Meeting Details

The 23rd Annual General Meeting of equity shareholders of Vaswani Industries Limited was held on Wednesday, September 30, 2026, at 03:45 PM. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Proposed Resolutions and Implications

Four ordinary resolutions were proposed and voted upon:

1. To receive, consider and adopt the Standalone Financial Statements for the year ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. To reappoint Mr. Pawan Kumar Iha (DIN: 06812944) as a Director who retired by rotation.

3. To ratify remuneration payable to M/s Sanat Joshi & Associates, Cost Accountants as Cost Auditors for financial year 2026-27.

4. To approve material Related Party Transaction(s) between the Company and Kwality Foundry Industries.

Voting Process and Methods

The voting process comprised two methods:

  • Remote e-voting: Available through MUFG Intime India Private Limited (Instavote) from September 25, 2026 (9:00 AM) to September 29, 2026 (5:00 PM) for shareholders as of the cut-off date of September 23, 2026.
  • E-voting during AGM: Facility provided through Instameet platform during the AGM for shareholders who had not voted remotely, kept open for 15 minutes after the meeting.

A public notice regarding the AGM was published on September 09, 2026, in Free Press Journal (English) and Amrit Sandesh (Regional language) for members whose email IDs were not available.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 20,389,167
  • Votes in favor: 20,389,037 (99.9994%)
  • Votes against: 130 (0.0006%)
  • Invalid votes: Nil
  • Number of members voted: 19 in favor, 2 against

Resolution 2: Reappointment of Director

  • Total votes cast: 20,389,167
  • Votes in favor: 20,388,987 (99.9991%)
  • Votes against: 180 (0.0009%)
  • Invalid votes: Nil
  • Number of members voted: 18 in favor, 3 against

Resolution 3: Ratification of Cost Auditor Remuneration

  • Total votes cast: 20,389,167
  • Votes in favor: 20,389,037 (99.9994%)
  • Votes against: 130 (0.0006%)
  • Invalid votes: Nil
  • Number of members voted: 19 in favor, 2 against

Resolution 4: Approval of Related Party Transaction

  • Total votes cast: 20,385,912 (after invalidating interested party votes)
  • Valid votes considered: 2,759
  • Votes in favor: 2,629 (95.2881%)
  • Votes against: 130 (4.7119%)
  • Invalid votes: 20,385,153 (votes cast by proprietor and related parties of Kwality Foundry Industries as interested members)
  • Number of members voted: 13 in favor, 2 against, 5 invalidated

Scrutinizer's Role and Findings

Mr. Praveen Kumar Kanungo, Partner of M/s Kanungo Agrawal & Company, Practicing Company Secretaries (Membership No. FCS13444, CP No. 8461), was appointed as Scrutinizer. He unblocked the voting results on September 30, 2026, in the presence of two independent witnesses (Miss Richa Agrawal and Miss Muskan Agrawal, Compliance Assistants). The scrutinizer certified that all resolutions were passed with requisite majority.

Compliance Confirmation

The voting process was conducted in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (LODR) Regulations, 2015.