Meeting Details

  • Meeting Type: 46th Annual General Meeting
  • Date: Thursday, 24 September 2026
  • Time: 11:00 AM
  • Location: Registered office at Vardhman Park, Chandigarh Road, Ludhiana-141123
  • Record Date: 17 September 2026

Shareholder Attendance

  • Promoters and Promoter Group present in person or through Proxy: 19
  • Public shareholders present in person or through Proxy: 22
  • Promoters and Promoter Group attended through video conferencing: 0
  • Public shareholders attended through video conferencing: 1

Proposed Resolutions and Implications

Three ordinary resolutions were proposed and approved:

Item No. 1: Adoption of Financial Statements

  • To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026, together with Reports of Auditors and Directors
  • Resolution type: Ordinary
  • Promoter/promoter group not interested in this resolution

Item No. 2: Director Re-appointment

  • To appoint Mrs. Manju Oswal (DIN: 000094459) as Director who retires by rotation in accordance with Articles of Association
  • Resolution type: Ordinary
  • Promoter/promoter group not interested in this resolution

Item No. 3: Ratification of Cost Auditor Remuneration

  • To ratify the remuneration of the Cost Auditors for the financial year ending 31st March 2027
  • Resolution type: Ordinary
  • Promoter/promoter group not interested in this resolution

Voting Process and Methods

The company provided multiple voting methods:

  • Remote e-voting through Central Depository Services (India) Limited (CDSL)
  • Physical ballot voting at the AGM
  • Postal ballot facility (though not utilized)

Remote e-voting schedule:

  • Cut-off date: 17th September 2026
  • Commencement: 21st September 2026 at 09:00 AM
  • End date: 23rd September 2026 at 05:00 PM

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: Not specified
  • Total votes cast: 196,221,825 shares
  • Percentage of total paid-up capital voted: 38.59%
  • Total outstanding shares: 508,419,004

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes: 196,221,825 (38.59% of paid-up capital)
  • Votes in favor: 196,215,754 (99.9969% of votes polled)
  • Votes against: 6,071 (0.0031% of votes polled)

Resolution 2: Director Re-appointment

  • Total votes: 196,221,825 (38.59% of paid-up capital)
  • Votes in favor: 196,215,504 (99.9968% of votes polled)
  • Votes against: 6,321 (0.0032% of votes polled)

Resolution 3: Cost Auditor Remuneration

  • Total votes: 196,221,825 (38.59% of paid-up capital)
  • Votes in favor: 196,215,754 (99.9969% of votes polled)
  • Votes against: 6,071 (0.0031% of votes polled)

Category-wise Voting Breakdown

Promoter and Promoter Group (Category A)

  • Shares held: 206,547,510
  • Votes polled: 179,870,430 (87.0841% of shares held)
  • 100% voted in favor across all resolutions

Public-Institutions (Category B)

  • Shares held: 27,189,832
  • Votes polled: 0 (0.0000% of shares held)

Public-Non Institutions (Category C)

  • Shares held: 274,681,262
  • Votes polled: 16,351,395 (5.9529% of shares held)
  • Majority voted in favor with minimal dissent (0.0371-0.0387% against)

Voting Method Breakdown

Remote E-Voting:

  • Resolution 1: 195,666,229 votes (83 members)
  • Resolution 2: 195,666,229 votes (88 members)
  • Resolution 3: 195,666,229 votes (88 members)

Physical Ballot Voting at AGM:

  • 555,596 votes across all resolutions (17 members)

Scrutinizer's Role and Findings

Ashwani Kumar Khanna, Practicing Company Secretary (FCS-3254, CP No. 2220), was appointed as Scrutinizer for both remote e-voting and physical ballot voting. The scrutinizer:

  • Unblocked and downloaded results from CDSL e-voting platform
  • Diligently scrutinized all votes cast
  • Maintained electronic registers of votes received
  • Certified that all resolutions were passed with requisite majority
  • Peer Review Number: 7896/2026, UDIN: F003254H001596648

Compliance Confirmation

The company confirmed compliance with:

  • Section 108 of the Companies Act, 2013
  • Rules and Regulations made thereunder
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated 22nd September 2025, 19th September 2024, 25th September 2023, 28th December 2022, 05th May 2022, 14th December 2021, 05th May 2020, 13th April 2020, and 8th April 2020
  • Notice published in Financial Express (English) and Desh Sewak (Punjabi) on 02.09.2026