Meeting Details

  • Date of Meeting: September 14, 2026
  • Meeting Type: 41st Annual General Meeting
  • Meeting Time: 10:20 AM to 11:00 AM
  • Mode: Virtual meeting through video conferencing
  • Record Date: September 7, 2026
  • Total Shareholders on Record Date: 112,193
  • Shareholder Attendance: 4 promoter group members and 26 public shareholders attended via video conferencing

Scrutinizer Details

  • Name: N. Ramanathan
  • Firm: S. Dhanapal & Associates LLP
  • Qualification: Company Secretary
  • Membership Number: 6665
  • Appointment Date: June 30, 2026
  • Report Issuance Date: September 15, 2026

Voting Results Summary

Total of 10 resolutions were considered at the AGM. The scrutinizer report provides detailed voting results for each resolution.

Resolution-wise Details

Resolution 1: Adoption of Audited Financial Statements (Ordinary Resolution)

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Cast: 27,848,559 shares (60.3862% of outstanding shares)
  • Votes in Favor: 27,308,177 shares (98.0596% of votes cast)
  • Votes Against: 540,382 shares (1.9404% of votes cast)
  • Result: Passed

Resolution 2: Re-appointment of Director Dr. Venkatasubramanian V Meenakshi (Ordinary Resolution)

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • DIN: 10680038
  • Total Votes Cast: 27,848,559 shares (60.3862% of outstanding shares)
  • Votes in Favor: 27,302,892 shares (98.0406% of votes cast)
  • Votes Against: 545,667 shares (1.9594% of votes cast)
  • Result: Passed

Resolution 3: Approval to Sell, Lease or Dispose of Whole Undertaking (Special Resolution)

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Cast: 27,848,508 shares (60.3861% of outstanding shares)
  • Votes in Favor: 27,303,000 shares (98.0412% of votes cast)
  • Votes Against: 545,508 shares (1.9588% of votes cast)
  • Result: Passed

Resolution 4: Increase in Authorized Share Capital (Ordinary Resolution)

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Total Votes Cast: 27,848,508 shares (60.3861% of outstanding shares)
  • Votes in Favor: 27,308,125 shares (98.0596% of votes cast)
  • Votes Against: 540,383 shares (1.9404% of votes cast)
  • Result: Passed

Resolution 5: Issue of Equity Shares on Rights Basis (Special Resolution)

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Cast: 27,848,559 shares (60.3862% of outstanding shares)
  • Votes in Favor: 27,308,072 shares (98.0592% of votes cast)
  • Votes Against: 540,487 shares (1.9408% of votes cast)
  • Result: Passed

Resolution 6: Borrowing Powers of the Board (Special Resolution)

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Cast: 27,848,508 shares (60.3861% of outstanding shares)
  • Votes in Favor: 27,308,017 shares (98.0592% of votes cast)
  • Votes Against: 540,491 shares (1.9408% of votes cast)
  • Result: Passed

Resolution 7: Creation of Charges/Mortgage under Section 180(1)(a) (Special Resolution)

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Cast: 27,844,043 shares (60.3764% of outstanding shares)
  • Votes in Favor: 27,303,558 shares (98.0589% of votes cast)
  • Votes Against: 540,485 shares (1.9411% of votes cast)
  • Result: Passed

Resolution 8: Raising Funds Up to ₹500 Crores (Special Resolution)

  • Resolution Type: Special
  • Promoter Interest: No
  • Total Votes Cast: 27,848,559 shares (60.3862% of outstanding shares)
  • Votes in Favor: 27,308,073 shares (98.0592% of votes cast)
  • Votes Against: 540,486 shares (1.9408% of votes cast)
  • Result: Passed

Resolution 9: Redemption of Preference Shares (₹12.95 Crore) (Ordinary Resolution)

  • Resolution Type: Ordinary
  • Promoter Interest: Yes
  • Total Votes Cast: 27,848,508 shares
  • Invalid Votes: 27,284,780 shares (treated as invalid due to promoter interest)
  • Net Valid Votes: 563,728 shares (1.2224% of outstanding shares)
  • Votes in Favor: 21,841 shares (3.8744% of valid votes)
  • Votes Against: 541,887 shares (96.1256% of valid votes)
  • Result: Not Passed

Resolution 10: Redemption of Debentures (₹7 Crore) (Ordinary Resolution)

  • Resolution Type: Ordinary
  • Promoter Interest: Yes
  • Total Votes Cast: 27,848,559 shares
  • Invalid Votes: 27,284,780 shares (treated as invalid due to promoter interest)
  • Net Valid Votes: 563,779 shares (1.2225% of outstanding shares)
  • Votes in Favor: 21,896 shares (3.8838% of valid votes)
  • Votes Against: 541,883 shares (96.1162% of valid votes)
  • Result: Not Passed

Shareholding Pattern

  • Total Outstanding Shares: 46,117,443
  • Promoter and Promoter Group: 27,288,780 shares (59.18%)
  • Public Institutions: 19,100 shares (0.04%)
  • Public Non-Institutions: 18,809,563 shares (40.78%)

Voting Participation Analysis

  • Promoter voting participation was nearly 100% across all resolutions (99.9853%)
  • Public institutions showed minimal participation (0% voting)
  • Public non-institutions participation ranged from 2.9733% to 2.9973% across resolutions
  • Significant opposition from public non-institutions was observed on several resolutions, with against votes ranging from 95.85% to 96.79%