.0002%)
- Invalid/Abstained: 0 shares
Resolution 2 - Re-appointment of Director:
- Total Votes Cast: 162,133,291 shares
- Votes in Favor: 112,900,944 shares (99.8998%)
- Votes Against: 113,287 shares (0.1002%)
- Invalid/Abstained: 49,119,060 shares (Note: Mr. Bhautik Dayashankar Madeka and two promoters abstained from voting as they were interested in the resolution)
Resolution 3 - Ratification of Cost Auditor Remuneration:
- Total Votes Cast: 162,133,291 shares
- Votes in Favor: 162,129,162 shares (99.9975%)
- Votes Against: 4,129 shares (0.0025%)
- Invalid/Abstained: 0 shares
Participation Breakdown by Shareholder Category
Resolution 1 Breakdown:
- Promoter & Promoter Group: 80,947,670 votes (56.8947% of outstanding shares)
- Public Institutions: 78,320,732 votes (90.9382% of outstanding shares)
- Public Non-Institutions: 2,864,889 votes (8.4431% of outstanding shares)
Resolution 2 Breakdown:
- Promoter & Promoter Group: 91,159,122 votes (62.7480% of outstanding shares)
- Public Institutions: 78,320,732 votes (90.9382% of outstanding shares)
- Public Non-Institutions: 2,864,889 votes (8.4431% of outstanding shares)
Resolution 3 Breakdown:
- Promoter & Promoter Group: 80,947,670 votes (56.8947% of outstanding shares)
- Public Institutions: 78,320,732 votes (90.9382% of outstanding shares)
- Public Non-Institutions: 2,864,889 votes (8.4431% of outstanding shares)
Scrutinizer's Role, Findings, and Conclusions
- CS Purvi Dave was appointed as Scrutinizer for both remote e-voting and e-voting during the AGM
- The scrutinizer compiled details of voting participation and results
- Total members who cast votes: 123 (122 via remote e-voting, 1 during AGM)
- Total shares represented: 162,133,291
- All resolutions were declared passed with requisite majority
- A compact disc containing detailed list of equity shareholders who voted in favor, against, and those whose votes were declared invalid/abstained for each resolution was enclosed with the report
Compliance with Laws and Regulations
The voting process was conducted in compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20(3)(xi) of the Companies (Management and Administration) Rules, 2014
- Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015