Meeting Details

  • Date of Meeting: Tuesday, 22nd September, 2026
  • Time: 12.45 pm
  • Type of Meeting: 42nd Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing/Other Audio Visual Means (OAVM)
  • Record Date: 15th September, 2026
  • Total Shareholders on Record Date: 43,281

Proposed Resolutions and Implications

The AGM considered and approved four resolutions:

1. Item No. 1: Ordinary Resolution to receive, consider and adopt the audited stand-alone and consolidated financial statements for the financial year ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Item No. 2: Ordinary Resolution to appoint Mr. Narendra Shah (DIN: 02143172) as Director who retires by rotation and offered himself for re-appointment.

3. Item No. 3: Special Resolution to approve the re-appointment of Mr. Parag Choudhary (DIN: 07845977) as Director (Technical) of the Company.

4. Item No. 4: Special Resolution to approve the appointment of Mr. Anil Kumar Gupta (DIN: 11363591) as Director (Operations) of the Company.

None of the resolutions had promoter/promoter group interest.

Voting Process and Methods

The Company provided two voting facilities:

  • Remote e-voting: Available from Saturday, 19th September, 2026 (9:00 AM IST) to Monday, 21st September, 2026 (5:00 PM IST)
  • E-voting during AGM: For members who did not avail remote e-voting facility

Both voting services were provided by Central Depository Services (India) Limited. The voting was conducted in compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management & Administration) Rules, 2015 and Regulation 44(1) of SEBI LODR Regulations.

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 236,024,942
  • Total Votes Polled: 136,341,878 shares (57.77% of outstanding shares)
  • Total Folios Voted: 110

Resolution-wise Results:

Item No. 1 (Ordinary Resolution - Financial Statements)

  • Total Valid Votes: 136,341,878
  • Votes in Favor: 136,341,735 (100.00%)
  • Votes Against: 143 (0.00%)

Item No. 2 (Ordinary Resolution - Director Re-appointment)

  • Total Valid Votes: 136,341,878
  • Votes in Favor: 136,341,532 (100.00%)
  • Votes Against: 346 (0.00%)

Item No. 3 (Special Resolution - Director Re-appointment)

  • Total Valid Votes: 136,341,878
  • Votes in Favor: 136,341,732 (100.00%)
  • Votes Against: 146 (0.00%)

Item No. 4 (Special Resolution - Director Appointment)

  • Total Valid Votes: 136,341,878
  • Votes in Favor: 136,341,732 (100.00%)
  • Votes Against: 146 (0.00%)

Category-wise Voting Breakdown:

Promoter and Promoter Group

  • Shares Held: 126,743,709
  • Remote e-voting: 122,645,004 votes (96.77% participation)
  • E-voting in AGM: 2,400,000 votes (1.89% participation)
  • Total Votes: 125,045,004 (98.66% participation)
  • All promoter votes were in favor of all resolutions (100%)

Public Institutions

  • Shares Held: 20,296,970
  • No votes cast through either method (0% participation)

Public Non-Institutions

  • Shares Held: 88,984,263
  • Remote e-voting: 11,296,839 votes (12.70% participation)
  • E-voting in AGM: 35 votes (0.00% participation)
  • Total Votes: 11,296,874 (12.70% participation)
  • Minimal dissent: 143 against Item 1, 346 against Item 2, 146 against Items 3 & 4

Meeting Attendance

  • Promoters and Promoter Group attended: 12 members
  • Public shareholders attended: 35 members

Scrutinizer's Role and Findings

Mr. Prashant Diwan, Practicing Company Secretary (B.Com, LL.B, FCS, AICWA), was appointed as Scrutinizer by the Board of Directors at their meeting held on 11th August, 2026. His responsibilities included:

  • Scrutinizing both remote e-voting and e-voting during the AGM
  • Ensuring compliance with Companies Act, 2013 and relevant rules
  • Preparing consolidated scrutinizer's report

The vote unblocking occurred on 22nd September, 2026 at approximately 2:30 PM IST in the presence of two witnesses: CS Nikunj Kiri and CS Aashit Doshi (both not employed by the Company).

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars: 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025
  • SEBI Circulars dated: 12th May 2020, 15th January 2021, 5th January 2023, 7th October 2023, 3rd October 2024

Additional Information

  • The Annual Report and Notice of AGM were sent to members on 31st August, 2026
  • Cut-off date for voting eligibility: 15th September, 2026
  • No shareholder utilized both voting facilities
  • All voting records and registers were handed over to Mr. Ashish Mehta, Company Secretary for safe custody