Meeting Details

The approval was sought from shareholders through a remote e-voting process, not a physical meeting. The record date for determining shareholder eligibility was 18th September 2026. The e-voting commenced on 23rd September 2026 at 9:00 AM IST and concluded on 22nd October 2026 at 5:00 PM IST. The results were finalized and this report was signed on 22nd October 2026.

Summary of Proposed Resolutions and Implications

Two ordinary resolutions were proposed for shareholder approval:

1. Resolution 1: Appointment of Mr. Peyman Kargar (DIN: 07906077) as a Director of the Company.

2. Resolution 2: Appointment of Mr. Peyman Kargar (DIN: 07906077) as a Director & Chief Executive Officer in the rank of whole-time Director for a period of five years, effective 27th January 2027.

The implications involve a significant management change, appointing a new key managerial person to a leadership role for a fixed term.

Voting Process and Methods

The voting was conducted entirely through e-voting via the platform provided by the National Securities Depository Limited (NSDL). There was no physical polling or postal ballot. The notice was sent to members via email, and a public advertisement was published in the Business Standard (English) and Makkal Kural (Tamil) newspapers on 23rd September 2026.

Key Voting Outcomes

Overall Participation

  • Total Number of Shareholders on Record Date: 353,597
  • Total Number of Resolutions: 2

Resolution 1: Appointment as Director

  • Total Votes Cast: 409,583,166 shares (86.21% of outstanding shares)
  • Votes in Favour: 408,400,728 shares (99.71% of votes cast)
  • Votes Against: 1,182,438 shares (0.29% of votes cast)
  • Result: Passed
Category-wise Breakdown for Resolution 1:
  • Promoter & Promoter Group: 238,812,786 shares voted, all (100%) in favour.
  • Public - Institutions: 168,704,631 shares voted (85.35% of held); 167,525,661 in favour (99.30%), 1,178,970 against (0.70%).
  • Public - Non-Institutions: 2,065,749 shares voted (5.35% of held); 2,062,281 in favour (99.83%), 3,468 against (0.17%).

Resolution 2: Appointment as Director & CEO

  • Total Votes Cast: 409,545,070 shares (86.20% of outstanding shares)
  • Votes in Favour: 397,355,817 shares (97.02% of votes cast)
  • Votes Against: 12,189,253 shares (2.98% of votes cast)
  • Result: Passed
Category-wise Breakdown for Resolution 2:
  • Promoter & Promoter Group: 238,812,786 shares voted, all (100%) in favour.
  • Public - Institutions: 168,664,272 shares voted (85.33% of held); 156,478,845 in favour (92.78%), 12,185,427 against (7.22%).
  • Public - Non-Institutions: 2,068,012 shares voted (5.36% of held); 2,064,186 in favour (99.82%), 3,826 against (0.18%).

Voter Count (From Scrutinizer's Report)

  • Resolution 1: 2,337 voters cast 409,583,166 valid votes. 60 invalid votes were also recorded.
  • Resolution 2: 2,350 voters cast 409,545,070 valid votes. 60 invalid votes were also recorded.

Scrutinizer's Role, Findings, and Conclusions

B. Chandra & Associates, Practising Company Secretaries, were appointed as the Scrutinizer. Their key findings were:

  • The e-voting process was conducted on the NSDL platform.
  • Votes cast were matched against the Register of Members/beneficial owners provided by the Depositories.
  • 15,428 notification emails to members bounced back.
  • The scrutinizer confirmed that all votes cast by corporate members were accompanied by necessary board resolutions.
  • They concluded that both resolutions were duly passed with the requisite majority as Ordinary Resolutions.
  • The result is deemed to have been passed on 22nd October 2026.
  • All e-voting records are in their custody and will be handed over to the company.

Compliance Confirmation

The letter and the scrutinizer's report confirm that the entire process was conducted in compliance with Section 110 of the Companies Act, 2013, the Companies (Management and Administration) Rules, 2014, and the SEBI (LODR) Regulations, 2015. Reference is made to relevant MCA circulars governing the e-voting process.