Meeting Details

  • Date of AGM: Friday, August 7, 2026
  • Record Date: July 31, 2026
  • Total Shareholders on Record Date: 94,890
  • Shareholders Present/Proxy: 71 total (7 Promoters and Promoter Group, 64 Public)
  • Video Conferencing Attendance: Not Applicable for both Promoters and Public categories

Proposed Resolutions and Implications

Ordinary Business

1. Item No. 1: Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, along with Board of Directors and Auditors' reports

2. Item No. 2: Re-appointment of Dr. Santosh Sundararajan (DIN: 00015229) as Director liable to retire by rotation

Special Business

3. Item No. 3: Ratification of remuneration of Cost Auditors for financial year ending March 31, 2027

4. Item No. 4: Re-appointment of Mr. Sankaramahalinlam Balasubramaoian (DIN: 06622735) as Non-Executive Independent Director (Special Resolution)

5. Item No. 5: Appointment of Mr. Divya Maneklal Shah (DIN: 11707687) as Non-Executive Independent Director for 5 years effective May 15, 2026, with continuation upon attaining age 75 (Special Resolution)

6. Item No. 6: Approval of Material Related Party Transactions with Vascon Developers LLP

Voting Process and Methods

The voting process included:

  • Remote e-voting: Conducted through KFin Technologies Limited from August 3, 2026 (9:00 AM IST) to August 6, 2026 (5:00 PM IST)
  • Physical polling: Conducted at the AGM venue on August 7, 2026
  • Advertisement: Published in Financial Express (English) and Loksatta (vernacular) on July 17, 2026
  • Scrutinizer: Amit Jaste of Amit Jaste & Associates, Practising Company Secretaries, appointed by the Board on May 11, 2026

Key Voting Outcomes

Overall Participation

  • Total Votes Cast: 87,919,918 shares (37.9461% of total paid-up capital)
  • Total Shareholders Voting: 139

Resolution-wise Results

Resolution 1 (Ordinary - Financial Statements Adoption)
  • Total Votes: 87,919,918 shares
  • In Favor: 87,918,227 votes (99.9981%)
  • Against: 1,691 votes (0.0019%)
  • Abstained: 34,980 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor)
  • Public-Institutions: 372,678 votes (100% in favor, 34,830 abstained)
  • Public-Non Institutions: 17,154,995 votes (99.9901% in favor, 0.0099% against)
Resolution 2 (Ordinary - Director Re-appointment)
  • Total Votes: 87,954,748 shares (37.9611% of capital)
  • In Favor: 87,931,962 votes (99.9741%)
  • Against: 22,786 votes (0.0259%)
  • Abstained: 150 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor)
  • Public-Institutions: 407,508 votes (100% in favor)
  • Public-Non Institutions: 17,154,995 votes (99.8672% in favor, 0.1328% against, 150 abstained)
Resolution 3 (Ordinary - Cost Auditor Remuneration)
  • Total Votes: 87,954,748 shares
  • In Favor: 87,942,657 votes (99.9863%)
  • Against: 12,091 votes (0.0137%)
  • Abstained: 150 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor)
  • Public-Institutions: 407,508 votes (100% in favor)
  • Public-Non Institutions: 17,154,995 votes (99.9295% in favor, 0.0705% against, 150 abstained)
Resolution 4 (Special - Independent Director Re-appointment)
  • Total Votes: 87,954,748 shares
  • In Favor: 87,942,657 votes (99.9863%)
  • Against: 12,091 votes (0.0137%)
  • Abstained: 150 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor)
  • Public-Institutions: 407,508 votes (100% in favor)
  • Public-Non Institutions: 17,154,995 votes (99.9295% in favor, 0.0705% against, 150 abstained)
Resolution 5 (Special - New Independent Director Appointment)
  • Total Votes: 87,954,748 shares
  • In Favor: 87,942,647 votes (99.9862%)
  • Against: 12,101 votes (0.0138%)
  • Abstained: 150 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor)
  • Public-Institutions: 407,508 votes (100% in favor)
  • Public-Non Institutions: 17,154,995 votes (99.9295% in favor, 0.0705% against, 150 abstained)
Resolution 6 (Ordinary - Related Party Transactions)
  • Promoter Interest: Yes
  • Total Votes: 87,954,748 shares
  • In Favor: 87,527,879 votes (99.5147%)
  • Against: 426,869 votes (0.4853%)
  • Abstained: 150 votes
  • Category Breakdown:
  • Promoters & Promoter Group: 70,392,245 votes (100% in favor) - treated as invalid per SEBI Regulation 23(4)
  • Public-Institutions: 407,508 votes (0.8135% in favor, 99.1865% against)
  • Public-Non Institutions: 17,154,995 votes (99.8678% in favor, 0.1322% against, 150 abstained)

Scrutinizer's Role and Findings

Amit Jaste of Amit Jaste & Associates was appointed scrutinizer for both remote e-voting and venue voting processes. Key findings:

  • KFin Technologies served as e-voting service provider and Registrar & Share Transfer Agent
  • Remote e-voting period: August 3-6, 2026 (9:00 AM to 5:00 PM IST)
  • Physical ballot boxes were locked after polling and opened in the presence of witnesses
  • All voting records remain under scrutinizer's custody until minutes are approved
  • Confirmed compliance with Section 108 & 109 of Companies Act, 2013 and Rule 20 & 21 of Companies (Management and Administration) Rules, 2014

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 44)
  • Companies Act, 2013 and relevant rules
  • SEBI Regulation 23(4) for related party transactions (invalidating votes from interested parties)

Additional Information

  • Company CIN: L70100PN1986PLC175750
  • Scrutinizer Address: Office 0312, 6th Floor, The Platina, Tanvi Complex, S.V. Road, Andheri East, Mumbai-400068