Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Date of Meeting: September 30, 2026
  • Time: 03:00 P.M. (IST)
  • Location: Registered office at 1924A/196, Banashankari Badavane, Near Nh-4 Bypass Davangere Karnataka India- 577005
  • Type of Meeting: 7th Annual General Meeting
  • Cut-Off Date: September 23, 2026 (for shareholder eligibility)

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution No. 1: Consider and adopt the Audited Financial Statements for FY ended March 31, 2026 with Board of Directors' and Auditors' reports

2. Ordinary Resolution No. 2: Re-appointment of Mrs. Amruta (DIN: 07774973) who retires by rotation

3. Ordinary Resolution No. 3: Ratification of remuneration payable to Cost Auditors M/s Murthy & Co. LLP (Firm Registration No. 000648) for FY 2026-27

4. Ordinary Resolution No. 4: Ratification/Approval of Related Party Transactions

5. Ordinary Resolution No. 5: Increase in Authorised Share Capital and Alteration in Capital Clause of Memorandum of Association

Voting Process and Methods

The voting was conducted through two methods:

1. Remote E-voting: Facilitated by National Securities Depository Limited (NSDL)

  • Voting period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)

2. Physical Ballot Paper: Voting during the AGM

Key Voting Outcomes

All five resolutions were passed with requisite majority. Detailed results:

Resolution 1: Adoption of Financial Statements
  • Total Votes Cast: 3,82,44,606
  • In Favor: 3,82,44,606 votes (99.9997%)
  • Against: 132 votes (0.0003%)
  • Abstained: NIL
Resolution 2: Re-appointment of Director
  • Total Votes Cast: 9,61,554
  • In Favor: 9,60,273 votes (99.8668%)
  • Against: 1,281 votes (0.1332%)
  • Abstained: NIL
  • Note: 3,72,83,184 votes from 6 related party members were not considered
Resolution 3: Ratification of Cost Auditor Remuneration
  • Total Votes Cast: 3,82,44,738
  • In Favor: 3,81,75,370 votes (99.8186%)
  • Against: 69,368 votes (0.1814%)
  • Abstained: NIL
Resolution 4: Related Party Transactions
  • Total Votes Cast: 9,61,554
  • In Favor: 9,61,344 votes (99.9782%)
  • Against: 210 votes (0.0218%)
  • Abstained: NIL
  • Note: 3,72,83,184 votes from 6 related party members were not considered
Resolution 5: Increase in Authorised Share Capital
  • Total Votes Cast: 3,82,44,606
  • In Favor: 3,82,44,606 votes (99.9997%)
  • Against: 132 votes (0.0003%)
  • Abstained: NIL

Participation Breakdown

  • Total shareholders on record date: 27,896
  • Shareholders present at meeting: 32 (6 Promoters/Promoter Group, 26 Public)
  • Remote e-voting participants: 31 members
  • Physical ballot participants: 1 member

Scrutinizer's Role and Findings

Roshan Raikar, Company Secretary (Mem No. F10814, UDIN: F010814H001702231, PR No.: 3275/2023) was appointed as scrutinizer by the Board of Directors in their meeting held on September 30, 2026. His responsibilities included:

  • Scrutinizing both remote e-voting and physical ballot voting
  • Unblocking e-voting system and unlocking ballot box in presence of two non-employee witnesses
  • Reviewing data from NSDL e-voting system and physical ballot papers
  • Confirming all resolutions passed with requisite majority

The scrutinizer confirmed that the voting process was conducted in compliance with Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant circulars from MCA and SEBI.

Compliance Confirmation

The management confirmed compliance with all applicable laws including Companies Act, 2013, Rules framed thereunder, SEBI LODR Regulations, 2015, and circulars from MCA and SEBI.

Additional Information

The scrutinizer's report and all voting records will remain in safe custody until approved by the Chairman and then handed over to Mr. Udayshivakumar, Managing Director, for safekeeping.