Meeting Details

  • Date of Meeting: 4th August 2026
  • Meeting Type: 27th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Cut-off Date: 28th July 2026
  • Total Shareholders: 2,88,925 as on cut-off date
  • Attendance: 65 public shareholders attended through VC/OAVM, 0 promoter shareholders attended

Proposed Resolutions and Implications

The AGM considered eight resolutions:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended 31st March 2026

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

3. Ordinary Resolution: Declaration of final dividend of ₹11 per equity share for FY ended 31st March 2026

4. Ordinary Resolution: Re-appointment of Mr. Pradeep Jain (DIN: 02110401) who retires by rotation

5. Ordinary Resolution: Appointment of M/s. Walker Chandiok & Co. LLP as Statutory Auditors

6. Ordinary Resolution: Remuneration payable to M/s. Rao, Murthy & Associates, Cost Auditor for FY ending 31st March 2027

7. Special Resolution: Appointment of Mr. Vinod Rao (DIN: 01788921) as an Independent Director

8. Ordinary Resolution: Appointment of Mr. Daniel Mobley (DIN: 11790849) as a Non-Executive Non-Independent Director

Voting Process and Methods

  • Remote e-voting period: Thursday, 30th July 2026 at 9:00 a.m. to Monday, 3rd August 2026 at 5:00 p.m.
  • E-voting during meeting: Provided to shareholders present through VC/OAVM who didn't vote remotely
  • Voting facility provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Sudhir Vishnupant Hulyalkar, Company Secretary in Practice

Key Voting Outcomes

Resolution 1: Adoption of Standalone Financial Statements

  • Total votes cast: 59,40,76,301
  • In favor: 59,40,75,179 votes (99.9998%)
  • Against: 1,122 votes (0.0002%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 2: Adoption of Consolidated Financial Statements

  • Total votes cast: 59,40,75,849
  • In favor: 59,40,74,725 votes (99.9998%)
  • Against: 1,124 votes (0.0002%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 3: Final Dividend of ₹11 per share

  • Total votes cast: 59,41,61,348
  • In favor: 59,41,60,699 votes (99.9999%)
  • Against: 649 votes (0.0001%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 4: Re-appointment of Mr. Pradeep Jain

  • Total votes cast: 59,41,19,185
  • In favor: 59,33,76,983 votes (99.8751%)
  • Against: 7,42,202 votes (0.1249%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 5: Appointment of Statutory Auditors

  • Total votes cast: 59,30,15,049
  • In favor: 59,29,05,611 votes (99.9815%)
  • Against: 1,09,438 votes (0.0185%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 6: Remuneration to Cost Auditor

  • Total votes cast: 59,41,24,574
  • In favor: 59,41,22,063 votes (99.9996%)
  • Against: 2,511 votes (0.0004%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 7: Appointment of Independent Director (Special Resolution)

  • Total votes cast: 59,41,24,210
  • In favor: 59,28,44,341 votes (99.7846%)
  • Against: 12,79,869 votes (0.2154%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Resolution 8: Appointment of Non-Executive Director

  • Total votes cast: 59,41,24,574
  • In favor: 59,36,07,568 votes (99.9130%)
  • Against: 5,17,006 votes (0.0870%)
  • Invalid votes: 1,55,54,242 votes from 49 members

Scrutinizer's Role and Findings

  • Scrutinizer: Sudhir Vishnupant Hulyalkar, Company Secretary in Practice (FCS: 6040; CP No.: 6137)
  • Appointment: By Board of Directors pursuant to Section 108 of Companies Act, 2013
  • Responsibilities: Conducted voting by electronic means (remote e-voting and e-voting during meeting)
  • Findings: 49 members cast 1,55,54,242 invalid votes due to institutional and corporate shareholders not submitting proper authorizations as required under Companies Act, 2013
  • Conclusion: All eight resolutions were passed

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of Companies Act, 2013 read with Rule 20 of Companies (Management & Administration) Rules, 2014
  • MCA General Circular No. 03/2025 dated September 22, 2025 and similar SEBI circulars for holding AGM through VC/OAVM