AGM Proceedings

The 8th AGM was held on Friday, September 18, 2026. The meeting commenced at 12:00 Noon (IST) and concluded at 12:51 P.M. (IST). The deemed venue was Plot No. 184, Fifth Floor, Platinum Tower, Udyog Vihar, Phase-1, Gurugram, Haryana-122016, India.

Voting Process Details

The company appointed Shashikant Tiwari, Partner of M/s. Chandrasekaran Associates, as Scrutinizer for the voting process. National Securities Depository Limited (NSDL) was appointed as the e-voting service provider.

The remote e-voting period commenced on Tuesday, September 15, 2026, at 09:00 A.M. (IST) and ended on Thursday, September 17, 2026, at 05:00 P.M. (IST). E-voting at the AGM was conducted during the last thirty minutes of the meeting and remained open till the conclusion of the AGM.

The cut-off date for determining members entitled to vote was Friday, September 11, 2026. The total number of shareholders on the record date was 652,178.

Voting Results

Resolution 1: Adoption of Financial Statements

Type: Ordinary Resolution

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

Voting Results:

  • Total votes polled: 4,318,341,849 (92.1776% of outstanding shares)
  • Votes in favor: 4,318,337,762 (99.9999% of votes polled)
  • Votes against: 4,087 (0.0001% of votes polled)
  • Invalid votes: 0

Result: PASSED

Resolution 2: Reappointment of Mr. Sanjeev Aga

Type: Ordinary Resolution

Description: To appoint a director in place of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director, who retires by rotation.

Voting Results:

  • Total votes polled: 4,318,730,444 (92.1858% of outstanding shares)
  • Votes in favor: 4,308,249,968 (99.75733% of votes polled)
  • Votes against: 10,480,476 (0.24267% of votes polled)
  • Invalid votes: 0

Result: PASSED

Resolution 3: Continuation of Mr. Sanjeev Aga's Directorship

Type: Special Resolution

Description: To approve continuation of Directorship of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director of the Company upon attaining the age of 75 years.

Voting Results:

  • Total votes polled: 4,318,730,254 (92.1858% of outstanding shares)
  • Votes in favor: 4,308,641,464 (99.76639% of votes polled)
  • Votes against: 10,088,790 (0.23361% of votes polled)
  • Invalid votes: 0

Result: PASSED

Resolution 4: Reappointment of Ms. Neha Bansal

Type: Special Resolution

Description: To approve the re-appointment of Ms. Neha Bansal (DIN: 02057007) as Non-Executive Independent Director of the Company.

Voting Results:

  • Total votes polled: 4,316,934,328 (92.1475% of outstanding shares)
  • Votes in favor: 4,232,288,342 (98.0392% of votes polled)
  • Votes against: 84,645,986 (1.9608% of votes polled)
  • Invalid votes: 0

Result: PASSED

Resolution 5: Foreign Ownership Limit

Type: Special Resolution

Description: To approve the cap of Aggregate Foreign Ownership Limit in the Company at 49.99% of the total equity instruments (on a fully diluted basis).

Voting Results:

  • Total votes polled: 4,317,240,646 (92.1540% of outstanding shares)
  • Votes in favor: 4,317,230,895 (99.99977% of votes polled)
  • Votes against: 9,751 (0.00023% of votes polled)
  • Invalid votes: 0

Result: PASSED

Resolution 6: Reappointment of Mr. Gunender Kapur

Type: Special Resolution

Description: Re-appointment of Mr. Gunender Kapur (DIN: 01927304) for a tenure of 5 years with effect from September 01, 2026 and redesignated as Founder, Managing Director & Chief Executive Officer of the Company.

Voting Results:

  • Total votes polled: 4,318,730,400 (92.1858% of outstanding shares)
  • Votes in favor: 3,925,650,212 (90.89825% of votes polled)
  • Votes against: 393,080,188 (9.10175% of votes polled)
  • Invalid votes: 0

Result: PASSED

Shareholding Pattern Analysis

The total outstanding share capital as of the record date was 4,684,808,639 shares, comprising:

  • Promoter and Promoter Group: 1,874,977,956 shares (40.02%)
  • Public Institutions: 2,588,760,241 shares (55.26%)
  • Public Non-Institutions: 221,070,442 shares (4.72%)

Additional Information

The voting results and scrutinizer's report are hosted on the company's website (https://aboutvishal.com/) and NSDL's website (www.evoting.nsdl.com).

The scrutinizer's report was counter-signed by the Chairperson or any person authorized by the Chairperson of the AGM. Relevant records pertaining to the electronic voting shall remain in the safe custody of the Scrutinizer until the Chairperson signs the minutes of the AGM.