Meeting Details

  • Date: Wednesday, 5th August, 2026
  • Time: 10:00 AM IST to 10:58 AM IST
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Type of Meeting: Annual General Meeting (AGM)
  • Chairman: Shri K. Sadashiv Murthy, Chairman of the Board

Summary of Proposed Resolutions

Seven resolutions were proposed and passed at the meeting:

Ordinary Business

1. Adoption of Financial Statements for the year ended 31st March, 2026 together with Board's Report and Auditors' Report

2. Approval and declaration of dividend for FY 2025-26

3. Re-appointment of Shri Rajesh Kumar Dwivedi (DIN: 10048893) who retires by rotation

4. Re-appointment of Shri Serugulathur Mahadevan Ramanathan (DIN: 11084884) who retires by rotation

5. Authorization to Board of Directors to fix remuneration of Auditors for FY 2026-27

Special Business

6. Ratification of remuneration of Cost Auditors for FY 2026-27

7. Appointment of Ms. Nigar Fatima Husain (DIN: 11688785) as Director

Voting Process and Methods

  • Remote e-voting: Conducted via National Securities Depository Limited (NSDL) from 2nd August, 2026 (9:00 AM) to 4th August, 2026 (5:00 PM)
  • Electronic voting at AGM: Provided during the meeting for shareholders who couldn't exercise remote e-voting
  • Cut-off date for voting eligibility: 29th July, 2026
  • Total shareholders on record date: 16,67,062

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 3,030,075,833
  • % in favor: 92.24% (2,794,953,563 votes)
  • % against: 7.76% (235,122,270 votes)

Resolution 2: Dividend Declaration

  • Total votes cast: 3,032,949,764
  • % in favor: 97.53% (2,958,165,030 votes)
  • % against: 2.47% (74,784,734 votes)

Resolution 3: Re-appointment of Shri Rajesh Kumar Dwivedi

  • Total votes cast: 3,032,830,843
  • % in favor: 89.90% (2,726,550,956 votes)
  • % against: 10.10% (306,279,887 votes)

Resolution 4: Re-appointment of Shri Serugulathur Mahadevan Ramanathan

  • Total votes cast: 3,032,830,639
  • % in favor: 91.99% (2,789,781,397 votes)
  • % against: 8.01% (243,049,242 votes)

Resolution 5: Auditor Remuneration Authorization

  • Total votes cast: 3,032,831,211
  • % in favor: 99.74% (3,024,907,797 votes)
  • % against: 0.26% (7,923,414 votes)

Resolution 6: Cost Auditor Remuneration Ratification

  • Total votes cast: 3,032,831,824
  • % in favor: 97.53% (2,958,040,895 votes)
  • % against: 2.47% (74,790,929 votes)

Resolution 7: Appointment of Ms. Nigar Fatima Husain

  • Total votes cast: 3,032,830,391
  • % in favor: 84.20% (2,553,683,955 votes)
  • % against: 15.80% (479,146,436 votes)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

  • Representation: 1 shareholder attended through VC (President of India through Shri Vijay Mittal, Joint Secretary, Ministry of Heavy Industries)
  • Voting pattern: 100% voted in favor on all resolutions

Public Shareholders

  • Institutional: 90.07-90.33% participation rate across resolutions
  • Non-Institutional: 0.43-0.43% participation rate across resolutions
  • Total public attendance: 188 shareholders attended through VC

Scrutinizer's Role and Findings

  • Scrutinizer: Shri Deepak Kumar, Practicing Company Secretary of M/s Akhil Rohatgi & Co.
  • Appointment: By Board of Directors in meeting held on 1st July, 2026
  • Responsibilities: Scrutinized remote e-voting and electronic voting at AGM
  • Process: Votes were unblocked on 5th August, 2026 at 11:10 AM in presence of two witnesses (Miss Anisha and Miss Vibha)
  • Conclusion: All resolutions passed with requisite majority as Ordinary Resolutions
  • Document custody: All voting records remain with scrutinizer until Chairman approves and signs minutes

Compliance Confirmation

  • Compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Compliance with SEBI (LODR) Regulations, 2015
  • Compliance with MCA Circulars No. 14/2020, 17/2020, 20/2020 and 3/2025
  • No qualifications from Statutory auditors on audited accounts
  • NIL comments from C&AG

Additional Information

  • Company Secretary apprised about observation in Secretarial Audit Report and management reply
  • Chairman delivered speech and answered shareholder queries
  • Deemed venue: Registered Office of Company at BHEL House Siri Fort, New Delhi-110049