Meeting Details

The 22nd AGM was held on Monday, August 03, 2026, at 9:30 am through Video Conferencing / Other Audio-Visual Means (VC / OAVM).

Summary of Proposed Resolutions and Implications

Ten resolutions were proposed and voted upon:

Ordinary Business:

1. Adoption of Standalone Financial Statements for FY ended March 31, 2026, including Auditor's and Board's Reports.

2. Adoption of Consolidated Financial Statements for FY ended March 31, 2026, including Auditor's Report.

3. Confirmation of payment of Interim Dividend of ₹15.00 per equity share and approval of Final Dividend of ₹5.00 per equity share for FY ended March 31, 2026.

4. Re-appointment of Varun Mehta (DIN: 07862034) as a Director retiring by rotation.

5. Re-appointment of Jigish Mehta (DIN: 09054778) as a Director retiring by rotation.

Special Business:

6. Ratification of remuneration of M/s. Kirit Mehta & Co., Cost Accountants for FY 2026-27.

7. Re-appointment of Radhika Haribhakti (DIN: 02409519) as an Independent Director.

8. Re-appointment of Ketan Dalal (DIN: 00003236) as an Independent Director.

9. Enhancement of Borrowing Limits up to ₹35,000 Crore.

10. Creation of Charges.

Voting Process and Methods

The company provided remote e-voting facility through Central Depository Services (India) Limited (CDSL) to members holding shares in physical and dematerialized form as of the cut-off date, Monday, July 27, 2026. The remote e-voting period was from 9:00 am on Thursday, July 30, 2026, to 5:00 pm on Sunday, August 02, 2026. Members who had not voted remotely were provided e-voting facility during the AGM until 15 minutes after its completion.

Key Voting Outcomes

All resolutions were approved with requisite majority. The consolidated results are:

| Sr. No. | Resolution Description | Type | Votes in Favour | % in Favour | Votes Against | % Against |

| 1 | Adoption of Standalone Financial Statements | Ordinary | 457,731,906 | 99.98% | 109,026 | 0.02% |

| 2 | Adoption of Consolidated Financial Statements | Ordinary | 457,731,923 | 99.98% | 109,009 | 0.02% |

| 3 | Dividend Declaration (₹15 interim + ₹5 final) | Ordinary | 457,898,685 | 100.00% | 214 | 0.00% |

| 4 | Re-appointment of Varun Mehta | Ordinary | 457,677,280 | 99.96% | 201,239 | 0.04% |

| 5 | Re-appointment of Jigish Mehta | Ordinary | 457,621,987 | 99.94% | 256,522 | 0.06% |

| 6 | Ratification of Cost Auditor Remuneration | Ordinary | 457,876,531 | 100.00% | 1,974 | 0.00% |

| 7 | Re-appointment of Radhika Haribhakti (Ind. Director) | Special | 455,434,458 | 99.47% | 2,440,571 | 0.53% |

| 8 | Re-appointment of Ketan Dalal (Ind. Director) | Special | 453,455,776 | 99.03% | 4,419,253 | 0.97% |

| 9 | Enhancement of Borrowing Limits to ₹35,000 Cr | Special | 457,872,169 | 100.00% | 6,300 | 0.00% |

| 10 | Creation of Charges | Special | 457,821,456 | 100.00% | 6,541 | 0.00% |

Participation Data:

  • Total members on cut-off date: 156,413
  • Total shares on cut-off date: 503,903,543
  • Members who attended AGM: 59
  • Members who cast votes during AGM: 5
  • No invalid votes were recorded for any resolution.

Scrutinizer's Role and Findings

The Board of Directors appointed Rajesh Parekh, Practicing Company Secretary (Membership No. A8073), as Scrutinizer to scrutinize the remote e-voting and e-voting process. The scrutinizer submitted a consolidated report on August 03, 2026, confirming the voting was conducted fairly and transparently. The votes were unblocked from CDSL's website (www.evotingindia.com) on August 03, 2026, at 10:44 am in the presence of witnesses Ms. Aishwarya Parekh and Mr. Jay Surti.

Compliance Confirmation

The voting process was conducted in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI LODR Regulations, 2015, and relevant MCA circulars dated September 22, 2025, December 28, 2022, May 05, 2022, May 05, 2020, April 13, 2020, and April 08, 2020.