Meeting Details

The 31st Annual General Meeting was held on Wednesday, August 5, 2026, through video conferencing/other audio-visual means. The meeting commenced at 11:30 AM and concluded at 12:09 PM. Record date for voting eligibility was July 29, 2026.

Attendance Statistics

  • Total shareholders on record date: 265,065
  • Promoters and promoter group attendees through video conferencing: 10
  • Public shareholders attendees through video conferencing: 51
  • Total resolutions passed: 7

Voting Results Summary

All seven resolutions were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

Ordinary resolution to receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors report

Voting Results:

  • Total votes polled: 71,174,610 shares (57.6789% of outstanding shares)
  • Votes in favor: 71,174,217 shares (99.9994%)
  • Votes against: 393 shares (0.0006%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,515,866 shares voted 100% in favor
  • Public non-institutions: 513,948 shares voted 99.9235% in favor, 0.0765% against

Resolution 2: Dividend Declaration

Ordinary resolution to declare final dividend of ₹1 per equity share (10%) of face value ₹10 each for FY ended March 31, 2026

Voting Results:

  • Total votes polled: 71,181,964 shares (57.6849% of outstanding shares)
  • Votes in favor: 71,181,845 shares (99.9998%)
  • Votes against: 119 shares (0.0002%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 100% in favor
  • Public non-institutions: 515,398 shares voted 99.9769% in favor, 0.0231% against

Resolution 3: Director Re-appointment

Ordinary resolution to appoint Mr. Ramakrishna Sataluri (DIN: 08903553) who retires by rotation

Voting Results:

  • Total votes polled: 71,181,942 shares (57.6849% of outstanding shares)
  • Votes in favor: 69,405,963 shares (97.505%)
  • Votes against: 1,775,979 shares (2.495%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 79.1766% in favor, 20.8234% against
  • Public non-institutions: 515,376 shares voted 99.7167% in favor, 0.2833% against

Resolution 4: Chairman Re-appointment

Special resolution to approve re-appointment of Mr. Dinesh Patidar (DIN: 00549552) as Chairman cum Whole Time Director for three years

Voting Results:

  • Total votes polled: 71,181,964 shares (57.6849% of outstanding shares)
  • Votes in favor: 63,726,073 shares (89.5256%)
  • Votes against: 7,455,891 shares (10.4744%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 12.5238% in favor, 87.4762% against
  • Public non-institutions: 515,398 shares voted 99.7338% in favor, 0.2662% against

Resolution 5: Managing Director Re-appointment

Special resolution to approve re-appointment of Mr. Ramesh Patidar (DIN: 00931437) as Managing Director for three years

Voting Results:

  • Total votes polled: 71,181,964 shares (57.6849% of outstanding shares)
  • Votes in favor: 69,504,637 shares (97.6436%)
  • Votes against: 1,677,327 shares (2.3564%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 80.3304% in favor, 19.6696% against
  • Public non-institutions: 515,398 shares voted 99.7815% in favor, 0.2185% against

Resolution 6: Remuneration Revision

Special resolution to revise remuneration payable to Mr. Sunil Patidar (DIN: 02561763), Whole Time Director

Voting Results:

  • Total votes polled: 71,180,492 shares (57.6837% of outstanding shares)
  • Votes in favor: 71,176,947 shares (99.995%)
  • Votes against: 3,545 shares (0.005%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 100% in favor
  • Public non-institutions: 513,926 shares voted 99.3102% in favor, 0.6898% against

Resolution 7: Cost Auditor Remuneration

Ordinary resolution to ratify remuneration payable to Cost Auditors for FY 2026-27

Voting Results:

  • Total votes polled: 71,180,492 shares (57.6837% of outstanding shares)
  • Votes in favor: 71,179,900 shares (99.9992%)
  • Votes against: 592 shares (0.0008%)
  • Promoter group: 62,144,796 shares voted 100% in favor
  • Public institutions: 8,521,770 shares voted 100% in favor
  • Public non-institutions: 513,926 shares voted 99.8848% in favor, 0.1152% against

Scrutinizer Details

  • Name: Manish Maheshwari
  • Firm: M. Maheshwari & Associates
  • Qualification: CS
  • Membership Number: FCS-5174
  • Date of Board Meeting appointment: May 7, 2026
  • Date of Report issuance: August 6, 2026

Voting Process Details

  • Remote e-voting period: August 1, 2026 (9:00 AM) to August 4, 2026 (5:00 PM)
  • Votes unblocked on August 5, 2026 at 12:55 PM after AGM conclusion
  • Total members who cast votes: 308
  • Total shares voted: 71,183,026
  • No invalid or abstained votes reported