Meeting Details

  • Date of Meeting: 24th September 2026
  • Type of Meeting: 54th Annual General Meeting
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Cut-off date for shareholders: 17th September 2026
  • Total shareholders on cut-off date: 1,492,892

Proposed Resolutions and Implications

The AGM considered eight resolutions:

Ordinary Business:

1. To receive, consider and adopt: (i) Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors; (ii) Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Auditors

2. To appoint director in place of Shri Manish Raj Gupta (DIN: 10905637) who retires by rotation

3. To appoint director in place of Shri Alok Verma (DIN: 10905643) who retires by rotation

4. To authorize Board of Directors to fix remuneration of Statutory Auditors appointed by C&AG for FY 2026-27

5. To declare Final Dividend for FY 2025-26 @ ₹2.35 per Equity Share of face value ₹10/- each

Special Business:

6. To appoint Shri Priya Ranjan (DIN: 11450035) as a Whole Time Director

7. To appoint Shri T.N. Natarajan (DIN: 11589908) as a Whole Time Director

8. To ratify Remuneration of Cost Auditors for FY 2026-27

Voting Process and Methods

The company provided two voting methods:

1. Remote e-voting: Conducted through NSDL from 20th September 2026 (9:00 AM IST) to 23rd September 2026 (5:00 PM IST)

2. E-voting during AGM: Provided on 24th September 2026 during the VC/OAVM meeting for shareholders who didn't participate in remote e-voting

Key Voting Outcomes

Overall Participation:

  • Total valid votes cast across all resolutions: Approximately 3.59 billion shares (87.11% of outstanding shares)
  • 145 shareholders participated in the meeting (1 Promoter, 144 Public)

Resolution-wise Results:

1. Adoption of Financial Statements: 96.41% in favor, 3.59% against

2. Re-appointment of Manish Raj Gupta: 92.02% in favor, 7.98% against

3. Re-appointment of Alok Verma: 92.58% in favor, 7.42% against

4. Auditor Remuneration Authorization: 99.66% in favor, 0.34% against

5. Final Dividend Declaration: 98.27% in favor, 1.73% against

6. Appointment of Priya Ranjan: 92.86% in favor, 7.14% against

7. Appointment of T.N. Natarajan: 92.86% in favor, 7.14% against

8. Cost Auditor Remuneration Ratification: 98.27% in favor, 1.73% against

Shareholder Category Breakdown (Representative Data from Resolution 1):

  • Promoter and Promoter Group: 100% participation (2,684,714,550 shares), 100% in favor
  • Public Institutions: 91.40% participation (880,091,244 of 962,924,673 shares), 85.38% in favor
  • Public Non-Institutions: 5.46% participation (26,354,840 of 482,886,066 shares), 99.67% in favor

Scrutinizer's Role and Findings

Shri Sachin Agarwal of M/s. Agarwal S. & Associates was appointed as Scrutinizer to conduct the voting process fairly and transparently. The scrutinizer:

  • Verified data and reports generated from NSDL's voting system
  • Unblocked and downloaded votes in presence of two independent witnesses (Gurupreet Singh and Bijoy Kumar Samal)
  • Scrutinized consolidated voting results on 24th September 2026
  • Confirmed all resolutions were carried with requisite majority
  • Submitted the Scrutinizer's Report on 24th September 2026

Compliance Confirmation

The disclosure confirms compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Companies (Management and Administration) Rules, 2014 (as amended)
  • MCA and SEBI circulars regarding e-voting and VC/OAVM meetings