Meeting Details

The 5th Annual General Meeting was held on Monday, August 31, 2026 through Video Conferencing/Other Audio Visual Means (OAVM). The remote e-voting period commenced on Thursday, August 27, 2026 at 9:00 AM (IST) and concluded on Sunday, August 30, 2026 at 5:00 PM (IST). The record date/cut-off date for determining shareholder eligibility was August 25, 2026.

Resolutions and Outcomes

Five resolutions were considered at the AGM:

Resolution 1: Adoption of (a) Audited Financial Statements (Standalone) for FY ended March 31, 2026 and reports of Board of Directors and Auditors; and (b) Audited Consolidated Financial Statements for FY ended March 31, 2026 and report of Auditors

  • Result: Passed (Ordinary Resolution)
  • Total votes cast: 68,790,931 shares (99.99936% in favor, 0.000638% against)

Resolution 2: Re-appointment of Mr. Vishal Nirani (DIN: 08434032) as director who retires by rotation

  • Result: Passed (Ordinary Resolution)
  • Total votes cast: 11,391,000 shares (61.81957% in favor, 38.18043% against)

Resolution 3: Ratification of remuneration payable to Cost Auditors for FY ending March 31, 2027

  • Result: Passed (Ordinary Resolution)
  • Total votes cast: 67,725,370 shares (99.99932% in favor, 0.000678% against)

Resolution 4: Fixation of commission payable to Mr. Vishal Nirani, Executive Director

  • Result: NOT PASSED (Special Resolution - failed to achieve requisite majority)
  • Total votes cast: 11,391,000 shares (61.819296% in favor, 38.180704% against)

Resolution 5: Appointment of Secretarial Auditors for 5 years

  • Result: Passed (Ordinary Resolution)
  • Total votes cast: 68,791,370 shares (93.67775% in favor, 6.322252% against)

Voting Process and Participation

The company provided remote e-voting facility through National Securities Depository Limited (NSDL) under Electronic Voting Event Number 140628. The facility was available from August 27-30, 2026, and e-voting during the AGM was also provided.

Shareholder Participation:

  • Total shareholders on cut-off date: 61,570
  • Promoters and promoter group attendees: 8
  • Public shareholders attendees: 33

Category-wise Voting Participation:

  • Promoter and Promoter Group: 60,713,956 shares held, 57,400,370 votes polled (94.5423% participation)
  • Public-Institutions: 8,080,059 shares held, 6,910,119 votes polled (86.6013% participation)
  • Public-Non Institutions: 16,958,576 shares held, 4,480,881 votes polled (26.2663% participation)

Scrutinizer's Role and Findings

Mr. Deepak Sadhu (ACS: 39541 and COP No.: 14992), Practicing Company Secretary, was appointed as Scrutinizer. He submitted his report on August 31, 2026, confirming:

  • The voting process was conducted fairly and transparently
  • Notice was dispatched electronically on August 6, 2026 to members with registered email addresses
  • Advertisement was published in Financial Express (English) and Vishwavani (Kannada) on August 7, 2026
  • Results were unblocked on August 31, 2026 after the AGM in presence of two independent witnesses
  • All records will be handed over to the Company Secretary after minutes approval

Compliance Confirmation

The disclosure confirms compliance with:

  • Section 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA circulars and Secretarial Standards