Meeting Details

  • Meeting Type: 53rd Annual General Meeting (AGM)
  • Meeting Date: 24th September 2026
  • Meeting Time: 11:30 AM to 12:10 PM
  • Meeting Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: 17th September 2026
  • Total Shareholders on Record Date: 95,441

Proposed Resolutions and Implications

The AGM considered six resolutions:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Adoption of Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Auditors

3. Ordinary Resolution: Declaration of Dividend @ Rs. 2.00 per equity share (200%) on equity shares of face value Rs. 1/- for FY 2025-26

4. Ordinary Resolution: Re-appointment of Mr. Anant Sarda (DIN: 07908187) as Director who retires by rotation

5. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY 2026-27

6. Special Resolution: Authorization to create, offer, invite subscription, issue and allot non-convertible debentures and/or other debt securities on private placement basis

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting via NSDL's platform from 21st September 2026 (9:00 AM IST) to 23rd September 2026 (5:00 PM IST)
  • Electronic voting (e-voting) at the AGM through VC/OAVM facility provided by NSDL
  • The scrutinizer downloaded voting results from NSDL's evoting website in the presence of two witnesses

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 352,381,270
  • Total Votes Polled: 268,397,587 (76.1668% participation)
  • Promoter & Promoter Group Participation: 241,823,376 votes (93.8037% of their 257,797,151 shares)
  • Public Institutions Participation: 22,366,178 votes (88.5432% of their 25,260,196 shares)
  • Public Non-Institutions Participation: 4,208,033 votes (6.0701% of their 69,323,923 shares)
  • Shareholders Attended Meeting: 46 shareholders (6 Promoters, 40 Public) via VC/OAVM

Resolution-wise Results

Resolution 1 - Adoption of Standalone Financial Statements

  • Total Votes: 268,397,587
  • In Favor: 268,397,381 (99.9999%)
  • Against: 206 (0.0001%)
  • Result: PASSED

Resolution 2 - Adoption of Consolidated Financial Statements

  • Total Votes: 268,397,587
  • In Favor: 268,397,381 (99.9999%)
  • Against: 206 (0.0001%)
  • Result: PASSED

Resolution 3 - Dividend Declaration @ Rs. 2.00 per share

  • Total Votes: 268,517,926
  • In Favor: 268,517,720 (99.9999%)
  • Against: 206 (0.0001%)
  • Result: PASSED

Resolution 4 - Re-appointment of Mr. Anant Sarda

  • Total Votes: 241,102,905
  • In Favor: 233,792,062 (96.9677%)
  • Against: 7,310,843 (3.0323%)
  • Special Note: Three members cast votes both in favor and against by bifurcating their shares
  • Result: PASSED

Resolution 5 - Ratification of Cost Auditor Remuneration

  • Total Votes: 268,514,209
  • In Favor: 268,514,003 (99.9999%)
  • Against: 206 (0.0001%)
  • Result: PASSED

Resolution 6 - Authorization for NCD Issuance

  • Total Votes: 268,514,189
  • In Favor: 268,511,483 (99.9990%)
  • Against: 2,706 (0.0010%)
  • Result: PASSED

Scrutinizer's Role and Findings

  • Name: Kamlesh Ojha
  • Firm: S.G. Kankani & Associates
  • Qualification: CS
  • Membership Number: F10807
  • Appointment Date: 1st August 2026
  • Report Date: 26th September 2026

The scrutinizer confirmed that:

  • The voting process was conducted in a fair and transparent manner
  • All resolutions passed with requisite majority
  • No invalid votes were cast in any resolution
  • Quorum was completed at 11:30 AM when the meeting commenced
  • Relevant voting records will remain in the scrutinizer's custody until minutes are approved

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014