Meeting Details

  • Date: Friday, 25th September 2026
  • Time: 03:00 PM (IST)
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type: 49th Annual General Meeting

Proposed Resolutions and Implications

The AGM considered six resolutions:

Item No.1 – Ordinary Resolution

Adoption of Standalone and Consolidated Financial Statements for financial year ended March 31, 2026 along with Reports of Board of Directors and Auditors.

Item No.2 – Ordinary Resolution

Re-appointment of Mr. Harivansh Dalmia (DIN: 08750555) as Director on retirement by rotation.

Item No.3 – Special Resolution

Approval of re-appointment and payment of remuneration of Mr. Harivansh Dalmia as Whole Time Director.

Item No.4 – Special Resolution

Approval for waiver of recovery of excess sum refundable under Section 197 of Companies Act, 2016 paid to Mr. Harivansh Dalmia for financial year ended 31st March 2026.

Item No.5 – Ordinary Resolution

Approval of Material Related Party Transaction with Revathi Equipment India Limited (REIL).

Item No.6 – Ordinary Resolution

Approval of Material Related Party Transaction with Renaissance Consultancy Services Limited (RCSL).

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: September 22-24, 2026 (9:00 AM to 5:00 PM IST)
  • E-voting at AGM: Available during meeting for shareholders who hadn't voted remotely
  • Cut-off date: 18th September 2026
  • Scrutinizer: Mr. M D Selvaraj, FCS, Managing Partner of MDS & Associates LLP
  • E-voting provider: MUFG Intime India Private Limited (MIIPL)

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes: 18,85,023 shares (19 members)
  • In favor: 18,77,574 shares (99.60%)
  • Against: 7,449 shares (0.40%)
  • Invalid votes: 0

Resolution 2: Re-appointment of Director

  • Total votes: 18,85,023 shares (19 members)
  • In favor: 18,76,279 shares (99.54%)
  • Against: 8,744 shares (0.46%)
  • Invalid votes: 0

Resolution 3: Director Remuneration

  • Total votes: 18,85,023 shares (19 members)
  • In favor: 18,76,079 shares (99.53%)
  • Against: 8,944 shares (0.47%)
  • Invalid votes: 0

Resolution 4: Waiver of Excess Remuneration Recovery

  • Total votes: 18,85,023 shares (19 members)
  • In favor: 18,77,574 shares (99.60%)
  • Against: 7,449 shares (0.40%)
  • Invalid votes: 0

Resolution 5: Related Party Transaction with REIL

  • Total votes: 41,081 shares (17 members)
  • In favor: 32,337 shares (78.71%)
  • Against: 8,744 shares (21.29%)
  • Invalid votes: 0
  • Note: 2 related party/promoter shareholders holding 18,43,942 shares did not vote

Resolution 6: Related Party Transaction with RCSL

  • Total votes: 41,081 shares (17 members)
  • In favor: 32,337 shares (78.71%)
  • Against: 8,744 shares (21.29%)
  • Invalid votes: 0
  • Note: 2 related party/promoter shareholders holding 18,43,942 shares did not vote

Scrutinizer's Role and Findings

Mr. M D Selvaraj was appointed as Scrutinizer to conduct the voting process fairly and transparently. The scrutinizer unblocked votes on September 25, 2026 at 04:05 PM IST in the presence of two witnesses (Mr. A Selten Jayarai and Ms. Ravina) who are not company employees. The scrutinizer maintained registers and submitted a combined report confirming all resolutions passed with requisite majority.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars permitting VC/OAVM meetings

Additional Information

The voting results and scrutinizer's report are available on the company's website and MIIPL's website. The company's corporate identity number is L42900TZ1977PLC000780, with registered office in Coimbatore and corporate office in Gurugram.