Meeting Details

  • Date: Tuesday, 22nd September, 2026
  • Time: 12:00 Noon
  • Location: Conducted through Video Conferencing (VC)
  • Type: 33rd Annual General Meeting
  • Cut-off Date: 15th September, 2026
  • Total Shareholders: 29,770 as of cut-off date

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated) for FY2026 and Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of Dividend at ₹1.30 per equity share (65% on face value of ₹2) for FY2026

3. Ordinary Resolution: Re-appointment of Mr. Mangesh Sarfare (DIN: 07793543) as Director retiring by rotation

4. Special Resolution: Appointment of Mr. Pradip Kumar Das (DIN: 06593113) as Independent Director for first term of 5 years

5. Ordinary Resolution: Approval of Material Related Party Transactions with Time Technoplast Limited (Holding Company) for FY2026-2027 & 2027-2028

6. Ordinary Resolution: Approval of Material Related Party Transactions with Avion Exim Private Limited (Related Party) for FY2026-2027 & 2027-2028

Voting Process and Methods

  • Scrutinizer: Mr. Arun Dash, Practicing Company Secretary, Proprietor of Arun Dash & Associates
  • Remote e-voting period: Thursday, 17th September 2026 (09:00 a.m.) to Monday, 21st September 2026 (05:00 p.m.)
  • E-voting at AGM: Conducted during the meeting
  • Voting system provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Witnesses: Ms. Devika Kharde and Mr. Akshat Somani (not employed by the company)

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 78,003,000
  • Total votes polled: 59,908,422 (76.8027% of outstanding shares)
  • Shareholder attendance: 1 Promoter & Promoter Group member, 40 Public members attended via VC

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Votes in favor: 99.9998% (59,908,321 votes)
  • Votes against: 0.0002% (101 votes)
  • Result: Passed

Resolution 2 - Dividend Declaration

  • Votes in favor: 100.0000% (59,908,422 votes)
  • Votes against: 0.0000% (0 votes)
  • Result: Passed

Resolution 3 - Re-appointment of Mangesh Sarfare

  • Votes in favor: 99.9998% (59,908,320 votes)
  • Votes against: 0.0002% (102 votes)
  • Result: Passed

Resolution 4 - Appointment of Pradip Kumar Das as Independent Director

  • Votes in favor: 100.0000% (59,908,420 votes)
  • Votes against: 0.0000% (2 votes, considered negligible)
  • Result: Passed

Resolution 5 - Related Party Transactions with Time Technoplast

  • Votes in favor: 99.9932% (1,508,840 votes)
  • Votes against: 0.0068% (102 votes)
  • Result: Passed

Resolution 6 - Related Party Transactions with Avion Exim

  • Votes in favor: 99.9932% (1,508,840 votes)
  • Votes against: 0.0068% (102 votes)
  • Result: Passed

Category-wise Voting Breakdown:

Promoter and Promoter Group (58,396,260 shares)

  • 100% participation through e-voting only
  • Voted 100% in favor on all resolutions where not interested
  • Did not vote on related party transactions (Resolutions 5 & 6) where they were interested parties

Public Institutions (431,075 shares)

  • 4.5008% participation (19,402 votes)
  • Voted 100% in favor on all resolutions

Public Non-Institutions (19,175,665 shares)

  • 7.7847% participation (1,492,760 votes)
  • Voted 99.9932% in favor on most resolutions
  • Minor opposition (0.0068%) on related party transactions

Scrutinizer's Findings and Conclusions

Mr. Arun Dash confirmed:

  • The voting process was conducted in compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • All MCA circulars and SEBI LODR regulations were followed
  • The electronic voting system was robust and secure
  • No invalid or abstain votes were recorded for any resolution
  • All electronic data and records are under safe custody and will be handed over to the Company Secretary

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA circulars regarding e-voting and virtual meetings

Additional Information

  • Company CIN: L25209DD1992PLC004656
  • Corporate Office: 203, Centre Point, J. B. Nagar, Andheri-Kurla Road, Near J. B. Nagar Chakala Metro Station, Andheri East, Mumbai - 400 059