Meeting Details

The 103rd Annual General Meeting was held on Monday, 24th August 2026 at 11:00 AM IST through Video Conferencing/Other Audio Visual Means. The record date for determining shareholders entitled to vote was 17th August 2026.

Shareholder Participation

Total number of shareholders on record date: 56,473

Shareholders present in meeting:

  • Promoters and Promoter Group: 2
  • Public: Not Available

Shareholders attended through Video Conferencing:

  • Promoters and Promoter Group: 1
  • Public: 58

Voting Process and Methods

The remote e-voting period remained open from Friday, 21st August 2026 at 10:00 AM to Sunday, 23rd August 2026 at 5:00 PM through NSDL's e-voting platform (www.evoting.nsdl.com). Electronic voting was also available during the AGM for shareholders who attended but had not voted remotely.

Resolution Details and Voting Outcomes

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total votes cast: 11,358,154 (65.187% of outstanding shares)
  • Votes in favor: 11,357,649 (99.996%)
  • Votes against: 505 (0.004%)
  • Resolution: Passed

Resolution 2: Dividend Declaration (Ordinary Resolution)

  • Total votes cast: 11,361,276 (65.205% of outstanding shares)
  • Votes in favor: 11,360,771 (99.996%)
  • Votes against: 505 (0.004%)
  • Resolution: Passed

Resolution 3: Re-appointment of Shri Ananta Mohan Singh (DIN: 03594804) (Ordinary Resolution)

  • Promoter interest: Yes (one promoter interested)
  • Total valid votes: 7,127,709 (40.907% of outstanding shares)
  • Votes in favor: 7,028,290 (98.605%)
  • Votes against: 99,419 (1.395%)
  • Invalid votes: 4,233,517 (from interested entities)
  • Resolution: Passed

Resolution 4: Appointment of Shri Rajendra Nath Ghosal (DIN: 00308865) as Director (Ordinary Resolution)

  • Total votes cast: 11,361,226 (65.204% of outstanding shares)
  • Votes in favor: 11,359,516 (99.985%)
  • Votes against: 1,710 (0.015%)
  • Resolution: Passed

Resolution 5: Appointment of Shri Rajendra Nath Ghosal as Managing Director (Special Resolution)

  • Term: 1st June 2026 to 31st March 2027
  • Total votes cast: 11,361,226 (65.204% of outstanding shares)
  • Votes in favor: 11,359,891 (99.988%)
  • Votes against: 1,335 (0.012%)
  • Resolution: Passed

Resolution 6: Related Party Transaction with Standard Greases & Specialities Private Limited (Ordinary Resolution)

  • Promoter interest: Yes (two promoters interested)
  • Total valid votes: 4,341,885 (24.919% of outstanding shares)
  • Votes in favor: 4,339,381 (99.942%)
  • Votes against: 2,504 (0.058%)
  • Invalid votes: 7,019,341 (from interested entities)
  • Resolution: Passed

Resolution 7: Related Party Transaction with ENEOS VCL India Private Limited (Ordinary Resolution)

  • Total votes cast: 11,361,226 (65.204% of outstanding shares)
  • Votes in favor: 11,360,312 (99.992%)
  • Votes against: 914 (0.008%)
  • Resolution: Passed

Resolution 8: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Cost Auditor: M/s. Harshad S. Deshpande & Associates (Firm's Registration No. 000038)
  • Period: FY 2026-27
  • Total votes cast: 11,361,226 (65.204% of outstanding shares)
  • Votes in favor: 11,360,691 (99.995%)
  • Votes against: 535 (0.005%)
  • Resolution: Passed

Scrutinizer's Report

Manoj Prasad Shaw, Company Secretary in Practice (Membership No. FCS: 5517, CP: 4194), was appointed as scrutinizer. The scrutinization process was conducted fairly and transparently in the presence of two witnesses (Nikita Chokhani and Abhishek Pal) who were not employees of the company. All voting records were handed over to the Company Secretary for safekeeping.

Compliance Confirmation

The company confirmed compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and subsequent amendments, and Regulation 44(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and subsequent amendments.