Meeting Details

  • Date: Friday, 14th August 2026
  • Time: 12:00 Noon IST
  • Location: Conducted through Video Conferencing (VC)
  • Type: 104th Annual General Meeting
  • Record Date: Friday, 7th August 2026
  • Total Shareholders on Record Date: 38,753
  • Shareholders Present: NIL (in person or through proxy)
  • Shareholders Attended via VC: 39 (all from Public category)

Proposed Resolutions and Implications

1. Ordinary Resolution: To receive, consider, approve and adopt the Audited Balance Sheet as at March 31, 2026 and Statement of Profit and Loss for the year ended March 31, 2026 together with reports of Directors and Auditors

2. Ordinary Resolution: To declare final dividend of Rs. 20 per equity share for financial year ended March 31, 2026

3. Ordinary Resolution: To appoint Mr. Gareth Robert Topping (DIN: 10823043) as Director who retires by rotation

4. Ordinary Resolution: To approve material related party transactions with Industrial Technologies and Services LLC (Promoters interested: YES)

5. Ordinary Resolution: To appoint M/s. Govindraj Akshay & Associates as Secretarial Auditors

6. Ordinary Resolution: To ratify remuneration payable to M/s. Diwanji & Co, Cost Accountants for FY2026-27

Voting Process and Methods

  • Primary Method: Remote e-voting conducted through NSDL
  • Voting Period: From 9:00 AM IST Tuesday, 11th August 2026 to 5:00 PM IST Thursday, 13th August 2026
  • Service Provider: National Securities Depository Limited (NSDL)
  • RTA: MUFG Intime India Private Limited
  • Unblocking: Votes unblocked on August 14, 2026 after AGM completion in presence of two witnesses

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 31,568,000
  • Total Votes Polled: 26,375,831 shares (83.5524% turnout)
  • Invalid Votes: 0 across all resolutions

Resolution-wise Results:

Resolution 1 (Financial Statements Adoption)

  • Votes in Favor: 26,375,829 (99.99999%)
  • Votes Against: 2 (0.00001%)
  • Promoter Group: 23,360,000 votes (100% favor)
  • Public Institutions: 3,005,293 votes (100% favor)
  • Public Non-Institutions: 10,538 votes (99.981% favor, 0.019% against)

Resolution 2 (Final Dividend Rs. 20/share)

  • Votes in Favor: 26,375,829 (99.99999%)
  • Votes Against: 2 (0.00001%)
  • Identical voting pattern as Resolution 1

Resolution 3 (Director Reappointment - Gareth Topping)

  • Votes in Favor: 25,389,161 (96.25919%)
  • Votes Against: 986,670 (3.74081%)
  • Promoter Group: 23,360,000 votes (100% favor)
  • Public Institutions: 2,018,988 favor vs 986,305 against (67.18% favor)
  • Public Non-Institutions: 10,173 favor vs 365 against (96.54% favor)

Resolution 4 (Related Party Transaction)

  • Votes in Favor: 2,337,848 (77.51920%)
  • Votes Against: 677,983 (22.48080%)
  • Promoter Group: 0 votes (abstained due to interest)
  • Public Institutions: 2,327,712 favor vs 677,581 against (77.45% favor)
  • Public Non-Institutions: 10,136 favor vs 402 against (96.19% favor)

Resolution 5 (Secretarial Auditor Appointment)

  • Votes in Favor: 25,666,162 (97.30940%)
  • Votes Against: 709,669 (2.69060%)
  • Promoter Group: 23,360,000 votes (100% favor)
  • Public Institutions: 2,295,626 favor vs 709,667 against (76.39% favor)
  • Public Non-Institutions: 10,536 favor vs 2 against (99.981% favor)

Resolution 6 (Cost Auditor Remuneration Ratification)

  • Votes in Favor: 26,375,379 (99.99848%)
  • Votes Against: 402 (0.00152%)
  • Promoter Group: 23,360,000 votes (100% favor)
  • Public Institutions: 3,005,293 votes (100% favor)
  • Public Non-Institutions: 10,086 favor vs 402 against (96.17% favor)

Scrutinizer's Role and Findings

  • Scrutinizer: Akshay Govindraj of Govindraj Akshay & Associates (FCS 10967)
  • Appointment Date: 29th May 2026 by Board resolution
  • Process: Scrutinized remote e-voting based on data from NSDL system
  • Findings: All resolutions passed with requisite majority as votes in favor exceeded votes against
  • Witnesses: Ms. Rose Agarwalla (PAN-CYDPA7429N) and Mr. Aroop Prabhu (PAN-BFVPP1079P) present during vote unblocking

Compliance Confirmation

  • Compliance with Regulation 44 of SEBI (LODR) Regulations, 2015
  • Compliance with Sections 108 and 110 of Companies Act, 2013
  • Compliance with Rule 20 and 22 of Companies (Management and Administration) Rules, 2014
  • Adherence to MCA Circulars and Secretarial Standards

Additional Information

  • Scrutinizer's Firm Address: 389, 2nd Floor, 5th Main Rd, Bannerghatta Rd, Vijaya Bank Layout, Bilekahalli, Bengaluru, Karnataka 560076
  • Peer Review No.: 7540/2025
  • UDIN: F010967H001125630