Summary of 34th AGM Proceedings; 4 Resolutions Transacted Including Preferential Issue

34th AGM held on Sept 28, 2026 via video conferencing, attended by 44 members.

Mon 28 Sep 2026

AGM Date

September 28, 2026

Attendance

44 members

Preferential Share Issuance

6,55,000 equity shares to Katra Holding Private Limited

Resolutions Transacted

4 items: FY26 accounts adoption, re-appointment of Mr. Ramesh Vangal, cost auditor remuneration ratification, and preferential equity…

What was shared

The company informed the exchange about the proceedings of its 34th Annual General Meeting, held on Monday, September 28, 2026 at 11:00 A.M. through video conferencing / other audio-visual means, concluding at 12:35 PM.

Attendance

• 44 members (including authorised representatives) attended through VC or OAVM.
• Directors present included the Chairman Mr. Ramesh Vangal, Whole Time Director Dr. K. Anil Kumar, and the Independent Directors chairing the Audit and Nomination & Remuneration Committees.
• The CEO, CFO, Company Secretary, Statutory Auditor, Secretarial Auditor, Scrutinizer and the RTA were in attendance.

Business transacted

• Adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026, with Auditors' and Board's Reports (Ordinary).
• Re-appointment of Mr. Ramesh Vangal, who retired by rotation and offered himself for re-appointment (Ordinary).
• Ratification of remuneration payable to M/s. SLR & Associates, Kochi, Cost Auditors (Ordinary).
• Issuance of 6,55,000 equity shares on a preferential basis to Katra Holding Private Limited, part of the promoter group, by partially adjusting the existing unsecured loan of the company (Special).

Other points noted

The Company Secretary stated that qualifications, observations and remarks made by the Statutory Auditors on the FY2025-26 financial statements, and those in the Secretarial Audit Report, along with management's responses, were disclosed in the Board's Report.

Remote e-voting was offered ahead of the meeting, and members who had not voted earlier could vote at the meeting; the voting line stayed open for a further 15 minutes after the meeting ended.

What happens next

The resolutions' outcomes depend on the scrutinizer's report. The company has said the e-voting results will be intimated separately on or before the due date.

Investors may note that the preferential issue to a promoter group entity converts part of an existing unsecured loan into equity, which reduces borrowings while adding new shares.

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