Meeting Details

The 35th Annual General Meeting was held on Thursday, August 13, 2026, at 11:00 AM through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 11:00 AM and concluded at 12:20 PM. The record date for determining shareholders entitled to vote was Thursday, August 6, 2026.

Proposed Resolutions and Implications

The AGM considered 11 resolutions covering both ordinary and special business:

Ordinary Business:

  • Resolution 1: To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 with Board and Auditor reports
  • Resolution 2: Re-appointment of Mrs. Shashi Agarwal (DIN: 06687549) who retired by rotation
  • Resolution 3: Appointment of M/s Raghu Nath Rai and Co. as Statutory Auditors

Special Business:

  • Resolution 4: To maintain borrowing limit under Section 180(1)(c) of Companies Act, 2013
  • Resolution 5: Approval for Material Related Party Transaction
  • Resolution 6: Making investments/extending loans and giving guarantees under Section 186
  • Resolution 7: Loans, Investments, Guarantee or Security under Section 185
  • Resolution 8: Re-appointment of Mr. Mukesh Kumar Aggarwal (DIN: 00231651) as Managing Director
  • Resolution 9: Appointment of Mr. Sudeepta Ranjan Rout (DIN: 05106254) as Independent Director
  • Resolution 10: Appointment of Mr. Varun Bansal (DIN: 09233433) as Independent Director
  • Resolution 11: Appointment of Mr. Vikash Jalan (DIN: 09234205) as Independent Director

Voting Process and Methods

The company provided remote e-voting facility through KFin Technologies Limited (KFintech). The voting period commenced on Sunday, August 9, 2026, at 10:00 AM and concluded on Wednesday, August 12, 2026, at 5:00 PM. Shareholders who attended the virtual meeting but could not participate in remote e-voting were provided facility to vote electronically during the AGM.

Newspaper advertisements were published in Business Standard (English) on Thursday, July 16, 2026, and Business Standard (Hindi) on Wednesday, July 22, 2026, as required under MCA circulars and Rule 20 of Companies (Management and Administration) Rules, 2014.

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 14,019
  • Total shares outstanding: 29,000,004
  • Total votes cast: 20,239,683 shares (69.792% of outstanding shares)
  • Promoter & Promoter Group attendance: 13 shareholders via VC
  • Public shareholders attendance: 68 shareholders via VC

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,563 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 2 (Ordinary - Director Re-appointment):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 3 (Ordinary - Auditor Appointment):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 4 (Special - Borrowing Limits):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 5 (Ordinary - Related Party Transaction):

  • Total valid votes: 10,276,657
  • Votes in favor: 10,271,535 (99.9502%)
  • Votes against: 5,122 (0.0498%)

Resolution 6 (Special - Investments/Loans):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,195,728 (99.7828%)
  • Votes against: 43,955 (0.2172%)

Resolution 7 (Special - Loans/Investments):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,195,728 (99.7828%)
  • Votes against: 43,955 (0.2172%)

Resolution 8 (Special - MD Re-appointment):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,195,728 (99.7828%)
  • Votes against: 43,955 (0.2172%)

Resolution 9 (Special - Independent Director):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 10 (Special - Independent Director):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Resolution 11 (Special - Independent Director):

  • Total valid votes: 20,239,683
  • Votes in favor: 20,234,561 (99.9747%)
  • Votes against: 5,122 (0.0253%)

Category-wise Voting Breakdown:

Promoter & Promoter Group (21,706,792 shares):

  • E-voting: 16,329,515 shares (75.2277% of promoter holding)
  • Poll voting: 3,666,497 shares (16.891% of promoter holding)
  • Total votes polled: 19,996,012 shares (92.1187% of promoter holding)
  • 100% voted in favor on all resolutions where they participated

Public Institutions (38,833 shares):

  • E-voting: 38,833 shares (100% of institutional holding)
  • 100% voted in favor on all resolutions

Public Non-Institutions (7,254,379 shares):

  • E-voting: 9,065 shares (0.125% of non-institutional holding)
  • Poll voting: 195,773 shares (2.6987% of non-institutional holding)
  • Total votes polled: 204,838 shares (2.8236% of non-institutional holding)
  • Voting pattern showed some opposition with 5,122 votes against on certain resolutions

Scrutinizer's Role and Findings

Sachin Agarwal, Partner of Agarwal S. & Associates, Company Secretaries, was appointed as Scrutinizer by the Board of Directors on July 15, 2026. His responsibilities included scrutinizing the remote e-voting process and voting at the AGM, and preparing this consolidated report.

The votes were unblocked and downloaded on August 13, 2026, in the presence of two independent witnesses: Ms. Shweta Jain and Mr. Ravi Agrawal. The scrutinizer verified that all resolutions were passed with requisite majority and confirmed the fairness and transparency of the voting process.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA and SEBI circulars

Additional Information

  • Company Registered Office: Office No- 202, 2nd Floor, Vikramaditya Tower, Alaknanda Market, Delhi-110019
  • Scrutinizer's Office: D-427, 2nd Floor, Palam Extn., Ramphal Chowk, Sector 7, Dwarka, New Delhi-110075
  • The report was issued on August 14, 2026, and is intended for submission to stock exchanges and placement on company and KFintech websites only.