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

Shivalik Rasayan Limited

Meeting Details

The 48th AGM was held on Monday, September 28, 2026, at 01:00 P.M. at Hotel Saffron Leaf, GMS Road, Dehradun, Uttarakhand-248146. The meeting was a standard Annual General Meeting, not a Court Convened meeting.

Shareholder Participation

Total number of shareholders on record date (September 21, 2026): 15,355

Shareholders present in the meeting either in person or through proxy:

  • Promoter and Promoter Group: 1
  • Public: 80

Video Conferencing attendance: Not applicable for Promoter and Promoter Group

Proposed Resolutions and Voting Outcomes

Resolution No. 1: Ordinary Resolution

Description: To consider and adopt the Audited Financial Statements (Standalone & Consolidated) of the Company for the financial year ended on March 31, 2026 and the reports of the Board of Directors and Auditors thereon.

Result: Passed unanimously

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,775 (100.00%)
  • Votes against: 0 (0.00%)

Resolution No. 2: Ordinary Resolution

Description: To declare Final Dividend on Equity Shares for the financial year 2025-26.

Result: Passed unanimously

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,775 (100.00%)
  • Votes against: 0 (0.00%)

Resolution No. 3: Ordinary Resolution

Description: To appoint a Director in place of Mr. Suresh Kumar Singh (DIN: 00318015) who retires by rotation and being eligible offers himself for re-appointment.

Result: Passed with minimal opposition

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,197 (99.999%)
  • Votes against: 578 (0.001%)
  • 124 members voted in favor, 3 members voted against

Resolution No. 4: Ordinary Resolution

Description: To appoint a Director in place of Dr. Vimal Kumar Shrawat (DIN: 08274190) who retires by rotation and being eligible offers himself for re-appointment.

Result: Passed with minimal opposition

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,515 (99.999%)
  • Votes against: 260 (0.001%)
  • 125 members voted in favor, 2 members voted against

Resolution No. 5: Special Resolution

Description: To approve borrowing powers of the Company.

Result: Passed with minimal opposition

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,515 (99.999%)
  • Votes against: 260 (0.001%)
  • 125 members voted in favor, 2 members voted against

Resolution No. 6: Special Resolution

Description: To approve creation of charge/security on the Company's assets with respect to borrowing.

Result: Passed with minimal opposition

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,515 (99.999%)
  • Votes against: 260 (0.001%)
  • 125 members voted in favor, 2 members voted against

Resolution No. 7: Ordinary Resolution

Description: To Ratify the Remuneration of the Cost Auditors for the Financial Year ending March 31, 2027.

Result: Passed with minimal opposition

  • Total votes polled: 8,446,775 (53.6291% of outstanding shares)
  • Votes in favor: 8,446,525 (99.999%)
  • Votes against: 250 (0.001%)
  • 126 members voted in favor, 1 member voted against

Voting Process and Methods

The voting was conducted through multiple methods:

  • E-voting facility provided by Central Depository Services (India) Limited (CDSL) through www.evotingindia.com
  • Physical ballot polling during the meeting
  • Postal ballot: Not applicable for any resolution

The e-voting period closed at 5:00 P.M. on September 27, 2026, before the AGM.

Category-wise Voting Breakdown

Promoter and Promoter Group (7,461,677 shares)

  • Voted 100% in favor on all resolutions through e-voting only
  • No votes through poll or postal ballot
  • 100% participation rate

Public Institutions (48,844 shares)

  • Zero participation across all voting methods for all resolutions

Public Non-Institutions (8,239,844 shares)

  • Primary participation through e-voting (945,700 votes, 11.4772% participation)
  • Minor participation through physical poll (39,398 votes, 0.4781% participation)
  • All opposition votes came from this category through e-voting method

Scrutinizer's Report

Manoj Kumar Jain, Practicing Company Secretary and Proprietor of M/s. AMJ & Associates, was appointed as Scrutinizer. His responsibilities included:

  • Scrutinizing e-votes through CDSL's system after the voting closure
  • Scrutinizing physical ballots received till polling closure
  • Reconciling physical ballots with records maintained by Beetal Financial & Computer Services Private Limited, the Registrar and Transfer Agents

The scrutinizer confirmed that all electronic data, physical ballot forms, and related records will be handed over to the company for safe custody after the Chairman approves and signs the meeting minutes.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44(3) 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

Additional Information

The company has uploaded the voting results and scrutinizer's report on its website www.shivalikrasayan.com as required by regulations.