Meeting Details

The voting was conducted entirely through remote e-voting (postal ballot) without a physical meeting. The cut-off date for determining shareholder eligibility was May 22, 2026. The e-voting period commenced on Tuesday, May 26, 2026, at 09:00 A.M. (IST) and concluded on Wednesday, June 24, 2026, at 05:00 P.M. (IST).

Proposed Resolutions and Implications

1. Variation in the Objects/Terms of utilisation of the Initial Public Offering (IPO) Proceeds (Special Resolution*)

  • This resolution required approval by a majority of more than 90% of both the total valid votes cast and the total number of members voting.

2. Revision in remuneration of Mr. Rishi Das (DIN: 00420103), Chairman, Executive Director and Chief Executive Officer (Special Resolution)

3. Revision in remuneration of Ms. Meghna Agarwal (DIN: 06944181), Chief Operating Officer and Executive Director (Special Resolution)

Voting Process and Methods

The Company engaged MUFG Intime India Private Limited to provide the remote e-voting facility through their platform www.instavote.linkintime.co.in. The e-voting was unblocked on June 24, 2026, after 5:00 P.M. (IST) in the presence of two independent witnesses: Ms. Preethi Chandramouli and Ms. Reshma Kamat.

Key Voting Outcomes

Resolution 1: Variation in IPO Proceeds Utilization

  • Total votes cast: 20,53,32,872 shares (96.86% of outstanding shares)
  • Votes in favor: 20,34,22,197 shares (99.07% of valid votes)
  • Votes against: 19,10,675 shares (0.93% of valid votes)
  • Members in favor: 316 (94.89% of voting members)
  • Members against: 17 (5.11% of voting members)
  • Result: PASSED (met the special >90% threshold)

Resolution 2: Revision in Remuneration of Mr. Rishi Das

  • Total votes cast: 20,53,32,867 shares (96.86% of outstanding shares)
  • Votes in favor: 20,42,68,986 shares (99.48% of valid votes)
  • Votes against: 10,63,881 shares (0.52% of valid votes)
  • Result: PASSED

Resolution 3: Revision in Remuneration of Ms. Meghna Agarwal

  • Total votes cast: 20,53,32,867 shares (96.86% of outstanding shares)
  • Votes in favor: 20,42,68,985 shares (99.48% of valid votes)
  • Votes against: 10,63,882 shares (0.52% of valid votes)
  • Result: PASSED

Shareholder Category Breakdown

Resolution 1 Breakdown:

  • Promoter & Promoter Group: 12,74,11,099 shares voted (100% of holdings), 100% in favor
  • Public Institutions: 3,28,69,965 shares voted (93.91% of holdings), 94.37% in favor, 5.63% against
  • Public Non-Institutions: 4,50,51,808 shares voted (90.86% of holdings), 99.86% in favor, 0.14% against

Resolution 2 Breakdown:

  • Promoter & Promoter Group: 12,74,11,099 shares voted (100% of holdings), 100% in favor
  • Public Institutions: 3,28,69,965 shares voted (93.91% of holdings), 96.95% in favor, 3.05% against
  • Public Non-Institutions: 4,50,51,803 shares voted (90.86% of holdings), 99.86% in favor, 0.14% against

Resolution 3 Breakdown:

  • Promoter & Promoter Group: 12,74,11,099 shares voted (100% of holdings), 100% in favor
  • Public Institutions: 3,28,69,965 shares voted (93.91% of holdings), 96.95% in favor, 3.05% against
  • Public Non-Institutions: 4,50,51,803 shares voted (90.86% of holdings), 99.86% in favor, 0.14% against

Scrutinizer's Role and Findings

Ms. Varsha V Shenoy (FCS: 9012, COP: 10499), Proprietress of VVS and Associates, Company Secretary in Practice, was appointed as the Scrutinizer. She scrutinized the electronic voting process, maintained records of assent and dissent, and submitted her report on June 25, 2026. The Scrutinizer confirmed that all three resolutions were approved with the requisite majority.

Compliance Confirmation

The voting was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, relevant rules, MCA circulars, and SEBI Listing Regulations. The advertisement was published in Financial Express (English) and Vishwavani (Kannada) newspapers on May 26, 2026.