Meeting Details

The 47th AGM was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) on July 10, 2026 at 2:00 PM IST. The cut-off date for determining shareholders entitled to vote was July 3, 2026. There were 365,191 shareholders as of the cut-off date. 152 shareholders attended the meeting through VC/OAVM, representing 95,71,57,121 equity shares.

Voting Process

Remote e-voting was conducted through CDSL from July 7, 2026 (9:00 AM IST) to July 9, 2026 (5:00 PM IST). Sriram Parthasarathy, Practicing Company Secretary (Membership No.: FCS 4862), was appointed as the Scrutinizer.

Resolution Outcomes

All ten (10) resolutions proposed in the Notice dated June 3, 2026 were approved with requisite majority and deemed passed on July 10, 2026:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY2025-26 - 99.98% in favor (210,203,1075 votes for, 336,300 against)

2. Adoption of Audited Consolidated Financial Statements for FY2025-26 - 99.86% in favor (209,952,0038 votes for, 2,847,337 against)

3. Declaration of Final Dividend of ₹6 per share and confirmation of Interim Dividend of ₹4.80 per share - 99.99% in favor (210,758,5754 votes for, 194 against)

4. Re-appointment of Mr. D. V. Ravi (DIN: 00171603) as Director - 90.45% in favor (190,613,1678 votes for, 201,366,885 against)

5. Fix remuneration of M/s. G. D. Apte & Co., Chartered Accountants (ICAI Firm Registration No.100515W) - 99.99% in favor (210,744,7554 votes for, 51,109 against)

6. Fix remuneration of M/s M M Nissim & Co LLP, Chartered Accountants (ICAI Firm Registration No.107122W/W100672) - 99.99% in favor (210,744,9350 votes for, 50,965 against)

Special Business:

7. Appointment of Mr. Morihiko Fuji (DIN 11544762) as Non-Executive, Non-Independent Director (MUFG Bank nominee) - 97.05% in favor (204,535,5442 votes for, 62,143,215 against)

8. Appointment of Mr. Shinichi Fujinami (DIN 11545464) as Non-Executive, Non-Independent Director (MUFG Bank nominee) - 95.86% in favor (202,016,1118 votes for, 87,334,755 against)

9. Re-appointment of Mr. Parag Sharma (DIN 02916744) as Whole Time Director (MD & CEO) - 98.75% in favor (207,705,7520 votes for, 26,297,003 against)

10. To enter into material related party transaction(s) with MUFG Bank Ltd. - 99.99% in favor (115,707,8161 votes for, 27,201 against)

Shareholder Voting Patterns

  • Promoter & Promoter Group: 477,630,880 shares (100% approval on all resolutions)
  • Public Institutions: 1,756,806,624 shares
  • Public Non-Institutions: 118,477,624 shares
  • Total outstanding shares: 2,352,915,128
  • Total votes polled: Approximately 89.35-89.57% of outstanding shares across resolutions

Dividend Details

The resolution confirmed payment of:

  • Interim Dividend: ₹4.80 per equity share (declared October 31, 2025)
  • Final Dividend: ₹6.00 per equity share
  • Total Dividend: ₹10.80 per equity share of face value ₹2 each

Director Appointments

The meeting approved the appointment/re-appointment of:

  • Mr. D. V. Ravi as Director (retiring by rotation)
  • Mr. Morihiko Fuji as Non-Executive, Non-Independent Director (MUFG Bank nominee)
  • Mr. Shinichi Fujinami as Non-Executive, Non-Independent Director (MUFG Bank nominee)
  • Mr. Parag Sharma as Whole Time Director (MD & CEO)

Attachments

The filing includes the Consolidated Scrutinizer's Report dated July 10, 2026, which provides detailed breakdown of voting by category (promoter, public institutions, public non-institutions) for each resolution.