Meeting Details

The 37th Annual General Meeting was held on Monday, August 24, 2026 at 10:30 A.M. (IST) through video conferencing/other audio video means (VC/OAVM). The meeting concluded at 10:55 A.M. (IST).

Record Date and Shareholder Information

Record date: August 14, 2026

Total number of shareholders on record date: 64,293

Shareholders present in the meeting: 68 (4 Promoters/Promoter Group + 64 Public)

All shareholders attended through video conferencing.

Scrutinizer Details

  • Name: Mr. Hrishikesh Wagh
  • Firm: Kanj & Co. LLP
  • Qualification: CS
  • Membership Number: 7993
  • Date of Board Meeting appointment: May 20, 2026
  • Date of Report issuance: August 25, 2026

Voting Process

Remote e-voting was conducted between August 21, 2026 (09:00 AM IST) and August 23, 2026 (05:00 PM IST). E-voting was also conducted at the AGM venue through VC/OAVM.

Total Share Capital and Voting Participation

Total outstanding shares: 86,576,000

Total votes polled: 49,445,244 shares (57.1120% of outstanding shares)

Resolution Details

Resolution 1: Ordinary Resolution - Adoption of Financial Statements

  • Description: To receive, consider and adopt the Audited Standalone and Consolidated financial statements for FY ended March 31, 2026 with Board of Directors and Auditors reports
  • Promoter interest: No
  • Result: Passed
  • Total votes in favor: 49,431,955 (99.99%)
  • Total votes against: 165 (0.01%)
  • Invalid votes: 0

Resolution 2: Ordinary Resolution - Final Dividend Declaration

  • Description: To declare Final Dividend of ₹2 per equity share for Financial Year 2025-26
  • Promoter interest: No
  • Result: Passed
  • Total votes in favor: 49,445,216 (99.99%)
  • Total votes against: 28 (0.01%)
  • Invalid votes: 0

Resolution 3: Ordinary Resolution - Auditor Appointment

  • Description: Appointment of M/s MSKA & Associates LLP as Statutory Auditors for 2nd term of 5 years from conclusion of 37th AGM till conclusion of 42nd AGM
  • Promoter interest: No
  • Result: Passed
  • Total votes in favor: 49,445,077 (99.99%)
  • Total votes against: 167 (0.01%)
  • Invalid votes: 0

Resolution 4: Ordinary Resolution - Director Re-appointment

  • Description: To appoint Mr. Rishi C. Sanghvi (DIN: 08220906) who retires by rotation and offers himself for re-appointment
  • Promoter interest: No
  • Result: Passed
  • Total votes in favor: 49,445,079 (99.99%)
  • Total votes against: 165 (0.01%)
  • Invalid votes: 0

Resolution 5: Special Resolution - Articles of Association Alteration

  • Description: Alteration of Articles of Association to amend Clause 2 Interpretation of Equity shares
  • Promoter interest: No
  • Result: Passed
  • Total votes in favor: 49,444,977 (99.99%)
  • Total votes against: 267 (0.01%)
  • Invalid votes: 0

Resolution 6: Special Resolution - MD Remuneration Ratification

  • Description: Ratification of remuneration paid to Mr. Rishi C. Sanghvi (DIN: 08220906), Managing Director, for period April 1, 2025 to March 31, 2026
  • Promoter interest: Yes
  • Result: Passed
  • Total votes in favor: 23,821,640 (97.25% of valid votes)
  • Total votes against: 673,110 (2.75% of valid votes)
  • Invalid votes: 24,950,494 (votes cast by related party treated as invalid pursuant to Section 188 of Companies Act, 2013 and Regulation 23(4) of SEBI LODR Regulations)

Scrutinizer's Consolidated Report

The scrutinizer provided detailed breakdown of voting results from both remote e-voting and e-voting at the meeting venue for each resolution, confirming all resolutions passed with requisite majority.