Meeting Details

  • Type of Meeting: 59th Annual General Meeting (AGM)
  • Date: August 21, 2026
  • Time: 02:30 PM to 03:54 PM
  • Location: Conducted through Video Conferencing facility/Other Audio-Visual Means
  • Record Date: August 14, 2026
  • Total Shareholders on Record Date: 123,104

Proposed Resolutions and Implications

Eight resolutions were considered at the meeting:

Ordinary Business:

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

2. Re-appointment of Mr. Sridhar Sankararaman (DIN: 06794418) as Non-Executive, Non-Independent Director

3. Appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP (Firm Registration No: 117364W/W100739) as Statutory Auditors

Special Business:

4. Waiver of recovery of excess managerial remuneration paid to Ms. Radhika Piramal, Former Executive Director for FY 2025-26 (up to September 23, 2025) - Promoters were interested in this resolution

5. Waiver of recovery of excess managerial remuneration paid to Ms. Neetu Kashiramka, Former Managing Director for FY 2025-26 (up to September 23, 2025)

6. Waiver of recovery of excess managerial remuneration paid to Mr. Ashish Saha, Former Executive Director for FY 2025-26 (up to September 23, 2025)

7. Appointment of Ms. Vaishali Shrikant Bhat (DIN: 11385751) as Non-Executive, Independent Director

8. Appointment of Mr. Sanjay Mahesh Rastogi (DIN: 08376572) as Non-Executive, Independent Director

Voting Process and Methods

  • Remote e-voting period: August 18, 2026 (9:00 AM) to August 20, 2026 (5:00 PM)
  • Voting agency: National Securities Depository Limited (NSDL)
  • Voting methods: Remote e-voting and e-voting during the AGM
  • Scrutinizer: Ragini Chokshi of Ragini Chokshi & Co. (Membership No: 2390), appointed by Board on July 22, 2026

Key Voting Outcomes

Overall Participation:

  • Total outstanding shares: 142,053,696
  • Total votes cast: 86,072,349 (60.5914% of outstanding shares)
  • Number of shareholders who voted: 195

Resolution-wise Results:

Resolution 1 (Ordinary - Adoption of Financial Statements):

  • Total votes: 86,072,349
  • In favor: 86,071,177 (99.9986%)
  • Against: 1,172 (0.0014%)
  • Passed: Yes

Resolution 2 (Ordinary - Re-appointment of Director):

  • Total votes: 86,072,254
  • In favor: 86,070,906 (99.9984%)
  • Against: 1,348 (0.0016%)
  • Passed: Yes

Resolution 3 (Ordinary - Auditor Appointment):

  • Total votes: 86,072,259
  • In favor: 86,071,050 (99.9986%)
  • Against: 1,209 (0.0014%)
  • Passed: Yes

Resolution 4 (Special - Remuneration Waiver for Radhika Piramal):

  • Total votes: 85,099,729
  • In favor: 82,133,617 (96.5145%)
  • Against: 2,966,112 (3.4855%)
  • Passed: Yes

Resolution 5 (Special - Remuneration Waiver for Neetu Kashiramka):

  • Total votes: 86,072,349
  • In favor: 79,430,217 (92.2831%)
  • Against: 6,642,132 (7.7169%)
  • Passed: Yes

Resolution 6 (Special - Remuneration Waiver for Ashish Saha):

  • Total votes: 86,071,119
  • In favor: 83,105,014 (96.5539%)
  • Against: 2,966,105 (3.4461%)
  • Passed: Yes

Resolution 7 (Special - Appointment of Independent Director):

  • Total votes: 86,072,261
  • In favor: 86,070,899 (99.9984%)
  • Against: 1,362 (0.0016%)
  • Passed: Yes

Resolution 8 (Special - Appointment of Independent Director):

  • Total votes: 86,071,119
  • In favor: 86,069,609 (99.9982%)
  • Against: 1,510 (0.0018%)
  • Passed: Yes

Category-wise Voting Breakdown:

  • Promoters & Promoter Group: 60,154,642 shares (100% voted in favor across all resolutions except remuneration waivers where they were interested)
  • Public Institutions: 30,424,567 shares (85.93% participation, predominantly in favor)
  • Public Non-Institutions: 51,474,487 shares (0.27-0.27% participation, predominantly in favor)

Scrutinizer's Role and Findings

Ragini Chokshi was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. The scrutinizer confirmed:

  • The voting process was fair and transparent
  • All resolutions passed with requisite majority
  • The process complied with Section 108 of the Companies Act, 2013 and relevant rules
  • NSDL provided the e-voting platform and generated the voting reports
  • Votes were unblocked after the conclusion of the AGM, witnessed by two independent witnesses

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 and Companies (Management and Administration) Rules, 2014
  • Various MCA General Circulars and SEBI Circulars regarding e-voting processes

Additional Information

  • NSE Symbol: VIPIND
  • Notice of AGM was published in Business Standard (English) and Navshakti (Marathi) on July 31, 2026
  • No invalid votes were recorded across any shareholder category