Meeting Details

  • Date: Monday, 28th September, 2026
  • Time: 11:00 am
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Meeting Type: 28th Annual General Meeting
  • Record Date: Monday, September 21, 2026
  • Total Shareholders on Record Date: 14,175

Proposed Resolutions and Implications

The AGM considered five resolutions:

1. Resolution No. 1: To consider and adopt Audited Standalone & Consolidated Financial Statements and Auditor's Reports thereon for the Financial Year ended on 31st March, 2026 (Ordinary Resolution)

2. Resolution No. 2: To appoint a Director in place of Mr. Sudhakar Balu Tandale (DIN: 09083084), who retire by rotation and being eligible, offer himself for re-Appointment (Ordinary Resolution)

3. Resolution No. 3: To ratify the remuneration payable to the Cost Auditors for the FY 2026-27 (Ordinary Resolution)

4. Resolution No. 4: To make investments, give loans, guarantee and security in excess of limits Specified under section 186 of the Companies Act, 2013 (Special Resolution)

5. Resolution No. 5: To approve Material Related Party Transaction with M/s. NCSL-RYC, a Joint Venture (Ordinary Resolution)

Voting Process and Methods

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) during the period commencing from Friday, 25th September, 2026 (09:00 a.m.) to Sunday, 27th September, 2026 (05:00 p.m.). The Company also provided e-voting facility for 15 minutes before and after the conclusion of the AGM for members attending through VC/OAVM who had not cast their vote earlier through remote e-voting.

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 5,96,94,340
  • Total Votes Polled Across All Resolutions: 4,18,02,498 shares (70.0276% of outstanding shares)
  • Shareholder Attendance through VC/OAVM: 67 shareholders (5 Promoters/Promoter Group, 62 Public)

Resolution-wise Results:

Resolution 1 - Financial Statements Adoption

  • Total Votes Polled: 4,18,02,498 shares (70.0276%)
  • Votes in Favor: 4,18,02,498 (100%)
  • Votes Against: 0 (0%)
  • Promoter Group: 1,48,37,597 votes (99.7005% participation, 100% in favor)
  • Public Non-Institutions: 2,69,64,901 votes (60.1732% participation, 100% in favor)
  • Status: PASSED

Resolution 2 - Director Re-appointment (Mr. Sudhakar Balu Tandale)

  • Total Votes Polled: 4,18,02,498 shares (70.0276%)
  • Votes in Favor: 4,18,02,498 (100%)
  • Votes Against: 0 (0%)
  • Promoter Group: 1,48,37,597 votes (99.7005% participation, 100% in favor)
  • Public Non-Institutions: 2,69,64,901 votes (60.1732% participation, 100% in favor)
  • Status: PASSED

Resolution 3 - Cost Auditor Remuneration Ratification

  • Total Votes Polled: 4,18,02,498 shares (70.0276%)
  • Votes in Favor: 4,18,02,298 (99.9995%)
  • Votes Against: 200 (0.0005%)
  • Promoter Group: 1,48,37,597 votes (100% in favor)
  • Public Non-Institutions: 2,69,64,701 votes in favor, 200 against (99.9993% in favor)
  • Status: PASSED

Resolution 4 - Investments/Loans/Guarantees beyond Section 186 Limits

  • Total Votes Polled: 4,18,02,498 shares (70.0276%)
  • Votes in Favor: 4,18,02,498 (100%)
  • Votes Against: 0 (0%)
  • Promoter Group: 1,48,37,597 votes (100% in favor)
  • Public Non-Institutions: 2,69,64,901 votes (100% in favor)
  • Status: PASSED

Resolution 5 - Related Party Transaction with NCSL-RYC JV

  • Total Votes Polled: 2,69,64,901 shares (45.1716%)
  • Votes in Favor: 2,69,64,901 (100%)
  • Votes Against: 0 (0%)
  • Promoter Group: 0 votes (abstained as interested party)
  • Public Non-Institutions: 2,69,64,901 votes (100% in favor)
  • Status: PASSED

Scrutinizer's Role and Findings

Mr. Abhaykumar J. Pal, proprietor of M/s. Abhay Kumar Pal & Co., Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting process. The scrutinizer certified that:

  • The e-voting was conducted in a fair and transparent manner
  • All resolutions were approved by members with requisite majority
  • The resolutions are deemed to be passed on the last date of e-voting (Sunday, September 27, 2026)
  • Relevant records will remain in the scrutinizer's safe custody until the Chairman approves and signs the minutes

Compliance Confirmation

The Company confirmed compliance with:

  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management & Administration) Rules 2014
  • Various MCA Circulars and SEBI regulations

Additional Information

  • Company CIN: L26940MH1998PLC114307
  • Head Office: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, ST Road, Nr. R K Studio, D G Patil Road, Mumbai - 400088