Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 11:30 A.M. to 01:13 P.M. (IST)
  • Location: Conducted through Video Conferencing (VC) without physical presence
  • Type: 21st Annual General Meeting
  • Record Date: August 28, 2026
  • Total Members: 416,148 as of cut-off date September 21, 2026

Proposed Resolutions and Implications

Five resolutions were presented for shareholder approval:

Ordinary Business

1. Adoption of Financial Statements: Receiving, considering, and adopting the Audited Standalone and Consolidated Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors

2. Retirement of Director: Taking note of retirement of Mr. Sachin Chaudhary (DIN: 02016992) who retires by rotation and expressed intention not to seek re-appointment

Special Business

3. Debenture Issuance Limit: Renewal of limit to issue debentures on private placement basis by the Board, not in the nature of equity shares, upto ₹25,000 Crores

4. Director Appointment: Appointment of H.E. Dalia Hazem Gamil Khorshid (DIN: 11789322) as a Non-Executive Non-Independent Director

5. Director Re-appointment: Re-appointment of Mrs. Shefali Shah (DIN: 09731801) as an Independent Director for a further term of three years from November 14, 2026 to November 13, 2029

Voting Process and Methods

  • Remote e-voting period: September 26, 2026 (09:00 A.M.) to September 29, 2026 (05:00 P.M.)
  • Insta poll voting: During the AGM on September 30, 2026
  • Scrutinizer: Mr. Shiwam Kumar Bharti of M/s. Bharti Goenka and Associates, Practicing Chartered Accountants
  • Voting platform: Kfin Technologies Limited
  • Members attended via VC: 97 public members, 0 promoter members

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 116,154,36,631 (fully paid) + 30,13,213 (partly paid) = 116,184,49,844 shares
  • Total votes cast: 55,129,0777 (47.46% of fully paid shares) + 2,060 (0.07% of partly paid shares)

Resolution-wise Results (Combined Voting Rights)

Agenda Item 1 - Adoption of Financial Statements (Ordinary Resolution)

  • Votes in favor: 551,158,619.60 (99.98%)
  • Votes against: 132,844.00 (0.02%)
  • Passed with overwhelming majority

Agenda Item 2 - Retirement of Director (Ordinary Resolution)

  • Votes in favor: 551,393,936.60 (99.99%)
  • Votes against: 78,515.00 (0.01%)
  • Passed with near-unanimous approval

Agenda Item 3 - Debenture Issuance (Special Resolution)

  • Votes in favor: 551,338,748.60 (99.98%)
  • Votes against: 133,996.00 (0.02%)
  • Passed with required special majority

Agenda Item 4 - Director Appointment (Ordinary Resolution)

  • Votes in favor: 546,414,411.93 (99.08%)
  • Votes against: 5,057,228.67 (0.92%)
  • Passed with significant majority (highest opposition among resolutions)

Agenda Item 5 - Director Re-appointment (Special Resolution)

  • Votes in favor: 550,040,608.60 (99.74%)
  • Votes against: 1,431,032.00 (0.26%)
  • Passed with required special majority

Category-wise Voting Breakdown

Promoter & Promoter Group (Fully Paid Shares)

  • 100% participation in all resolutions
  • 100% votes in favor for all resolutions

Public Institutions (Fully Paid Shares)

  • Participation: 66.65-66.71% across resolutions
  • Votes in favor: 100% for most resolutions, 97.48% for director appointment

Public Non-Institutions (Fully Paid Shares)

  • Participation: 3.17-4.24% across resolutions
  • Votes in favor: 98.96-99.76% across resolutions

Scrutinizer's Role and Findings

Mr. Shiwam Kumar Bharti submitted his consolidated scrutinizer report dated September 30, 2026, confirming:

  • All voting processes were conducted fairly and transparently
  • All five resolutions were passed with requisite majority
  • No votes were declared invalid
  • Remote e-voting had 460 members participating, instapoll had 47 members
  • The register and records will remain in safe custody until minutes are approved

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and relevant Rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA and SEBI circulars regarding virtual meetings
  • Sections 101 and 136 of the Companies Act, 2013
  • Regulations 34 and 36 of SEBI Listing Regulations

Additional Information

The document also includes the detailed scrutinizer report (Form MGT-13) with complete voting breakdowns by share category and voting method, confirming the accuracy of all reported results.