Meeting Details

The Annual General Meeting was held on Tuesday, 23rd June, 2026 at 12:00 noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility. The meeting was convened in compliance with the Companies Act, 2013, relevant Rules, MCA circulars, and SEBI regulations.

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Ordinary Business: Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March, 2026, along with reports of the Board of Directors and Independent Auditors

2. Ordinary Business: Declaration of dividend of ₹2 (100%) per equity share of ₹2 for the financial year ended 31st March, 2026

3. Ordinary Business: Reappointment of Mr. Pavan Jain (DIN: 00030098) as a Director of the Company

4. Special Business: Approval of Material Related Party Transaction(s) with Air Products INOX Private Limited for FY 2026-27

5. Special Business: Ratification of Remuneration of Cost Auditors (Ms. Diwanji and Company, Cost and Management Accountants, Membership No. M000339)

Voting Process and Methods

The Company provided facility of remote e-voting prior to the AGM through Central Depository Services (India) Limited (CDSL) from June 19, 2026 (9:00 AM IST) to June 22, 2026 (5:00 PM IST). Additionally, e-voting was available during the AGM for members who had not voted remotely.

Key Voting Outcomes

Shareholder Participation

  • Total number of shareholders on record date: 147,427
  • 6 Promoter Shareholders and 48 Public Shareholders attended through Video Conferencing

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements

  • Total votes cast: 8,10,82,735 shares (89.33% of outstanding shares)
  • Votes in favor: 8,10,82,659 shares (100.00% of votes polled)
  • Votes against: 76 shares (0.00% of votes polled)
  • Category-wise participation:
  • Promoter & Promoter Group: 6,79,56,785 shares voted (100% of holdings)
  • Public Institutions: 1,22,08,803 shares voted (92.72% of holdings)
  • Public Non-Institutions: 9,17,147 shares voted (9.52% of holdings)

Resolution 2 - Dividend Declaration

  • Total votes cast: 8,10,82,698 shares (89.33% of outstanding shares)
  • Votes in favor: 8,10,82,694 shares (100.00% of votes polled)
  • Votes against: 4 shares (0.00% of votes polled)

Resolution 3 - Reappointment of Director

  • Total votes cast: 8,10,82,698 shares (89.33% of outstanding shares)
  • Votes in favor: 8,08,11,832 shares (99.67% of votes polled)
  • Votes against: 2,70,866 shares (0.33% of votes polled)
  • 5 members voted both for and against with different share portions

Resolution 4 - Related Party Transaction

  • Total votes cast: 1,28,38,913 shares (14.15% of outstanding shares)
  • Votes in favor: 1,28,38,139 shares (99.99% of votes polled)
  • Votes against: 774 shares (0.01% of votes polled)
  • Invalid votes: 11,44,840 shares from 3 members (related parties)

Resolution 5 - Cost Auditor Remuneration

  • Total votes cast: 8,10,82,698 shares (89.33% of outstanding shares)
  • Votes in favor: 8,10,81,849 shares (100.00% of votes polled)
  • Votes against: 849 shares (0.00% of votes polled)

Scrutinizer's Role and Findings

Mr. Sushil Samdani, Practicing Company Secretary (PCS No.: 3677; CP: 2863) was appointed as Scrutinizer. He scrutinized both remote e-voting and e-voting during the AGM, submitted his consolidated report on June 23, 2026, and confirmed:

  • All resolutions passed with requisite majority
  • No invalid votes except for Resolution 4 where related party votes were considered invalid
  • Voting records are under his safe custody for handover to the Chairman

Compliance Confirmation

The Company confirmed compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules 2014, Regulation 44 of SEBI LODR Regulations, and relevant MCA Circulars.

Additional Information

The voting results are available on the company's website (www.inoxcva.com) and CDSL website (www.evotingindia.com). Company CIN: L99999GJ1976PLC018945. Registered office: 9th Floor, K P Platina, Race Course, Vadodara - 390 007, Gujarat, India.