Meeting Details

The 12th AGM was held on Friday, September 11, 2026 through Video Conference (VC)/Other Audio Visual Means (OAVM). The remote e-voting commenced on Monday, September 7, 2026 at 09:00 AM IST and ended on Thursday, September 10, 2026 at 5:00 PM IST. The facility of e-voting was also provided during the AGM on September 11, 2026.

Shareholder Participation

  • Total number of shareholders on record date: 55,526
  • Number of shareholders attended the meeting through Video Conferencing: 49 (6 from Promoters and Promoter Group, 43 from Public)

Voting Results Overview

All 13 resolutions set out in the Notice of the 12th Annual General Meeting were duly approved by the Members with the requisite majority. The total outstanding shares were 20,716,110 with 13,593,253 votes polled (65.6168% participation).

Ordinary Business Resolutions

Resolution 1: Adoption of Financial Statements

  • To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026
  • Votes in favor: 13,593,253 (100%)
  • Votes against: 0 (0%)

Resolution 2: Re-appointment of Director

  • To re-appoint Mr. Jayantiram Motiram Choudhary (DIN 02617118) who retires by rotation
  • Votes in favor: 13,592,555 (99.9951%)
  • Votes against: 664 (0.0049%)

Resolution 3: Dividend Declaration

  • To confirm payment of Interim Dividend (0.50 paisa per equity share i.e. 5%) and declare Final Dividend (0.50 per equity share i.e. 5%) for FY ended March 31, 2026
  • Total dividend: 10% (5% interim + 5% final)
  • Votes in favor: 13,593,253 (100%)
  • Votes against: 0 (0%)

Resolution 4: Cost Auditor Remuneration

  • To ratify remuneration of Cost Auditors for FY 2026-27
  • Votes in favor: 13,592,555 (99.9951%)
  • Votes against: 664 (0.0049%)

Resolution 5: Re-appointment of Managing Director

  • To re-appoint Mr. Arun Axaykumar Kothari (DIN: 00926613) as Managing Director
  • Promoter group interested: Yes
  • Votes in favor: 13,521,778 (99.4744%)
  • Votes against: 71,441 (0.5256%)

Resolution 6: Re-appointment of Whole-time Director

  • To re-appoint Mr. Dhruv Mahendrakumar Patel (DIN: 07098080) as Whole-time Director
  • Promoter group interested: Yes
  • Votes in favor: 13,521,778 (99.4744%)
  • Votes against: 71,441 (0.5256%)

Resolution 7: Re-appointment of Whole-time Director

  • To re-appoint Mr. Megharam Sagramji Choudhary (DIN: 02617107) as Whole-time Director
  • Promoter group interested: Yes
  • Votes in favor: 13,521,778 (99.4744%)
  • Votes against: 71,441 (0.5256%)

Special Business Resolutions

Resolution 8: Re-appointment of Independent Director

  • To re-appoint Mr. Kailash Nath Bhandari (DIN: 00026078) as Independent Director
  • Promoter group interested: No
  • Votes in favor: 13,592,555 (99.9951%)
  • Votes against: 664 (0.0049%)

Resolution 9: Re-appointment of Independent Director

  • To re-appoint Mr. Shyam Agrawal (DIN: 03516372) as Independent Director
  • Promoter group interested: No
  • Votes in favor: 11,466,383 (84.3537%)
  • Votes against: 2,126,836 (15.6463%)

Resolution 10: Re-appointment of Independent Director

  • To re-appoint Mr. Pranay Ashok Surana (DIN: 05192392) as Independent Director
  • Promoter group interested: No
  • Votes in favor: 13,592,555 (99.9951%)
  • Votes against: 664 (0.0049%)

Resolution 11: Re-appointment of Independent Director

  • To re-appoint Mrs. Komal Lokesh Khadaria (DIN: 07805112) as Independent Director
  • Promoter group interested: No
  • Votes in favor: 12,845,434 (94.4988%)
  • Votes against: 747,785 (5.5012%)

Resolution 12: Borrowing Limits Increase

  • To increase borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Promoter group interested: No
  • Votes in favor: 11,486,403 (84.5010%)
  • Votes against: 2,106,816 (15.4990%)

Resolution 13: Creation of Charges

  • To create charges on movable and immovable properties for borrowings under Section 180(1)(a)
  • Promoter group interested: No
  • Votes in favor: 12,500,035 (91.9576%)
  • Votes against: 1,093,218 (8.0424%)

Scrutinizer's Report Details

The scrutinizer, CS Piyush Babubhai Prajapati, was appointed by the Board of Directors vide resolution dated August 13, 2026. The voting was conducted through Kfin Technologies Limited's e-voting system. The scrutinizer verified that all procedures were properly followed and confirmed the results for each resolution.

Public Institutional Shareholder Voting Patterns

Public institutional shareholders showed some opposition to certain resolutions:

  • 88.4946% voted against Mr. Shyam Agrawal's reappointment
  • 87.6889% voted against increasing borrowing limits
  • 45.5014% voted against creation of charges on properties

Document Availability

The voting results along with the Scrutinizer's Report are available on the Company's website (https://www.venuspipes.com) and on the website of KFin technologies Limited (www.kfintech.com).