Meeting Details
- Date: Tuesday, 18th August, 2026
- Time: 3:00 PM to 4:00 PM
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type: Annual General Meeting
- Record Date: 11th August, 2026
- Total Shareholders on Record Date: 45,914
Proposed Resolutions and Implications
Four resolutions were considered at the AGM:
Ordinary Business:
1. Adoption of audited financial statements for FY2026 including:
- Standalone Balance Sheet as at 31st March, 2026
- Standalone Statement of Profit and Loss (including other Comprehensive Income)
- Standalone Statement of Changes in Equity
- Standalone Cash Flow Statement
- Consolidated Audited Balance Sheet as at 31st March, 2026
- Consolidated Statement of Profit and Loss (including Other Comprehensive Income)
- Consolidated Statement of Changes in Equity
- Consolidated Cash Flow Statement
2. Confirmation of Interim Dividend of ₹0.55 per equity share declared and paid for FY2025-2026 and approval of Final Dividend of ₹0.25 per equity share for FY2025-2026
3. Re-appointment of Smt. Divya P Mafatlal (DIN: 00011525) as Director who retires by rotation
Special Business:
4. Re-appointment of Shri Khurshed Thanawalla (DIN: 00201749) as Non-Executive Independent Director for 5 years from 19th May, 2027 to 18th May, 2032
Voting Process and Methods
- Remote E-voting period: Friday, 14th August, 2026 (9:00 AM) to Monday, 17th August, 2026 (5:00 PM)
- E-voting service provider: KFin Technologies Limited
- Voting portal: http://evoting.kfintech.com
- During AGM: E-voting (Insta-Poll) facility provided for members present through VC/OAVM
- Scrutinizer: Kaushik M. Jhaveri of Kaushik M. Jhaveri & Co. (appointed on 12th May, 2026)
Key Voting Outcomes
Overall Participation
- Total outstanding shares: 64,328,941
- Total votes cast: 38,195,040 (59.3746% participation)
Resolution-wise Results:
Resolution 1 (Ordinary - Financial Statements):
- Total votes in favor: 38,079,340 (99.6971%)
- Votes against: 115,700 (0.3029%)
- Result: Passed
Resolution 2 (Ordinary - Dividend):
- Total votes in favor: 38,195,038 (99.999%)
- Votes against: 2 (0.001%)
- Result: Passed
Resolution 3 (Ordinary - Director Re-appointment):
- Total votes in favor: 38,079,323 (99.6975%)
- Votes against: 115,717 (0.303%)
- Result: Passed
Resolution 4 (Special - Independent Director Re-appointment):
- Total votes in favor: 38,079,340 (99.6971%)
- Votes against: 115,700 (0.3029%)
- Result: Passed
Category-wise Voting Breakdown:
Promoter and Promoter Group (13,063,698 shares):
- Participation: 13,050,143 votes (99.8962%)
- Voted 100% in favor on all resolutions
Public-Institutions (2,552,146 shares):
- Participation: 0 votes (0%)
Public-Non Institutions (48,713,097 shares):
- Participation: 25,144,897 votes (51.6184%)
- Average favor: 99.5398-99.5399%
- Average against: 0.4601-0.4602%
Scrutinizer's Role and Findings
Kaushik M. Jhaveri was appointed as Scrutinizer to oversee both remote e-voting and e-voting during the AGM. The scrutinizer:
- Unblocked remote e-voting results after AGM conclusion in presence of two witnesses (Ms. Khushi Kapur and Ms. Ridhi Bhadra)
- Compiled consolidated results from both remote e-voting and insta-poll voting
- Maintained registers received from RTA and electronic voting data
- Confirmed all resolutions passed with requisite majority
- Handed over relevant records to Company Secretary for safe keeping
Compliance Confirmation
The meeting and voting process complied with:
- Section 108 of Companies Act, 2013
- Rule 20 of Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA General Circulars No. 14/2020, 17/2020, 20/2020, and 03/2025
- SEBI Circular No. SEBI/HO/CFD/CMDCIR/P/2020/242 dated December 9, 2020