Key Quantitative Figures & Voting Results
The resolution for Item No. 5 (Special Business) was passed with the following results:
Votes in Favor:
- Number of members: 10
- Number of votes (shares): 15,10,06,281
- Percentage of valid votes cast: 99.99%
Votes Against:
- Number of members: 1
- Number of votes (shares): 1,635
- Percentage of valid votes cast: 0.0011%
Invalid Votes:
- Number of members: 0
- Number of votes: 0
Dates of Action
- Date of AGM: September 25, 2026
- Date of Addendum: September 18, 2026
- Original Cut-off Date for Voting Rights: September 18, 2026
- Board Meeting Date (approving remedial vote): October 1, 2026
- Remedial E-Voting Start Date: October 7, 2026 (09:00 A.M. IST)
- Remedial E-Voting End Date: October 9, 2026 (05:00 P.M. IST)
- Votes Unblocked: October 9, 2026
- Scrutinizer's Report Date: October 12, 2026
- Letter to BSE Date: October 12, 2026
Parties Involved
- Stock Exchange: BSE Limited
- Scrutinizer: PCS Rupal Patel (Practicing Company Secretary, M. No. 6275)
- E-Voting Agency: National Securities Depository Limited (NSDL)
- Managing Director: Raghvendra G Kulkarni (DIN: 06970323)
Purpose & Rationale
The resolution sought enabling authorization for the monetization, sale, and disposal of the company's non-operational barren land asset in Gujarat. The authorization was sought under Section 180(1)(a) of the Companies Act, 2013. The remedial voting window was provided due to technical system integration and setup delays at the end of NSDL and the Registrar and Share Transfer Agent (RTA), which prevented the activation of the electronic voting dashboard for this item during the original AGM voting timeline.
Financial Impact
Financial impact not quantified in the disclosure. The resolution is an enabling authorization for a future disposal.