Meeting Details

The 38th Annual General Meeting was held on September 23, 2026 at 11:30 a.m. through Video Conferencing / Other Audio Visual Means.

Proposed Resolutions and Implications

All four resolutions set out in the AGM notice were duly passed with requisite majority:

1. Item No. 1 (Ordinary Resolution): Adoption of audited standalone financial statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors thereon; and adoption of audited consolidated financial statements for FY ended March 31, 2026 and Report of Auditors thereon.

2. Item No. 2 (Ordinary Resolution): Declaration of dividend on equity shares for financial year ended March 31, 2026, payment of which is subject to appropriate judicial orders.

3. Item No. 3 (Ordinary Resolution): Reappointment of Mr. Maheswar Sahu (DIN: 00034051), Non-Executive, Non-Independent Director, who retires by rotation.

4. Item No. 4 (Special Resolution): Reappointment of Mr. Devender Singh Rawat (DIN: 02587354), Non-Executive, Non-Independent Director, who retires by rotation.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility provided by KFin Technologies Limited from September 19, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST)
  • Electronic voting during the AGM on September 23, 2026

Key Voting Outcomes

Overall Participation:

  • Number of members who cast votes: 134 (126 remote + 8 at AGM)
  • Total shares voted: 28,098,776 (28,082,730 remote + 16,045 at AGM)

Resolution-wise Results:

Item No. 1 - Adoption of Financial Statements:

  • Total valid votes: 28,098,576
  • Votes in favor: 28,098,206 (99.999%)
  • Votes against: 370 (0.001%)
  • Abstained/Less Voted/Invalid: 200

Item No. 2 - Dividend Declaration:

  • Total valid votes: 28,098,576
  • Votes in favor: 28,098,206 (99.999%)
  • Votes against: 370 (0.001%)
  • Abstained/Less Voted/Invalid: 200

Item No. 3 - Reappointment of Maheswar Sahu:

  • Total valid votes: 28,098,576
  • Votes in favor: 28,083,581 (99.947%)
  • Votes against: 14,995 (0.053%)
  • Abstained/Less Voted/Invalid: 200

Item No. 4 - Reappointment of Devender Singh Rawat:

  • Total valid votes: 28,098,576
  • Votes in favor: 28,083,581 (99.947%)
  • Votes against: 14,995 (0.053%)
  • Abstained/Less Voted/Invalid: 200

Scrutinizer's Role and Findings

B. Narasimhan, Proprietor of B N & Associates, Company Secretaries, was appointed as Scrutinizer. Key findings:

  • The e-voting system was provided by KFin Technologies Limited (EVSP/RTA)
  • Remote e-voting was conducted from September 19-22, 2026
  • Votes were unblocked on September 23, 2026 in presence of witnesses Mr. Vivek Ramnani and Mrs. Saroj Narasimhan
  • All resolutions passed with requisite majority
  • Scrutinizer maintains soft copies of voting registers

Compliance Confirmation

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circular Nos. 14/2020, 17/2020, and subsequent circulars including Circular No. 03/2025
  • SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020

Additional Information

  • Cut-off date for voting eligibility: September 16, 2026
  • Notice and Annual Report sent to 44,834 members via email
  • Letter sent to 3,482 members without registered email addresses
  • Advertisements published in The New Indian Express (English) and Dinamani (Tamil) newspapers on August 25, 2026 and August 28, 2026