Contil India Ltd has finalized the voting results for its 32nd Annual General Meeting (AGM), held on September 29, 2026. The company submitted the Combined Scrutinizer's Report to BSE on October 1, 2026, confirming that all three proposed resolutions were passed unanimously.

The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) from 11:30 am to 11:45 am. A total of 60 shareholders participated via VC, comprising three from the promoter group and 57 public shareholders. No shareholders attended in person or through proxy. The record date for identifying eligible voters was September 18, 2026, with a total of 6,673 shareholders on the register.

Voting outcomes on key agenda items

The scrutinizer, CS Ashok Shelat of Ashok Shelat & Associates, certified the results. Promoters held 64,33,905 shares and public non-institutions held 90,38,095 shares. Public institutions held no shares. The voting pattern showed overwhelming support for management proposals, with zero votes cast against any resolution.

Resolution 1: Adoption of financial statements

The ordinary resolution to adopt the audited Profit and Loss Account and Balance Sheet for FY26 received 64,40,223 votes in favour. This represented 41.63% of the total outstanding share capital of 15,472,000 shares. Promoters voted their entire holding, while public non-institutional shareholders cast 6,318 votes.

Resolution 2: Reappointment of Managing Director

Krishna Contractor, Chairman and Managing Director, was reappointed as a director retiring by rotation. Although promoters were interested in this resolution, they abstained from voting on their full holding, casting only 36,56,650 votes (56.83% of their stake). Public non-institutional shareholders again voted 6,318 shares in favour. The total votes polled were 36,62,968, representing 23.67% of outstanding capital, all in favour.

Resolution 3: Reappointment of Independent Director

Devandh Gopal Barot was reappointed as an Independent Director under a special resolution. Promoters voted their entire holding of 64,33,905 shares in favour. Combined with public votes, the total favourable count stood at 64,40,223, identical to the first resolution, indicating consistent participation levels across non-interested items.

Directors and key managerial personnel present

Five directors and one key managerial personnel attended the meeting virtually from various locations, including the registered office in Vadodara, Ahmedabad, Kutch, and the USA.

What the Numbers Show

The voting data reveals a stark concentration of power and low public participation. While promoters hold 41.6% of the equity, they voted 100% of their stake on two out of three items. In contrast, public non-institutional shareholders, who hold nearly 58% of the equity (90,38,095 shares), voted only 6,318 shares across all resolutions. This represents a mere 0.07% of their total holding, highlighting significant apathy or logistical barriers for retail investors despite the availability of e-voting facilities.

Contil India has scheduled its 32nd Annual General Meeting for Tuesday, September 29, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with recent regulatory circulars.

The company notified BSE Limited on September 7, 2026, regarding the submission of the meeting notice. Electronic copies of the notice and the Annual Report for the financial year ended March 31, 2026, were emailed to shareholders with registered email IDs.

Agenda Items

The ordinary business includes receiving and adopting the audited balance sheet as at March 31, 2026, along with the profit and loss statement, cash flow statement, and reports from the Board of Directors and Auditors.

Shareholders will also vote on the following director appointments:

• Reappointment of Mr. Krishna Contractor, who retires by rotation under Section 152(6) of the Companies Act 2013.
• Reappointment of Mr. Devandh Gopal Barot as an Independent Director for a five-year term effective from February 10, 2026.

The appointment of Mr. Barot requires a special resolution, approved by the Nomination and Remuneration Committee and the Board of Directors.