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

Skyways Air Services Limited (Formerly Skyways Air Services Private Limited)

Meeting Details

The 42nd Annual General Meeting was held on Wednesday, September 30, 2026, at 03:00 P.M through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The record date for determining shareholder eligibility was September 23, 2026, with 120,936 total shareholders on record.

Shareholder Participation

  • Total shareholders present in meeting (in person or through proxy): 0
  • Shareholders attended through video conferencing: 65 (2 Promoters and Promoter Group, 63 Public)
  • Total resolutions passed: 9

Proposed Resolutions and Implications

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • To receive, consider and adopt: (a) The audited Standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors; (b) The audited consolidated financial statement for FY ended March 31, 2026, and report of Auditors
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,424 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,022,030 votes (66.75% of outstanding shares), 99.9974% in favor
  • Result: Passed

Resolution 2: Final Dividend Approval (Ordinary Resolution)

  • To approve Final Dividend for Financial Year 2025-26
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,424 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,022,030 votes (66.75% of outstanding shares), 99.9975% in favor
  • Result: Passed

Resolution 3: Reappointment of Mr. Himanshu Chhabra (Ordinary Resolution)

  • To appoint Mr. Himanshu Chhabra (DIN: 09018796) who retires by rotation
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,324 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,021,930 votes (66.75% of outstanding shares), 99.9971% in favor
  • Result: Passed

Resolution 4: Reappointment of Mr. Yashpal Sharma (Special Resolution)

  • To consider and approve Re-appointment of Mr. Yashpal Sharma (DIN: 00520359) as Chairman and Managing Director
  • Promoters interested: Yes
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,324 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,021,930 votes (66.75% of outstanding shares), 99.9971% in favor
  • Result: Passed

Resolution 5: Remuneration Increase for Mr. Tarun Sharma (Special Resolution)

  • To consider and approve increase in remuneration of Mr. Tarun Sharma (DIN: 06501856), Whole-time director
  • Promoters interested: Yes
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,223 shares voted (14.22% of held), 99.94% in favor (0.06% against)
  • Total: 97,021,829 votes (66.75% of outstanding shares), 99.9962% in favor
  • Result: Passed

Resolution 6: Remuneration Increase for Mr. Himanshu Chhabra (Special Resolution)

  • To consider and approve increase in Remuneration of Mr. Himanshu Chhabra (DIN: 09018796), Whole-time director cum CFO
  • Promoters interested: Yes
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,223 shares voted (14.22% of held), 99.94% in favor (0.06% against)
  • Total: 97,021,829 votes (66.75% of outstanding shares), 99.9962% in favor
  • Result: Passed

Resolution 7: Remuneration Increase for Mr. Rohit Sehgal (Special Resolution)

  • To consider and approve increase in Remuneration of Mr. Rohit Sehgal (DIN: 09018800), Whole-time director
  • Promoters interested: No
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,223 shares voted (14.22% of held), 99.94% in favor (0.06% against)
  • Total: 97,021,829 votes (66.75% of outstanding shares), 99.9962% in favor
  • Result: Passed

Resolution 8: Remuneration Increase for Mr. Rajiv Gul Hariramani (Special Resolution)

  • To consider and approve increase in Remuneration of Mr. Rajiv Gul Hariramani (DIN: 09815311), Whole-time director
  • Promoters interested: No
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,224 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,021,830 votes (66.75% of outstanding shares), 99.9963% in favor
  • Result: Passed

Resolution 9: Appointment of Secretarial Auditor (Ordinary Resolution)

  • Appointment of M/S. MSTR & Associates, Company Secretaries as Secretarial Auditor
  • Promoter voting: 82,578,762 shares voted (100% of held), 100% in favor
  • Public Institutions: 7,782,844 shares voted (48.82% of held), 100% in favor
  • Public Non-Institutions: 6,660,324 shares voted (14.22% of held), 99.96% in favor (0.04% against)
  • Total: 97,021,930 votes (66.75% of outstanding shares), 99.9972% in favor
  • Result: Passed

Voting Process and Methods

The voting was conducted through remote e-voting facilitated by NSDL, the authorized agency engaged by the Company. The e-voting period was from September 27, 2026 (9:00 A.M.) to September 29, 2026 (5:00 P.M.). No physical polling or postal ballot was conducted as the meeting was held through VC/OAVM.

Scrutinizer's Role and Findings

Teena Rani, Sole proprietor of MSTR & Associates, Company Secretaries, was appointed as Scrutinizer by the Board of Directors vide resolution dated August 28, 2026. The scrutinizer's responsibilities included:

  • Scrutinizing the entire voting process including remote e-voting
  • Submitting report to the Chairman cum Managing Director or Company Secretary
  • Ensuring compliance with Companies Act 2013, SEBI LODR regulations, and Secretarial Standard-2

The scrutinizer confirmed that all resolutions were passed with the requisite majority based on data downloaded from NSDL's official website. The report included detailed breakdown of votes for each resolution by voting method and shareholder category.

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Secretarial Standard-2 issued by ICSI