Meeting Details

  • Date of AGM: August 4, 2026
  • Meeting Type: 39th Annual General Meeting conducted through Video Conferencing/Other Audio Visual Means
  • Cut-off date: Tuesday, July 28, 2026
  • Total shareholders on record: 141,337
  • Shareholder attendance: 12 Promoters and Promoter Group members and 70 Public shareholders attended through Video Conferencing

Proposed Resolutions and Implications

Five resolutions were proposed and approved at the AGM:

1. Receipt and adoption of audited standalone financial statements for FY ended March 31, 2026, together with reports of board of directors and auditors (Ordinary Resolution)

2. Receipt and adoption of audited consolidated financial statements for FY ended March 31, 2026, together with report of auditors (Ordinary Resolution)

3. Confirmation of payment of three interim dividends aggregating to ₹4.00 per share and declaration of final dividend of ₹5.00 per share on equity shares for financial year 2025-26 (Ordinary Resolution)

4. Re-appointment of Ms. Jonaki Bakeri (DIN: 06950998) who retires by rotation (Ordinary Resolution)

5. Re-appointment of Mr. Nrupesh Shah (DIN: 00397701) as Managing Director - Corporate Affairs (Special Resolution)

None of the resolutions had promoter/promoter group interest.

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Conducted from Friday, July 3, 2026 (9:00 a.m.) to Monday, August 3, 2026 (5:00 p.m.) through National Securities Depository Limited's platform (https://www.evoting.nsdl.com/)
  • E-voting during AGM: Conducted during the Annual General Meeting on August 4, 2026

The scrutinizer was Jitendra Pravinbhai Leeya, Company Secretary in Practice, appointed to scrutinize both remote e-voting and e-voting at AGM processes.

Key Voting Outcomes

Resolution 1: Adoption of Standalone Financial Statements

  • Total votes cast: 5,96,84,389 shares (86.9130% of outstanding shares)
  • In favor: 5,96,84,221 shares (99.9997% of votes cast)
  • Against: 168 shares (0.0003% of votes cast)
  • Category breakdown:
  • Promoter & Promoter Group: 5,04,22,182 shares voted, 100% in favor
  • Public - Institutions: 68,24,517 shares voted (96.7856% participation), 100% in favor
  • Public - Non Institutions: 24,37,690 shares voted (21.7689% participation), 99.9931% in favor (168 against)

Resolution 2: Adoption of Consolidated Financial Statements

  • Total votes cast: 5,96,84,389 shares (86.9130% of outstanding shares)
  • In favor: 5,96,84,221 shares (99.9997% of votes cast)
  • Against: 168 shares (0.0003% of votes cast)
  • Category breakdown identical to Resolution 1

Resolution 3: Dividend Declaration

  • Total votes cast: 5,97,46,274 shares (87.0031% of outstanding shares)
  • In favor: 5,97,46,122 shares (99.9997% of votes cast)
  • Against: 152 shares (0.0003% of votes cast)
  • Category breakdown:
  • Promoter & Promoter Group: 5,04,22,182 shares voted, 100% in favor
  • Public - Institutions: 68,86,402 shares voted (97.6633% participation), 100% in favor
  • Public - Non Institutions: 24,37,690 shares voted (21.7689% participation), 99.9938% in favor (152 against)

Resolution 4: Re-appointment of Ms. Jonaki Bakeri

  • Total votes cast: 5,97,46,274 shares (87.0031% of outstanding shares)
  • In favor: 5,97,45,417 shares (99.9986% of votes cast)
  • Against: 857 shares (0.0014% of votes cast)
  • Category breakdown:
  • Promoter & Promoter Group: 5,04,22,182 shares voted, 100% in favor
  • Public - Institutions: 68,86,402 shares voted (97.6633% participation), 99.9980% in favor (139 against)
  • Public - Non Institutions: 24,37,690 shares voted (21.7689% participation), 99.9705% in favor (718 against)

Resolution 5: Re-appointment of Mr. Nrupesh Shah

  • Total votes cast: 5,97,46,274 shares (87.0031% of outstanding shares)
  • In favor: 5,97,45,517 shares (99.9987% of votes cast)
  • Against: 757 shares (0.0013% of votes cast)
  • Category breakdown:
  • Promoter & Promoter Group: 5,04,22,182 shares voted, 100% in favor
  • Public - Institutions: 68,86,402 shares voted (97.6633% participation), 100% in favor
  • Public - Non Institutions: 24,37,690 shares voted (21.7689% participation), 99.9689% in favor (757 against)

Scrutinizer's Role and Findings

Jitendra Pravinbhai Leeya, Practicing Company Secretary (ACS/FCS No.: A31232, COP No.: 14503, PR No: 2089/2022, UDIN: A031232H001015534), was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting at AGM processes.

Key scrutinizer findings:

  • Votes were unblocked on August 4, 2026 after AGM conclusion, witnessed by Mr. Krutarth Raval and Ms. Madhavi Radadiya
  • Remote e-voting period: July 3, 2026 (9:00 a.m.) to August 3, 2026 (5:00 p.m.)
  • Invalid votes: 405 votes across all resolutions
  • Abstentions: 61,885 votes for Resolutions 1 and 2
  • Detailed member-wise voting data handed over to Company Secretary
  • Electronic data and records preserved under scrutinizer's custody until handed to Company Secretary

Compliance Statement

The document confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA Circulars including General Circular No. 14/2020, 17/2020, 20/2020, and subsequent circulars including 03/2025