All five resolutions passed at 33rd AGM, including borrowing and mortgage limits
At the 33rd AGM held on 29 September 2026, all 5 resolutions were passed.
- AGM Date
- 29 September 2026
- Resolutions Passed
- All 5 resolutions passed
- Votes Polled (Main Resolutions)
- 4831777 votes (27.89% of outstanding shares)
- Votes in Favour (Main Resolutions)
- 4831750 (99.99%)
- Total Shares Outstanding
- 17321898
What happened
The 33rd Annual General Meeting was held on 29 September 2026 at 11.00 a.m. through video conferencing, and concluded at 11.52 a.m. All business in the AGM notice was transacted and approved with requisite majority.
Resolutions passed
- Adoption of audited financial statements for the year ended 31 March 2026 (Ordinary)
- Appointment of a Director in place of Mr. Syed Mohamed Mohsin, who retired by rotation (Ordinary)
- Approval of related party transactions (Special)
- Approval of overall borrowing limits of the Board u/s 180(1)(c) (Special)
- Approval u/s 180(1)(a) for creation of mortgage or charge on assets, properties or undertakings (Special)
Voting pattern
Total shares outstanding were 17321898, of which promoter and promoter group held 12794780, institutional public 36099 and non-institutional public 4491019.
For four of the resolutions, 4831777 votes were polled, i.e. 27.89% of outstanding shares, with 4831750 in favour (99.99%) and 27 against (0.01%).
On the related party transactions resolution, the promoter and promoter group were interested and did not vote. Only 52518 votes were polled, i.e. 1.12% of outstanding shares, with 52491 in favour (99.95%) and 27 against (0.05%).
Participation
There were 4066 shareholders on the record date of 22 September 2026. 29 shareholders voted through e-voting — 3 promoter and promoter group members holding 4779259 shares and 26 public shareholders holding 52518 shares. No votes were declared invalid.
Scrutinizer
The scrutinizer's report by Mr. Ashok Kumar Tripathy, Company Secretary in Practice, dated 30 September 2026, confirmed that all resolutions were passed.
What it means for investors
This is a routine post-AGM disclosure of voting outcomes. The approvals for borrowing limits and for creating mortgage or charge on assets give the Board headroom to raise secured debt, subject to the limits authorised.
More numbers
- Total shares outstanding17321898
- Promoter & promoter group shares held12794780
- Public institutional shares held36099
- Public non-institutional shares held4491019
- Total votes polled (Resolutions 1,2,4,5)4831777
- Votes polled as % of outstanding shares27.89
- Votes in favour (Resolutions 1,2,4,5)4831750
- Votes against27
- % votes in favour99.99
- Votes polled on related party resolution as % of outstanding1.12
- Shareholders on record date4066
- Shareholders who voted through e-voting29
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