Meeting Details

The 41st Annual General Meeting was held on Friday, August 07, 2026, at 1130 hours IST at MonarQ, Royal Orchid Golden Suites, Golden Nest, Opposite Cerebrum IT Park, Kalyani Nagar, Pune-411014. The meeting concluded at 1300 hours IST.

Proposed Resolutions and Implications

The AGM was convened to approve six resolutions:

Ordinary Business:

  • Resolution 1: Consideration and adoption of (a) audited standalone financial statements for FY2025-26, reports of Board of Directors and Auditors; and (b) audited consolidated financial statements for FY2025-26 and report of Auditors thereon
  • Resolution 2: Re-appointment of Dr. Santosh Sundararajan (DIN: 00015229) who retires by rotation
  • Resolution 3: Ratification of remuneration of Cost Auditors for financial year ending March 31, 2027
  • Resolution 6: Approval of Material Related Party Transactions with Vascon Developers LLP

Special Business:

  • Resolution 4: Reappointment of Mr. Sankaramahalingam Balasubramanian (DIN: 06622735) as Non-Executive Independent Director for a second and final term of five consecutive years
  • Resolution 5: Appointment of Mr. Divya Maneklal Shah (DIN: 11707687) as Non-Executive Independent Director for a term of 5 years effective May 15, 2026, and continuation of holding office on attaining age of 75 years during said term

Voting Process and Methods

The facility of remote e-voting was made available to members from Monday, August 03, 2026, at 9:00 AM until Thursday, August 06, 2026, at 5:00 PM. Facility for ballot voting was provided during the AGM for members who had not cast votes by remote e-voting.

M/s. Amit Jaste & Associates, Practicing Company Secretaries (COP No. 7289) were appointed as scrutinizer for conducting the e-voting process in a fair and transparent manner and to scrutinize both remote e-voting and voting during the AGM. Mr. Amit Jaste attended the AGM to supervise the proceedings.

Key Voting Outcomes

The document explicitly states that voting results of the business transacted at the AGM along with report of the scrutinizer "shall be submitted in due course of time," indicating that specific voting outcomes and participation breakdowns by shareholder category are not included in this filing and will be provided separately.

Scrutinizer's Role

M/s. Amit Jaste & Associates were appointed to scrutinize the remote e-voting and voting during the AGM to ensure a fair and transparent process. The scrutinizer attended the meeting to supervise proceedings, but their specific findings and conclusions are not provided in this document.

Compliance Confirmation

The document confirms compliance with Regulation 30(4) read with Part A of Schedule-III of SEBI Listing Regulations. It also references compliance with Regulation 44 of SEBI Listing Regulations read with Section 108 of the Companies Act and Rule 20 of the Companies (Management and Administration) Rules, 2014 regarding voting results.

Signatories and Roles

The document is signed by Neelam Piyush Pipada, Company Secretary and Compliance Officer (Membership No.: A31721), who also served as the authorizing official for the meeting proceedings summary.

Additional Proceedings Details

The meeting was chaired by Mr. Siddharth Vasudevan Moorthy, Chairman and Managing Director. The Company Secretary welcomed shareholders and introduced directors and other invitees. Statutory Auditors and Secretarial Auditors appointed by the Company were present to respond to shareholder queries. The Chairman made a presentation providing operational and financial highlights for FY2025-26 performance and outlook. Shareholders were invited to express views, give suggestions, and make enquiries on operations and financial performance, with responses provided by the Chairman and Managing Director.