Diligent Media Corporation reported the voting results and scrutinizer's report for its 21st Annual General Meeting (AGM), held on September 25, 2026, via video conferencing. The company disclosed that two ordinary resolutions were passed by shareholders with requisite majority.

The meeting addressed the adoption of annual audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of a director. Remote e-voting facilities were provided through National Securities Depositories Limited (NSDL) in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and MCA circulars.

Meeting proceedings and attendance

The AGM commenced at 12:30 pm (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM). As there was no designated Chairman of the Board, the Directors unanimously elected Mr. Nagendra Bhandari, Executive Director and Chief Financial Officer, to chair the meeting. A total of 48 members attended the meeting virtually.

The following Directors and Key Managerial Personnel were present:

The Statutory Auditor's report on the Audited Financial Statements for the year ended March 31, 2026, contained a qualification, which was read along with Board comments. Similarly, the Secretarial Audit report for the same period contained deviations, which were also addressed with management comments. Mr. Priyadarshan Garg briefed shareholders on business performance and steps taken to improve operations.

Voting participation details

The record date for the meeting was September 18, 2026, with 84,624 shareholders on record. No shareholders attended in person or through proxy, while 7 promoter group members and 41 public shareholders participated via video conferencing. The scrutinizer appointed was Mrs. Mita Pushpal Sanghavi of M P Sanghavi & Associates LLP.

Note: Data above reflects Resolution 1 (Adoption of Financial Statements).

Resolution outcomes

The first resolution sought approval to receive, consider, and adopt the Annual Audited Financial Statements for FY26, along with the Board of Directors' and Auditors' reports. This resolution received overwhelming support, with 99.999% of votes cast in favor. Only 604 votes were cast against the proposal, all from public non-institutional investors.

The second resolution concerned the re-appointment of Mukesh Jindal as Non-Executive Non-Independent Director, liable to retire by rotation. Similar to the first item, this resolution passed with strong backing. Public non-institutional investors cast 2,006 votes against the re-appointment, representing 0.2470% of their total votes polled on this specific item.

What the numbers show

A distinct pattern emerges when comparing institutional versus retail participation. While public institutions voted unanimously in favor of both resolutions, public non-institutional shareholders exhibited slight dissent. In Resolution 1, dissent from non-institutional public shareholders accounted for 0.0744% of their votes polled. In Resolution 2, dissent rose marginally to 0.2470%. Despite this minor divergence in retail sentiment, the massive holding of the promoter group (73,173,769 shares) ensured both resolutions passed comfortably, as their votes constituted the majority of the total votes polled.

Diligent Media Corporation Limited appointed Ms. Aanchal David as an Additional Director and Independent Woman Director for a five-year term effective September 26, 2026. The appointment was approved by the Board on September 25, 2026, subject to shareholder ratification.

The Board meeting, which commenced at 1:45 pm and concluded at 2:00 pm, acted upon the recommendation of the Nomination and Remuneration Committee. Ms. David’s tenure extends through September 25, 2031. She has affirmed that she is not debarred from holding the office of Director by any SEBI order or other authority.

Profile and professional background

Ms. David brings over 17 years of experience in media communication, digital marketing, the education industry, and news and current affairs. Her expertise lies in building cross-sector collaborations aligned with national priorities, strengthening institutional credibility, brand equity, and revenue growth.

Her recent roles include serving as Lead – Projects & Partnerships at the National Book Trust (Ministry of Education), where she secured government projects and curated the national-level Reading India Samvāad 2026 event at Bharat Mandapam. At Edovu Ventures, she drove CSR fundraising and partnerships with the UN and USAID. Earlier positions included Outreach & Communication Specialist at The Cambridge Schools and Coordinator – Communications at Genesis Global School.

Appointment details

Ms. David holds a Post Graduate degree in Mass Communication from Rajendra Prasad Institute of Communication & Management, Mumbai, and a bachelor's degree in economics from Delhi University.