Meeting Details
The 56th Annual General Meeting was held on Tuesday, September 29, 2026 through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 11:00 AM and concluded at 12:35 PM on the same day. The voting results were declared by the Company Secretary, duly authorized by the Chairman, on September 30, 2026 at 2:25 PM.
Record Date and Shareholder Information
The record date for determining shareholders entitled to vote was September 22, 2026. The total number of shareholders on the record date was 17,335. A total of 62 public shareholders attended the meeting through video conferencing.
Voting Process and Methods
The voting was conducted through electronic means (e-voting) with CDSL serving as the service provider. Remote e-voting opened at 9:00 AM IST on Thursday, September 24, 2026 and remained open until 5:00 PM IST on Monday, September 28, 2026. Additional e-voting was conducted during the AGM for shareholders present through VC/OAVM who had not voted earlier.
Resolution Details and Voting Outcomes
Resolution 1: Adoption of Financial Statements
Type: Ordinary Resolution
Description: To consider and adopt the Audited Financial Statements of the Company and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors.
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,225,709 (99.9999%)
Votes Against: 3 (0.0001%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 177,455 in favor (99.9983%), 3 against (0.0017%)
Resolution 2: Dividend Declaration
Type: Ordinary Resolution
Description: To declare dividend for the Financial Year ended March 31, 2026
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,225,709 (99.9999%)
Votes Against: 3 (0.0001%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 177,455 in favor (99.9983%), 3 against (0.0017%)
Resolution 3: Director Reappointment
Type: Ordinary Resolution
Description: To appoint a Director in place of Mr. Ramamurthy Sundaresan (DIN 00540033) who retires by rotation
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,225,109 (99.9857%)
Votes Against: 603 (0.0143%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 176,855 in favor (99.6602%), 603 against (0.3398%)
Resolution 4: Managing Director Reappointment
Type: Special Resolution
Description: Re-appointment of Dr. Rahul Mirchandani as the Managing Director
Promoter Interest: Yes
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 3,908,130 (92.4845%)
Votes Against: 317,582 (7.5155%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 0% in favor, 100% against
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 176,855 in favor (99.6602%), 603 against (0.3398%)
Resolution 5: Independent Director Reappointment
Type: Special Resolution
Description: Re-appointment of Mr Nrupang Bhumitra Dholakia (DIN: 06522711) as an Independent Director
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,225,109 (99.9857%)
Votes Against: 603 (0.0143%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 176,855 in favor (99.6602%), 603 against (0.3398%)
Resolution 6: Cost Auditor Remuneration
Type: Ordinary Resolution
Description: Ratification of the remuneration payable to the Cost Auditor for the financial year ending March 2027
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,225,046 (99.9842%)
Votes Against: 666 (0.0158%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 176,792 in favor (99.6247%), 666 against (0.3753%)
Resolution 7: Promoter Director Commission
Type: Special Resolution
Description: Approval for the payment of the Commission to Ms. Nitya Mirchandani, Promoter Director of the Company
Promoter Interest: Yes
Result: Passed
Total Votes Cast: 4,225,712
Votes in Favor: 4,224,986 (99.9828%)
Votes Against: 726 (0.0172%)
Promoter Group: 3,731,275 votes cast (54.4877% of outstanding), 100% in favor
Public Institutions: 316,979 votes cast (70.6369% of outstanding), 100% in favor
Public Non-Institutions: 177,458 votes cast (3.1091% of outstanding), 176,732 in favor (99.5909%), 726 against (0.4091%)
Scrutinizer's Report
Shailashri Bhaskar, Practicing Company Secretary (CP No. 5092), was appointed as Scrutinizer to scrutinize the e-voting process. The scrutinization was conducted in the presence of two witnesses - Mr. R Bhaskar and Ms. Chandra Gauthama, who are not employees of the company. The remote e-voting period was from September 24, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST). The scrutinizer confirmed that all seven resolutions were passed with requisite majority and provided a detailed breakdown of votes from remote e-voting (106 members, 4,225,594 votes) and e-voting at AGM (4 members, 118 votes).
Compliance Confirmation
The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 & 21 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, and relevant MCA and SEBI circulars.