Meeting Details

  • Date: Wednesday, 5th August 2026
  • Time: Commenced at 11:30 A.M. and concluded at 1:18 P.M.
  • Location/Type: The meeting was held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), as a fully virtual Annual General Meeting.
  • Cut-off Date for Shareholder Eligibility: 27th July 2026

Summary of Proposed Resolutions and Implications

The AGM featured 14 resolutions covering a range of ordinary and special business.

Ordinary Business (Resolutions 1-5, 14):

  • Resolution 1: To receive, consider, approve, and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026, along with reports from the Board of Directors and Auditors.
  • Resolution 2: To receive, consider, approve, and adopt the Audited Consolidated Financial Statements for FY ended March 31, 2026.
  • Resolution 3: To declare a dividend of ₹7.50 (375%) per equity share of face value ₹2.00 for FY26.
  • Resolution 4: To re-appoint Shri Girish Satarkar (DIN: 00340116), a director retiring by rotation.
  • Resolution 5: To appoint Shri Anant Pande (DIN: 08186854) as a director liable to retire by rotation, replacing Shri Ajay C. Mehta (DIN: 00028405) who did not offer himself for re-appointment.
  • Resolution 14: To ratify the remuneration of the Cost Auditor for the Financial Year 2026-27.

Special Business - Director Appointments & Remuneration (Resolutions 6-13):

  • Resolution 6: Appointment of Shri Anant Pande as Executive Director & CMO for 3 years from August 5, 2026, and payment of remuneration.
  • Resolution 7: Re-appointment and elevation of Shri Maulik Mehta (DIN: 05227290) as Deputy Managing Director for 5 years from May 9, 2026, and payment of remuneration.
  • Resolution 8: Elevation and appointment of Shri Meghav Mehta (DIN: 05229853) as Deputy Managing Director for 5 years from May 9, 2026, and payment of remuneration.
  • Resolution 9: Re-appointment of Shri Sanjay Upadhyay (DIN: 01776546) as Director (Finance) & Group CFO for 5 years from August 1, 2026, and payment of remuneration.
  • Resolution 10: Re-appointment of Shri Girish Satarkar as Executive Director for 3 years from August 4, 2026, and payment of remuneration.
  • Resolution 11 (Special): Appointment of Shri Mitin Mehta (DIN: 01297508) as an Independent Director for a 3-year term from August 7, 2026.
  • Resolution 12 (Special): Appointment of Shri Adnan Ahmad (DIN: 00046742) as an Independent Director for a 3-year term from August 7, 2026.
  • Resolution 13 (Special): Payment of Remuneration to Executive Directors who are Promoters or members of the Promoter Group.

Voting Process and Methods

The voting process was conducted in two phases:

1. Remote E-Voting: Conducted via the NSDL e-voting platform from Sunday, August 2, 2026 (9:00 A.M. IST) to Tuesday, August 4, 2026 (5:00 P.M. IST).

2. E-Voting during the AGM: The company provided an e-voting facility during the virtual AGM for shareholders who had not cast their votes via remote e-voting.

Physical attendance and the facility for appointing proxies were dispensed with in line with MCA and SEBI circulars for virtual meetings. Shareholders attending via VC/OAVM were counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

Key Voting Outcomes

All 14 resolutions were passed with the requisite majority. The total number of equity shares outstanding as of the cut-off date was 136,393,041.

Resolution-wise Voting Details:

