Meeting Details

The 20th Annual General Meeting was held on Wednesday, 30th September, 2026 at 03:00 p.m. IST through Video Conference/Other Audio-Visual Means (VC/OAVM). The proceedings were deemed conducted at the Registered Office of the Company.

Proposed Resolutions and Implications

Three ordinary resolutions were proposed:

1. To consider and adopt the audited financial statements (including audited consolidated financial statements) for the Financial Year ended 31st March, 2026 and the Reports of the Directors and Auditors thereon

2. To appoint Mr. Vinod Goenka (DIN: 00029033), who retires by rotation and being eligible, offers himself for re-appointment as a Director

3. To appoint M/s. Mehta Chokshi & Shah LLP, Chartered Accountants as Statutory Auditors of the Company

Voting Process and Methods

Remote e-voting was conducted through NSDL from Sunday, September 27, 2026 at 9:00 a.m. IST to Tuesday, September 29, 2026 at 5:00 p.m. IST. E-voting was also conducted during the AGM through electronic means. The cut-off date for determining shareholders entitled to vote was Wednesday, September 23, 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total valid votes polled: 248,462,972
  • Votes in favor: 248,457,023 (99.9976%)
  • Votes against: 5,949 (0.0024%)
  • Number of members voting: 170
  • Invalid votes: 0

Resolution 2: Re-appointment of Director

  • Total valid votes polled: 248,462,972
  • Votes in favor: 248,457,023 (99.9976%)
  • Votes against: 5,949 (0.0024%)
  • Number of members voting: 170
  • Invalid votes: 0

Resolution 3: Appointment of Auditors

  • Total valid votes polled: 248,462,972
  • Votes in favor: 248,443,923 (99.9923%)
  • Votes against: 19,049 (0.0077%)
  • Number of members voting: 170
  • Invalid votes: 0

Participation Breakdown by Shareholder Category

Promoter & Promoter Group

  • Total shares held: 255,860,618
  • Votes polled: 231,215,058 (90.36% participation)
  • 100% votes in favor across all resolutions

Public Institutions

  • Total shares held: 23,072,290
  • Votes polled: 14,782,829 (64.07% participation)
  • 99.99% votes in favor across resolutions 1 & 2, 99.9959% for resolution 3

Public Non-Institutions

  • Total shares held: 263,473,853
  • Votes polled: 2,465,085 (0.94% participation)
  • 99.75% votes in favor for resolutions 1 & 2, 99.2516% for resolution 3

Scrutinizer's Role and Findings

Vicky M. Kundaliya, Practicing Company Secretary (Proprietor of M/s. V. M. Kundaliya & Associates) was appointed as Scrutinizer by the Board of Directors at their meeting held on August 14, 2026. The scrutinizer verified the remote e-voting and e-voting during the AGM, downloaded results from NSDL platform, and confirmed the voting process was conducted fairly and transparently.

Compliance Confirmation

The company confirmed compliance with:

  • Sections 108 and 109 of the Companies Act, 2013
  • Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars dated May 05, 2020, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2024/133 dated October 03, 2024

Additional Information

The advertisement for the AGM was published on September 9, 2026 in Free Press Journal (English) and Navshakti (Marathi) newspapers. The notice was hosted on the company website and uploaded on BSE and NSE websites.