Meeting Details

The 27th Annual General Meeting was held on Wednesday, September 30, 2026, at 10:00 AM (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting concluded at 10:40 AM (IST). The meeting was conducted in compliance with MCA circulars, SEBI circulars, and the Companies Act, 2013.

Attendees

Directors and KMPs Present:

  • Mrs. Palem Supriya Reddy (Chairperson & Managing Director)
  • Mr. Srikar Reddy Palem (Non-Executive Director)
  • Ms. Stuthi Reddy (Non-Executive Director)
  • Mr. Ravichandran Rajagopal (Independent Director)
  • Mr. Harmendra Gandhi (Independent Director)
  • Ms. Aakanksha Sachin Dubey (Independent Director)
  • Mr. P. Harish Naidu (Chief Financial Officer)
  • Ms. Shruti Mangesh Rege (Company Secretary & Compliance Officer)

Other Invitees:

  • Mr. Vivek Surana (Practicing Company Secretary, Scrutinizer and Secretarial Auditor)

A total of 68 members attended the meeting through VC (2 from Promoter and Promoter Group, 66 from Public).

Proposed Resolutions

The meeting considered two ordinary business resolutions:

1. Resolution 1: To receive, consider and adopt the Standalone and Consolidated Audited Balance Sheet as at March 31, 2026, the Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Notes attached thereto, along with the Report of Auditors and Directors thereon.

2. Resolution 2: To appoint a director in place of Ms. Stuthi Reddy (DIN: 07072774) who retires by rotation and being eligible, offers herself for re-appointment.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • E-voting at AGM (Insta-poll): Available for 15 minutes after the conclusion of the AGM proceedings

Mr. Vivek Surana of Vivek Surana & Associates was appointed as the Scrutinizer to supervise the e-voting process. The record date for determining voting eligibility was September 23, 2026, with 15,005 shareholders on record.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

Overall Results:

  • Total shares voted: 3,675,715 (30.0486% of outstanding shares)
  • Votes in favor: 3,675,181 (99.9855% of votes polled)
  • Votes against: 534 (0.0145% of votes polled)
  • Resolution: Passed

Category-wise Breakdown:

  • Promoter and Promoter Group: 3,673,880 votes (99.6888% turnout), all 3,673,880 in favor (100%)
  • Public Institutions: 60 shares held, 0 votes polled (0% turnout)
  • Public Non-Institutions: 1,835 votes (0.0215% turnout), 1,301 in favor (70.8992%), 534 against (29.1008%)

Resolution 2: Re-appointment of Director

Overall Results:

  • Total shares voted: 3,675,715 (30.0486% of outstanding shares)
  • Votes in favor: 3,675,181 (99.9855% of votes polled)
  • Votes against: 534 (0.0145% of votes polled)
  • Resolution: Passed

Category-wise Breakdown:

  • Promoter and Promoter Group: 3,673,880 votes (99.6888% turnout), all 3,673,880 in favor (100%)
  • Public Institutions: 60 shares held, 0 votes polled (0% turnout)
  • Public Non-Institutions: 1,835 votes (0.0215% turnout), 1,301 in favor (70.8992%), 534 against (29.1008%)

Scrutinizer's Report

Mr. Vivek Surana of Vivek Surana & Associates (CP No: 12901) submitted the scrutinizer's report confirming:

  • The remote e-voting period was from September 27-29, 2026
  • Notice and annual report were sent electronically on September 5, 2026
  • Advertisement was published in Business Standard (English) and Nava Telangana (Telugu) on September 8, 2026
  • 88 members participated in remote e-voting
  • No votes were cast through e-voting at the AGM (insta-poll)
  • All invalid votes were properly recorded and excluded
  • The electronic voting data was handed over to the Company Secretary for preservation

Compliance Confirmation

The meeting was conducted in compliance with:

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

Additional Information

  • Company Scrip Codes: BSE 532521, NSE PALREDTEC
  • Total shares outstanding: 12,232,566
  • Promoter and Promoter Group holdings: 3,685,350 shares (30.13%)
  • Public Institutions holdings: 60 shares (0.0005%)
  • Public Non-Institutions holdings: 8,547,156 shares (69.87%)