Meeting Details

  • Date: Thursday, August 13th, 2026
  • Time: 10:00 a.m.
  • Location: 'Praj Tower', S. No. 274 & 275/2, Bhumkar Chowk, Hinjewadi Road, Hinjewadi, Pune-411057
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type of Meeting: 40th Annual General Meeting

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors' report

3. Declaration of dividend of ₹3.60 (180%) per equity share of ₹2 each for FY 2025-26

4. Retirement of Mr. Berjis Desai (DIN: 00153675), Non-Executive Non-Independent Director, by rotation under Section 152 of Companies Act, 2013, and not filling the resultant vacancy

Special Business:

5. Appointment of Ms. Rujuta Jagtap (DIN: 00861890) as Independent Director for second term of three years from August 21, 2026 to August 20, 2029 (Special Resolution)

6. Ratification of remuneration of Dhananjay V. Joshi & Associates, Cost Accountants as Cost Auditors for FY ending March 31, 2027

Voting Process and Methods

The voting process employed two methods:

  • Remote e-voting: Conducted from Monday, August 10th, 2026 at 09:00 a.m. to Wednesday, August 12th, 2026 at 05:00 p.m. through MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.)
  • e-voting at AGM: Conducted during the meeting for shareholders who hadn't voted remotely

Cut-off date for shareholder eligibility was Thursday, August 5th, 2026. The company complied with MCA General Circular No. 03/2025 dated September 22nd, 2025 and SEBI Circular dated October 3rd, 2024 regarding virtual AGM conduct.

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 18,38,13,088
  • Total votes polled: 10,79,43,282 (58.72% participation)
  • 114 shareholders attended via video conferencing (2 Promoters, 112 Public)

Resolution-wise Results:

Resolution 1 (Ordinary - Standalone Financials):

  • Total votes: 10,79,42,880
  • Votes in favor: 10,79,42,880 (99.9996%)
  • Votes against: 402 (0.0004%)
  • Invalid votes: 0

Resolution 2 (Ordinary - Consolidated Financials):

  • Total votes: 10,79,42,880
  • Votes in favor: 10,79,42,880 (99.9996%)
  • Votes against: 402 (0.0004%)
  • Invalid votes: 0

Resolution 3 (Ordinary - Dividend Declaration):

  • Total votes: 10,79,43,063
  • Votes in favor: 10,79,43,063 (99.9998%)
  • Votes against: 233 (0.0002%)
  • Invalid votes: 0

Resolution 4 (Ordinary - Director Retirement):

  • Total votes: 10,79,42,963
  • Votes in favor: 10,79,42,963 (99.9997%)
  • Votes against: 312 (0.0003%)
  • Invalid votes: 0

Resolution 5 (Special - Director Appointment):

  • Total votes: 10,78,49,163
  • Votes in favor: 10,78,49,163 (99.9128%)
  • Votes against: 94,104 (0.0872%)
  • Invalid votes: 0

Resolution 6 (Ordinary - Cost Auditor Remuneration):

  • Total votes: 10,79,42,811
  • Votes in favor: 10,79,42,811 (99.9996%)
  • Votes against: 424 (0.0004%)
  • Invalid votes: 0

Category-wise Voting Breakdown:

Promoter & Promoter Group (60,300,000 shares):

  • 100% participation across all resolutions
  • 100% votes in favor for all resolutions

Public Institutions (58,309,439 shares):

  • 81.24% participation
  • 100% votes in favor for all resolutions

Public Non-Institutions (65,203,649 shares):

  • 0.42% participation
  • Varied approval rates between 97.78%-99.91% across resolutions

Scrutinizer's Role and Findings

Mr. Nishad Umranikar, Partner of MSN Associates, Company Secretaries, was appointed as Scrutinizer. His responsibilities included:

  • Ensuring fair and transparent voting process
  • Scrutinizing both remote e-voting and e-voting at AGM
  • Preparing consolidated report of voting results

The remote e-voting system was unblocked on August 13th, 2026 after AGM conclusion in presence of two independent witnesses:

1. Mrs. Vrushali Pangarkar (Sadashiv Peth, Pune 411030)

2. Ms. Mrunmayi Bakshi (Navi Peth, Pune 411030)

All electronic data and voting records remain in the Scrutinizer's safe custody until minutes are approved by the Chairman.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated September 22nd, 2025
  • SEBI Circular dated October 3rd, 2024