Meeting Details
The 87th Annual General Meeting of Andhra Cements Limited was held on Thursday, 25th June 2026 at 11:30 a.m. through Video Conference/Other Audio Visual Means (VC/OAVM).
Proposed Resolutions and Implications
Five ordinary resolutions were proposed for shareholder approval:
1. Adoption of audited financial statements for FY ended 31st March 2026
2. Re-appointment of Mr. S. Sreekanth Reddy (DIN: 00123889) as director retiring by rotation
3. Ratification of remuneration of ₹5,00,000 plus taxes and expenses to cost auditors M/s. Narasimha Murthy & Co for FY2027
4. Material related party transactions with Sagar Cements Limited up to ₹500 crores for one year
5. Material related party transactions with RV Consulting Services Private Limited up to ₹100 crores for one year
Voting Process and Methods
The company availed e-voting services from KFin Technologies Limited. Remote e-voting commenced on Sunday, 21st June 2026 (9:00 AM IST) and ended on Wednesday, 24th June 2026 (5:00 PM IST). The cut-off date for determining voting eligibility was 18th June 2026. E-voting facility was also provided during the AGM for shareholders who hadn't voted remotely.
Key Voting Outcomes
Resolution 1: Adoption of Financial Statements
- Total votes cast: 83,446,348
- In favor: 83,446,347 votes (100%) from 155 members
- Against: 1 vote (negligible) from 1 member
- Abstained/Invalid: Nil
Resolution 2: Re-appointment of Director
- Total votes cast: 83,446,348
- In favor: 83,446,337 votes (100%) from 154 members
- Against: 11 votes (negligible) from 2 members
- Abstained/Invalid: Nil
Resolution 3: Cost Auditor Remuneration
- Total votes cast: 83,446,348
- In favor: 83,446,347 votes (100%) from 155 members
- Against: 1 vote (negligible) from 1 member
- Abstained/Invalid: Nil
Resolution 4: Related Party Transactions with Sagar Cements
- Total valid votes: 14,317,068
- In favor: 14,317,057 votes (99.9999%) from 151 members
- Against: 11 votes (0.0001%) from 2 members
- Abstained/Invalid: 69,129,280 votes from 3 members
Resolution 5: Related Party Transactions with RV Consulting
- Total valid votes: 14,317,068
- In favor: 14,317,057 votes (99.9999%) from 151 members
- Against: 11 votes (0.0001%) from 2 members
- Abstained/Invalid: 69,129,280 votes from 3 members
Scrutinizer's Role and Findings
B S S & Associates, Company Secretaries, were appointed as scrutinizers to examine the voting process. They reviewed reports generated by KFin Technologies after votes were unblocked in the presence of two independent witnesses. The scrutinizer confirmed the voting was conducted fairly and transparently.
Compliance Confirmation
The report confirms compliance with Companies Act 2013, SEBI LODR Regulations 2015, and relevant MCA circulars dated April 8, 2020; April 13, 2020; May 5, 2020; August 17, 2020; January 13, 2021; December 08, 2021; December 14, 2021; May 05, 2022; December 28, 2022; September 25, 2023; September 19, 2024; and September 22, 2025.