Meeting Details

The Forty First AGM was held on Tuesday, September 1, 2026, commencing at 10:30 AM IST and concluding at 11:40 AM IST. The meeting was conducted through Video Conferencing/Other Audio-Visual Means as per MCA circulars.

Shareholder Participation

Total number of shareholders on record date: 267,708

Shareholders present through Video Conferencing: Not specified

Promoters and Promoter Group attendees: 46

Public shareholders attendees: 76

Proposed Resolutions and Voting Outcomes

Item No. 1: Adoption of Financial Statements (Ordinary Resolution)

  • Purpose: To receive, consider and adopt: a) audited financial statements for FY ended March 31, 2026 with reports of Board and Auditor; b) audited consolidated financial statements for FY ended March 31, 2026 with Auditor's report
  • Promoter interest: No
  • Total votes cast: 316,181,546 (78.92% of outstanding shares)
  • Results: 316,180,433 in favor (99.9996%), 1,113 against (0.0004%)
  • Category breakdown:
  • Promoters: 246,312,276 votes (100% in favor)
  • Public Institutions: 68,878,026 votes (100% in favor)
  • Public Non-Institutions: 991,244 votes (99.8877% in favor, 0.1123% against)

Item No. 2: Final Dividend Declaration (Ordinary Resolution)

  • Purpose: Declaration of final dividend @ ₹6 per equity share (60%) for FY ended March 31, 2026
  • Promoter interest: No
  • Total votes cast: 316,785,996 (79.07% of outstanding shares)
  • Results: 316,288,919 in favor (99.8431%), 497,077 against (0.1569%)
  • Category breakdown:
  • Promoters: 246,312,276 votes (100% in favor)
  • Public Institutions: 69,452,476 votes (99.2858% in favor, 0.7142% against)
  • Public Non-Institutions: 1,021,244 votes (99.8992% in favor, 0.1008% against)

Item No. 3: Re-appointment of Director (Ordinary Resolution)

  • Purpose: Re-appointment of Mr. Chandra Shekhar Nopany (DIN: 00014587) as director who retires by rotation
  • Promoter interest: Yes
  • Total votes cast: 299,139,852 (74.66% of outstanding shares)
  • Results: 289,294,809 in favor (96.7089%), 9,845,043 against (3.2911%)
  • Category breakdown:
  • Promoters: 228,666,164 votes (100% in favor)
  • Public Institutions: 69,452,476 votes (85.8281% in favor, 14.1719% against)
  • Public Non-Institutions: 1,021,212 votes (99.7750% in favor, 0.2250% against)

Item No. 4: Cost Auditor Ratification (Ordinary Resolution)

  • Purpose: Ratification of remuneration payable to M/s. K.G. Goyal & Associates (Firm Registration No: 000024) for cost audit for FY 2026-27
  • Promoter interest: No
  • Total votes cast: 316,785,964 (79.07% of outstanding shares)
  • Results: 316,784,628 in favor (99.9996%), 1,336 against (0.0004%)
  • Category breakdown:
  • Promoters: 246,312,276 votes (100% in favor)
  • Public Institutions: 69,452,476 votes (100% in favor)
  • Public Non-Institutions: 1,021,212 votes (99.8692% in favor, 0.1308% against)

Item No. 5: Independent Director Continuation (Special Resolution)

  • Purpose: Approval for continuation of Mrs. Rita Menon (DIN: 00064714) as Independent Director after attaining age 75 years until completion of tenure on September 09, 2030
  • Promoter interest: No
  • Total votes cast: 316,785,964 (79.07% of outstanding shares)
  • Results: 314,824,916 in favor (99.3810%), 1,961,048 against (0.6190%)
  • Category breakdown:
  • Promoters: 246,312,276 votes (100% in favor)
  • Public Institutions: 69,452,476 votes (97.1801% in favor, 2.8199% against)
  • Public Non-Institutions: 1,021,212 votes (99.7493% in favor, 0.2507% against)

Voting Process and Methods

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) and e-voting during the AGM through VC/OAVM. Remote e-voting commenced at 09:00 AM IST on August 28, 2026, and ended at 05:00 PM IST on August 31, 2026.

Scrutiniser's Role and Findings

Mr. Manish Gupta, Managing Partner of M/s RMG & Associates, Company Secretaries, was appointed as Scrutinizer. The scrutinizer verified that:

  • Notice of AGM dated July 31, 2026, and Annual Report were sent electronically on August 5, 2026
  • Advertisements were published in Business Standard (English) and Dainik Bhaskar/Rajasthan Patrika (Hindi) newspapers
  • Cut-off date for voting eligibility was August 25, 2026
  • Votes were unblocked in presence of two independent witnesses
  • All five resolutions (4 Ordinary, 1 Special) were passed with requisite majority

Compliance Confirmation

The voting process complied with Section 108 of Companies Act, 2013, Rule 20 of Companies (Management and Administration) Rules, 2014, Secretarial Standard SS-2, and SEBI LODR Regulations, 2015. The process also followed MCA Circulars dated September 22, 2025, and previous circulars regarding virtual meetings.

Additional Information

Total outstanding shares: 400,652,297

Invalid votes across all resolutions: 20,42,645 votes from 21 members

All resolutions were passed with required majorities as per Companies Act, 2013 provisions.