Meeting Details

  • Date: Monday, September 28, 2026
  • Time: 11:30 AM
  • Location: Registered office at Bellad Bagewadi, Taluka Hukkeri, District Belgaum 591305, Karnataka, India
  • Type: 31st Annual General Meeting
  • Total shareholders on record date: 146,071
  • Shareholders present in person or through proxy: 85 (9 Promoters/Promoter Group + 76 Public)
  • Shareholders attended through video conferencing: 0

Proposed Resolutions and Implications

Four ordinary resolutions were proposed:

1. Ordinary Resolution No. 1: Consider and adopt the Audited 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

2. Ordinary Resolution No. 2: Appointment of a Director in place of Mr. Kush Ramesh Katti who retires by rotation and being eligible has offered for Re-appointment (Promoters interested)

3. Ordinary Resolution No. 3: Appointment of a Director in place of Mrs. Sneha Nithin Dev who retires by rotation and being eligible has offered for Re-appointment (Promoters interested)

4. Ordinary Resolution No. 4: Ratification of remuneration payable to the Cost Auditors of the Company for the Financial Year 2026-27 (Promoters not interested)

Voting Process and Methods

  • Remote e-voting: Provided by Bigshare Services Private Limited, the Registrar and Share Transfer Agents
  • E-voting period: From 9:00 AM on Friday, September 25, 2026 to 5:00 PM on Sunday, September 27, 2026
  • Physical voting: Ballot paper voting during the AGM
  • Cut-off date: September 21, 2026 for shareholder eligibility
  • Scrutinizer: Ramnath Sadekar, Advocate (MAH/52/1978), appointed by Board on August 13, 2026

Key Voting Outcomes

Resolution 1 - Adoption of Financial Statements

  • Total votes cast: 61,405,543
  • In favor: 61,255,543 votes (99.75%)
  • Against: 151,806 votes (0.25%)
  • Remote e-voting: 45 members voted with 363,205 votes cast (151,806 in favor)
  • Ballot voting: 85 members voted with 61,042,338 votes cast (99.75% in favor)

Resolution 2 - Re-appointment of Mr. Kush Katti

  • Total votes cast: 36,238,738
  • In favor: 36,085,627 votes (99.58%)
  • Against: 153,111 votes (0.42%)
  • Abstain: 4 members with 251,655,000 votes
  • Remote e-voting: 53 members voted with 515,011 votes cast (361,900 in favor, 153,111 against)
  • Ballot voting: 81 members voted with 35,876,838 votes cast (99.58% in favor)

Resolution 3 - Re-appointment of Mrs. Sneha Nithin Dev

  • Total votes cast: 27,892,943
  • In favor: 27,738,282 votes (99.45%)
  • Against: 154,661 votes (0.55%)
  • Abstain: 4 members with 335,097,450 votes
  • Remote e-voting: 52 members voted with 513,711 votes cast (359,050 in favor, 154,661 against)
  • Ballot voting: 82 members voted with 27,533,893 votes cast (99.45% in favor)

Resolution 4 - Ratification of Cost Auditor Remuneration

  • Total votes cast: 61,305,652
  • In favor: 61,053,955 votes (99.59%)
  • Against: 251,697 votes (0.41%)
  • Remote e-voting: 53 members voted with 515,011 votes cast (263,314 in favor, 251,697 against)
  • Ballot voting: 85 members voted with 61,042,338 votes cast (99.59% in favor)

Category-wise Voting Breakdown

Resolution 1

  • Promoters & Promoter Group: 63,247,310 shares held, 60,935,038 votes polled (96.3441%), 100% in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 154,580,390 shares held, 622,311 votes polled (0.4026%), 470,505 in favor (75.6061%), 151,806 against (24.3939%)

Resolution 2

  • Promoters & Promoter Group: 63,247,310 shares held, 35,769,538 votes polled (56.5550%), 100% in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 154,580,390 shares held, 622,311 votes polled (0.4026%), 469,200 in favor (75.3964%), 153,111 against (24.6036%)

Resolution 3

  • Promoters & Promoter Group: 63,247,310 shares held, 27,426,593 votes polled (43.3640%), 100% in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 154,580,390 shares held, 621,011 votes polled (0.4017%), 466,350 in favor (75.0953%), 154,661 against (24.9047%)

Resolution 4

  • Promoters & Promoter Group: 63,247,310 shares held, 63,247,310 votes polled (100.0000%), 100% in favor
  • Public Institutions: 0 shares held, 0 votes polled
  • Public Non-Institutions: 154,580,390 shares held, 622,311 votes polled (0.4026%), 370,614 in favor (59.5545%), 251,697 against (40.4455%)

Scrutinizer's Role and Findings

Ramnath Sadekar, Advocate, was appointed scrutinizer to scrutinize the remote e-voting and ballot paper voting in a fair and transparent manner. The scrutinizer unblocked the e-voting system and unlocked the ballot box after the meeting in the presence of two witnesses not employed by the company. All four resolutions were passed with requisite majority and deemed passed as of the AGM date.

Compliance Confirmation

The company confirmed compliance with Companies Act, 2013, Rules made thereunder, SEBI (LODR) Regulations, 2015, and circulars issued by MCA and SEBI. The voting process followed Regulation 44 of SEBI LODR and Section 108 of Companies Act, 2013.

Record Keeping

The registers, papers, and records relating to electronic voting and ballot papers will remain in the scrutinizer's safe custody until the Chairman approves and signs the minutes, after which they will be handed over to Mr. Kush Katti, Whole-Time Director, for safe keeping.