Meeting Details

The 39th Annual General Meeting was held on Friday, 11th September 2026 at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means facility.

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt the audited standalone and consolidated financial statements for the financial year ended 31 March 2026, together with reports of Board of Directors and Auditors

2. Ordinary Resolution: To declare final dividend of ₹0.60 per equity share for FY2026

3. Ordinary Resolution: To appoint Mr. Sharath Reddy Kalakota (DIN: 03603460) as Director who retires by rotation

4. Ordinary Resolution: Ratification of remuneration of M/s. V.J. Talati & Co, Cost Accountants (Regd. No. M/2203)

5. Ordinary Resolution: Payment of Commission to Mr. Madhav Vishnukant Bhutada (DIN: 08222055), Non-Executive Director of Shilpa Biologicals Private Limited, a Material Subsidiary

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Open from 09:00 AM IST on Monday, September 07, 2026 to 05:00 PM IST on Thursday, September 10, 2026
  • E-voting during AGM: Electronic voting system provided to members attending the AGM through VC/OAVM who had not voted remotely

KFin Technologies Limited served as the Registrar and Transfer Agent facilitating the electronic voting process. The cut-off date for determining voting eligibility was Wednesday, September 04, 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 11,26,52,866
  • Votes in Favor: 11,26,52,854 (100.00%)
  • Votes Against: 12 (0.00%)
  • Abstained Votes: 1,93,534

Resolution 2: Final Dividend Declaration

  • Total Votes Cast: 11,28,46,165
  • Votes in Favor: 11,28,46,153 (100.00%)
  • Votes Against: 12 (0.00%)
  • Abstained Votes: 235

Resolution 3: Reappointment of Director

  • Total Votes Cast: 11,28,46,165
  • Votes in Favor: 11,21,43,667 (99.38%)
  • Votes Against: 7,02,498 (0.62%)
  • Abstained Votes: 235

Resolution 4: Ratification of Cost Auditors' Remuneration

  • Total Votes Cast: 11,28,46,165
  • Votes in Favor: 11,28,46,153 (100.00%)
  • Votes Against: 12 (0.00%)
  • Abstained Votes: 235

Resolution 5: Commission Payment to Subsidiary Director

  • Total Votes Cast: 8,09,82,093
  • Votes in Favor: 7,19,13,982 (88.80%)
  • Votes Against: 90,68,111 (11.20%)

Participation Breakdown by Shareholder Category

Resolution 1 Breakdown:

  • Promoter & Promoter Group: 7,84,96,648 votes (100.00% participation) - 100.00% in favor
  • Public Institutions: 2,69,76,635 votes (69.30% participation) - 100.00% in favor
  • Public Non-Institutions: 71,79,583 votes (9.19% participation) - 99.9998% in favor, 0.0002% against

Resolution 3 Breakdown:

  • Promoter & Promoter Group: 7,84,96,648 votes (100.00% participation) - 100.00% in favor
  • Public Institutions: 2,71,69,934 votes (69.79% participation) - 97.41% in favor, 2.59% against
  • Public Non-Institutions: 71,79,583 votes (9.19% participation) - 99.9998% in favor, 0.0002% against

Resolution 5 Breakdown:

  • Promoter & Promoter Group: 4,66,32,576 votes (59.41% participation) - 100.00% in favor
  • Public Institutions: 2,71,69,934 votes (69.79% participation) - 66.63% in favor, 33.37% against
  • Public Non-Institutions: 71,79,583 votes (9.19% participation) - 99.97% in favor, 0.03% against

Scrutinizer's Role and Findings

Mr. Santhosh Kumar Gunemoni, Partner of VCAN & Associates, Practicing Company Secretaries, Hyderabad, was appointed as Scrutinizer to ensure fair and transparent voting process. The scrutinizer confirmed that:

  • All resolutions passed with requisite majority
  • The electronic data and voting records are under safe custody until Chairman approves and signs the minutes
  • The voting process complied with Companies Act, 2013 and SEBI Listing Regulations

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Secretarial Standards on General Meetings