Meeting Details

The 17th Annual General Meeting was held physically on Monday, 21st September 2026, at 11.00 a.m. (IST) at 'PYC Deccan Gymkhana CTS No. 766, F.P. No. 244, Bhandarkar Road, Pune, Maharashtra 411004'.

Summary of Resolutions and Implications

Seven resolutions were proposed for shareholder approval:

  • Resolution No. 1 (Ordinary Resolution): To receive, consider and adopt the Audited Standalone Financial Statements for the year ended 31st March 2026 and the Reports of the Board of Directors and Auditors.
  • Resolution No. 2 (Ordinary Resolution): To receive, consider and adopt the Audited Consolidated Financial Statements for the year ended 31st March 2026 together with the report of Auditors.
  • Resolution No. 3 (Ordinary Resolution): To appoint a Director in place of Mrs. Rajashri Pradeep Khandagale (DIN: 02545231), who retires by rotation and offered herself for re-appointment.
  • Resolution No. 4 (Ordinary Resolution): Ratification of Remuneration of Cost Auditor for the Financial Year 2026-27.
  • Resolution No. 5 (Ordinary Resolution): Approval of Related Party Transaction with Univastu NUOS IoT Systems Private Limited.
  • Resolution No. 6 (Special Resolution): Consent for Increase in the Limits applicable for making Investments/Extending Loans and giving Guarantees or providing Securities in connection with Loans to Persons/Bodies Corporate.
  • Resolution No. 7 (Special Resolution): To approve power to borrow funds pursuant to the provisions of section 180(1)(c) of the Companies Act, 2013.

Voting Process and Methods

The voting process comprised two methods:

1. Remote E-Voting: Managed by Bigshare Services Pvt. Ltd. The voting period was from Friday, 18th September 2026 at 09:00 a.m. (IST) to Sunday, 20th September 2026 at 05:00 p.m. (IST). Shareholders holding shares as of the cut-off date, Monday, 14th September 2026, were eligible.

2. Voting by Poll at AGM: Conducted during the physical meeting for shareholders who had not voted remotely.

The e-voting system was unblocked on 20th September 2026 at 5:00 p.m. in the presence of two independent witnesses, Ms. Mrunmayi Bakshi and Mrs. Vrushali Pangarkar.

Key Voting Outcomes

The scrutinizer, Nishad Umranikar of MSN Associates, certified that all resolutions were passed. The detailed results are as follows:

Resolution No. 1

  • Total Votes Cast: 2,57,63,383 out of 3,59,86,770 total shares
  • Votes in Favour: 2,57,63,383 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
  • 1 shareholder voted partially.
  • Result: Passed Unanimously.

Resolution No. 2

  • Total Votes Cast: 2,57,63,383
  • Votes in Favour: 2,57,63,383 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
  • 1 shareholder voted partially.
  • Result: Passed Unanimously.

Resolution No. 3

  • Total Votes Cast: 14,87,347
  • Votes in Favour: 14,87,347 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
  • 1 shareholder voted partially; 3 shareholders abstained.
  • Result: Passed Unanimously.

Resolution No. 4

  • Total Votes Cast: 2,57,63,383
  • Votes in Favour: 2,57,63,383 (100%)
  • Votes Against: 0 (0%)
  • Invalid Votes: 0
  • 1 shareholder voted partially.
  • Result: Passed Unanimously.

Resolution No. 5

  • Total Votes Cast: 14,87,347
  • Votes in Favour: 11,09,800 (74.62%)
  • Votes Against: 3,77,547 (25.38%)
  • Invalid Votes: 0
  • All opposition came from remote e-voting; physical polling was 100% in favour.
  • 1 shareholder voted partially; 3 shareholders abstained.
  • Result: Passed by Majority.

Resolution No. 6 (Special Resolution)

  • Total Votes Cast: 2,57,63,383
  • Votes in Favour: 2,53,85,836 (98.54%)
  • Votes Against: 3,77,547 (1.46%)
  • Invalid Votes: 0
  • All opposition came from remote e-voting; physical polling was 100% in favour.
  • 1 shareholder voted partially.
  • Result: Passed by Majority (Special Resolution requires 75% majority).

Resolution No. 7 (Special Resolution)

  • Total Votes Cast: 2,57,63,383
  • Votes in Favour: 2,53,85,836 (98.54%)
  • Votes Against: 3,77,547 (1.46%)
  • Invalid Votes: 0
  • All opposition came from remote e-voting; physical polling was 100% in favour.
  • 1 shareholder voted partially.
  • Result: Passed by Majority (Special Resolution requires 75% majority).

Scrutinizer's Role and Findings

Nishad Umranikar, Partner of MSN Associates, was appointed as the Scrutinizer. His responsibility was to ensure a fair and transparent voting process and to consolidate the results from both remote e-voting and physical polling. He confirmed that the process was conducted in compliance with the relevant laws and rules. All electronic data and records relating to the voting are to remain in his safe custody until the Chairman signs the meeting minutes.

Compliance Confirmation

The report confirms that the voting was conducted in compliance with the provisions of the Companies Act, 2013, its rules, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.