Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Type: 42nd Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) with deemed venue at the Registered Office of the Company
  • Time: 03:00 PM IST

Proposed Resolutions and Implications

Three ordinary resolutions were considered:

1. Item No. 1: To receive, consider and adopt the audited financial statements (including audited consolidated financial statements) for the financial year ended 31st March, 2026 and the reports of the Board and the Auditors thereon.

2. Item No. 2: To appoint a Director in place of Mr. Subramaniam Ramachandran Iyer (DIN: 00580437), who retires by rotation and being eligible, offers himself for re-appointment.

3. Item No. 3: To appoint a Director in place of Mr. Salman Yusuf Noorani (DIN: 00068423), who retires by rotation and being eligible, offers himself for re-appointment.

Voting Process and Methods

  • Remote E-voting: Conducted through KFin Technologies Limited from Sunday, 27th September, 2026 at 09:00 AM to Tuesday, 29th September, 2026 at 05:00 PM
  • E-voting during AGM: Conducted for members attending the 42nd AGM through VC who could not participate in Remote E-voting
  • Cut-off date for determining voting eligibility: Friday, 25th September, 2026
  • Total shareholders on record date: 10,329

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 27,458,131
  • Total votes cast: 14,119,523 shares (51.422% of outstanding shares)
  • Number of members who cast votes: 69 (56 through Remote E-voting, 13 through E-voting at meeting)

Resolution-wise Results

Item No. 1 - Adoption of Financial Statements
  • Total votes in favor: 14,087,241 (99.771% of votes cast)
  • Total votes against: 32,282 (0.229% of votes cast)
  • Abstained/invalid votes: NIL
  • Result: PASSED
Item No. 2 - Re-appointment of Mr. Subramaniam Ramachandran Iyer
  • Total votes in favor: 14,081,641 (99.732% of votes cast)
  • Total votes against: 37,882 (0.268% of votes cast)
  • Abstained/invalid votes: NIL
  • Result: PASSED
Item No. 3 - Re-appointment of Mr. Salman Yusuf Noorani
  • Total votes in favor: 14,081,641 (99.732% of votes cast)
  • Total votes against: 37,882 (0.268% of votes cast)
  • Abstained/invalid votes: NIL
  • Result: PASSED

Category-wise Voting Breakdown

Promoter and Promoter Group
  • Shares held: 20,025,146
  • Total votes polled: 13,791,555 (68.8712% of shares held)
  • Votes in favor: 13,791,555 (100% of votes polled)
  • Votes against: 0 (0% of votes polled)
Public Institutions
  • Shares held: 0
  • Total votes polled: 0
  • No votes cast in this category
Public Non-Institutions
  • Shares held: 7,432,985
  • Total votes polled: 327,968 (4.4123% of shares held)
  • Votes in favor: 295,686 (90.157% of votes polled)
  • Votes against: 32,282 (9.843% of votes polled)

Scrutinizer's Role and Findings

  • Scrutinizer: Venkataraman K, Practicing Company Secretary (ACS No. 8897, COP No.: 12459)
  • Appointment: By Board of Directors at meeting held on August 12, 2026
  • Service Provider: KFin Technologies Limited provided e-voting system and conducted the AGM through VC/OAVM
  • Vote unblocking: Conducted on September 30, 2026 in presence of witnesses Mr. Vivek Ramnani and Mr. Aashaye Kumar
  • Findings: All resolutions passed with requisite majority, process conducted fairly and transparently

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars No. 20/2020 dated May 5, 2020 and subsequent circulars dated April 8, 2020, April 13, 2020, January 13, 2021, May 5, 2022, December 28, 2022, September 25, 2023, September 19, 2024, and September 22, 2025
  • SEBI circulars regarding conduct of AGMs through VC/OAVM

Notices were sent to shareholders via email, and advertisements were published in Business Standard (English) and Nav Shakti (Marathi) newspapers on September 3, 2026 and September 8, 2026.

Additional Information

  • Company CIN: L17100MH1984PLC033143
  • Total shareholders: 10,374 as of internal cut-off date (September 4, 2026) for dispatch of AGM notice
  • Notice dispatch: 9,864 notices sent by email, 314 emails bounced back
  • RTA: KFin Technologies Limited