Meeting Details

The 37th Annual General Meeting was held on Friday, August 21, 2026, at 10:30 AM through Video Conferencing/Other Audio Visual Means (OAVM). The meeting was conducted in accordance with the provisions of the Companies Act 2013, circulars issued by the Ministry of Corporate Affairs (MCA), and SEBI LODR Regulations, 2015.

Corporate Insolvency Context

The Chairman, Mr. G. Gunasekaran (Interim Resolution Professional), informed members that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, admitted the company's petition under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) via order dated August 7, 2026, in CP(IB)/310(CHE) 2025. Mr. Gunasekaran (IBBI Regn No. IBBI/IPA-001/IP-P00681/2017-2018/11178) was appointed as Interim Resolution Professional, and the order was communicated to him on August 19, 2026. The Board of Directors stood suspended from August 7, 2026, and the IRP took control of the corporate debtor.

A corrigendum to the original AGM notice (dated May 15, 2026) was issued by the IRP on August 20, 2026, to reflect these developments.

Proposed Resolution and Implications

The single ordinary resolution proposed was:

  • To receive, consider, and adopt the Directors' Report, Profit and Loss Account for the year ended March 31, 2026, the Balance Sheet as at that date, and the Auditors' Report thereon.

The financial statements for FY 2025-26 had been approved by the Board of Directors in their meeting on May 14, 2026, prior to the suspension.

Voting Process and Methods

The company provided remote e-voting facilities through Central Depository Services (India) Limited (CDSL). The voting period was from 9:00 AM on Tuesday, August 18, 2026, to 5:00 PM on Thursday, August 20, 2026. Members present at the AGM through VC/OAVM who had not voted remotely were also given the facility to vote during the meeting.

Mr. B. Krishnamoorthi, a practicing Chartered Accountant (M. No. 020430), was appointed as the Scrutinizer. The company's Registrar and Share Transfer Agent is MUFG Intime India Private Limited, Coimbatore.

Key Voting Outcomes

The scrutinizer's report provides the following results for the single resolution:

  • Total Votes Cast: 5,670 votes
  • Votes in Favor: 5,570 votes (98.24%)
  • Votes Against: 100 votes (1.76%)
  • Shareholders Voting in Favor: 9 members
  • Shareholders Voting Against: 2 members

The resolution was passed with the requisite majority. The cut-off date for determining members entitled to vote was August 14, 2026, on which there were 11,843 shareholders.

Scrutinizer's Role and Findings

The scrutinizer unblocked the votes on August 21, 2026, at approximately 11:24 AM in the presence of two witnesses not employed by the company: Mrs. S. Divya and Mrs. V. Visalakshi. His report confirms the voting process was conducted fairly and transparently.

Compliance Statement

The meeting and voting process were conducted in compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended), SEBI LODR Regulations, and relevant MCA circulars.

Attendance

A total of 34 shareholders attended the meeting virtually. Key attendees included:

  • Sri G. Gunasekaran (Interim Resolution Professional)
  • Sri Manoj Kumar Tibrewal (Managing Director)
  • Sri Srinivasan M (CDSL E-voting Agent)
  • Sri B. Krishnamoorthy (Scrutinizer)
  • Sri Jayakumar (MUFG Link Intime India Ltd - Registrar & Share Transfer Agents)