Meeting Details

The 34th Annual General Meeting was held on Monday, 28th September 2026 through Video Conferencing/Other Audio Video Means facility (VC/OAVM). The remote e-voting period was from Friday, 25th September 2026 (9:00 A.M. IST) to Sunday, 27th September 2026 (5:00 P.M. IST). The cut-off date for determining voting eligibility was Monday, 21st September 2026.

Proposed Resolutions and Implications

Six resolutions were put to vote:

Resolution 1 (Ordinary): To receive, consider and adopt the Audited Standalone Financial Statements for FY ended 31st March 2026 together with reports of Board of Directors and Statutory Auditors, and Audited Consolidated Financial Statements for FY ended 31st March 2026 with Statutory Auditors' report.

Resolution 2 (Ordinary): To appoint Mr. Sunil Kansal (DIN: 09208705) as Director who retires by rotation and offers himself for re-appointment.

Resolution 3 (Ordinary): To ratify remuneration of Cost Auditors under section 148 of Companies Act, 2013 for Financial Year 2026-27.

Resolution 4 (Special): To borrow money in excess of Paid-Up Share Capital and Free Reserves and securities premium.

Resolution 5 (Special): To approve revision in Remuneration of Mr. Yogesh Malhotra (DIN: 05332393), Whole-Time Director & Chief Executive Officer (CEO).

Resolution 6 (Special): To approve revision in Remuneration of Mr. Sunil Kansal (DIN: 09208705), Whole-Time Director & Chief Financial Officer (CFO).

Voting Process and Methods

The company availed e-voting facility through Central Depository Services (India) Limited (CDSL) for both remote e-voting prior to the AGM and e-voting during the AGM. Remote e-voting was available to members whose names were recorded in the Register of Members or Register of Beneficial owners maintained by depositories as of the cut-off date. Members attending the AGM through VC/OAVM who had not voted remotely were able to vote during the meeting through e-voting.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Remote e-voting: 5,09,30,358 shares in favor (99.8842%), 50,924 against (0.0999%), 0 invalid
  • E-voting at AGM: 8,130 shares in favor (0.0159%), 0 against (0.0000%), 0 invalid
  • TOTAL: 5,09,38,488 shares in favor (99.9001%), 50,924 against (0.0999%)

Resolution 2: Re-appointment of Mr. Sunil Kansal

  • Remote e-voting: 5,09,80,992 shares in favor (99.9835%), 275 against (0.0005%), 0 invalid
  • E-voting at AGM: 8,130 shares in favor (0.0160%), 0 against (0.0000%), 0 invalid
  • TOTAL: 5,09,89,122 shares in favor (99.9995%), 275 against (0.0005%)

Resolution 3: Ratification of Cost Auditors' Remuneration

  • Remote e-voting: 5,08,04,796 shares in favor (99.6378%), 1,76,546 against (0.3462%), 0 invalid
  • E-voting at AGM: 8,130 shares in favor (0.0160%), 0 against (0.0000%), 0 invalid
  • TOTAL: 5,08,12,926 shares in favor (99.6538%), 1,76,546 against (0.3462%)

Resolution 4: Borrowing Limits Revision

  • Remote e-voting: 4,95,02,010 shares in favor (97.0830%), 14,79,207 against (2.9010%), 0 invalid
  • E-voting at AGM: 8,130 shares in favor (0.0160%), 0 against (0.0000%), 0 invalid
  • TOTAL: 4,95,10,140 shares in favor (97.0990%), 14,79,207 against (2.9010%)

Resolution 5: Revision of CEO Mr. Yogesh Malhotra's Remuneration

  • Remote e-voting: 4,94,95,552 shares in favor (97.0703%), 14,85,665 against (2.9137%), 0 invalid
  • E-voting at AGM: 8,130 shares in favor (0.0160%), 0 against (0.0000%), 0 invalid
  • TOTAL: 4,95,03,682 shares in favor (97.0863%), 14,85,665 against (2.9137%)

Scrutinizer's Role and Findings

Akshit Kumar Jangid, Practicing Company Secretary (M. No. FCS 11285, C.P. No.: 16300), was appointed as Scrutinizer. His responsibility was to scrutinize the e-voting process in a fair and transparent manner and prepare a report based on reports generated from CDSL's e-voting system. After the AGM, votes were downloaded from CDSL's website in the presence of two witnesses - Mrs. Supriya Sharma and Ms. Mansi Verma (not company employees). The voting results were reconciled with records maintained by RTA/Depositories/Company and authorizations lodged with the company. The scrutinizer handed over all related papers/registers/records to the Company Secretary for safe custody.

Compliance Confirmation

The voting process was conducted in compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended, along with circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI). The management was responsible for ensuring compliance with applicable provisions of the Companies Act, 2013, Rules made thereunder, MCA circulars, Secretarial Standard on General Meetings, and other applicable laws.