Meeting Details

  • Date: Wednesday, 26th August 2026
  • Time: 10:00 A.M. to 11:40 A.M.
  • Location: Registered office of the Company at Rehana Jattan, Teh. Phagwara, Distt. Kapurthala-144407
  • Type: 82nd Annual General Meeting

Summary of Proposed Resolutions and Implications

The AGM considered and voted on eight resolutions covering ordinary and special business:

Ordinary Business:

1. Adoption of Directors' Report, Auditors' Report, and Audited Financial Statements for FY ended 31.03.2026

2. Declaration of Dividend @ ₹1 per Equity Share (20% on face value of ₹5)

3. Re-appointment of Sh. Kuldip Krishan Sardana (DIN: 00398376) as Managing Director who retired by rotation

Special Business:

4. Re-appointment of Sh. M.G. Sharma (DIN: 00398326) as Executive Director for 5 years (01.06.2026 to 31.05.2031)

5. Re-appointment of Smt. Shalini Umesh Chablani (DIN: 00885883) as Non-Executive Director for 3 years (01.09.2026 to 31.08.2029)

6. Appointment of Sh. Anil Sikka (DIN: 11746104) as Non-Executive Independent Director for 5 years (26.08.2026 to 25.08.2031)

7. Appointment of Sh. Sanjeev Kumar (DIN: 10783179) as Non-Executive Independent Director for 5 years (26.08.2026 to 25.08.2031)

8. Ratification of remuneration of Cost Auditors for FY 2026-27

Voting Process and Methods

The company provided multiple voting methods in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI LODR:

  • E-voting: Services of NSDL were utilized for electronic voting
  • Ballot voting: Physical ballot forms were distributed during the AGM for members present who hadn't voted electronically
  • Scrutinizer: Sh. Parminder Pal Singh Rally, Practicing Company Secretary, was appointed to conduct the e-voting and ballot process

Key Voting Outcomes

All resolutions were passed with near-unanimous approval. The combined results (e-voting + ballot) were:

Resolution 1 - Adoption of Financial Statements:

  • Total votes cast: 16,237,563
  • Votes in favor: 16,237,561 (99.999%)
  • Votes against: 2 (0.001%)

Resolution 2 - Dividend Declaration:

  • Total votes cast: 16,237,563
  • Votes in favor: 16,237,525 (99.999%)
  • Votes against: 38 (0.001%)

Resolution 3 - Re-appointment of K.K. Sardana:

  • Total votes cast: 8,771,978
  • Votes in favor: 8,771,939 (99.999%)
  • Votes against: 39 (0.001%)

Resolution 4 - Re-appointment of M.G. Sharma:

  • Total votes cast: 16,218,304
  • Votes in favor: 16,218,265 (99.999%)
  • Votes against: 39 (0.001%)

Resolution 5 - Re-appointment of S.U. Chablani:

  • Total votes cast: 16,237,563
  • Votes in favor: 16,237,524 (99.999%)
  • Votes against: 39 (0.001%)

Resolution 6 - Appointment of Anil Sikka:

  • Total votes cast: 16,237,113
  • Votes in favor: 16,237,074 (99.999%)
  • Votes against: 39 (0.001%)

Resolution 7 - Appointment of Sanjeev Kumar:

  • Total votes cast: 16,237,563
  • Votes in favor: 16,237,525 (99.999%)
  • Votes against: 38 (0.001%)

Resolution 8 - Ratification of Cost Auditors' Remuneration:

  • Total votes cast: 16,237,563
  • Votes in favor: 16,237,560 (99.999%)
  • Votes against: 3 (0.001%)

Scrutinizer's Role and Findings

Sh. Parminder Singh Rally, Practicing Company Secretary, was appointed as Scrutinizer. He submitted his report on 26th August 2026, which was acknowledged as the result of the AGM. The report combined votes cast electronically and through ballot, confirming all resolutions were passed.

Compliance Confirmation

The document confirms compliance with applicable laws and regulations including:

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