Meeting Details

  • Date of Meeting: September 17, 2026
  • Type of Meeting: Extraordinary General Meeting (EGM)
  • Location: Conducted by Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Start Time: 10:15 AM
  • End Time: 10:37 AM
  • Record Date: September 10, 2026
  • Total Shareholders on Record Date: 30,671

Proposed Resolutions and Implications

Two special resolutions were considered:

Resolution 1: Issuance of equity shares by way of preferential issue on private placement basis. This resolution sought shareholder approval for raising capital through preferential allotment of shares.

Resolution 2: Enhancement of fund-raising limits approved by shareholders vide special resolution dated August 12, 2026. This resolution aimed to increase the company's authorized fundraising capacity.

Voting Process and Methods

The voting was conducted primarily through e-voting facility provided by Central Depository Services Limited (CDSL). Shareholders could vote electronically through https://www.evoting.cdsl.com until 5:00 PM on September 16, 2026. During the physical meeting on September 17, 2026, four shareholders exercised their option to vote through e-voting at the venue.

Key Voting Outcomes

Resolution 1: Preferential Issue of Equity Shares

  • Total Votes Cast: 17,501,300 shares
  • Votes in Favor: 17,500,358 shares (99.9946%)
  • Votes Against: 942 shares (0.0054%)
  • Voter Participation: 71.6297% of outstanding shares

Category-wise Breakdown - Resolution 1:

  • Promoter & Promoter Group: 14,246,536 votes cast (100% participation), 100% in favor
  • Public Institutions: 1,315,315 votes cast (69.311% participation), 100% in favor
  • Public Non-Institutions: 1,939,449 votes cast (23.3985% participation), 99.9514% in favor, 0.0486% against

Resolution 2: Enhancement of Fund-raising Limits

  • Total Votes Cast: 17,501,300 shares
  • Votes in Favor: 17,501,288 shares (99.9999%)
  • Votes Against: 12 shares (0.0001%)
  • Voter Participation: 71.6297% of outstanding shares

Category-wise Breakdown - Resolution 2:

  • Promoter & Promoter Group: 14,246,536 votes cast (100% participation), 100% in favor
  • Public Institutions: 1,315,315 votes cast (69.311% participation), 100% in favor
  • Public Non-Institutions: 1,939,449 votes cast (23.3985% participation), 99.9994% in favor, 0.0006% against

Scrutinizer's Role and Findings

Scrutinizer Details:

  • Name: Ramanathan Nachiappan
  • Firm: M/s. S Dhanapal & Associates LLP, Practising Company Secretaries
  • Qualification: CS
  • Membership Number: F6665
  • Appointment Date: August 19, 2026
  • Report Issuance Date: September 17, 2026

The scrutinizer confirmed that:

  • The e-voting process was conducted in a fair and transparent manner
  • Voting rights were proportional to shareholding as of the record date (September 10, 2026)
  • The company circulated the EGM notice via email on August 24, 2026, with a corrigendum dispatched on September 1, 2026
  • No invalid votes were cast for either resolution
  • No shareholders abstained from voting

Compliance Confirmation

The scrutinizer confirmed compliance with the Companies Act, 2013 and relevant rules, particularly Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The voting process adhered to SEBI LODR requirements.

Additional Information

  • Company Scrip Code: 590073
  • NSE Symbol: WHEELS
  • Total Outstanding Shares: 24,433,012
  • Shareholder Attendance: 3 promoter group members and 61 public shareholders attended via video conferencing
  • Registrar and Transfer Agent: Cameo Corporate Services Private Limited