AGM Details

  • Date of AGM: Thursday, August 6, 2026 at 12:30 p.m. (IST)
  • Total shareholders on record date: 92,034
  • Shareholder attendance: 1 promoter/promoter group member and 52 public shareholders attended through Video Conferencing
  • Record date for voting: July 30, 2026

Voting Results

All nine resolutions proposed at the AGM were approved with requisite majority and became effective from August 6, 2026. The consolidated voting results show:

  • Total shares outstanding: 10,62,89,824
  • Total votes polled: 4,59,24,030 (43.2064% of outstanding shares)

Resolution Details

1. Adoption of Financial Statements
  • Type: Ordinary Resolution
  • Result: Passed with requisite majority
  • Voting: 99.9950% in favor (4,59,21,731 votes), 0.0050% against (2,299 votes)
2. Final Dividend Declaration
  • Type: Ordinary Resolution
  • Dividend: ₹1.50 per equity share (15% of face value of ₹10) for financial year ended March 31, 2026
  • Result: Passed with requisite majority
  • Voting: 99.3039% in favor (4,56,04,340 votes), 0.6961% against (3,19,690 votes)
3. Reappointment of Director
  • Type: Ordinary Resolution
  • Director: Mr. Ranjit Jayant Shah (DIN: 00088405) as Non-Executive Non-Independent Investor Director
  • Term: Effective from conclusion of 18th AGM (August 6, 2026) until November 1, 2026
  • Result: Passed with requisite majority
  • Voting: 91.6959% in favor (4,21,10,469 votes), 8.3041% against (38,13,561 votes)
4. Reappointment of Chairman
  • Type: Ordinary Resolution
  • Director: Mr. Krishna Prasad Nair (DIN: 02611496) as Non-Executive Part-time Chairman (approved by RBI)
  • Result: Passed with requisite majority
  • Voting: 99.9954% in favor (4,59,21,932 votes), 0.0046% against (2,098 votes)
5. MD & CEO Remuneration
  • Type: Special Resolution
  • Executive: Mr. Baskar Babu Ramachandran (DIN: 02303132), Managing Director & Chief Executive Officer
  • Period: Financial Year 2026-27
  • Promoter interest: Yes
  • Result: Passed with requisite majority
  • Voting: 99.9795% in favor (4,37,03,047 votes), 0.0205% against (8,972 votes)
  • Note: 1,77,58,916 votes from Public Non-Institutions were cast, with 8,972 treated as invalid due to interested members
6. Whole-time Director Remuneration
  • Type: Ordinary Resolution
  • Executive: Mr. Hemant Premchand Shah (DIN: 10548728), Whole-time Director (Executive Director)
  • Period: Financial Year 2026-27
  • Promoter interest: No
  • Result: Passed with requisite majority
  • Voting: 99.9919% in favor (4,59,19,308 votes), 0.0081% against (3,722 votes)
  • Note: 1,77,58,016 votes from Public Non-Institutions were cast, with some treated as invalid due to interested members
7. Equity Fundraising
  • Type: Special Resolution
  • Amount: Up to ₹300 Crore
  • Purpose: Tier-1 Capital
  • Instruments: Equity Shares, equity linked securities, warrants, and/or any other eligible securities
  • Methods: Rights issue/Preferential Allotment/Private Placement/QIP or any other permissible mode(s)
  • Result: Passed with requisite majority
  • Voting: 99.6447% in favor (4,57,60,855 votes), 0.3553% against (1,63,175 votes)
8. Debt Fundraising
  • Type: Special Resolution
  • Amount: Up to ₹200 Crore
  • Purpose: Tier-2 Capital
  • Instruments: Bonds, Non-Convertible Debentures or other debt securities
  • Result: Passed with requisite majority
  • Voting: 99.9947% in favor (4,59,21,579 votes), 0.0053% against (2,451 votes)
9. ESOP Scheme Amendments
  • Type: Special Resolution
  • Scheme: Suryoday ESOP Scheme 2019
  • Result: Passed with requisite majority
  • Voting: 91.6940% in favor (4,21,08,195 votes), 8.3060% against (38,14,336 votes)

Scrutinizer Appointment and Report

  • Scrutinizer: Dhara Gala, Practicing Company Secretary (Membership No.: ACS 61949)
  • Appointment date: June 25, 2026
  • E-voting period: August 2, 2026 (9:00 a.m.) to August 5, 2026 (5:00 p.m.)
  • Vote unblocking: August 6, 2026 after AGM conclusion, witnessed by CS Priyanka Tank and Ms. Goutami Kshirsagar