Meeting Details

  • Meeting Type: 16th (Post-IPO) Annual General Meeting
  • Date: Thursday, 24th September, 2026
  • Time: 11:00 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Cut-off Date: 17th September, 2026
  • Total Shareholders: 15,769 as of cut-off date

Proposed Resolutions and Implications

Two ordinary resolutions were proposed and approved:

1. Resolution 1: Consideration and adoption of:

  • a) Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • b) Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Resolution 2: Appointment of Shri. Priyavrat Bhartia (DIN: 00020603) as Director who retires by rotation and offers himself for re-appointment

Voting Process and Methods

The Company provided two voting methods:

  • Remote e-voting: Available from 9:00 AM (Server time) on September 21, 2026 to 5:00 PM (Server time) on September 23, 2026 via NSDL's e-voting platform (https://evoting.nsdl.com)
  • Venue voting: E-voting during the AGM or within 15 minutes after conclusion of AGM

Key Voting Outcomes

Resolution 1 - Financial Statements Approval

Overall Results:

  • Total votes polled: 54,874,762 (74.4857% of outstanding shares)
  • Votes in favor: 54,871,196 (99.9935%)
  • Votes against: 3,566 (0.0065%)
  • Invalid/Abstained votes: Nil

Category-wise Breakdown:

  • Promoter and Promoter Group: 54,808,457 shares (100% voted) - 100% in favor
  • Public Institutions: 21,491 votes (15.696% of category) - 100% in favor
  • Public Non-Institutions: 44,814 votes (0.2393% of category) - 41,248 in favor (92.0427%), 3,566 against (7.9573%)

Resolution 2 - Director Re-appointment

Overall Results:

  • Total votes polled: 54,874,762 (74.4857% of outstanding shares)
  • Votes in favor: 54,871,160 (99.9934%)
  • Votes against: 3,602 (0.0066%)
  • Invalid/Abstained votes: Nil

Category-wise Breakdown:

  • Promoter and Promoter Group: 54,808,457 shares (100% voted) - 100% in favor
  • Public Institutions: 21,491 votes (15.696% of category) - 100% in favor
  • Public Non-Institutions: 44,814 votes (0.2393% of category) - 41,212 in favor (91.9623%), 3,602 against (8.0377%)

Shareholder Participation

  • Total shareholders present through VC/OAVM: 50 (1 Promoter group, 49 Public)
  • Total paid-up share capital: ₹73,67,15,480 divided into 7,36,71,548 equity shares of ₹10 each

Scrutinizer's Role and Findings

  • Scrutinizer: Shri Dhawal Kant Singh (Practicing Company Secretary, C.P. No. 7347)
  • Appointment Date: August 04, 2026 by Board resolution
  • Scope: Scrutinized both remote e-voting and venue voting processes
  • Methodology: Verified data from NSDL e-voting system, reconciled with depository/RTA records
  • Counting Process: Votes unblocked on September 24, 2026 after AGM conclusion in presence of two independent witnesses
  • Conclusion: Both resolutions approved with requisite majority

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
  • MCA circulars regarding VC/OAVM meetings
  • Companies (Management and Administration) Rules, 2014

Additional Information

  • Voting results available on company website (www.hmvl.in) and NSDL website (www.evoting.nsdl.com)
  • AGM notice dispatched to shareholders on August 31, 2026 and September 17, 2026
  • Advertisements published in Mint (English) and Hindustan (Hindi) on September 1, 2026
  • Electronic voting records remain in scrutinizer's custody until minutes are approved by Chairman