Meeting Details

The 32nd Annual General Meeting was held on Monday, 21st September, 2026 from 11:00 a.m. to 11:22 a.m. through Video Conferencing/Other Audio Visual Means. The record date for determining voting eligibility was 14th September, 2026. Total number of shareholders on record date was 229,839.

Attendance Details

  • Promoters and promoter group attendees: 5 through video conferencing
  • Public shareholders attendees: 74 through video conferencing
  • No shareholders attended in person or through proxy

Resolution Outcomes

All four ordinary resolutions were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

  • To adopt audited financial statements for FY ended 31st March, 2026 and consolidated financial statements with auditors' reports
  • Total votes polled: 215,497,866 shares (71.79% of outstanding shares)
  • Votes in favor: 215,496,215 shares (99.9992% of votes polled)
  • Votes against: 1,651 shares (0.0008% of votes polled)
  • Promoter voting: 193,190,460 shares voted (99.9959% of promoter holding), 100% in favor
  • Public institutions: 22,163,324 shares voted (88.4564% of institution holding), 100% in favor
  • Public non-institutions: 144,082 shares voted (0.1759% of non-institution holding), 98.8541% in favor

Resolution 2: Dividend Declaration

  • To declare dividend on equity shares for financial year ended 31st March, 2026
  • Total votes polled: 215,497,866 shares (71.79% of outstanding shares)
  • Votes in favor: 215,497,088 shares (99.9996% of votes polled)
  • Votes against: 778 shares (0.0004% of votes polled)
  • Promoter voting: 193,190,460 shares voted (99.9959% of promoter holding), 100% in favor
  • Public institutions: 22,163,324 shares voted (88.4564% of institution holding), 100% in favor
  • Public non-institutions: 144,082 shares voted (0.1759% of non-institution holding), 99.4600% in favor

Resolution 3: Director Appointment

  • Appointment of Mr. Satyen J. Mamtora (DIN: 00139984) as director retiring by rotation
  • Total votes polled: 215,497,866 shares (71.79% of outstanding shares)
  • Votes in favor: 211,366,324 shares (98.0828% of votes polled)
  • Votes against: 4,131,542 shares (1.9172% of votes polled)
  • Promoter voting: 193,190,460 shares voted (99.9959% of promoter holding), 100% in favor
  • Public institutions: 22,163,324 shares voted (88.4564% of institution holding), 81.3958% in favor, 18.6042% against
  • Public non-institutions: 144,082 shares voted (0.1759% of non-institution holding), 94.2908% in favor, 5.7092% against

Resolution 4: Cost Auditor Remuneration

  • Ratification of remuneration payable to Cost Auditor for financial year ending 31st March, 2027
  • Promoters were interested in this resolution
  • Total votes polled: 215,497,866 shares (71.79% of outstanding shares)
  • Votes in favor: 215,496,205 shares (99.9992% of votes polled)
  • Votes against: 1,661 shares (0.0008% of votes polled)
  • Promoter voting: 193,190,460 shares voted (99.9959% of promoter holding), 100% in favor
  • Public institutions: 22,163,324 shares voted (88.4564% of institution holding), 100% in favor
  • Public non-institutions: 144,082 shares voted (0.1759% of non-institution holding), 98.8472% in favor, 1.1528% against

Scrutinizer Details

Mr. Tapan Shah, Practicing Company Secretary (Membership No. F4476) was appointed as scrutinizer through board meeting dated 21st April, 2026. He submitted the scrutinizer's report dated 21st September, 2026.

Voting Process Details

  • Remote e-voting period: From 09:00 a.m. on 18th September, 2026 to 05:00 p.m. on 20th September, 2026
  • Voting agency: Central Depository Services (India) Limited (CDSL)
  • Total members who voted remotely: 351
  • Total members who voted during AGM: 7
  • Notice of AGM was published in Financial Express (English) on 30th August, 2026 and Financial Express Gujarati on 31st August, 2026
  • Notice was dispatched via email on 29th August, 2026 to members with registered email IDs

Document Submission

The voting results and scrutinizer's report are being uploaded on the company's website (www.transformerindia.com) and on CDSL's website (www.evotingindia.com).