Event Overview

The 23rd Annual General Meeting (AGM) of Sula Vineyards Limited was held on Thursday, 25th June, 2026, through Video Conferencing/Other Audio Visual Means facility. The meeting commenced at 2:00 PM IST and concluded at 3:43 PM IST.

Meeting Details

  • Record Date: 18th June, 2026
  • Total Shareholders on Record Date: 267,899
  • Members Attending via VC/OAVM: 74 members (1 from Promoter & Promoter Group, 73 Public)
  • Quorum: Present throughout meeting as required under Section 103 of Companies Act, 2013
  • Voting Period: Remote e-voting available from 9:00 AM on 22nd June to 5:00 PM on 24th June, 2026
  • E-voting at AGM: Available for 15 minutes after meeting conclusion
  • Scrutinizer: M/s. Martinho Ferrao & Associates, Practicing Company Secretaries

Attendees

Directors Present:

  • Mr. Alok Vajpeyi (Independent Director and Chairman)
  • Mr. Anant S. Iyer (Independent Director)
  • Mr. Chetan Desai (Independent Director)
  • Mr. Deepak Shahdadpuri (Non-Executive Director)
  • Mr. Nicholas Cator (Non-Executive Director)
  • Mr. Rajeev Samant (Managing Director and CEO)
  • Ms. Sangeeta Tanwani (Independent Director)

Key Managerial Personnel:

  • Mr. Abhishek Kapoor (Chief Financial Officer)
  • Mr. Gorakh Gaikwad (Chief Operating Officer)
  • Ms. Rinku More (CFO-Designate)
  • Ms. Gayathri Iyer (Company Secretary and Compliance Officer)

Business Transacted

Ordinary Business:

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

2. Declaration of final dividend of ₹2/- (100%) per equity share of face value ₹2 each for FY2026

3. Retirement by rotation of Mr. Nicholas Cator (DIN: 07068629) who did not seek re-appointment

Special Business:

4. Approval of payment of Commission to Non-executive Directors

Voting Results

Resolution 1: Adoption of Financial Statements

  • Result: Passed (Ordinary Resolution)
  • Total Votes Polled: 37,337,701 (44.214% of outstanding shares)
  • Votes in Favor: 37,337,001 (99.998% of votes polled)
  • Votes Against: 700 (0.002% of votes polled)

Resolution 2: Final Dividend Declaration

  • Result: Passed (Ordinary Resolution)
  • Total Votes Polled: 37,337,461 (44.214% of outstanding shares)
  • Votes in Favor: 37,334,502 (99.992% of votes polled)
  • Votes Against: 2,959 (0.008% of votes polled)

Resolution 3: Retirement of Nicholas Cator

  • Result: Passed (Ordinary Resolution)
  • Total Votes Polled: 37,337,694 (44.214% of outstanding shares)
  • Votes in Favor: 37,328,700 (99.976% of votes polled)
  • Votes Against: 8,994 (0.024% of votes polled)

Resolution 4: Commission to Non-executive Directors

  • Result: Passed (Special Resolution)
  • Total Votes Polled: 37,157,878 (44.0% of outstanding shares)
  • Votes in Favor: 37,137,861 (99.946% of votes polled)
  • Votes Against: 20,017 (0.054% of votes polled)
  • Invalid Votes: 180,323 votes from two interested directors (Mr. Alok Vajpeyi - 120,323 shares and Ms. Sangeeta Tanwani - 60,000 shares)

Additional Information

  • Mr. Nicholas Cator retired by rotation and ceased to be director after meeting conclusion
  • The company expressed appreciation for Mr. Cator's contributions during his tenure
  • All statutory registers were available for inspection during the meeting
  • The scrutinizer's report confirmed all resolutions passed with requisite majority