Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Date of Meeting: August 14, 2026
  • Type of Meeting: 54th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Meeting Duration: 10:00 AM to 10:40 AM IST
  • Record Date: August 7, 2026
  • Total Shareholders on Record Date: 64,010

Proposed Resolutions and Implications

The AGM considered nine resolutions covering various corporate matters:

Ordinary Resolutions (Item Nos. 1-5):

1. Adoption of Financial Statements for FY 2025-26

2. Declaration of final dividend on equity shares

3. Re-appointment of Mr. P. Trivikrama Prasad (DIN: 00006887) as Director liable to retire by rotation

4. Re-appointment of Mr. Nikhil Devineni as Director liable to retire by rotation

5. Ratification of remuneration payable to Cost Auditors for financial year 2026-27

Special Resolutions (Item Nos. 6-9):

6. Approval for continuation of directorship of Mr. P. Trivikrama Prasad as Non-Executive Non-Independent Director

7. Re-appointment and remuneration payable to Mr. GRK Prasad (DIN: 00006852) as Executive Director

8. Re-appointment of Mr. Mwelwa Chibesakunda (DIN: 10805023) as Independent Director

9. Amendment of Object Clause in the Memorandum of Association

Voting Process and Methods

The voting was conducted through two methods:

1. Remote E-voting: Conducted through NSDL from August 10, 2026 (9:00 AM IST) to August 13, 2026 (5:00 PM IST)

2. Electronic Voting during AGM: Provided for shareholders who participated through VC/OAVM and had not voted remotely. The e-voting remained open for 15 minutes after the AGM concluded at 10:40 AM.

The voting facilities were unblocked in the presence of two witnesses who were not employees of the company.

Key Voting Outcomes

Overall Participation:

  • Total shares outstanding: 283,255,096
  • Total votes polled: 200,393,436 shares (70.75% participation)
  • Number of shareholders who voted: 514

Resolution-wise Results:

Item 1 - Adoption of Financial Statements:

  • Votes in favor: 20,03,91,052 shares (100% of valid votes)
  • Votes against: 2,384 shares
  • Total votes: 20,03,93,436 shares

Item 2 - Final Dividend Declaration:

  • Votes in favor: 20,08,71,321 shares (100% of valid votes)
  • Votes against: 10 shares
  • Total votes: 20,08,71,331 shares

Item 3 - Re-appointment of P. Trivikrama Prasad:

  • Votes in favor: 13,98,10,898 shares (98.09% of valid votes)
  • Votes against: 27,24,379 shares (1.91%)
  • Total votes: 14,25,35,277 shares

Item 4 - Re-appointment of Nikhil Devineni:

  • Votes in favor: 10,64,76,476 shares (96.71% of valid votes)
  • Votes against: 36,27,110 shares (3.29%)
  • Total votes: 11,01,03,586 shares

Item 5 - Ratification of Cost Auditor Remuneration:

  • Votes in favor: 20,08,62,902 shares (100% of valid votes)
  • Votes against: 2,432 shares
  • Total votes: 20,08,65,334 shares

Item 6 - Continuation of P. Trivikrama Prasad:

  • Votes in favor: 14,00,64,686 shares (98.27% of valid votes)
  • Votes against: 24,70,591 shares (1.73%)
  • Total votes: 14,25,35,277 shares

Item 7 - Re-appointment of GRK Prasad:

  • Votes in favor: 19,93,71,158 shares (99.44% of valid votes)
  • Votes against: 11,27,832 shares (0.56%)
  • Total votes: 20,04,98,990 shares

Item 8 - Re-appointment of Mwelwa Chibesakunda:

  • Votes in favor: 20,03,49,151 shares (99.74% of valid votes)
  • Votes against: 5,16,183 shares (0.26%)
  • Total votes: 20,08,65,334 shares

Item 9 - Amendment of Memorandum of Association:

  • Votes in favor: 20,08,63,657 shares (100% of valid votes)
  • Votes against: 1,577 shares
  • Total votes: 20,08,65,234 shares

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

  • Shares held: 141,717,388
  • Votes polled: 141,373,228 (99.76% participation)
  • Showed 100% approval for most resolutions where they were not interested parties

Public Institutions:

  • Shares held: 28,886,191
  • Votes polled: 26,997,561 (93.46% participation)

Public Non-Institutions:

  • Shares held: 112,651,517
  • Votes polled: 32,494,545 (28.85% participation)

Scrutinizer's Role and Findings

Mrs. D. Renuka, Practicing Company Secretary (ACS 11963, CP: 3460), was appointed as Scrutinizer by the Board of Directors at their meeting held on May 15, 2026. Her responsibilities included:

  • Scrutinizing the remote e-voting process and electronic voting during the AGM
  • Reviewing votes cast based on data downloaded from NSDL
  • Preparing a consolidated scrutinizer's report

The scrutinizer confirmed that all resolutions secured the requisite majority of votes and can be considered passed - ordinary resolutions for items 1-5 and special resolutions for items 6-9.

Compliance with Laws and Regulations

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • MCA circulars dated April 8, 2020, April 13, 2020, May 5, 2020, and subsequent circulars including 03/2025 dated September 22, 2025
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The company confirmed that the AGM notice dated May 15, 2026, along with the Annual Report for FY 2025-26, was circulated electronically to all shareholders whose email addresses were registered with the company/depositories.