Meeting Details

  • Date: 14th August 2026
  • Time: 01:00 P.M. (IST)
  • Type: 65th Annual General Meeting
  • Mode: Conducted through Video Conferencing/Other Audio-Visual Means

Proposed Resolutions and Implications

The AGM considered eight resolutions:

Ordinary Business:

1. To receive, consider and adopt:

  • a) The Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors
  • b) The Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of the Auditors

2. To approve and declare final dividend of ₹40 per equity share (face value ₹10) for FY ended 31st March 2026

3. To appoint Mr. Magnus Lennart Prick (DIN: 11342653, Non-Executive, Non-Independent Director) who retires by rotation

Special Business:

4. To approve Material Related Party Transactions with SKF India (Industrial) Limited

5. To approve Material Related Party Transactions with SKF GmbH

6. To ratify the remuneration of the Cost Auditor for FY 2026-27

7. To consider and approve remuneration to Non-Executive Directors by way of Commission

8. To consider and approve remuneration payable to Mr. Gopal Subramanyam (DIN: 06684319, Non-Executive, Independent Director) in excess of 50% of total annual remuneration payable to all Non-Executive Directors for FY 2025-26

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: From Tuesday, 11th August 2026 at 9:00 a.m. (IST) to Thursday, 13th August 2026 at 5:00 p.m. (IST)
  • E-voting at AGM: Conducted during the 65th AGM on 14th August 2026
  • Service Provider: National Securities Depository Limited (NSDL) via https://www.evoting.nsdl.com
  • Scrutinizer: Mr. Jayavant B. Bhave, Company Secretary in Practice (FCS: 4266, CP: 3068)

Key Voting Outcomes

Resolution 1 (Ordinary Resolution):

  • Total votes cast: 40,613,452
  • Votes in favor: 40,613,325 (99.9997%)
  • Votes against: 127 (0.0003%)
  • Invalid votes: 0

Resolution 2 (Ordinary Resolution):

  • Total votes cast: 40,610,795
  • Votes in favor: 40,610,768 (99.9999%)
  • Votes against: 27 (0.0001%)
  • Invalid votes: 0

Resolution 3 (Ordinary Resolution):

  • Total votes cast: 40,612,257
  • Votes in favor: 40,540,983 (99.8245%)
  • Votes against: 71,274 (0.1755%)
  • Invalid votes: 0

Resolution 4 (Ordinary Resolution):

  • Total votes cast: 14,621,614
  • Votes in favor: 14,559,401 (99.5745%)
  • Votes against: 62,213 (0.4255%)
  • Invalid votes: 0

Resolution 5 (Ordinary Resolution):

  • Total votes cast: 14,621,614
  • Votes in favor: 14,559,401 (99.5745%)
  • Votes against: 62,213 (0.4255%)
  • Invalid votes: 0

Resolution 6 (Ordinary Resolution):

  • Total votes cast: 40,613,673
  • Votes in favor: 40,613,419 (99.9994%)
  • Votes against: 254 (0.0006%)
  • Invalid votes: 0

Resolution 7 (Special Resolution):

  • Total votes cast: 40,613,673
  • Votes in favor: 40,613,152 (99.9987%)
  • Votes against: 521 (0.0013%)
  • Invalid votes: 0

Resolution 8 (Special Resolution):

  • Total votes cast: 40,613,673
  • Votes in favor: 40,551,096 (99.8459%)
  • Votes against: 62,577 (0.1541%)
  • Invalid votes: 0

Participation Breakdown by Shareholder Category

The detailed voting breakdown by promoter, public institution, and non-institution categories was provided in the annexures with specific numbers of shares voted and percentages for each resolution.

Scrutinizer's Role and Findings

Mr. Jayavant B. Bhave was appointed as Scrutinizer by the Board of Directors on 13th May 2026. His responsibilities included:

  • Scrutinizing the e-voting process in a fair and transparent manner
  • Ascertaining the requisite majority for passing of resolutions
  • Unblocking electronic votes in the presence of witnesses not employed by the company
  • Preparing a consolidated report of votes cast "in favour" or "against" each resolution

The scrutinizer confirmed that all eight resolutions secured the requisite majority of votes, with resolutions 1-6 passed as Ordinary Resolutions and resolutions 7-8 passed as Special Resolutions.

Compliance Confirmation

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • Relevant MCA and SEBI circulars