Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Scoda Tubes Limited
Meeting Details
- Type of Meeting: Annual General Meeting
- Date: Saturday, September 26, 2026
- Time: 04:00 P.M. to 04:37 P.M. (IST)
- Venue: Conducted through video conferencing via ZOOM Platform
- Record Date: September 19, 2026
Proposed Resolutions and Implications
The AGM considered 14 resolutions covering various matters:
1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026
2. Ordinary Resolution: Re-appointment of Mr. Samarth Bharatbhai Patel (DIN: 08036100) as Chairman and Whole-Time Director
3. Special Resolution: Enhancement of borrowing limits under section 180(1)(c) of Companies Act, 2013
4. Special Resolution: Approval for mortgage, sell, lease or dispose of assets under section 180(1)(a)
5. Special Resolution: Increasing limits for loans, investments, and guarantees under Section 186
6. Special Resolution: Revision in remuneration of Mr. Jagrutkumar Rameshbhai Patel, Managing Director
7. Special Resolution: Revision in remuneration of Mr. Samarth Bharatbhai Patel, Chairman
8. Special Resolution: Revision in remuneration of Mr. Saurabh Amrutbhai Patel, Executive Director
9. Special Resolution: Alteration of articles of association for marking securities as non-transferable
10. Ordinary Resolution: Approval of Related Party Transactions with Mr. Ravi Patel, CFO
11. Ordinary Resolution: Approval of Related Party Transactions with Mr. Vipul Patel, President
12. Ordinary Resolution: Approval of Related Party Transactions with Mr. Nisarg Rameshbhai Patel, VP-Sales
13. Special Resolution: Approval of expenses for service of documents to members
14. Ordinary Resolution: Ratification of remuneration payable to Cost Auditor for FY 2026-27
Voting Process and Methods
The voting was conducted through:
- Remote E-voting: September 23-25, 2026 (9:00 AM to 5:00 PM) via NSDL platform
- Remote Electronic Voting during AGM: Available for shareholders present through VC who hadn't voted remotely
- Physical Attendance: Not permitted (conducted entirely through VC/OAVM)
- Proxy Voting: Not permitted as per MCA circulars
Key Voting Outcomes
Overall Participation
- Total shareholders on record date: 25,645
- Total shares outstanding: 59,908,900
- Total votes cast: 40,142,971 shares (67.0067% of outstanding shares)
- Number of resolutions: 14 (all passed)
Attendance Breakdown
- Promoters through VC: 9 members
- Public through VC: 33 members
Resolution-wise Results Summary
Resolution 1 (Financial Statements Adoption)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,142,766 (99.9995%)
- Against: 205 (0.0005%)
Resolution 2 (Director Re-appointment)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,141,211 (99.9956%)
- Against: 1,760 (0.0044%)
Resolution 3 (Borrowing Limits Enhancement)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,141,211 (99.9956%)
- Against: 1,760 (0.0044%)
Resolution 4 (Asset Disposal Authorization)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,142,611 (99.9991%)
- Against: 360 (0.0009%)
Resolution 5 (Loans/Investments Limits)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,141,211 (99.9956%)
- Against: 1,760 (0.0044%)
Resolution 6 (MD Remuneration Revision)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,016,111 (99.6840%)
- Against: 126,860 (0.3160%)
Resolution 7 (Chairman Remuneration Revision)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,016,111 (99.6840%)
- Against: 126,860 (0.3160%)
Resolution 8 (ED Remuneration Revision)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,016,111 (99.6840%)
- Against: 126,860 (0.3160%)
Resolution 9 (AoA Alteration)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,142,611 (99.9991%)
- Against: 360 (0.0009%)
Resolution 10 (RPT with CFO)
- Total votes: 34,827,1 (0.5813%)
- In favor: 212,111 (60.9040%)
- Against: 136,160 (39.0960%)
Resolution 11 (RPT with President)
- Total votes: 34,827,1 (0.5813%)
- In favor: 212,111 (60.9040%)
- Against: 136,160 (39.0960%)
Resolution 12 (RPT with VP-Sales)
- Total votes: 34,827,1 (0.5813%)
- In favor: 212,211 (60.9327%)
- Against: 136,060 (39.0673%)
Resolution 13 (Document Service Expenses)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,142,611 (99.9991%)
- Against: 360 (0.0009%)
Resolution 14 (Cost Auditor Remuneration)
- Total votes: 40,142,971 (67.0067%)
- In favor: 40,142,611 (99.9991%)
- Against: 360 (0.0009%)
Category-wise Voting Breakdown
Promoter & Promoter Group
- Shares held: 39,794,700
- Votes polled: 39,794,700 (100% participation)
- Voted in favor on all resolutions: 100%
Public Institutions
- Shares held: 4,917,359
- Votes polled: 7,408 (0.1506% participation)
- Voted in favor on all resolutions: 100%
Public Non-Institutions
- Shares held: 15,196,841
- Votes polled: 340,863 (2.2430% participation)
- Showed significant opposition on remuneration-related resolutions (37.22% against)
Scrutinizer's Role and Findings
- Name: Anand Lavingia, CS (Membership No: A26458)
- Firm: M/S. PRASAD AND PARTNERS LLP (formerly M/S. ALAP & CO. LLP)
- Appointment Date: August 31, 2026
- Report Issuance Date: September 29, 2026
- Key Findings: All resolutions were duly passed; voting process was fair and transparent; no invalid votes were recorded
Compliance Confirmation
The scrutinizer confirmed compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management & Administration) Rules, 2014
- SEBI LODR Regulations, 2015
- Various MCA circulars regarding e-voting and virtual meetings
Additional Information
- Total Shareholders: 25,645 as of record date
- Newspaper Advertisement: Published in Financial Express (English) on September 7, 2026
- Voting Platform: National Securities Depository Limited (NSDL)
- Witnesses: Mr. Samir Dantani (witnessed unblocking of e-voting results)