Meeting Details
The 31st Annual General Meeting was held on Monday, September 28, 2026, at 4:00 p.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
Proposed Resolutions and Implications
Three ordinary resolutions were proposed for shareholder approval:
1. To consider and adopt the audited Financial Statements and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board and Auditors.
2. To declare dividend on Equity Shares.
3. To appoint Ms. Vidya Shah (DIN: 00274831), who retires by rotation, as a Director.
The promoter/promoter group was not interested in any of the agendas/resolutions.
Voting Process and Methods
Voting was conducted via remote e-voting and e-voting during the AGM. The remote e-voting commenced at 9:00 a.m. on Friday, September 25, 2026, and concluded at 5:00 p.m. on Sunday, September 27, 2026. The service provider for the e-voting facility was National Securities Depository Limited (NSDL). The cut-off date for determining shareholder eligibility was September 22, 2026, with the book closure period from September 14, 2026, to September 24, 2026 (both days inclusive).
Key Voting Outcomes
Resolution 1: Adoption of Financial Statements
- Total Votes Cast: 44,82,48,737
- Percentage of Votes Polled on Outstanding Shares: 47.3565%
- Votes in Favour: 44,80,52,079 (99.9561% of votes polled)
- Votes Against: 1,96,658 (0.0439% of votes polled)
- Category-wise Breakdown:
- Promoter and Promoter Group: 20,96,78,252 votes cast (69.3781% of shares held); 100.00% in favour.
- Public Institutions: 18,98,67,313 votes cast (76.3743% of shares held); 99.8973% in favour, 0.1027% against.
- Public Non-Institutions: 4,87,03,172 votes cast (12.3076% of shares held); 99.9966% in favour, 0.0034% against.
Resolution 2: Declaration of Dividend
- Total Votes Cast: 44,84,74,913
- Percentage of Votes Polled on Outstanding Shares: 47.3804%
- Votes in Favour: 44,84,73,201 (99.9996% of votes polled)
- Votes Against: 1,712 (0.0004% of votes polled)
- Category-wise Breakdown:
- Promoter and Promoter Group: 20,96,78,252 votes cast (69.3781% of shares held); 100.00% in favour.
- Public Institutions: 19,00,96,414 votes cast (76.4665% of shares held); 100.00% in favour.
- Public Non-Institutions: 4,87,00,247 votes cast (12.3069% of shares held); 99.9965% in favour, 0.0035% against.
Resolution 3: Re-appointment of Director
- Total Votes Cast: 44,84,74,913
- Percentage of Votes Polled on Outstanding Shares: 47.3804%
- Votes in Favour: 44,66,04,440 (99.5829% of votes polled)
- Votes Against: 18,70,473 (0.4171% of votes polled)
- Category-wise Breakdown:
- Promoter and Promoter Group: 20,96,78,252 votes cast (69.3781% of shares held); 100.00% in favour.
- Public Institutions: 19,00,96,414 votes cast (76.4665% of shares held); 99.0195% in favour, 0.9805% against.
- Public Non-Institutions: 4,87,00,247 votes cast (12.3069% of shares held); 99.9865% in favour, 0.0135% against.
Shareholder Participation
- Total Shareholders on Cut-off Date: 3,86,163
- Shareholders Attending Meeting via VC/OAVM: 81 (3 from Promoter and Promoter Group; 78 from Public)
- Physical attendance or proxy details were not applicable.
Scrutinizer's Role and Findings
Suresh Viswanathan, Designated Partner of SVVS & Associates Company Secretaries LLP (ICSI Unique Code: L2015MH000700), was appointed as the Scrutinizer. His responsibilities included scrutinizing the e-voting process in a fair and transparent manner and preparing a Consolidated Scrutinizer's Report. The votes were unblocked and downloaded from the NSDL platform on September 28, 2026, in the presence of witnesses Anshita Jhawar and Ayush Motwani. The Scrutinizer confirmed that all resolutions received the requisite majority of votes in favour.
Compliance Confirmation
The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.