Meeting Details

  • Type of Meeting: 46th Annual General Meeting (AGM)
  • Date: Monday, 28th September 2026
  • Time: 11:00 AM to 11:39 AM IST
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)

Proposed Resolutions and Implications

Seven resolutions were put to vote:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026 and Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of dividend on Equity Shares for financial year 2025-26

3. Ordinary Resolution: Appointment of Mr. Mahendra Sanghvi (DIN: 00084162) as Director who retires by rotation

4. Ordinary Resolution: Ratification of Remuneration payable to Cost Auditors for FY 2026-27

5. Ordinary Resolution: Change in remuneration of Ms. Kinjal Bhavsar, Managing Director of Shaily Innovations Limited, UK, effective from 1st April 2026

6. Special Resolution: Re-appointment of Mr. Amit Mahendra Sanghvi (DIN: 00022444) as Managing Director effective from 1st October 2026 for 5 years

7. Special Resolution: Enabling resolution for raising funds up to ₹500 Crore through issue of securities

Voting Process and Methods

The company utilized electronic voting facilities provided by National Securities Depository Services Limited (NSDL):

  • Remote e-voting was available from Friday, September 25, 2026 (9:00 AM IST) to Sunday, September 27, 2026 (5:00 PM IST)
  • Additional e-voting was provided during the AGM for members who attended through VC/OAVM and hadn't voted previously
  • Votes were unblocked and downloaded from NSDL website on September 28, 2026 around 11:55 AM IST in presence of witnesses Rahul Nagpal and Dev Trivedi

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 32,506,445
  • Votes in favor: 32,506,439 (100.00%)
  • Votes against: 6 (0.00%)
  • 244 members voted in favor, 3 against

Resolution 2: Dividend Declaration

  • Total votes cast: 32,507,139
  • Votes in favor: 32,507,135 (100.00%)
  • Votes against: 4 (0.00%)
  • 245 members voted in favor, 2 against

Resolution 3: Director Appointment

  • Total votes cast: 32,507,198
  • Votes in favor: 31,727,618 (97.60%)
  • Votes against: 779,580 (2.40%)
  • 225 members voted in favor, 27 against

Resolution 4: Cost Auditor Remuneration

  • Total votes cast: 32,507,198
  • Votes in favor: 32,507,121 (100.00%)
  • Votes against: 77 (0.00%)
  • 245 members voted in favor, 3 against

Resolution 5: Change in MD Remuneration

  • Total votes cast: 32,507,198
  • Votes in favor: 29,878,085 (91.91%)
  • Votes against: 2,629,113 (8.09%)
  • 181 members voted in favor, 71 against

Resolution 6: MD Re-appointment

  • Total votes cast: 32,507,198
  • Votes in favor: 30,298,578 (93.21%)
  • Votes against: 2,208,620 (6.79%)
  • 194 members voted in favor, 57 against

Resolution 7: Fundraising Authorization

  • Total votes cast: 32,507,198
  • Votes in favor: 32,507,194 (100.00%)
  • Votes against: 4 (0.00%)
  • 246 members voted in favor, 2 against

Participation Breakdown by Shareholder Category

Total outstanding shares: 45,995,248

Total votes polled across all resolutions: 32,507,198 (70.68% participation)

Promoter and Promoter Group: 18,899,090 shares (100% voted in favor of all resolutions)

Public Institutions: 16,412,724 shares (81.33% participation, predominantly in favor)

Public Non-Institutions: 10,683,434 shares (2.42% participation, predominantly in favor)

Scrutinizer's Role and Findings

  • Scrutinizer: S. Samdani, Partner at Samdani Shah and Kabra, Company Secretaries
  • Firm: Samdani Shah & Kabra
  • Qualification: Company Secretary
  • Membership Number: 3677
  • Appointment Date: 08-08-2026
  • Report Issuance Date: 29-09-2026
  • The scrutinizer confirmed that all voting records are under safe custody and will be handed over to the Chairman/Company Secretary for preservation
  • All resolutions passed with requisite majority as per Companies Act requirements

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA General Circulars No. 14/2020, 17/2020, 20/2020, and 03/2025
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard - 2 on General Meetings