  • Resolution 1 (Ordinary - Standalone Results):
  • Total Votes Cast: 106,450,129 (78.0466% of outstanding shares)
  • Votes in Favour: 106,448,574 (99.9985% of votes cast)
  • Votes Against: 1,555 (0.0015% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,411,436 votes cast (91.7592% of held), all in favour.
  • Public Non-Institutions: 1,742,795 votes cast (6.1527% of held), 1,741,740 in favour, 1,555 against.
  • Resolution 2 (Ordinary - Consolidated Results):
  • Total Votes Cast: 106,450,129 (78.0466% of outstanding shares)
  • Votes in Favour: 106,448,577 (99.9985% of votes cast)
  • Votes Against: 1,552 (0.0015% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,411,436 votes cast, all in favour.
  • Public Non-Institutions: 1,742,795 votes cast, 1,741,243 in favour, 1,552 against.
  • Resolution 3 (Ordinary - Dividend):
  • Total Votes Cast: 106,451,063 (78.0473% of outstanding shares)
  • Votes in Favour: 106,449,545 (99.9986% of votes cast)
  • Votes Against: 1,518 (0.0014% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast (91.7615% of held), all in favour.
  • Public Non-Institutions: 1,742,795 votes cast, 1,741,277 in favour, 1,518 against.
  • Resolution 4 (Ordinary - Re-appointment of Girish Satarkar):
  • Total Votes Cast: 106,450,415 (78.0468% of outstanding shares)
  • Votes in Favour: 106,080,953 (99.6529% of votes cast)
  • Votes Against: 369,462 (0.3471% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 37,044,976 in favour, 367,454 against.
  • Public Non-Institutions: 1,742,147 votes cast (6.1504% of held), 1,740,139 in favour, 2,008 against.
  • Resolution 5 (Ordinary - Appointment of Anant Pande as Director):
  • Total Votes Cast: 106,450,590 (78.0469% of outstanding shares)
  • Votes in Favour: 106,407,918 (99.9599% of votes cast)
  • Votes Against: 42,672 (0.0401% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 37,371,525 in favour, 40,845 against.
  • Public Non-Institutions: 1,742,322 votes cast (6.1510% of held), 1,740,495 in favour, 1,827 against.
  • Resolution 6 (Ordinary - Anant Pande as ED & CMO):
  • Total Votes Cast: 106,450,590 (78.0469% of outstanding shares)
  • Votes in Favour: 96,539,805 (90.6898% of votes cast)
  • Votes Against: 9,910,785 (9.3102% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 27,503,293 in favour, 9,909,077 against.
  • Public Non-Institutions: 1,742,322 votes cast, 1,740,614 in favour, 1,708 against.
  • Resolution 7 (Ordinary - Maulik Mehta as Deputy MD):
  • Total Votes Cast: 83,006,201 (60.8581% of outstanding shares)
  • Votes in Favour: 73,095,342 (88.0601% of votes cast)
  • Votes Against: 9,910,859 (11.9399% of votes cast)
  • Promoter & Promoter Group: 43,851,509 votes cast (65.1622% of held), all in favour.
  • Public Institutions: 37,412,370 votes cast, 27,503,293 in favour, 9,909,077 against.
  • Public Non-Institutions: 1,742,322 votes cast, 1,740,540 in favour, 1,782 against.
  • Invalid Votes: 23,444,389 votes from the Promoter & Promoter Group category were noted as invalid for this resolution.
  • Resolution 8 (Ordinary - Meghav Mehta as Deputy MD):
  • Total Votes Cast: 83,009,801 (60.8607% of outstanding shares)
  • Votes in Favour: 72,489,680 (87.3267% of votes cast)
  • Votes Against: 10,520,121 (12.6733% of votes cast)
  • Promoter & Promoter Group: 43,865,089 votes cast (65.1824% of held), all in favour.
  • Public Institutions: 37,402,390 votes cast (91.7370% of held), 26,884,356 in favour, 10,518,034 against.
  • Public Non-Institutions: 1,742,322 votes cast, 1,740,235 in favour, 2,087 against.
  • Invalid Votes: 23,430,809 votes from the Promoter & Promoter Group category were noted as invalid for this resolution.
  • Resolution 9 (Ordinary - Sanjay Upadhyay as Director (Finance) & Group CFO):
  • Total Votes Cast: 106,448,805 (78.0456% of outstanding shares)
  • Votes in Favour: 96,537,758 (90.6494% of votes cast)
  • Votes Against: 9,911,047 (9.3106% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 27,503,293 in favour, 9,909,077 against.
