Meeting Details

  • Meeting Type: 29th Annual General Meeting
  • Date: Friday, 04th September 2026
  • Time: 11:45 AM (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility
  • Cut-off (Record) Date: Friday, 28th August 2026

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone and Consolidated) for FY 2025-26 ended 31st March 2026

2. Ordinary Resolution: Declaration of final dividend at 30% i.e. Rs. 0.60 per equity share of Rs. 2/- each for FY 2025-2026

3. Ordinary Resolution: Re-appointment of Mr. Nitesh Vinaykumar Sanklecha (DIN:03532145) as director retiring by rotation

4. Special Resolution: Re-appointment of Shreyas Sunil Raisoni (DIN: 06537653) as Whole-Time Director

5. Special Resolution: Re-appointment of Mr. Nitesh Vinaykumar Sanklecha (DIN: 03532145; IT PAN: AUIPS6830I) as Managing Director and Chief Financial Officer (CFO)

6. Ordinary Resolution: Approval of Related Party Transactions between the Company and Stargate Ventures LLP, a material subsidiary of Active Infrastructures Limited (subsidiary of the Company)

Voting Process and Methods

The voting process utilized electronic means as follows:

  • Remote e-Voting Period: Commenced at 09:00 AM on Tuesday, 01st September 2026 and ended at 05:00 PM on Thursday, 03rd September 2026
  • Platform: Central Depository Services (India) Limited (CDSL) e-Voting System
  • Meeting e-Voting: CDSL provided e-voting facilities during the AGM for shareholders who had not voted remotely
  • Scrutinizer: CS Riddhita Agrawal, Company Secretary in Practice (ICSI Mem. No. FCS 10054, CP No. 12917)
  • Witnesses: Mr. Ramnaresh Agrawal and Mr. Ravindra Ashok Raut (not employees of the Company) witnessed the unblocking of voting results

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 61,069,290 shares (75.3964% of outstanding shares)
  • In Favor: 61,069,290 shares (100% of votes cast)
  • Against: 0 shares (0% of votes cast)
  • Promoter Participation: 60,326,897 shares voted (99.3287% of promoter holdings)
  • Public Non-Institution Participation: 742,393 shares voted (3.6638% of public holdings)

Resolution 2: Dividend Declaration

  • Total Votes Cast: 61,069,268 shares (75.3964% of outstanding shares)
  • In Favor: 61,069,246 shares (99.99996% of votes cast)
  • Against: 22 shares (0.00004% of votes cast)
  • Public Non-Institution Votes Against: 22 shares (0.0030% of their votes)

Resolution 3: Re-appointment of Nitesh Sanklecha (Director)

  • Total Votes Cast: 61,067,342 shares (75.3941% of outstanding shares)
  • In Favor: 61,067,318 shares (99.99996% of votes cast)
  • Against: 24 shares (0.00004% of votes cast)
  • Public Non-Institution Votes Against: 24 shares (0.0032% of their votes)
  • Invalid Votes: 1,924 votes from relatives of the director not considered in calculation

Resolution 4: Re-appointment of Shreyas Raisoni (Whole-Time Director)

  • Total Votes Cast: 52,122,408 shares (64.3506% of outstanding shares)
  • In Favor: 52,122,408 shares (100% of votes cast)
  • Against: 0 shares (0% of votes cast)
  • Promoter Participation: 51,380,017 shares voted (84.5976% of promoter holdings)

Resolution 5: Re-appointment of Nitesh Sanklecha (MD & CFO)

  • Total Votes Cast: 61,067,342 shares (75.3941% of outstanding shares)
  • In Favor: 61,067,318 shares (99.99996% of votes cast)
  • Against: 24 shares (0.00004% of votes cast)
  • Invalid Votes: 1,924 votes from relatives of the director not considered in calculation

Resolution 6: Related Party Transactions

  • Total Votes Cast: 742,393 shares (0.9166% of outstanding shares)
  • In Favor: 742,393 shares (100% of votes cast)
  • Against: 0 shares (0% of votes cast)
  • Only Public Non-Institutions Voted: 742,393 shares (3.6638% of their holdings)

Shareholder Participation Breakdown

  • Total Shareholders: 6,376 equity shareholders as of cut-off date
  • Promoter & Promoter Group Holdings: 60,734,606 shares
  • Public Non-Institution Holdings: 20,262,962 shares
  • Public Institution Holdings: 0 shares
  • Notice Distribution: Initially sent to 6,532 shareholders (17th July BENPOS), additional 257 shareholders notified later (7th August BENPOS)

Scrutinizer's Role and Findings

CS Riddhita Agrawal was appointed scrutinizer to scrutinize the remote e-voting process and e-voting during the AGM. The scrutinizer verified the voting process was conducted fairly and transparently, generated consolidated reports from CDSL, and confirmed all resolutions passed with requisite majority. The e-voting register and relevant documents remain in the scrutinizer's custody until minutes are approved.

Compliance Confirmation

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (LODR) Regulations, 2015
  • MCA Circulars dated April 08, 2020; April 13, 2020; May 05, 2020; January 10, 2021; December 08, 2021; December 14, 2021; May 05, 2022; December 28, 2022; September 25, 2023; September 19, 2024; September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/CMDI/CIR/P/2020/79 dated May 12, 2020 read with SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021