Disclosure under SEBI LODR Regulation 44

NSE Symbol: ADL

Meeting Details

  • Date of Meeting: Wednesday, 30th September, 2026
  • Type of Meeting: 9th Annual General Meeting
  • Location: Sy. No.19, KSSIDC Industrial Area, Bangalore Road, Katmachanahalli, Chintamani, Chikaballapur, Karnataka - 563125, India
  • Start Time: 12:30 PM
  • End Time: 01:20 PM
  • Total Shareholders on Record Date: 6,254
  • Shareholders Present/Proxy: 30 (5 Promoters/Promoter Group, 25 Public)

Proposed Resolutions and Implications

Two ordinary resolutions were proposed and voted upon:

1. Resolution No. 1: To consider and adopt the audited standalone financial statements for the year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.

2. Resolution No. 2: To appoint Mr. Rajiv Daga (DIN: 01412917), who retires by rotation, as a Director. He being eligible, offered himself for re-appointment.

The promoter/promoter group declared no interest in either resolution.

Voting Process and Methods

The company provided multiple voting methods in compliance with regulations:

  • Remote E-Voting: Conducted through National Securities Depository Limited (NSDL). The voting window commenced at 10:00 AM IST on September 27, 2026, and ended at 5:00 PM IST on September 29, 2026.
  • Physical Ballot: Voting conducted in person at the AGM venue.
  • Postal Ballot: Available but not utilized for these resolutions.

The record date for determining shareholder eligibility was set as September 23, 2026. The Register of Members and share transfer books were closed from September 23, 2026, to September 30, 2026.

Key Voting Outcomes

Overall Participation:

  • Total outstanding shares: 5,566,250
  • Total votes polled: 3,901,880 (70.0989% of outstanding shares)
  • Total shareholders voting: 43

Resolution No. 1 - Adoption of Financial Statements:

  • Total Votes in Favour: 3,898,893 (99.9234% of votes polled)
  • Total Votes Against: 2,987 (0.0766% of votes polled)
  • Result: Passed

Resolution No. 2 - Re-appointment of Director:

  • Total Votes in Favour: 3,898,893 (99.9234% of votes polled)
  • Total Votes Against: 2,987 (0.0766% of votes polled)
  • Result: Passed

Category-wise Breakdown for Both Resolutions:

  • Promoter and Promoter Group:
  • Shares held: 4,061,379
  • Votes polled: 3,898,699 (95.99% of shares held)
  • Votes in favour: 100% (3,898,699)
  • Voting method: Primarily e-voting (3,873,749 votes) with some physical polling (24,950 votes)
  • Public Shareholders:
  • Institutional Holders: No votes cast (0 shares held, 0 votes polled)
  • Public-Others:
  • Shares held: 1,504,871
  • Votes polled: 3,181 (0.21% of shares held)
  • Votes in favour: 194 (6.0987% of their votes polled)
  • Votes against: 2,987 (93.9013% of their votes polled)
  • Voting method: Primarily e-voting (3,114 votes) with minimal physical polling (67 votes)

Scrutinizer's Role and Findings

  • Name of Scrutinizer: Deepak Sadhu (Firm: Deepak Sadhu Company Secretaries)
  • Membership Number: 39541
  • Date of Appointment by Board: August 14, 2026
  • Date of Report Issuance: September 30, 2026

The scrutinizer was responsible for ensuring a fair and transparent voting process. His duties included unblocking the e-votes after the AGM concluded and consolidating the results from both remote e-voting and physical ballots. He confirmed that all votes (from 43 members) were valid and that both resolutions were passed by the required majority. The scrutinizer's report will remain in his custody until the Chairman approves the meeting minutes.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of SEBI LODR Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Relevant MCA Circulars including General Circular Nos. 14/2020, 17/2020, 20/2020, 22/2020, 33/2020, 39/2020, 10/2021, 02/2021, 19/2021, 20/2021, 21/2021, 03/2022, and 11/2022
  • Secretarial Standards on General Meetings issued by ICSI

The notice of the AGM was sent to members on September 3, 2026, and published in Financial Express (English) and Vijayavani (Kannada) on September 4, 2026.