  • Public Non-Institutions: 1,740,537 votes cast (6.1508% of held), 1,738,567 in favour, 1,970 against.
  • Invalid Votes: 1,738 votes from the Public Non-Institutions category were noted as invalid for this resolution.
  • Resolution 10 (Ordinary - Re-appointment of Girish Satarkar as ED):
  • Total Votes Cast: 106,450,415 (78.0468% of outstanding shares)
  • Votes in Favour: 96,539,665 (90.6898% of votes cast)
  • Votes Against: 9,910,750 (9.3102% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 27,503,293 in favour, 9,909,077 against.
  • Public Non-Institutions: 1,742,147 votes cast, 1,740,474 in favour, 1,673 against.
  • Resolution 11 (Special - Mitin Mehta as Independent Director):
  • Total Votes Cast: 106,450,550 (78.0469% of outstanding shares)
  • Votes in Favour: 102,365,742 (96.1627% of votes cast)
  • Votes Against: 4,084,808 (3.8373% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, 33,329,083 in favour, 4,083,287 against.
  • Public Non-Institutions: 1,742,282 votes cast (6.1509% of held), 1,740,761 in favour, 1,521 against.
  • Resolution 12 (Special - Adnan Ahmad as Independent Director):
  • Total Votes Cast: 106,450,415 (78.0468% of outstanding shares)
  • Votes in Favour: 106,447,972 (99.9977% of votes cast)
  • Votes Against: 2,443 (0.0023% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, all in favour.
  • Public Non-Institutions: 1,742,147 votes cast, 1,739,704 in favour, 2,443 against.
  • Resolution 13 (Special - Remuneration to Promoter Executive Directors):
  • Total Votes Cast: 82,936,551 (60.8070% of outstanding shares)
  • Votes in Favour: 72,416,456 (87.3155% of votes cast)
  • Votes Against: 10,520,095 (12.6845% of votes cast)
  • Promoter & Promoter Group: 43,791,789 votes cast (65.0735% of held), all in favour.
  • Public Institutions: 37,402,390 votes cast, 26,884,356 in favour, 10,518,034 against.
  • Public Non-Institutions: 1,742,372 votes cast (6.1512% of held), 1,740,311 in favour, 2,061 against.
  • Invalid Votes: 23,504,109 votes from the Promoter & Promoter Group category were noted as invalid for this resolution.
  • Resolution 14 (Ordinary - Ratification of Cost Auditor Remuneration):
  • Total Votes Cast: 106,450,640 (78.0470% of outstanding shares)
  • Votes in Favour: 106,447,701 (99.9972% of votes cast)
  • Votes Against: 2,939 (0.0028% of votes cast)
  • Promoter & Promoter Group: 67,295,898 votes cast, all in favour.
  • Public Institutions: 37,412,370 votes cast, all in favour.
  • Public Non-Institutions: 1,742,372 votes cast, 1,739,433 in favour, 2,939 against.

Scrutinizer's Role and Findings

Shri Dinesh Joshi, Designated Partner of M/s. KANJ & CO. LLP, was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting process in a fair and transparent manner.

Key Findings and Conclusions:

  • The remote e-voting was conducted on the NSDL platform from August 2 to August 4, 2026.
  • E-voting was also conducted during the AGM for shareholders who had not voted remotely.
  • The Scrutinizer unblocked and counted the votes in the presence of two independent witnesses.
  • The electronic data and relevant records were kept in the Scrutinizer's safe custody until the Chairman signs the meeting minutes.
  • The Scrutinizer confirmed that all resolutions were passed by the requisite majority, as detailed in the consolidated report.
  • No invalid votes were recorded for most resolutions. Exceptions were noted for Resolutions 7, 8, 9, and 13, where a significant number of votes from the Promoter & Promoter Group were declared invalid, and for Resolution 9, a small number from Public Non-Institutions.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI regarding the conduct of AGMs through VC/OAVM.

The voting results were submitted to the National Stock Exchange of India Limited and are also available on the company's website (www.godeepak.com) and the NSDL e-voting website (www.evoting.nsdl.com).