Prakash Pipes 9th AGM Approves All Resolutions

Meeting Details

The 9th Annual General Meeting of Prakash Pipes Limited was held on 30th September 2026 at 05:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Summary of Proposed Resolutions and Implications

Four ordinary resolutions were proposed for shareholder approval:

1. Resolution 1: To receive, consider and adopt the Audited Balance Sheet as at 31st March 2026, Profit and Loss Account, Cash Flow Statement, and Reports of Directors and Auditors.

2. Resolution 2: To approve payment of a dividend of ₹2.40 per equity share of ₹10 each (24%) for the financial year ended 31st March 2026.

3. Resolution 3: To appoint a director in place of Shrived Prakash Agarwal (DIN: 00048907), who retires by rotation and offered himself for re-appointment.

4. Resolution 4: To ratify the remuneration of Cost Auditors for the financial year 2026-27.

Voting Process and Methods

The voting was conducted using a two-stage process:

Remote e-voting: Facilitated by Central Depository Services (India) Limited (CDSL). The voting window was open from 27th September 2026 (09:00 a.m.) to 29th September 2026 (05:00 p.m.).
Venue e-voting at AGM: Shareholders present at the virtual AGM who had not voted remotely were allowed to cast votes through e-voting during the meeting and within 15 minutes of its conclusion.

The cut-off date for determining shareholder eligibility to vote was 23rd September 2026.

Key Voting Outcomes

All four resolutions were passed with the requisite majority. There were no invalid votes.

Resolution 1: Adoption of Financial Statements

Total Votes Considered: 109,96,400 votes (100%)
Remote e-voting: 109,94,957 votes (99.987%) from 127 members
Venue-voting: 1,443 votes (0.013%) from 35 members
Votes in Favour: 109,96,337 votes (99.999%) from 153 members
Votes Against: 63 votes (0.001%) from 9 members

Resolution 2: Dividend Approval

Total Votes Considered: 109,96,400 votes (100%)
Remote e-voting: 109,94,957 votes (99.987%) from 127 members
Venue-voting: 1,443 votes (0.013%) from 35 members
Votes in Favour: 109,96,337 votes (99.999%) from 153 members
Votes Against: 63 votes (0.001%) from 9 members

Resolution 3: Re-appointment of Director

Total Votes Considered: 109,96,400 votes (100%)
Remote e-voting: 109,94,957 votes (99.987%) from 127 members
Venue-voting: 1,443 votes (0.013%) from 35 members
Votes in Favour: 109,92,607 votes (99.966%) from 151 members
Votes Against: 3,793 votes (0.034%) from 11 members

Resolution 4: Ratification of Cost Auditor Remuneration

Total Votes Considered: 109,96,400 votes (100%)
Remote e-voting: 109,94,957 votes (99.987%) from 127 members
Venue-voting: 1,443 votes (0.013%) from 35 members
Votes in Favour: 109,96,337 votes (99.999%) from 153 members
Votes Against: 63 votes (0.001%) from 9 members

Scrutinizer's Role and Findings

Bhoopendra Kumar Bohra, Proprietor of M/s. BK Bohra & Associates, Company Secretaries, was appointed as the Scrutinizer. His responsibilities included ensuring a fair and transparent voting process and rendering a consolidated report of votes cast for and against each resolution. He confirmed that:

The AGM notice and annual report were dispatched electronically on 7th September 2026 to members with registered email addresses
Physical letters with web-link access were sent to members without registered emails on the same date
The e-voting system was robust and secure
All votes were valid with no invalid votes cast
The results were based on data downloaded from CDSL's official website (www.evotingindia.com)

Compliance Confirmation

The scrutinizer confirmed that the voting process complied with:

Companies Act, 2013 and relevant Rules
MCA General Circulars (No. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 2/2022, 10/2022, 09/2023, 09/2024, and 03/2025)
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
Relevant SEBI circulars