Meeting Details

The 15th Annual General Meeting was held on Tuesday, September 29, 2026, at 3:30 p.m. through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting concluded at 4:26 p.m. The cut-off date for determining shareholders entitled to vote was September 22, 2026, with 132,992 shareholders on record.

Proposed Resolutions and Implications

Five ordinary resolutions were proposed and all were approved with requisite majority:

1. Adoption of Audited Standalone Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY 2025-26 and Reports of Auditors

3. Re-appointment of Dr. Raj P Narayanam (DIN: 00410032) as Director retiring by rotation

4. Re-appointment of M S K A & Associates LLP as Statutory Auditor and fixing their remuneration

5. Re-designation of Mr. Arun Vijaykumar Gupta (DIN: 05131228) from Non-Executive Independent Director to Non-Executive Non-Independent Director

Voting Process and Methods

The remote e-voting was conducted through KFin Technologies Limited's platform, opening on Friday, September 25, 2026, at 9:00 a.m. IST and closing on Monday, September 28, 2026, at 5:00 p.m. IST. E-voting was also available during the AGM on September 29, 2026, with the voting window kept open for additional 15 minutes after the meeting concluded.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on record date: 132,992
  • Total votes cast across all resolutions: 68,249,408 shares (50.7587% of outstanding shares)
  • 65 shareholders attended the meeting through video conferencing (4 Promoters/Promoter Group, 61 Public)

Resolution-wise Results:

Resolution 1: Adoption of Standalone Financial Statements

  • Votes in favor: 68,248,306 (99.9984%)
  • Votes against: 1,102 (0.0016%)
  • 2 shareholders holding 3,025 shares abstained

Resolution 2: Adoption of Consolidated Financial Statements

  • Votes in favor: 68,248,306 (99.9984%)
  • Votes against: 1,102 (0.0016%)
  • 2 shareholders holding 3,025 shares abstained

Resolution 3: Re-appointment of Dr. Raj P Narayanam

  • Votes in favor: 68,245,661 (99.9945%)
  • Votes against: 3,747 (0.0055%)
  • 2 shareholders holding 3,025 shares abstained

Resolution 4: Re-appointment of Statutory Auditor

  • Votes in favor: 68,248,250 (99.9983%)
  • Votes against: 1,158 (0.0017%)
  • 2 shareholders holding 3,025 shares abstained

Resolution 5: Re-designation of Mr. Arun Vijaykumar Gupta

  • Votes in favor: 68,220,237 (99.9573%)
  • Votes against: 29,171 (0.0427%)
  • 2 shareholders holding 3,025 shares abstained

Category-wise Voting Breakdown:

The Promoter and Promoter Group voted 100% in favor of all resolutions with 99.9993% participation of their 59,563,689 shares. Public Institutions participated with 83.7110% of their 7,001,381 shares, voting predominantly in favor. Public Non-Institutions participated with 4.1613% of their 67,893,375 shares.

Scrutinizer's Role and Findings

S.S Reddy & Associates were appointed as scrutinizers to ensure fair and transparent voting processes. They unblocked the e-voting results on September 29, 2026, at 4:45 p.m. in the presence of two witnesses (Nandini Barg and Bhavika Samderiya) who were not employees of the company. The scrutinizer confirmed that all resolutions were passed with requisite majority and the voting process complied with applicable regulations.

Compliance Confirmation

The company confirmed compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44(3) of SEBI (LODR) Regulations, 2015. The notice of AGM was dispatched electronically on September 7, 2026, and advertisements were published in Financial Express (English) and Prajasakti (Telugu) on September 8, 2026.