Servotech 22nd AGM Approves 11 Resolutions Including Dividend

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

Date of Meeting: Friday, 25th September, 2026
Type of Meeting: 22nd Annual General Meeting
Location: Conducted through Video Conferencing/Other Audio-Visual Means with deemed venue at Registered Office: Khata No. 1970, Khewat No. 1672, Khasra No. 21/20/2/2, Revenue Estate, Kundli, Sonipat, Haryana, 131029
Record Date: 18th September, 2026
Total Shareholders on Record Date: 196,430

Voting Process and Methods

The voting was conducted through:

Remote e-voting prior to AGM (from September 21, 2026 at 09:00 to September 24, 2026 at 17:00)
E-voting during AGM (on September 25, 2026)
National Securities Depository Limited (NSDL) provided the e-voting facility
Scrutinizer: Debabrata Deb Nath, Practicing Company Secretary (FCS No.: 7775) of R&D Company Secretaries

Summary of Proposed Resolutions and Voting Outcomes

Total Votes Cast: 152,569,608 shares (67.55% of total outstanding shares of 225,845,348)

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

Total Votes: 152,569,608 (67.5549%)
In Favor: 152,566,449 (99.9979%)
Against: 3,159 (0.0021%)
Promoter Group: 132,363,716 votes (100% in favor)
Public Institutions: 23,740 votes (100% in favor)
Public Non-Institutions: 20,182,152 votes (99.9843% in favor, 0.0157% against)

Resolution 2: Re-appointment of Mr. Rajesh Mohan Rai (Ordinary Resolution)

Total Votes: 152,567,551 (67.5539%)
In Favor: 152,563,689 (99.9975%)
Against: 3,862 (0.0025%)
Public Non-Institutions: 20,180,095 votes (99.9809% in favor, 0.0191% against)

Resolution 3: Final Dividend of ₹0.02 per share (Ordinary Resolution)

Total Votes: 152,568,608 (67.5545%)
In Favor: 152,565,472 (99.9979%)
Against: 3,136 (0.0021%)
Public Non-Institutions: 20,181,152 votes (99.9845% in favor, 0.0155% against)

Resolution 4: Re-appointment of Raman Bhatia as Managing Director (Special Resolution)

Total Votes: 152,567,605 (67.5540%)
In Favor: 152,561,864 (99.9962%)
Against: 5,741 (0.0038%)
Public Institutions: 23,740 votes (90.8088% in favor, 9.1912% against)
Public Non-Institutions: 20,180,149 votes (99.9824% in favor, 0.0176% against)

Resolution 5: Revision of Remuneration of Sarika Bhatia (Special Resolution)

Total Votes: 152,568,488 (67.5544%)
In Favor: 152,564,199 (99.9972%)
Against: 4,289 (0.0028%)
Public Non-Institutions: 20,181,032 votes (99.9787% in favor, 0.0213% against)

Resolution 6: Appointment of Mrityunjay Kumar Jha as Director (Ordinary Resolution)

Total Votes: 152,568,486 (67.5544%)
In Favor: 152,565,019 (99.9977%)
Against: 3,467 (0.0023%)
Public Non-Institutions: 20,181,030 votes (99.9828% in favor, 0.0172% against)

Resolution 7: Appointment of Mrityunjay Kumar Jha as Whole-Time Director (Special Resolution)

Total Votes: 152,568,487 (67.5544%)
In Favor: 152,565,221 (99.9979%)
Against: 3,266 (0.0021%)
Public Non-Institutions: 20,181,031 votes (99.9838% in favor, 0.0162% against)

Resolution 8: Creation of Mortgage/Charge under Section 180(1)(a) (Special Resolution)

Total Votes: 152,567,604 (67.5540%)
In Favor: 152,563,044 (99.9970%)
Against: 4,560 (0.0030%)
Public Non-Institutions: 20,180,148 votes (99.9774% in favor, 0.0226% against)

Resolution 9: Borrowing Limits of ₹800 Crores under Section 180(1)(c) (Special Resolution)

Total Votes: 152,568,487 (67.5544%)
In Favor: 152,563,851 (99.9970%)
Against: 4,636 (0.0030%)
Public Non-Institutions: 20,181,031 votes (99.9770% in favor, 0.0230% against)

Resolution 10: Ratification of Cost Auditors' Remuneration (Ordinary Resolution)

Total Votes: 152,568,607 (67.5545%)
In Favor: 152,564,007 (99.9970%)
Against: 4,600 (0.0030%)
Public Non-Institutions: 20,181,151 votes (99.9772% in favor, 0.0228% against)

Resolution 11: Material Related Party Transactions with Rhine Solar Limited (Ordinary Resolution)

Total Votes: 152,568,487 (67.5544%)
In Favor: 152,565,114 (99.9978%)
Against: 3,373 (0.0022%)
Special Note: Votes cast by 9 shareholders belonging to Promoter/Promoter Group (holding 132,363,716 shares) were treated as invalid and excluded from computation as they were interested in the matter
Public Non-Institutions: 20,181,031 votes (99.9833% in favor, 0.0167% against)

Participation Breakdown by Shareholder Category

Promoters and Promoter Group: 9 shareholders attended through VC, holding 132,363,716 shares
Public Shareholders: 47 shareholders attended through VC
Total Shares Outstanding: 225,845,348

Scrutinizer's Role and Findings

Debabrata Deb Nath was appointed as Scrutinizer to ensure fair and transparent voting process. The scrutinizer verified that:

The e-voting process was conducted by NSDL
Notice was sent to members electronically on September 2, 2026
Advertisement was published on September 3, 2026
Remote e-voting period was from September 21-24, 2026
E-voting at AGM was available on September 25, 2026
Votes were unblocked and downloaded from NSDL in presence of two witnesses
All results were prepared based on data downloaded from NSDL e-voting system

Compliance Confirmation

The company confirmed compliance with Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant rules regarding voting procedures and disclosure requirements.