Meeting Details

  • Type of Meeting: 21st Annual General Meeting (AGM)
  • Date: Saturday, 26th September 2026
  • Time: 4:00 PM to 5:00 PM
  • Mode: Video Conference as per circulars from Ministry of Corporate Affairs and Securities Exchange Board of India
  • Cut-off Date: 18th September 2026 for determining voting rights

Proposed Resolutions and Implications

Six resolutions were considered at the AGM:

1. Ordinary Resolution: Adoption of audited standalone financial statements for FY ending 31st March 2026 with directors' and auditors' reports, and consolidated financial statements with auditors' report

2. Ordinary Resolution: Declaration of final dividend of ₹3.00 per equity share (face value ₹10) for FY ended 31st March 2026

3. Ordinary Resolution: Re-appointment of Sri H Gurunath Reddy (DIN: 07211326) who retired by rotation

4. Ordinary Resolution: Ratification of remuneration of cost auditors

5. Special Resolution: Appointment of Sri Kasturi Phaneendra Rao (DIN: 11881707) as Independent Director for 5 years

6. Ordinary Resolution: Approval of material related party transactions with M/s TGV SRAAC Limited

Voting Process and Methods

  • Remote e-voting: Available from Wednesday, 23rd September 2026 at 9:00 AM to Friday, 25th September 2026 at 5:00 PM through CDSL
  • E-voting during AGM: Available for members attending through video conference who hadn't voted remotely
  • Scrutinizer: Ms Sridevi Madati, Company Secretary in Practice and Partner of MNM & Associates (Firm Registration No. P2017TL059600)
  • Vote unblocking: Conducted in presence of Mr. B Saravana and Mrs. Elluri Lavanya (not company employees)

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 17,164,821
  • Total votes polled: 10,744,181 shares (62.5942% participation)

Resolution-wise Results:

Resolution 1 (Adoption of Financial Statements)

  • Votes in favor: 10,743,441 (99.9931%)
  • Votes against: 740 (0.0069%)
  • Result: Passed

Resolution 2 (Dividend Declaration)

  • Votes in favor: 10,743,441 (99.993%)
  • Votes against: 740 (0.007%)
  • Result: Passed

Resolution 3 (Re-appointment of H Gurunath Reddy)

  • Votes in favor: 10,733,196 (99.897%)
  • Votes against: 10,985 (0.103%)
  • Result: Passed

Resolution 4 (Cost Auditor Remuneration)

  • Votes in favor: 10,743,441 (99.993%)
  • Votes against: 740 (0.007%)
  • Result: Passed

Resolution 5 (Appointment of Independent Director)

  • Votes in favor: 10,733,116 (99.897%)
  • Votes against: 11,065 (0.103%)
  • Result: Passed (Special Resolution)

Resolution 6 (Related Party Transactions)

  • Votes in favor: 75,441 (87.289%)
  • Votes against: 10,985 (12.711%)
  • Total votes polled: 86,426 shares
  • Result: Passed

Category-wise Voting Breakdown:

Promoter and Promoter Group

  • Shares held: 10,664,802
  • Votes polled: 10,657,755 (99.9339% participation)
  • 100% voted in favor on all resolutions

Public Institutions

  • Shares held: 38,392
  • Votes polled: 724 (1.8858% participation)
  • 100% voted in favor on all resolutions

Public Non-Institutions

  • Shares held: 6,461,627
  • Votes polled: 85,702 (1.3263% participation)
  • Mostly voted in favor (99.1365% for most resolutions)

Scrutinizer's Role and Findings

  • Appointment date: 12th August 2026 in Board Meeting
  • Report issuance date: 28th September 2026
  • Findings: All six resolutions (5 Ordinary, 1 Special) passed with requisite majority
  • Process: Scrutinized remote e-voting and e-voting during AGM using CDSL system
  • Compliance: Verified adherence to Companies Act, 2013 and SEBI LODR Regulations

Compliance with Regulations

  • Conducted as per MCA Circulars (No. 20/2020, 14/2020, 03/2025) and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167
  • Notice dispatched via email on 4th September 2026 to registered shareholders
  • Advertisements published in Business Standard (English) and Andhra Prabha (Telugu) on 5th September 2026
  • Compliance with Regulation 36(1)(b) and 44(4) of SEBI LODR Regulations confirmed

Additional Information

  • Invalid Votes: One invalid vote from Public Institutions category identified as "THE R. P. LEWIS CO., LANSING, MICH. 49-14039-1-120-2"
  • The company is not listed on MSEI (marked as NOTLISTED)