Zenith Steel Pipes 64th AGM Voting Results

Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

Date of Meeting: Wednesday, September 30, 2026
Time: 03:00 P.M. IST
Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Meeting Type: 64th Annual General Meeting

Proposed Resolutions and Implications

Six ordinary resolutions were considered at the AGM:

1. Receipt and adoption of financial statements: Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports

2. Director appointment: Reappointment of Mr. Purushottam Digambar Sonavane (DIN: 08405653) who retired by rotation

3. Remuneration ratification: Ratification of remuneration of Cost Auditor

4. Secretarial auditor appointment: Appointment of Ms. Pimple and Associates (CP No. 21773) as Secretarial Auditor for 5 years from FY 2026-27 to 2030-31

5. Director regularization: Regularization of Additional Director (Non-Executive and Independent) Mrs. Aradhana Nayak (DIN: 08536989)

6. Related party transaction: Approval for Material Related Party Transaction

Voting Process and Methods

The voting was conducted through two methods:

Remote e-voting: Provided through National Securities Depository Limited (NSDL) at https://www.evoting.nsdl.com
E-voting at AGM: Conducted during the meeting through polling

Remote e-voting period was from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM). The cut-off date for determining shareholders entitled to vote was September 23, 2026.

Key Voting Outcomes

Overall Participation

Total shareholders: 80,048
Total outstanding shares: 142,280,448
Shareholders participating: 80 (71 via remote e-voting, 9 via e-voting at AGM)
Total votes cast: 19,948,389 shares (14.02% of outstanding shares)
Invalid votes: 0

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

Total votes in favor: 19,943,582 (99.98%)
Total votes against: 4,807 (0.02%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,702,886 votes in favor (99.72%), 4,807 against (0.28%)

Resolution 2: Director Reappointment

Total votes in favor: 19,942,582 (99.97%)
Total votes against: 5,807 (0.03%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,701,886 votes in favor (99.66%), 5,807 against (0.34%)

Resolution 3: Cost Auditor Remuneration

Total votes in favor: 19,942,582 (99.97%)
Total votes against: 5,807 (0.03%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,701,886 votes in favor (99.66%), 5,807 against (0.34%)

Resolution 4: Secretarial Auditor Appointment

Total votes in favor: 19,942,582 (99.97%)
Total votes against: 5,807 (0.03%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,701,886 votes in favor (99.66%), 5,807 against (0.34%)

Resolution 5: Director Regularization

Total votes in favor: 19,942,582 (99.97%)
Total votes against: 5,807 (0.03%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,701,886 votes in favor (99.66%), 5,807 against (0.34%)

Resolution 6: Related Party Transaction

Total votes in favor: 19,943,560 (99.98%)
Total votes against: 4,829 (0.02%)
Promoter group: 18,240,696 votes (100% in favor)
Public institutions: 0 votes
Public non-institutions: 1,702,864 votes in favor (99.72%), 4,829 against (0.28%)

Participation Breakdown by Category

Promoter and Promoter Group

Shares held: 22,257,157
Votes polled: 18,240,696 (81.95% participation)
Voting method: Entirely through e-voting (no polling)

Public Institutions

Shares held: 26,513
Votes polled: 0 (0% participation)

Public Non-Institutions

Shares held: 119,996,778
Votes polled: 1,707,693 (1.42% participation)
Voting method: Entirely through e-voting (no polling)

Scrutinizer's Role and Findings

Rohini Janardan Pimple of Pimple & Associates (COP: 21773) was appointed as Scrutinizer for the remote e-voting process and e-voting at the AGM. Key findings:

AGM notice was dispatched to 51,352 shareholders via email on September 08, 2026
Advertisement was published in Active Times (English) and Mumbai Lakshdeep (Marathi) on September 10, 2026
Votes were unblocked in presence of 2 witnesses not employed by the company
All resolutions passed with requisite majority (all above 99.97% in favor)
Scrutinizer confirmed compliance with Companies Act, 2013 and SEBI regulations

Compliance Confirmation

The document confirms compliance with:

Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Section 108 of Companies Act, 2013
Rule 20 of Companies (Management and Administration) Rules, 2014
SEBI Circular No. CIR/CFD/DIL/6/2012 dated July 13, 2012 as amended

Additional Information

Voting results available on company website: www.zenithsteelpipes.com
Results also available on NSDL website
Scrutinizer's records include all particulars of shareholders and will be handed over to company chairman/secretary
Corporate office: Dalamal House, 1st Floor, 206, J.B. Marg, Nariman Point, Mumbai - 400021