Meeting Details

  • Meeting Type: 46th Annual General Meeting (AGM)
  • Date: Wednesday, 30th September 2026
  • Time: Commenced at 1:45 PM, concluded at 2:29 PM
  • Location: Conducted through Video Conference (VC) and Other Audio Visual Means (OAVM)
  • Record Date: 23rd September 2026
  • Total Shareholders on Record Date: 50,608

Attendance

Directors and KMPs Present (all via VC):

  • Mr. Balakrishna Tati (Chairman and Managing Director)
  • Mr. Sai Teja Tati (Whole-time Director)
  • Mr. Mohit Rathi (Director)
  • Mr. Vishal Jethalia (Director)
  • Mr. Ajay Poonia (Independent Director)
  • Ms. Pushpa Joshi (Independent Director)
  • Ms. Preeti (Independent Director)
  • Mr. Sanjiban Brata Roy (Independent Director)
  • Mr. Yarkali Kranthi Kumar (Chief Financial Officer)
  • Ms. Prachi Karwa (Company Secretary and Compliance Officer)

Other Invitees (present via VC):

  • Mr. Yogesh Saraf (M/s. S. Bhalotia & Associates, Statutory Auditor)
  • Mr. Vivek Surana (M/s. Vivek Surana & Associates, Secretarial Auditor and Scrutinizer)

Shareholder Attendance:

  • Total members attended through VC: 65
  • Promoters and Promoter Group: 10 members
  • Public: 55 members

Summary of Proposed Resolutions and Voting

Ten resolutions were considered and approved at the meeting:

Ordinary Business

1. Adoption of Financial Statements - Unanimously approved (100% votes in favor)

2. Declaration of final dividend - Unanimously approved (100% votes in favor)

3. Re-Appointment of Mr. Vishal Jethalia - Approved with 99.9993% votes in favor

4. Appointment of M/S. Sreedar Mohan & Associates as Statutory Auditors - Approved with 83.2462% votes in favor

Special Business

5. Increase in remuneration of Mr. Balakrishna Tati - Approved with 99.9993% votes in favor

6. Re-Appointment of Mr. Balakrishna Tati - Approved with 88.8576% votes in favor

7. Increase in remuneration of Mr. Sai Teja Tati - Approved with 99.9993% votes in favor

8. Approval of Employee Stock Option Scheme 2026 - Approved with 83.2379% votes in favor

9. Modification of Objects of Preferential Issue - Approved with 99.9993% votes in favor

10. Issue of 42,00,000 Convertible Warrants to Promoters - Approved with 83.4414% votes in favor

Voting Process and Results

Voting Methods: Remote e-voting and e-voting at AGM for members who hadn't voted remotely.

Scrutinizer Details:

  • Name: Vivek Surana
  • Firm: M/s. Vivek Surana & Associates
  • Qualification: CS
  • Membership Number: 12901
  • Appointment Date: 04-09-2026

Detailed Voting Results:

Resolution 1 (Financial Statements):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 81,898,418 (99.9993%)
  • Votes against: 598 (0.0007%)

Resolution 2 (Final Dividend):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 81,898,418 (99.9993%)
  • Votes against: 598 (0.0007%)

Resolution 3 (Re-Appointment of Mr. Vishal Jethalia):

  • Total votes polled: 81,898,956 (55.9081% of outstanding shares)
  • Votes in favor: 81,898,419 (99.9993%)
  • Votes against: 537 (0.0007%)

Resolution 4 (Appointment of Statutory Auditors):

  • Total votes polled: 81,898,116 (55.9076% of outstanding shares)
  • Votes in favor: 68,177,098 (83.2462%)
  • Votes against: 13,721,018 (16.7538%)

Resolution 5 (Increase in Mr. Balakrishna Tati's remuneration):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 81,898,418 (99.9993%)
  • Votes against: 598 (0.0007%)

Resolution 6 (Re-Appointment of Mr. Balakrishna Tati):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 72,777,863 (88.8576%)
  • Votes against: 9,121,153 (11.1424%)

Resolution 7 (Increase in Mr. Sai Teja Tati's remuneration):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 81,898,418 (99.9993%)
  • Votes against: 598 (0.0007%)

Resolution 8 (ESOP Scheme 2026):

  • Total votes polled: 81,898,056 (55.9075% of outstanding shares)
  • Votes in favor: 68,170,224 (83.2379%)
  • Votes against: 13,727,832 (16.7621%)

Resolution 9 (Modification of Preferential Issue Objects):

  • Total votes polled: 81,898,956 (55.9081% of outstanding shares)
  • Votes in favor: 81,898,419 (99.9993%)
  • Votes against: 537 (0.0007%)

Resolution 10 (Issue of Convertible Warrants):

  • Total votes polled: 81,899,016 (55.9082% of outstanding shares)
  • Votes in favor: 68,337,726 (83.4414%)
  • Votes against: 13,561,290 (16.5586%)

Category-wise Voting Patterns:

Promoter and Promoter Group voted 100% in favor across all resolutions. Public Institutions showed significant opposition to Resolutions 4 (84.548% against), 5 (69.1031% against), 6 (56.2024% against), 7 (67.623% against), 8 (84.548% against), and 10 (83.5211% against).

Compliance and Signatories

The meeting was conducted in compliance with General Circulars issued by MCA and SEBI, and applicable provisions of the Companies Act, 2013. The scrutinizer confirmed the voting process was properly conducted.

Signatories:

  • Mr. Balakrishna Tati, Chairman and Managing Director (DIN: 02181095)
  • Digitally signed documents dated 30.09.2026

No invalid votes were reported across any shareholder category for any resolution.