Meeting Details

The 33rd Annual General Meeting was held on Thursday, September 24, 2026 at 3:30 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 3:45 p.m. after ensuring requisite quorum was present. The meeting was conducted remotely without physical attendance.

Proposed Resolutions and Implications

The AGM transacted five resolutions:

1. Ordinary Resolution: To receive, consider and adopt the Standalone Audited Financial Statements for the financial year ended March 31, 2026

2. Ordinary Resolution: To receive, consider and adopt the Consolidated Audited Financial Statements for the financial year ended March 31, 2026

3. Ordinary Resolution: To confirm payment of the 1st Interim Dividend and 2nd Interim Dividend on Equity Shares declared for financial year 2025-26

4. Ordinary Resolution: To appoint Mrs. Pravina Bipin Manek (DIN: 00416533) as Director who retires by rotation

5. Special Resolution: To appoint Mr. Chetan Prabhudas Bavishi (DIN: 01978410) as Non-Executive Independent Director for five years

Voting Process and Methods

The voting process utilized multiple methods:

  • Remote e-voting: Conducted through National Securities Depository Limited (NSDL) platform from Monday, September 21, 2026 (9:00 a.m. IST) to Wednesday, September 23, 2026 (5:00 p.m. IST)
  • E-voting at AGM: Additional e-voting facility provided during the AGM for members who had not voted remotely
  • The cut-off date for determining voting rights was Thursday, September 17, 2026

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 14,995
  • Total votes cast: 33,229,995 shares (66.5332% of outstanding 49,945,000 shares)
  • Promoter & Promoter Group participation: 100% (32,101,000 shares voted)
  • Public Institutions participation: 25.5926% (13,441 of 52,519 shares voted)
  • Public Non-Institutions participation: 6.2702% (1,115,554 of 17,791,481 shares voted)

Resolution-wise Results

Agenda 1: Adoption of Standalone Financial Statements

  • Total votes in favor: 33,229,967 (99.9999% of votes polled)
  • Votes against: 28 (0.0001% of votes polled)
  • Promoter & Promoter Group: 100% in favor (32,101,000 shares)
  • Public Institutions: 100% in favor (13,441 shares)
  • Public Non-Institutions: 99.9975% in favor (1,115,526 shares), 0.0025% against (28 shares)

Agenda 2: Adoption of Consolidated Financial Statements

  • Total votes in favor: 33,229,967 (99.9999% of votes polled)
  • Votes against: 28 (0.0001% of votes polled)
  • Promoter & Promoter Group: 100% in favor (32,101,000 shares)
  • Public Institutions: 100% in favor (13,441 shares)
  • Public Non-Institutions: 99.9975% in favor (1,115,526 shares), 0.0025% against (28 shares)

Agenda 3: Confirmation of Interim Dividends

  • Total votes in favor: 33,229,967 (99.9999% of votes polled)
  • Votes against: 28 (0.0001% of votes polled)
  • Promoter & Promoter Group: 100% in favor (32,101,000 shares)
  • Public Institutions: 100% in favor (13,441 shares)
  • Public Non-Institutions: 99.9975% in favor (1,115,526 shares), 0.0025% against (28 shares)

Agenda 4: Re-appointment of Mrs. Pravina Bipin Manek

  • Total votes in favor: 33,229,967 (99.9999% of votes polled)
  • Votes against: 28 (0.0001% of votes polled)
  • Promoter & Promoter Group: 100% in favor (32,101,000 shares)
  • Public Institutions: 100% in favor (13,441 shares)
  • Public Non-Institutions: 99.9975% in favor (1,115,526 shares), 0.0025% against (28 shares)

Agenda 5: Appointment of Mr. Chetan Prabhudas Bavishi

  • Total votes in favor: 33,229,967 (99.9999% of votes polled)
  • Votes against: 28 (0.0001% of votes polled)
  • Promoter & Promoter Group: 100% in favor (32,101,000 shares)
  • Public Institutions: 100% in favor (13,441 shares)
  • Public Non-Institutions: 99.9975% in favor (1,115,526 shares), 0.0025% against (28 shares)

Scrutinizer's Role and Findings

Hemanshu Kapadia, Practicing Company Secretary (Membership No.: F3477, CP No.: 2285), was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting during the AGM. The scrutinizer:

  • Verified the voting process conducted through NSDL platform
  • Unblocked votes in the presence of two witnesses (Ms. Rupali Somani and Ms. Koyal Bajoria)
  • Confirmed all resolutions were passed with requisite majority
  • Reported no invalid votes were cast
  • Noted that the remote e-voting platform was blocked after the voting period ended

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Sections 108 and 109 of the Companies Act, 2013
  • Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • Secretarial Standard - 2 (SS-2) on General Meetings
  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020 and subsequent circulars including General Circular No. 03/2025

Additional Information

  • The company's registered office addresses are provided: E/27/28/29, Commerce Centre, 78, Tardeo Road, Mumbai 400034; 59/B and 68, M.I.D.C. Dhatav, Roha, Raigad, Maharashtra 402116; 2/61 & Z/62, Dahej, SEZ, Vagra, Bharuch, Gujarat-392130
  • Company CIN: L24110MH1994PLC076156
  • Contact information: Phone +912261406666, +91 22 2352 1980; Website www.vidhifoodcolors.com; Email mitesh.manek@vidhifoodcolors.com