AGM Details

The 61st Annual General Meeting was held on Friday, July 31, 2026, at 04:00 P.M. through Video Conference (VC)/Other Audio Visual Means (OAVM). The meeting ended at 04:35 PM.

Scrutinizer Appointment

Ankita Sanket Jain (Practicing Company Secretary, C.P. No. 28687), Proprietor of M/s Ankita S. Jain & Co., Company Secretaries, was appointed as Scrutinizer by the Board of Directors vide resolution dated May 27, 2026.

Record Date and Share Capital

The cut-off date for determining shareholders entitled to vote was Friday, July 24, 2026. As on this date:

  • Total number of shareholders: 2,480
  • Total paid-up share capital: ₹3,34,32,430 (Rupees Three Crores Thirty Four Lakhs Thirty Two Thousand Four Hundred Thirty Only)
  • Total equity shares: 33,43,243 equity shares of ₹10 each

Voting Process

Remote e-voting commenced from Tuesday, July 28, 2026, at 9:00 A.M. and ended on Thursday, July 30, 2026, at 5:00 P.M. through the website of MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

Resolution Results

Resolution No. 1 - Ordinary Resolution

To receive, consider and adopt the Financial Statements for the year ended 31 March, 2026 with Reports of Directors and Auditors:

  • Remote e-voting: 382 members voted with 15,85,478 votes (100% in favor)
  • E-voting at AGM: 10 members voted with 45 votes (0.00% in favor)
  • Total: 392 members voted with 15,85,523 votes (100% in favor)
  • No votes against or invalid/abstained
  • Resolution PASSED

Resolution No. 2 - Ordinary Resolution

To consider the re-appointment of Mr. Naresh Kumar Verma, who retires by rotation:

  • Remote e-voting: 382 members voted with 15,85,478 votes (100% in favor)
  • E-voting at AGM: 10 members voted with 45 votes (0.00% in favor)
  • Total: 392 members voted with 15,85,523 votes (100% in favor)
  • No votes against or invalid/abstained
  • Resolution PASSED

Resolution No. 3 - Ordinary Resolution

To appoint M/s Ankita S. Jain & Co., Company Secretaries (Firm Registration No. S2026UP1067300) as Secretarial Auditors:

  • Remote e-voting: 382 members voted with 15,85,478 votes (100% in favor)
  • E-voting at AGM: 10 members voted with 45 votes (0.00% in favor)
  • Total: 392 members voted with 15,85,523 votes (100% in favor)
  • No votes against or invalid/abstained
  • Resolution PASSED

Resolution No. 4 - Ordinary Resolution

To consider Material Related Party Transaction with Bharat Gears Limited (Company within the Group):

  • Remote e-voting: 380 members voted with 2,283 votes (98.07% in favor)
  • E-voting at AGM: 10 members voted with 45 votes (1.93% in favor)
  • Total: 390 members voted with 2,328 votes (100% in favor)
  • No votes against or invalid/abstained
  • Note: Votes of Promoter and Promoter Group were not considered for this resolution
  • Resolution PASSED

Detailed Voting Analysis by Category

The detailed breakdown shows:

  • Promoter and Promoter Group: 17,47,908 shares held, 15,83,195 votes polled (90.58% turnout), 100% in favor on all resolutions where eligible
  • Public Institutions: 2,227 shares held, 0 votes polled on all resolutions
  • Public Non-Institutions: 15,93,108 shares held, 2,328 votes polled (0.15% turnout), 100% in favor on all resolutions

Document Certification

The Consolidated Scrutinizer's Report was issued by Ankita Sanket Jain on August 3, 2026, and countersigned by Surinder Paul Kanwar (Chairman and Managing Director, DIN: 00033524) on the same date.

Additional Information

  • Company CIN: L51909HR1965PLC034315
  • The company is not listed on NSE or MSEI
  • The electronic voting data shall remain in safe custody until minutes are approved