Meeting Details

  • Date: Wednesday, September 02, 2026
  • Time: 3:00 PM to 3:35 PM (IST)
  • Type: 12th Annual General Meeting (AGM)
  • Mode: Video Conference (VC) / Other Audio-Visual Means (OAVM) without physical presence
  • Deemed Venue: Registered office at Thergaon, Pune - 411033

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Item No. 1: To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026, including Balance Sheet, Profit and Loss Statement, Cash Flow Statement, and Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Item No. 2: To appoint Dr. Ashok Kumar (DIN: 07111155) as Director who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

3. Item No. 3: To declare a dividend on equity shares for the year 2025-26 (Ordinary Resolution)

4. Item No. 4: Consent for acceptance of fixed deposits from Public (Special Resolution)

5. Item No. 5: Approval to the remuneration of Cost Auditors (Ordinary Resolution)

Voting Process and Methods

The Company provided two voting methods:

  • Remote e-voting: Conducted through National Securities Depository Limited (NSDL) from Sunday, August 30, 2026 (9:00 AM) to Tuesday, September 1, 2026 (5:00 PM)
  • E-voting during AGM: For shareholders who had not cast votes by remote e-voting
  • Cut-off date: August 24, 2026 for determining voting eligibility
  • Total shareholders on record date: 49,816

Key Voting Outcomes

Overall Participation

  • Total votes cast: 68,745,924 votes (72.40% of outstanding shares)
  • Shareholder attendance: 52 members attended via video conferencing (10 Promoters, 42 Public)

Resolution-wise Results:

Item No. 1 - Adoption of Financial Statements

  • Total votes: 68,745,924
  • In favor: 68,743,668 (99.9967%)
  • Against: 2,256 (0.0033%)
  • Result: Passed

Item No. 2 - Re-appointment of Dr. Ashok Kumar

  • Total votes: 68,745,924
  • In favor: 68,577,337 (99.7548%)
  • Against: 168,587 (0.2452%)
  • Result: Passed

Item No. 3 - Dividend Declaration

  • Total votes: 68,745,924
  • In favor: 68,743,668 (99.9967%)
  • Against: 2,256 (0.0033%)
  • Result: Passed

Item No. 4 - Fixed Deposits from Public

  • Total votes: 68,745,924
  • In favor: 67,962,686 (98.8607%)
  • Against: 783,238 (1.1393%)
  • Result: Passed (Special Resolution requiring 75% majority)

Item No. 5 - Cost Auditor Remuneration

  • Total votes: 68,745,924
  • In favor: 68,743,667 (99.9967%)
  • Against: 2,257 (0.0033%)
  • Result: Passed

Shareholder Category Breakdown

Promoter and Promoter Group

  • Shares held: 67,940,100
  • Votes polled: 67,940,100 (100% participation)
  • Voted unanimously in favor on all resolutions

Public Institutions

  • Shares held: 885,813
  • Votes polled: 781,472 (88.22% participation)
  • Showed dissent on director re-appointment (21.03% against) and fixed deposits resolution (99.94% against)

Public Non-Institutions

  • Shares held: 26,124,087
  • Votes polled: 24,352 (0.093% participation)
  • Minor dissent across all resolutions (9.26-17.34% against)

Scrutinizer's Role and Findings

  • Appointed Scrutinizer: CS Savita Jyoti of Savita Jyoti Associates (FCS 3738; CP 1796)
  • Appointment date: May 22, 2026 (Board Meeting)
  • Report issuance date: September 2, 2026
  • Responsibilities: Ensured fair and transparent voting process, unblocked results, downloaded and verified voting data from NSDL platform
  • Conclusion: All resolutions passed with requisite majority as per Companies Act, 2013 and SEBI LODR Regulations

Compliance Confirmation

The voting process complied with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of Companies Act, 2013 and Rules made thereunder
  • Companies (Management and Administration) Rules, 2014

Additional Information

  • Total outstanding shares: 94,950,000