Meeting Details

The 41st Annual General Meeting was held on September 25, 2026, at 2:00 PM IST through Video Conferencing/Other Audio-Visual Means. The meeting was convened based on the notice dated August 11, 2026.

Proposed Resolutions and Implications

The AGM considered seven resolutions:

1. Adoption of financial statements (standalone and consolidated) for the year ended March 31, 2026 - Ordinary Resolution

2. Declaration of dividend of ₹1.50 per equity share - Ordinary Resolution

3. Re-appointment of Mr. S Senthil Kumar (DIN: 00131558) as Director retiring by rotation - Ordinary Resolution

4. Appointment of Mr. Sanket Balvantrao Waghe, IAS (DIN: 11865401) as Director under Section 152 of the Companies Act, 2013 - Ordinary Resolution

5. Payment of Special Performance Incentive to Mr. D Senthil Kumar, Managing Director for FY 2025-26 - Special Resolution

6. Ratification of remuneration to Cost Auditors for 2026-27 - Ordinary Resolution

7. Payment of remuneration to Non-Executive Directors for FY 2025-26 - Special Resolution

Voting Process and Methods

The company provided remote e-voting facility through CDSL platform commencing September 21, 2026, at 9:00 AM IST and ending September 24, 2026, at 5:00 PM IST. Additionally, electronic voting facility was provided during the meeting for shareholders who had not availed the remote e-voting facility. The voting during the meeting remained open for 15 minutes after the conclusion of the meeting.

Key Voting Outcomes

M/s. B Chandra & Associates, Practicing Company Secretaries, were appointed as Scrutinizers. The total valid votes cast across all resolutions were 42,163,474 shares. The detailed results are:

Resolution-wise Results:

  • Resolution 1: 197 votes for (41,771,075 shares, 99.996%), 20 votes against (1,517 shares, 0.004%)
  • Resolution 2: 199 votes for (42,162,566 shares, 99.998%), 19 votes against (908 shares, 0.002%)
  • Resolution 3: 190 votes for (41,913,341 shares, 99.407%), 28 votes against (250,133 shares, 0.593%)
  • Resolution 4: 194 votes for (42,161,818 shares, 99.996%), 24 votes against (1,656 shares, 0.004%)
  • Resolution 5: 191 votes for (42,161,360 shares, 99.995%), 27 votes against (2,114 shares, 0.005%)
  • Resolution 6: 195 votes for (42,161,853 shares, 99.996%), 23 votes against (1,621 shares, 0.004%)
  • Resolution 7: 194 votes for (42,153,558 shares, 99.976%), 24 votes against (9,916 shares, 0.024%)

All resolutions were passed with requisite majority - Resolutions 1-4 and 6 as Ordinary Resolutions, and Resolutions 5 and 7 as Special Resolutions.

Scrutinizer's Role and Findings

M/s. B Chandra & Associates were appointed as Scrutinizers via letter dated August 24, 2026. They maintained an electronic register recording assent/dissent with particulars of shareholders including name, address, folio number/client ID, and number of shares held. The scrutinizers confirmed that all procedural requirements were followed, including:

  • Dispatch of notice and statement to all members through electronic means on September 1, 2026 (81,313 emails sent, 1,994 bounced)
  • Publication of paper advertisement in Financial Express (English) and Makkal Kural (Tamil) on August 17, 2026 for mail ID updates
  • Publication of public advertisement in Financial Express (English) and Makkal Kural (Tamil) on September 2, 2026
  • Unlocking of votes in presence of two witnesses on September 25, 2026

Compliance Confirmation

The scrutinizer's report confirms compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant circulars from MCA (Nos. 14/2020, 17/2020, 20/2020, 02/2021, 03/2022, 11/2022, 09/2023, 09/2024) and SEBI (dated May 12, 2020; January 15, 2021; May 13, 2022; January 5, 2023; October 7, 2023; October 3, 2024; September 22, 2025).