Meeting Details

  • Meeting Type: 30th Annual General Meeting (AGM)
  • Date: September 22, 2026
  • Time: 09:00 AM to 10:30 AM IST
  • Mode: Conducted through video conferencing (VC) / other audio visual means (OAVM)
  • Record Date: September 15, 2026

Proposed Resolutions and Implications

Six resolutions were considered at the AGM:

1. Ordinary Resolution: To receive, consider and adopt the audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Reports of Directors and Auditors.

2. Ordinary Resolution: To appoint Mr. Raj Chivukula (DIN: 02484081) as director who retires by rotation (promoter group interested).

3. Ordinary Resolution: To ratify remuneration payable to Cost Auditor M/s. Jayaram & Associates (Firm Regn No. 101077) for FY27.

4. Ordinary Resolution: To appoint Secretarial Auditors for five years from FY2026-27 to FY2030-31.

5. Special Resolution: Modification and ratification of "INDO-MIM Employees Stock Option Plan, 2024 (ESOP 2024)".

6. Special Resolution: Ratification of extension of ESOP 2024 benefits to employees of subsidiary, associate or holding companies.

Voting Process and Methods

  • Remote e-voting period: September 19, 2026 (09:00 AM IST) to September 21, 2026 (05:00 PM IST)
  • E-voting at AGM: Conducted during the meeting on September 22, 2026
  • Service provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Notice publication: Pre-issue in Business Standard (English) and Hosadigantha (Kannada) on August 25, 2026; post-issue in Financial Express (English) and Hosadigantha (Kannada) on August 30, 2026
  • Physical attendance: Dispensed with as per MCA Circulars; no proxy appointments allowed

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 174,277
  • Shareholders attended through VC/OAVM: 208 (all public)
  • Total shares outstanding: 494,480,907
  • Total votes cast across all resolutions: ~442.47 million (89.48% of outstanding shares)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements (Ordinary)

  • Total votes polled: 442,474,288 (89.48%)
  • Votes in favor: 442,474,288 (100%)
  • Votes against: 30 (0%)
  • Passed: Yes

Resolution 2: Re-appointment of Mr. Raj Chivukula (Ordinary)

  • Total votes polled: 442,473,318 (89.48%)
  • Votes in favor: 437,085,079 (98.78%)
  • Votes against: 5,388,239 (1.22%)
  • Passed: Yes

Resolution 3: Ratification of Cost Auditor Remuneration (Ordinary)

  • Total votes polled: 442,474,318 (89.48%)
  • Votes in favor: 442,474,282 (100%)
  • Votes against: 36 (0%)
  • Passed: Yes

Resolution 4: Appointment of Secretarial Auditors (Ordinary)

  • Total votes polled: 442,474,318 (89.48%)
  • Votes in favor: 442,474,281 (100%)
  • Votes against: 37 (0%)
  • Passed: Yes

Resolution 5: Modification of ESOP 2024 (Special)

  • Total votes polled: 442,474,298 (89.48%)
  • Votes in favor: 418,140,053 (94.50%)
  • Votes against: 24,334,245 (5.50%)
  • Passed: Yes

Resolution 6: Extension of ESOP to Subsidiaries (Special)

  • Total votes polled: 442,474,194 (89.48%)
  • Votes in favor: 393,513,992 (88.93%)
  • Votes against: 48,960,202 (11.07%)
  • Passed: Yes

Scrutinizer's Report

  • Name: Mr. Surjya Narayan Mishra
  • Firm: M/s. SNM & Associates
  • Qualification: CS (Membership No. 6143)
  • Appointment Date: April 16, 2025
  • Report Date: September 23, 2026
  • Key Findings: Confirmed fair and transparent voting process; votes unblocked on September 22, 2026 at 10:45 AM in presence of witnesses (Ms. Aparna Wagh and Mr. Sumanth More)
  • Vote Storage: All records handed over to Company Secretary for safekeeping after Chairman signs minutes

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated September 22, 2025