Meeting Details

  • Meeting Date: Tuesday, July 28, 2026
  • Meeting Time: 3.00 p.m. IST
  • Meeting Type: 75th Annual General Meeting
  • Meeting Location: Held through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date: July 17, 2026

Summary of Proposed Resolutions

The notice of the AGM contained four ordinary resolutions, all of which were passed:

1. Item No. 1: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, including the Reports of the Board of Directors and Auditors thereon.

2. Item No. 2: To declare a final dividend of ₹75/- per equity share of ₹10/- (750%) for the financial year ended March 31, 2026.

3. Item No. 3: To consider appointment of a Director in place of Mr. P. Rengan (DIN: 10362899), who retires by rotation pursuant to section 152(6) of Companies Act, 2013 and being eligible, offers himself for re-appointment.

4. Item No. 4: Ratification of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants for the financial year ending March 31, 2027.

Voting Process and Methods

  • The voting process was scrutinized by CS Nrupang B. Dholakia, Managing Partner of Dholakia & Associates LLP.
  • Two methods of voting were used:
  • Remote e-voting: Provided by KFin Technologies Limited (KFinTech). The voting period commenced on Friday, July 24, 2026 (9.00 a.m. IST) and ended on Monday, July 27, 2026 (5.00 p.m. IST).
  • E-voting during the AGM: Conducted online on KFinTech's website (www.evoting.kfintech.com) for members present through VC/OAVM who had not voted remotely.
  • Members who voted remotely were not permitted to vote again during the AGM.
  • The cut-off date for determining member eligibility to vote was Tuesday, July 21, 2026.
  • Votes were unblocked from the e-voting system on July 28, 2026, in the presence of two independent witnesses.

Key Voting Outcomes & Scrutinizer's Findings

Overall Attendance and Participation

  • Total Shareholders on Record Date: 1,05,890
  • Shareholders Attended Meeting via VC: 46
  • Promoters: 7 shareholders holding 2,92,43,042 shares (63.92% of capital)
  • Public: 39 shareholders holding 19,260 shares (0.04% of capital)
  • Total Votes Cast (Combined Remote + E-voting during AGM): 3,74,95,845 shares, representing 81.96% of the total paid-up capital of 4,57,47,732 shares.
  • Total Shareholders who Voted: 391

Resolution-wise Voting Results (Combined Remote e-voting + E-voting during AGM)

Item No. 1: Adoption of Financial Statements

  • Total Valid Votes: 3,74,95,845
  • Votes in Favour: 3,74,95,762 (99.99%)
  • Votes Against: 83 (0.01%)
  • Abstained Votes: 0

Item No. 2: Declaration of Final Dividend (₹75 per share)

  • Total Valid Votes: 3,74,95,844
  • Votes in Favour: 3,74,95,769 (99.99%)
  • Votes Against: 75 (0.01%)
  • Abstained Votes: 0

Item No. 3: Re-appointment of Mr. P. Rengan (DIN: 10362899) as Director

  • Total Valid Votes: 3,74,88,845
  • Votes in Favour: 3,74,03,760 (99.77%)
  • Votes Against: 85,085 (0.23%)
  • Abstained Votes: 0

Item No. 4: Ratification of Cost Auditors' Remuneration

  • Total Valid Votes: 3,74,88,845
  • Votes in Favour: 3,74,88,732 (99.99%)
  • Votes Against: 113 (0.01%)
  • Abstained Votes: 0

Scrutinizer's Role and Conclusion

CS Nrupang B. Dholakia was appointed scrutinizer by the Board of Directors pursuant to Section 108 of the Companies Act, 2013. The scrutinizer's report confirms:

  • The AGM was held in compliance with relevant MCA and SEBI circulars.
  • The notice and annual report were sent electronically to members with registered email IDs.
  • The voting process was conducted in a fair and transparent manner.
  • Votes from corporate/institutional members who provided necessary authorization documents were considered valid.
  • All resolutions were passed by the requisite majority.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014 (specifically Rule 20(4)).
  • Relevant MCA and SEBI circulars regarding the conduct of AGMs through VC/OAVM.