Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
Type of Meeting: 39th Annual General Meeting
Record Date/Cut-off Date: September 18, 2026
Total Shareholders on Record Date: 19,283
Shareholder Participation
Shareholders Attended via VC: 53 total (1 Promoter/Promoter Group, 52 Public)
Total Votes Cast: 20,127,019 shares (79.1623% of outstanding 25,425,000 shares)
Voting Methods Used: Remote e-voting through NSDL platform prior to meeting and e-voting during the AGM
Proposed Resolutions and Voting Outcomes
Resolution 1: Ordinary Business - Adoption of Financial Statements
Description: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors, and Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors
Result: Passed with requisite majority
Total Votes: 20,127,019 (79.1623% participation)
In Favor: 19,743,344 votes (98.0937% of votes polled)
Against: 383,675 votes (1.9063% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 18,488,532 votes (100% in favor)
Public Institutions: 1,581,994 votes (75.75% in favor, 24.25% against)
Public Non-Institutions: 56,493 votes (99.9257% in favor, 0.0743% against)
Resolution 2: Ordinary Business - Dividend Declaration
Description: Declaration of dividend at 20% i.e. Rs. 2 per equity share of Rs. 10 each for FY ended March 31, 2026
Result: Passed with requisite majority
Total Votes: 20,127,019 (79.1623% participation)
In Favor: 20,126,977 votes (99.9998% of votes polled)
Against: 42 votes (0.0002% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 18,488,532 votes (100% in favor)
Public Institutions: 1,581,994 votes (100% in favor)
Public Non-Institutions: 56,493 votes (99.9257% in favor, 0.0743% against)
Resolution 3: Ordinary Business - Director Re-appointment
Description: Appointment of Mr. Sanjeev Agrawal (DIN: 00282059) who retires by rotation and offers himself for re-appointment
Promoter Interest: YES
Result: Passed with requisite majority
Total Votes: 19,631,893 (77.2149% participation)
In Favor: 19,156,933 votes (97.5807% of votes polled)
Against: 474,960 votes (2.4193% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 17,993,406 votes (100% in favor)
Public Institutions: 1,581,994 votes (70.0275% in favor, 29.9725% against)
Public Non-Institutions: 56,493 votes (98.5892% in favor, 1.4108% against)
Resolution 4: Ordinary Business - Transaction with HAL Offshore
Description: Enhancement of monetary cap for transactions pertaining to charter hire of vessels, diving and allied activities with HAL Offshore Limited
Promoter Interest: YES
Result: Passed with requisite majority
Total Votes: 1,638,487 (6.4444% participation)
In Favor: 1,254,812 votes (76.5836% of votes polled)
Against: 383,675 votes (23.4164% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 0 votes (did not participate)
Public Institutions: 1,581,994 votes (75.75% in favor, 24.25% against)
Public Non-Institutions: 56,493 votes (99.9257% in favor, 0.0743% against)
Resolution 5: Special Business - Director Re-appointment
Description: Re-appointment of Mr. Naveen Mehta (DIN: 07027180) as Whole Time Director for 5 years and fixation of remuneration
Result: Passed with requisite majority
Total Votes: 20,127,019 (79.1623% participation)
In Favor: 20,126,977 votes (99.9998% of votes polled)
Against: 42 votes (0.0002% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 18,488,532 votes (100% in favor)
Public Institutions: 1,581,994 votes (100% in favor)
Public Non-Institutions: 56,493 votes (99.9257% in favor, 0.0743% against)
Resolution 6: Special Business - Director Appointment
Description: Appointment of Dr. Rajesh Kumar Yaduvanshi (DIN: 07206654) as Non-Executive Independent Director for first term of 5 years from August 13, 2026 to August 12, 2031
Result: Passed with requisite majority
Total Votes: 20,127,019 (79.1623% participation)
In Favor: 20,126,977 votes (99.9998% of votes polled)
Against: 42 votes (0.0002% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 18,488,532 votes (100% in favor)
Public Institutions: 1,581,994 votes (100% in favor)
Public Non-Institutions: 56,493 votes (99.9257% in favor, 0.0743% against)
Resolution 7: Ordinary Business - Director Remuneration
Description: Payment of overall remuneration to the Non-Executive Independent Directors of the Company
Result: Passed with requisite majority
Total Votes: 20,127,019 (79.1623% participation)
In Favor: 18,641,180 votes (92.6177% of votes polled)
Against: 1,485,839 votes (7.3823% of votes polled)
Category Breakdown:
Promoter & Promoter Group: 18,488,532 votes (100% in favor)
Public Institutions: 1,581,994 votes (6.0871% in favor, 93.9129% against)
Public Non-Institutions: 56,493 votes (99.7486% in favor, 0.2514% against)
Voting Process and Scrutinizer Report
Scrutinizer: M/s. Satyajit Mishra & Co., Practicing Company Secretaries
Voting Period: Remote e-voting commenced on September 22, 2026 (9:00 AM IST) and ended on September 24, 2026 (5:00 PM IST)
Voting Platform: National Securities Depository Limited (NSDL) e-voting system
Witnesses Present During Vote Counting: Mr. Harsh Sharma and Mr. Manoj Pawar (not employees of the company)
Invalid Votes: Zero invalid votes across all resolutions
Compliance Confirmation
The voting process complied with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
Compliance with SEBI Circulars: May 12, 2020; May 13, 2022; January 5, 2023; and October 3, 2024
Compliance with MCA General Circulars: 14/2020, 17/2020, 20/2020, 02/2021, 02/2022, 03/2022, 10/2022, 09/2023, 09/2024, and 03/2025
Regulation 44(3) of SEBI (LODR) Regulations 2015 followed
