Meeting Details

  • Date of Meeting: Friday, September 25, 2026
  • Time of Meeting: 12:00 Noon IST
  • Location/Type: The meeting was held through Video Conferencing (VC)/Other Audio Visual Mode (OAVM), without a physical venue, as permitted by MCA and SEBI circulars.
  • Cut-off Date: September 18, 2026
  • Total Shareholders on Record Date: 98,363

Proposed Resolutions and Implications

The Notice of the 33rd AGM contained four resolutions for shareholder approval:

1. Ordinary Resolution: To receive, consider, and adopt the Financial Statements for the financial year ended March 31, 2026, including the Audited Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, and reports of the Board of Directors and Statutory Auditors.

2. Ordinary Resolution: To appoint a Director in place of Mr. Padamdeep Singh Handa (DIN: 10809817), who retired by rotation and offered himself for re-appointment.

3. Ordinary Resolution: To confirm the payment of an interim dividend of Re. 0.50 per equity share (face value Rs. 10) for FY 2025-26.

4. Special Resolution: To approve a revision in the remuneration of Mr. Padamdeep Singh Handa, Whole Time Director and CEO, for FY 2026-27.

Voting Process

  • Methods Used: Remote e-voting and electronic voting (e-voting) during the AGM.
  • Remote E-voting Period: Commenced on Tuesday, September 22, 2026, at 09:00 AM and ended on Thursday, September 24, 2026, at 05:00 PM.
  • System Provider: MUFG Intime India Private Limited was engaged to provide the e-voting platform.
  • Notice Dispatch: The AGM notice was sent to shareholders via electronic mode on September 3, 2026.
  • Public Advertisement: An advertisement was published in the 'Financial Express' (English) and 'Sakal' (Marathi) on Tuesday, September 1, 2026.
  • Attendance: 39 shareholders attended the meeting through VC/OAVM (1 Promoter, 38 Public).

Key Voting Outcomes

Based on the Scrutinizer's Consolidated Report, all resolutions were passed by the requisite majority. The vote unblocking and counting were done in the presence of two independent witnesses.

Resolution-wise Results:

Resolution 1 (Ordinary - Adoption of Financial Statements)

  • Total Votes Cast: 9,04,97,294
  • In Favour: 9,04,97,294 votes (99.99%)
  • Against: 2,290 votes (0.01%)
  • Invalid Votes: Nil

Resolution 2 (Ordinary - Re-appointment of Director)

  • Total Votes Cast: 9,04,99,584
  • In Favour: 9,04,96,924 votes (99.99%)
  • Against: 2,660 votes (0.01%)
  • Invalid Votes: Nil

Resolution 3 (Ordinary - Confirmation of Interim Dividend)

  • Total Votes Cast: 9,04,99,584
  • In Favour: 9,04,95,594 votes (99.99%)
  • Against: 3,990 votes (0.01%)
  • Invalid Votes: Nil

Resolution 4 (Special - Revision of Remuneration)

  • Total Votes Cast: 9,04,99,584
  • In Favour: 9,04,82,030 votes (99.98%)
  • Against: 17,554 votes (0.02%)
  • Invalid Votes: Nil

Shareholder Category Breakdown (From Attached Table):

  • Promoter & Promoter Group: Held 8,35,60,846 shares. Voted 100% in favour on all resolutions where they were eligible (Resolutions 1, 2, 3, 4).
  • Public Institutions: Held 63,45,431 shares. Average participation rate was ~65%. Voted 100% in favour on all resolutions.
  • Public Non-Institutions: Held 7,71,81,718 shares. Average participation rate was ~3.64%. Showed minor opposition on Resolutions 1 (0.08%), 2 (0.09%), 3 (0.14%), and 4 (0.62%).
  • Overall Vote Polled: 54.16% of total outstanding shares.

Scrutinizer's Role and Findings

  • Appointed Scrutinizer: Mr. Nagendra D Rao, Designated Partner of M/s. Nagendra D Rao & Associates LLP, Company Secretaries (Firm Reg. No. AAK-4698).
  • Appointment Date: August 5, 2026, via Board Resolution.
  • Role: To scrutinize the remote e-voting and e-voting process in a fair and transparent manner as per Section 108 of the Companies Act, 2013.
  • Findings: The scrutinizer reviewed the data downloaded from the e-voting system and confirmed that all resolutions were passed by the requisite majority. No invalid votes were recorded for any resolution.
  • Custody of Records: The voting register and related records will remain with the scrutinizer until the Chairman approves the meeting minutes, after which they will be handed to the Company Secretary.

Compliance Confirmation

The document confirms that the meeting was convened and the voting process was conducted in compliance with:

  • The Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
  • MCA General Circular No. 03/2025 dated September 22, 2025.
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024.

Additional Information

  • Company Registered Office: Plot No. M-8, Taloja Industrial Area, MIDC, Raigad, Navi Mumbai, Maharashtra - 410206
  • Company Website: www.snowman.in
  • Trading Symbol (NSE): SNOWMAN
  • The voting results were also uploaded to the company's website (<https://snowman.in/>).