Meeting Details

  • Date of Meeting: Wednesday, 23rd September, 2026
  • Time of Meeting: 4:30 PM to 5:00 PM (IST)
  • Location: Conducted through Video Conferencing and Other Audio Visual Means facility
  • Type of Meeting: 19th Annual General Meeting (AGM)

Proposed Resolutions and Implications

The AGM considered and voted on five ordinary resolutions:

1. Resolution 1: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with Reports of Board of Directors and Auditors

2. Resolution 2: To appoint Mr. Hari Nair (DIN: 00471889), who retires by rotation as a director and being eligible, offer himself for re-appointment as a director

3. Resolution 3: To consider the approval of Material Related Party Transaction(s) proposed to be entered into by the Company during financial year 2026-27 with Mr. Jignesh Raval

4. Resolution 4: To consider the approval of Material Related Party Transaction proposed to be entered into by the Company during financial year 2026-27 with AJ Fibertek India Private Limited

5. Resolution 5: To consider the approval of Material Related Party Transaction(s) proposed to be entered into by the Company during financial year 2026-27 with Miba Sinter Austria GmbH

Voting Process and Methods

The voting process followed a dual mechanism:

  • Remote e-Voting: Available from Sunday, 20th September, 2026 (9:00 am) to Tuesday, 22nd September, 2026 (5:00 pm) through NSDL platform
  • E-Voting at AGM: Electronic voting facility was made available for 15 minutes post-closure of the meeting for members who participated but hadn't voted remotely
  • Record Date: Wednesday, 16th September, 2026 (cut-off date for voting eligibility)
  • Total Shareholders on Record Date: 2,600

Key Voting Outcomes

Overall Participation

  • Total Outstanding Shares: 20,153,735
  • Total Votes Polled: 20,153,735 (100% participation)
  • Total Votes in Favor: 20,150,751 (99.9852%)
  • Total Votes Against: 2,984 (0.0148%)
  • Invalid Votes: 0 across all categories

Resolution-wise Breakdown

Resolution 1 (Financial Statements Adoption)

  • Promoter & Promoter Group: 19,047,822 votes in favor (100%), 0 against
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 1,105,913 votes polled (100% participation) with 1,102,929 in favor (99.73%), 2,984 against (0.27%)
  • Overall Result: PASSED with 99.99% approval

Resolution 2 (Director Re-appointment)

  • Promoter & Promoter Group: 19,047,822 votes in favor (100%), 0 against
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 1,105,913 votes polled (100% participation) with 1,102,929 in favor (99.73%), 2,984 against (0.27%)
  • Overall Result: PASSED with 99.99% approval

Resolution 3 (RPT with Mr. Jignesh Raval)

  • Promoter & Promoter Group: 0 votes polled (abstained due to conflict of interest)
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 1,031,692 votes polled (93.2887% participation) with 1,028,708 in favor (99.7108%), 2,984 against (0.2892%)
  • Invalid Votes: 19,122,043 votes from interested parties deemed invalid
  • Overall Result: PASSED with 99.7108% approval of votes polled

Resolution 4 (RPT with AJ Fibertek India Private Limited)

  • Promoter & Promoter Group: 0 votes polled (abstained due to conflict of interest)
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 1,031,692 votes polled (93.2887% participation) with 1,028,708 in favor (99.7108%), 2,984 against (0.2892%)
  • Invalid Votes: 19,122,043 votes from interested parties deemed invalid
  • Overall Result: PASSED with 99.7108% approval of votes polled

Resolution 5 (RPT with Miba Sinter Austria GmbH)

  • Promoter & Promoter Group: 0 votes polled (abstained due to conflict of interest)
  • Public Institutions: 0 votes polled
  • Public Non-Institutions: 1,031,692 votes polled (93.2887% participation) with 1,028,708 in favor (99.7108%), 2,984 against (0.2892%)
  • Invalid Votes: 19,122,043 votes from interested parties deemed invalid
  • Overall Result: PASSED with 99.7108% approval of votes polled

Attendance Breakdown

  • Promoters & Promoter Group attending via VC/OAVM: 6 members
  • Public shareholders attending via VC/OAVM: 19 members
  • Physical attendance: 0 members (due to COVID-19 restrictions)

Scrutinizer's Role and Findings

  • Name: Mr. Sunil Nanal, Partner, KANJ & Co. LLP
  • Qualification: Company Secretary (Membership No. F5977)
  • Appointment Date: 12th August, 2026
  • Report Issuance Date: 25th September, 2026

The Scrutinizer was responsible for:

  • Supervising the remote e-Voting process from 20th to 22nd September, 2026
  • Conducting e-Voting during the AGM
  • Counting and reconciling all votes with company records
  • Certifying the validity of the voting process
  • Identifying and invalidating 19,122,043 votes from interested parties for Resolutions 3, 4, and 5 pursuant to Regulation 23(4) of SEBI LODR and Second Proviso to Section 188(1) of Companies Act, 2013