Meeting Details

The 10th Annual General Meeting was held on Monday, September 28, 2026 at 04:00 pm (IST) through Video Conference/Other Audio Visual Means. The cut-off date for determining voting eligibility was Monday, September 21, 2026, with 95,392 total shareholders registered as of that date.

Proposed Resolutions and Implications

Six resolutions were proposed and approved:

Ordinary Business:

1. Adoption of audited standalone financial statements for FY 2025-26 with reports of Board of Directors and Auditors

2. Adoption of audited consolidated financial statements for FY 2025-26 with report of Auditors

3. Declaration of Final dividend of ₹3 per equity share for FY 2025-26

4. Re-appointment of Mr. Varun Alagh (DIN: 07597289) as Director who retires by rotation

Special Business:

5. Re-appointment of Mr. Subramaniam Somasundaram (DIN: 01494407) as Independent Director for a second term of 5 consecutive years effective February 11, 2027

6. Approval for fees and compensation payable by way of Commission to Non-Executive Directors including Independent Directors for 5 years starting FY 2027-28

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Conducted from Thursday, September 24, 2026 (9:00 am IST) to Sunday, September 27, 2026 (5:00 pm IST) through CDSL's e-voting platform
  • E-voting at AGM: Facility provided during the meeting for members who had not voted remotely

The scrutinizer was Shashi Shekhar, Proprietor of Arora Shekhar & Company (Practicing Company Secretaries), appointed on August 13, 2026 to ensure fair and transparent voting.

Key Voting Outcomes

Overall Participation:

  • Total outstanding shares: 32,60,24,216
  • Resolution 1: 24,77,19,401 votes cast (75.9819% of outstanding shares)
  • Resolution 2: 24,77,19,401 votes cast (75.9819% of outstanding shares)
  • Resolution 3: 26,53,86,234 votes cast (81.4008% of outstanding shares)
  • Resolution 4: 26,53,73,248 votes cast (81.3968% of outstanding shares)
  • Resolution 5: 26,53,86,234 votes cast (81.4008% of outstanding shares)
  • Resolution 6: 26,53,86,234 votes cast (81.4008% of outstanding shares)

Resolution-wise Results:

Resolution 1 (Standalone Financial Statements):

  • Assent: 24,77,19,337 votes (100.00%)
  • Dissent: 64 votes (0.00%)

Resolution 2 (Consolidated Financial Statements):

  • Assent: 24,77,18,399 votes (99.9996%)
  • Dissent: 1,002 votes (0.0004%)

Resolution 3 (Final Dividend):

  • Assent: 26,53,86,170 votes (100.00%)
  • Dissent: 64 votes (0.00%)

Resolution 4 (Re-appointment of Varun Alagh):

  • Assent: 26,47,82,749 votes (99.7775%)
  • Dissent: 5,90,499 votes (0.2225%)

Resolution 5 (Re-appointment of Subramaniam Somasundaram):

  • Assent: 26,43,82,491 votes (99.6218%)
  • Dissent: 10,03,743 votes (0.3782%)

Resolution 6 (Director Compensation):

  • Assent: 26,53,54,995 votes (99.9882%)
  • Dissent: 31,239 votes (0.0118%)

Category-wise Breakdown (Representative for Resolution 1):

Promoter and Promoter Group (11,56,48,401 shares):

  • Votes polled: 10,56,82,701 (91.3828% of category shares)
  • Assent: 10,56,82,701 votes (100.00%)
  • Dissent: 0 votes (0.00%)

Public - Institutions (17,44,40,845 shares):

  • Votes polled: 14,14,56,980 (81.0917% of category shares)
  • Assent: 14,14,56,980 votes (100.00%)
  • Dissent: 0 votes (0.00%)

Public - Non Institutions (3,59,34,970 shares):

  • Votes polled: 5,79,720 (1.6132% of category shares)
  • Assent: 5,79,656 votes (99.9890%)
  • Dissent: 64 votes (0.0110%)

Scrutinizer's Role and Findings

Shashi Shekhar confirmed that the voting process was conducted fairly and transparently. The scrutinizer verified that:

  • The company dispatched AGM notice and annual report electronically to shareholders with registered email addresses
  • Advertisements were published in Business Standard (English and Hindi editions) on August 21, 2026 and September 4, 2026
  • Voting rights were proportional to shareholding as of the cut-off date
  • Votes were unblocked in the presence of two witnesses (Mr. Rahul Sharma and Ms. Devika Arora) after the AGM
  • All electronic data and voting records will remain in the scrutinizer's custody until minutes are approved

Compliance Confirmation

The document confirms compliance with:

  • Section 110 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA Circulars (14/2020, 17/2020, 03/2025)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standards on General Meetings