Meeting Details

  • Date: 28th September 2026
  • Time: 02.00 P.M. (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: 55th Annual General Meeting
  • Chairman: Mr. Ashwin C Muthiah (DIN: 00255679)

Proposed Resolutions and Implications

The AGM considered 10 resolutions:

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for FY ended 31st March 2026

2. Declaration of dividend on equity shares for FY ended 31st March 2026

3. Re-appointment of Ms. Devaki Muthiah Chardon (DIN: 10073541) as Director retiring by rotation

4. Appointment of Thiru. P Sankar, IAS (DIN: 05125853) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited

5. Appointment of Thiru. Sanket Balvantrao Waghe, IAS (DIN: 11865401) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited

6. Approval and ratification of remuneration of Cost Auditors for FY 2026-27

Special Business:

7. Re-appointment of Mr. T K Arun (DIN: 02163427) as Independent Director

8. Payment of remuneration to Non-Executive Directors (including Independent Directors)

9. Revision in Remuneration to Mr. K R Anandan (DIN: 00314502), Whole-Time Director

10. Payment of Special Incentive to Mr. K R Anandan, Whole-Time Director for FY 2025-26

Voting Process and Methods

  • Remote e-voting period: 23rd September 2026 (9:30 AM IST) to 27th September 2026 (5:00 PM IST)
  • E-voting platform: Central Depository Services (India) Limited (CDSL)
  • Meeting e-voting: Facility remained open for fifteen minutes after conclusion of meeting for members present who hadn't voted remotely
  • Technical issue: Remote e-voting commenced on 23rd September due to technical glitch
  • Notice dispatch: Electronic notice sent on 4th September 2026, paper advertisement published on 19th August 2026

Key Voting Outcomes

Overall Participation:

  • Total shareholders on cut-off date: 116,261
  • Total outstanding shares: 203,640,336
  • Total valid votes cast: 109,816,420 (53.93% of outstanding shares)
  • Shareholders attending through VC: 62 (9 Promoters, 53 Public)

Resolution-wise Results:

1. Financial Statements Adoption: 99.99% assent (109,811,921 votes for, 4,499 against)

2. Dividend Declaration: 99.99% assent (109,812,261 votes for, 4,159 against)

3. Devaki Muthiah Chardon Re-appointment: 99.97% assent (109,788,081 votes for, 28,339 against)

4. P Sankar Appointment: 99.98% assent (109,800,831 votes for, 15,589 against)

5. Sanket Waghe Appointment: 99.97% assent (109,789,408 votes for, 27,012 against)

6. Cost Auditor Remuneration: 99.98% assent (109,800,862 votes for, 15,558 against)

7. T K Arun Re-appointment: 99.57% assent (109,347,597 votes for, 468,373 against)

8. Non-Executive Director Remuneration: 99.98% assent (109,794,568 votes for, 21,402 against)

9. K R Anandan Remuneration Revision: 99.97% assent (109,787,356 votes for, 28,634 against)

10. K R Anandan Special Incentive: 99.97% assent (109,787,354 votes for, 28,636 against)

Shareholder Category Breakdown (Resolution 1 as example):

  • Promoter & Promoter Group: 99.97% participation (99,745,488 shares held, 99,715,688 votes polled), 100% in favor
  • Public Institutions: 89.84% participation (9,285,918 shares held, 8,342,471 votes polled), 100% in favor
  • Public Non-Institutions: 1.86% participation (94,608,930 shares held, 1,758,261 votes polled), 99.74% in favor

Scrutinizer's Role and Findings

  • Scrutinizer: M/s. B. Chandra & Associates, Practising Company Secretaries
  • Appointment date: 20th August 2026
  • Report date: 29th September 2026
  • Findings: All resolutions passed with requisite majority (ordinary resolutions required simple majority, special resolutions required 3 times votes in favor)
  • Records maintained: Electronic register of assent/dissent with shareholder particulars
  • Custody: Voting records maintained by scrutinizer for handing over to company after chairman signs minutes

Additional Information

  • Cut-off date for shareholder eligibility: Not explicitly stated but implied as record date
  • No shares with differential voting rights exist
  • Corporate members required to provide scanned copies of Board resolutions/Power of Attorney for authorization
  • Quorum was present at meeting commencement
  • Voting data sheets and related records are in scrutinizer's safe custody