Meeting Details

The 68th Annual General Meeting was held on Wednesday, 23rd September 2026 at 4:00 PM (IST) through Video Conferencing/Other Audio Visual Means in accordance with circulars issued by the Ministry of Corporate Affairs, Government of India, and the Securities and Exchange Board of India.

Proposed Resolutions and Implications

The AGM considered and passed six resolutions:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 and Directors' and Auditors' Report thereon

2. Ordinary Resolution: Re-appointment of Mr. Hemang Dhirendra Mehta (DIN: 00146580) as Non-executive, Non-Independent Director

3. Ordinary Resolution: Appointment and remuneration of M/s. M. Goyal & Co (Firm Registration No. 000051) as Cost Auditors for FY 2026-27

4. Ordinary Resolution: Modification of the term of appointment of Statutory Auditors Ms. Manubhai and Shah LLP (Firm Registration No. 106041W/W100136) up to the conclusion of the 69th AGM

5. Special Resolution: Re-appointment of Mr. M. S. Gilotra (DIN: 00152190) as Managing Director from 1st January 2027 to 31st December 2027 and approval of remuneration

6. Special Resolution: Approval of payment of commission to Mr. Jay Mehta, Chairman (Non-Executive, Non-Independent Director)

Voting Process and Methods

The Company provided remote e-voting facility prior to the AGM and e-voting during the AGM through VC for shareholders who had not cast their vote earlier. The remote e-voting period commenced on 20th September 2026 (9:00 AM) and ended on 22nd September 2026 (5:00 PM). Shareholders holding shares as on the cut-off date of 16th September 2026 were entitled to vote.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: 54,684
  • Total shares outstanding: 111,287,280
  • Total votes cast: 72,135,216 (64.82% of outstanding shares)
  • Shareholders attended through video conferencing: 89 (14 Promoters, 75 Public)

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Votes in favor: 72,134,975 (99.9997%)
  • Votes against: 241 (0.0003%)
  • Invalid votes: NIL

Resolution 2 - Re-appointment of Mr. Hemang Dhirendra Mehta

  • Votes in favor: 72,060,321 (99.9981%)
  • Votes against: 1,336 (0.0019%)
  • Invalid votes: 73,559 from 1 member

Resolution 3 - Appointment of Cost Auditors

  • Votes in favor: 72,133,973 (99.9983%)
  • Votes against: 1,243 (0.0017%)
  • Invalid votes: NIL

Resolution 4 - Modification of Statutory Auditor Term

  • Votes in favor: 72,134,004 (99.9983%)
  • Votes against: 1,212 (0.0017%)
  • Invalid votes: NIL

Resolution 5 - Re-appointment of Managing Director

  • Votes in favor: 72,033,685 (99.9981%)
  • Votes against: 1,336 (0.0019%)
  • Invalid votes: NIL

Resolution 6 - Commission to Chairman

  • Votes in favor: 41,728,577 (99.5089%)
  • Votes against: 205,936 (0.4911%)
  • Invalid votes: NIL

Category-wise Voting Breakdown:

Promoter and Promoter Group

  • Total shares held: 74,140,412
  • Votes polled: 68,341,515 (92.18% participation)
  • Voted 100% in favor on all resolutions except abstained from Resolution 6

Public - Institutions

  • Total shares held: 172,979
  • Minimal participation with 0.00% votes polled

Public - Non-Institutions

  • Total shares held: 36,973,889
  • Votes polled: 3,793,701 (10.26% participation)
  • Showed varying approval rates across resolutions, with lowest approval (94.57%) for Resolution 6 (commission payment)

Scrutinizer's Role and Findings

Mr. Sachin Ahuja, Proprietor of M/s. Sachin Ahuja & Associates (Firm Registration No. 133448W), was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM. The votes were unblocked on 23rd September 2026 in the presence of two witnesses, Mr. Umesh Rambade and Mr. Rohit Sawant, who are not in the employment of the Company. The scrutinizer verified the voting data downloaded from the NSDL e-voting system (https://www.evoting.nsdl.com) and confirmed all resolutions were passed with requisite majority.

Compliance Confirmation

The disclosure confirms compliance with the provisions of the Companies Act, 2013 and Rules made thereunder, and the provisions of the SEBI Listing Regulations. The voting results along with the scrutinizer's report are available on the Company's website at https://scl.mehtagroup.com/investors/e-voting-reports.