Meeting Details

The 31st Annual General Meeting was convened on Friday, June 5, 2026, at 1100 hours IST through Video Conferencing/Other Audio Video Means without physical presence of members. The meeting concluded at 1220 hours IST. The deemed venue was the registered office of the Company.

Attendance Statistics

  • Total shareholders on record date (May 29, 2026): 9,71,720 (folio-based)
  • Shareholders present through VC/OAVM: 74 (5 Promoter/Promoter Group, 69 Public)
  • No shareholders attended in person or through proxy
  • Chairman: Mr. A. S. Lakshminarayanan, Chairman and Non-Executive Director
  • All Directors present except Dr. Vaijayanti Ajit Pandit
  • Scrutinizer: Mr. Vaibhav Dandawate, Partner, M/s. Makarand M. Joshi & Co., Practicing Company Secretaries

Resolutions Voted On and Results

All seven resolutions set out in the AGM Notice dated April 23, 2026, were transacted and passed with requisite majority:

Resolution 1: Ordinary Resolution

Adoption of Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors

  • Total shares voted: 1,50,39,15,134 (76.93% of outstanding shares)
  • Votes in favor: 1,50,38,90,559 (99.9984%)
  • Votes against: 24,575 (0.0016%)

Resolution 2: Ordinary Resolution

Appointment of Harjit Singh (DIN: 09416905) who retires by rotation

  • Total shares voted: 1,50,39,15,134 (76.93% of outstanding shares)
  • Votes in favor: 1,48,73,06,012 (98.8956%)
  • Votes against: 1,66,09,122 (1.1044%)
  • Notable: Public Institutions voted 66.15% in favor, 33.85% against

Resolution 3: Ordinary Resolution

Appointment of Harjit Singh (DIN: 09416905) as Managing Director

  • Total shares voted: 1,50,39,15,134 (76.93% of outstanding shares)
  • Votes in favor: 1,46,41,07,326 (97.3531%)
  • Votes against: 3,98,07,808 (2.6469%)
  • Notable: Public Institutions voted only 17.85% in favor, 82.15% against

Resolution 4: Ordinary Resolution

Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants for FY ending March 31, 2027

  • Total shares voted: 1,50,39,15,134 (76.93% of outstanding shares)
  • Votes in favor: 1,50,35,74,749 (99.9774%)
  • Votes against: 3,40,385 (0.0226%)

Resolution 5: Ordinary Resolution

Material Related Party Transactions with Tata Teleservices Limited

  • Promoter/Promoter Group did not vote (interested party)
  • Total shares voted: 5,02,42,887 (2.5701% of outstanding shares)
  • Votes in favor: 5,01,11,435 (99.7384%)
  • Votes against: 1,31,452 (0.2616%)

Resolution 6: Ordinary Resolution

Material Related Party Transactions with Tata Communications Limited

  • Promoter/Promoter Group did not vote (interested party)
  • Total shares voted: 5,02,42,887 (2.5701% of outstanding shares)
  • Votes in favor: 5,02,15,144 (99.9448%)
  • Votes against: 27,743 (0.0552%)

Resolution 7: Special Resolution

Availing/Acceptance of Inter-Corporate Deposits/Loan

  • Promoter/Promoter Group did not vote (interested party)
  • Total shares voted: 5,02,42,807 (2.5701% of outstanding shares)
  • Votes in favor: 5,02,15,768 (99.9462%)
  • Votes against: 27,039 (0.0538%)

Key Events During AGM

  • The Company Secretary welcomed members and briefed them on VC/OAVM participation
  • Mr. Harjit Singh, Managing Director, presented on Economy & Industry Review, Company's performance, and future growth agenda
  • Members were invited to ask questions and seek clarifications on operations and financial performance
  • The meeting remained open for 15 minutes after conclusion for e-voting completion

Scrutinizer Report Details

  • Mr. Vaibhav Dandawate appointed as Scrutinizer by Board on April 23, 2026
  • Remote e-voting period: June 2, 2026 (9:00 AM IST) to June 4, 2026 (5:00 PM IST)
  • Newspaper advertisements published in Business Line (English) and Navshakti (Marathi) on May 15, 2026
  • For related party transactions (Resolutions 5, 6, 7), related parties were excluded from voting as per Regulation 23(4) of Listing Regulations

Financial Impact

No specific financial impact quantified in the disclosure. The resolutions primarily concern corporate governance, appointments, and approval of related party transactions.