Meeting Details

The 44th Annual General Meeting of Visaka Industries Limited was held on Thursday, July 30, 2026 at 03:30 PM (IST) through Video Conferencing (VC) / Other Audio Video Means (OAVM).

Proposed Resolutions and Implications

The meeting considered four ordinary resolutions:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.

2. To declare a final dividend of ₹1.20 (Rupee One and Twenty paise only) (60 Percentage) per equity share of ₹2 each for the financial year 2025-26.

3. To appoint a director in place of Sri Gusti J all Noria (DIN: 00015561), who retires by rotation and offered himself for re-appointment.

4. Ratification of remuneration payable to M/s. Sagar & Associates (Firm Reg. No. 000118), Practicing Cost Accountants, as the Cost Auditors for the financial year ending 2026-27.

Voting Process and Methods

The voting process utilized two methods:

  • Remote E-voting: Conducted through NSDL's platform from 9 AM (IST) on Sunday, July 26, 2026 to 5 PM (IST) on Wednesday, July 29, 2026
  • E-voting at AGM: Conducted during the virtual AGM on July 30, 2026

The cut-off date for determining voting eligibility was Thursday, July 23, 2026.

Key Voting Outcomes

Overall Participation:

  • Total votes cast: 168
  • Remote e-votes: 160
  • E-votes at AGM: 8

Resolution-wise Results:

Item 1 - Adoption of Financial Statements:

  • Votes in favor: 471,536,333 (99.9989%)
  • Votes against: 357 (0.0011%)
  • Invalid votes: 0 (0.0000%)

Item 2 - Final Dividend Declaration:

  • Votes in favor: 471,410,757 (99.9989%)
  • Votes against: 537 (0.0011%)
  • Invalid votes: 0 (0.0000%)

Item 3 - Director Re-appointment:

  • Votes in favor: 471,493,338 (99.9898%)
  • Votes against: 4,832 (0.0102%)
  • Invalid votes: 0 (0.0000%)

Item 4 - Cost Auditor Remuneration:

  • Votes in favor: 471,534,882 (99.9985%)
  • Votes against: 688 (0.0015%)
  • Invalid votes: 0 (0.0000%)

All four ordinary resolutions were passed with requisite majority.

Scrutinizer's Role and Findings

B V Saravana Kumar, Practicing Company Secretary (M.No.26944, C.P. No. 11727), was appointed as Scrutinizer. His responsibilities included:

  • Unblocking remote e-voting results after the AGM before two independent witnesses
  • Reconciling votes with company records maintained by Registrar & Share Transfer Agents
  • Downloading and verifying e-voting results from NSDL platform
  • Preparing the comprehensive scrutinizer's report

The scrutinizer confirmed that the voting process was conducted in accordance with prescribed procedures.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44(1) and 44(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Rule 20(4)(xiii) of the Companies (Management and Administration) Rules, 2014
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA)

Document Signatories

  • Ramakanth Kunapuli: Assistant Vice President & Company Secretary - signed the submission letter to exchanges
  • B V Saravana Kumar: Practicing Company Secretary - prepared and signed the scrutinizer's report

Additional Information

The notice of AGM was disseminated through multiple channels:

  • Email to 43,835 members who registered email IDs (sent July 8, 2026)
  • Postal letter with weblink to 2,675 physical shareholders without registered email (sent July 10, 2026)
  • Advertisements in Business Standard (English) and Velugu (vernacular) newspapers on July 8, 2026
  • Hosted on company website (www.visaka.co) and stock exchange websites

The document also lists the company's various factory locations across multiple states including Karnataka, Uttar Pradesh, Andhra Pradesh, Odisha, Maharashtra, Telangana, Haryana, Tamil Nadu, and West Bengal.