Meeting Details

  • Date: Wednesday, 24th June 2026
  • Time: 11:45 A.M.
  • Location: Registered Office at "Steel City Heights", # 50-81-18, Main Road, Seethammapeta, Visakhapatnam -530016, Andhra Pradesh, India
  • Type: 32nd Annual General Meeting

Proposed Resolutions and Implications

Five resolutions were put to vote:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated) for FY ended 31st March 2026

2. Ordinary Resolution: Confirmation of 1st, 2nd and 3rd Interim Dividend and declaration of Final Dividend for FY 2025-26

3. Ordinary Resolution: Re-appointment of Smt. G. V. Vandana (DIN:07548398) as Director liable to retire by rotation

4. Ordinary Resolution: Ratification of appointment of Statutory Auditors for FY 2026-27 following change in constitution of the firm

5. Ordinary Resolution: Appointment of Sri. Nunna Satya Kumar (DIN: 11697244) as Independent Director for five years

Voting Process and Methods

  • Remote e-voting period: Sunday, 27th June 2026 (9:00 A.M. IST) to Tuesday, 23rd June 2026 (5:00 P.M. IST) through Bigshare Services Private Limited platform
  • Voting through ballot paper at AGM for members who attended but didn't vote remotely
  • Votes unblocked on Wednesday, 24th June 2026 after AGM conclusion, witnessed by Mr. B. Krishna Rao and Mr. L. Appala Naidu

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 68 members, 1,18,06,388 shares
  • In favor: 68 members, 1,18,06,388 shares (100.00%)
  • Against: 0 members, 0 shares
  • Invalid: 0 members, 0 shares
  • Remote e-voting: 28 members, 45,72,477 shares (38.73%)
  • Ballot paper: 40 members, 72,33,977 shares (61.27%)

Resolution 2: Dividend Declaration

  • Total votes cast: 68 members, 1,18,06,388 shares
  • In favor: 67 members, 1,18,06,387 shares (100.00%)
  • Against: 1 member, 1 share
  • Invalid: 0 members, 0 shares
  • Remote e-voting: 27 members, 45,72,470 shares (38.73%)
  • Ballot paper: 40 members, 72,33,977 shares (61.27%)

Resolution 3: Re-appointment of Director

  • Total valid votes cast: 65 members, 65,95,234 shares
  • In favor: 65 members, 65,95,234 shares (100.00%)
  • Against: 0 members, 0 shares
  • Invalid: 3 members, 52,11,154 shares (Smt. G. V. Vandana and relatives Dr. Pyla Madhuu and Smt. Guruvu Sirisha were interested parties)
  • Remote e-voting: 27 members, 27,28,740 shares
  • Ballot paper: 38 members, 44,66,494 shares

Resolution 4: Auditor Appointment

  • Total votes cast: 68 members, 1,18,06,388 shares
  • In favor: 68 members, 1,18,06,387 shares (100.00%)
  • Against: 1 member, 1 share
  • Invalid: 0 members, 0 shares
  • Remote e-voting: 27 members, 45,72,470 shares (38.73%)
  • Ballot paper: 40 members, 72,33,917 shares (61.27%)

Resolution 5: Independent Director Appointment

  • Total valid votes cast: 67 members, 1,18,06,013 shares
  • In favor: 67 members, 1,18,06,013 shares (100.00%)
  • Against: 0 members, 0 shares
  • Invalid: 1 member, 375 shares (Sri. Nunna Satya Kumar was interested party)
  • Remote e-voting: 27 members, 45,72,477 shares (38.73%)
  • Ballot paper: 40 members, 72,33,542 shares (61.27%)

Scrutinizer's Role and Findings

  • K. Surendra, Company Secretary in Practice (M No: 34205, C P No: 72732, DIN: A034205H0006A7902) appointed as Scrutinizer
  • Scrutinized remote e-voting and voting through ballot paper
  • Relied on reports generated by Bigshare Services Private Limited
  • Verified voting process was conducted in compliance with applicable regulations
  • All resolutions passed with requisite majority

Compliance Confirmation

Process conducted in compliance with:

  • Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Sections 108 of the Companies Act 2013
  • Rules 20 of the Companies (Management and Administration) Rules, 2014
  • Secretarial Standard - 2 on General Meetings