All resolutions passed with requisite majority at 16th AGM; voting results shared

All resolutions at the 16th AGM (September 30, 2026) passed with requisite majority.

Thu 1 Oct 2026

AGM Date

16th AGM held on September 30, 2026

Resolutions Passed

All resolutions passed with requisite majority; Ordinary items 1, 2, 14, 15 and Special items 3, 4 to 13 passed

Votes in Favour (Financial Statements)

6,995,939 votes in favour, being 100% of the valid votes cast

Remote E-Voting Participation

24 members voted through remote e-voting

Invalid Votes (Section 185 Loan Resolutions)

66,36,000 votes of 7 members declared invalid; 3,59,939 votes in favour, 100% of valid votes cast

All resolutions passed

The company shared the voting results and the scrutinizer's report for its 16th Annual General Meeting, held on Wednesday, September 30, 2026 at 11:00 A.M. through video conferencing. Every resolution set out in the notice of the meeting was passed by the members with the requisite majority.

How members voted

• 36 members were present at the AGM, and 2 members cast their votes at the meeting.
• 24 members cast their votes through remote e-voting, which was open from Saturday, September 26, 2026 at 9:00 am to Tuesday, September 29, 2026 at 5:00 pm.
• The notice and 16th Annual Report were sent by email to 2521 members who had registered their email ids.

Item-wise numbers

• On the ordinary resolutions to adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026, 24 members cast 6,995,939 votes in favour, being 100% of the valid votes cast. No votes were cast against and none were declared invalid.
• On the special resolutions to approve loans to Progota India Private Limited, Concord Lab To Market Innovations Private Limited and Fusion Electronics Private Limited under Section 185 of the Companies Act, 2013, 17 members cast 3,59,939 votes in favour, being 100% of the valid votes cast. Votes of 7 members, totalling 66,36,000 votes, were declared invalid on these items.
• The other special resolutions each received 6,995,939 votes in favour, being 100% of valid votes cast: re-appointment of Mr. Govind Prasad Lath (DIN: 00272007), a director liable to retire by rotation; overall borrowing limits under Section 180(1)(c); creation of mortgages, charges or other encumbrances on the assets of the company under Section 180(1)(a); limits for loans and investments under Section 186; amendment of the Main Object Clause of the Memorandum of Association; and appointment of Ms. Anuradha Garg (DIN: 10640310) as an Independent Director.

The scrutinizer's role

Mr. Amit Gupta of M/s. Amit Gupta & Associates, Practising Company Secretary, was appointed as scrutinizer for the remote e-voting and for the voting at the meeting, and Bigshare Services Private Limited provided the e-voting platform. The report records the process followed and confirms that the ordinary resolutions in items 1, 2, 14 and 15, and the special resolutions in items 3 and 4 to 13, were passed with the requisite majority.

How to read this

A voting result is a record of shareholder approvals and does not by itself change the company's operations or earnings. What the members approved here includes loans to the three named companies, and limits for borrowing, for loans and investments, and for creating encumbrances on the assets of the company. On the loan-related special resolutions, 66,36,000 votes were declared invalid, and the resolutions were still carried with 100% of the valid votes cast.

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