Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Type of Meeting: 34th Annual General Meeting (AGM)
  • Date: Thursday, September 24, 2026
  • Time: Commenced at 2:00 PM and concluded at 2:21 PM
  • Location/Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: September 18, 2026
  • Total Shareholders on Record Date: 10,049

Proposed Resolutions and Implications

Three resolutions were proposed for shareholder approval:

1. Ordinary Business - Resolution 1: To receive, consider, and adopt:

  • The Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of the Board of Directors and Auditors.
  • The Audited Consolidated Financial Statements for FY ended March 31, 2026, with Reports of the Board of Directors and Auditors.

2. Ordinary Business - Resolution 2: To reappoint Mr. Prajjwal Misra (DIN: 08494018) as a Director, who retired by rotation. The promoter/promoter group was interested in this resolution.

3. Special Business - Resolution 3: An Ordinary Resolution to approve Related Party Transactions with Group Companies or other entities pursuant to Regulation 23 of SEBI LODR and Section 188 of the Companies Act, 2013. The resolution grants consent for transactions up to a maximum aggregate value of ₹1,000,00,00,000 (One Thousand Crore) for projects including stadiums, airports, railway stations, and other infrastructure under models like DBOT. The promoter/promoter group was interested in this resolution.

Voting Process and Methods

The e-voting facility for both remote e-voting (prior to the AGM) and electronic voting during the AGM was provided by National Securities Depository Limited (NSDL).

  • Remote e-voting period: Commenced at 9:00 AM on September 21, 2026 (Monday) and closed at 5:00 PM on September 23, 2026 (Wednesday).
  • Scrutinizer Appointment: Pradeep Debnath of M/s Pradeep Debnath & Co was appointed Scrutinizer by the Board of Directors on August 14, 2026.
  • After the AGM, votes were unblocked on September 24, 2026, witnessed by Mr. Gaurav Jha and Ms. Bharti (non-employees of the Company).

Key Voting Outcomes

Overall Participation:

  • Total shares outstanding: 1,81,22,500
  • 105 shareholders attended the meeting via VC: 8 from Promoter/Promoter Group and 97 from Public.

Resolution 1: Adoption of Financial Statements

  • Total Valid Votes Polled: 1,39,71,997 (77.0975% of outstanding shares)
  • Votes in Favor: 1,39,71,410 (99.9958% of valid votes)
  • Votes Against: 587 (0.0042% of valid votes)
  • Invalid Votes: 0
  • Result: PASSED

Resolution 2: Re-appointment of Director (Mr. Prajjwal Misra)

  • Total Valid Votes Polled: 15,32,436 (8.456% of outstanding shares)
  • Votes in Favor: 15,31,849 (99.9617% of valid votes)
  • Votes Against: 587 (0.0383% of valid votes)
  • Invalid Votes: 1,24,37,461 votes from 7 members (all from Promoter and Promoter Group category)
  • Result: PASSED

Resolution 3: Approval of Related Party Transactions

  • Total Valid Votes Polled: 15,32,421 (8.4559% of outstanding shares)
  • Votes in Favor: 15,30,294 (99.8612% of valid votes)
  • Votes Against: 2,127 (0.1388% of valid votes)
  • Invalid Votes: 0
  • Result: PASSED

Scrutinizer's Role and Conclusion

Pradeep Debnath, the appointed Scrutinizer, confirmed that the voting process was conducted in a fair and transparent manner. The scrutinizer's responsibility was to ensure the integrity of the e-voting and remote e-voting process and to provide a consolidated report of the votes to the Chairman. All resolutions secured the requisite majority of votes and are declared passed.

Compliance Confirmation

The report confirms compliance with the provisions of the Companies Act, 2013 and the Rules made thereunder relating to voting through electronic means. The Registers and records relating to the electronic voting shall remain in the scrutinizer's safe custody until the Chairman approves and signs the Minutes.