Dolat Algotech Limited passed all seven resolutions at its 45th Annual General Meeting held on September 29, 2026. The company adopted its audited standalone and consolidated financial statements for FY26 and approved related party transactions. While the resolutions secured requisite majority, institutional shareholders voted against the re-appointment of Managing Director Pankaj D. Shah and remuneration increments for related parties.

The meeting, conducted via Video Conferencing, saw statutory auditors M/s. V. J. Shah & Co cease their tenure upon completion of their second term. The voting results, submitted to BSE and NSE under Regulation 44(3) of SEBI LODR Regulations, 2015, reveal a divergence in voting patterns between promoter groups and public institutions on governance-related items.

Voting Results Breakdown

The promoters and promoter group, holding 131,104,059 shares, voted in favor of the financial statements with near-unanimous support. However, their participation was restricted for items where they were deemed interested parties, such as the re-appointment of Pankaj D. Shah and remuneration approvals for relatives.

For the adoption of standalone and consolidated financial statements (Resolutions 1 and 2), public institutions voted unanimously in favor. In contrast, for the re-appointment of Pankaj D. Shah (Resolution 3), public institutions cast 31,528 votes against compared to 26,639 votes in favor, representing a 54.20% opposition rate from this segment. Despite this, the resolution passed due to overwhelming support from non-institutional public shareholders.

Governance and Auditor Cessation

Mr. Thomas Fernandes, Independent Director, chaired the meeting. The e-voting results were scrutinized by Mr. Dinesh Kumar Deora, Practicing Company Secretary. The Secretarial Audit Report for FY26 contained no qualifications or adverse remarks.

A key governance update is the cessation of statutory auditors M/s. V. J. Shah & Co (Firm Registration No. 109823W). Their tenure concluded on September 29, 2026, following the completion of two consecutive terms as mandated by the Companies Act, 2013. No new auditor appointment was disclosed in this specific filing.

What the Numbers Show

The voting data highlights a distinct split in shareholder sentiment regarding governance versus operational reporting. While public institutions fully endorsed the financial statements and related party transactions (Resolutions 1, 2, 6, and 7), they opposed the re-appointment of the Managing Director and remuneration increments for his relatives (Resolutions 3, 4, and 5). This suggests that while institutional investors accept the company's financial disclosures and transaction structures, they have reservations about the specific leadership continuity and compensation practices involving promoter family members. The opposition from institutions on these three resolutions was consistent, with identical vote counts of 26,639 for and 31,528 against across all three items.

Dolat Algotech Limited has scheduled its 45th Annual General Meeting for Tuesday, September 29, 2026. The meeting will be held via video conferencing or other audio-visual means.

Remote e-voting will commence at 9:00 am on Saturday, September 26, 2026, and end at 5:00 pm on Monday, September 28, 2026. National Securities Depository Limited (NSDL) is facilitating the voting process.

Book Closure and Voting Details

The register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026 (both days inclusive). This closure determines shareholder eligibility for voting at the AGM.

Tuesday, September 22, 2026, is the cut-off date for determining members entitled to avail remote e-voting facilities. Members who cast their votes prior to the AGM can participate in the meeting but cannot vote again on those resolutions.

Shareholder Communication

Dolat Algotech dispatched web-links and QR codes for its FY26 annual report to shareholders without registered email addresses. Physical letters containing access details were sent to shareholders whose email addresses are not registered with the company, Registrar and Share Transfer Agent (RTA), or depository participants. The specimen letter was dated September 3, 2026.

The company reminded shareholders holding physical shares without updated KYC details—including PAN, contact details, mobile number, bank account details, and specimen signature—that dividend payments will only be processed electronically upon furnishing these details to Purva Sharegistry (India) Pvt. Ltd. This follows SEBI master circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024, and circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 dated June 10, 2024.

Additionally, the company encouraged investors to provide a choice of nomination to ensure smooth transmission of securities, as per SEBI circular no. SEBI/HO/MIRSD/POD-1/P/CIR/2024/81. Formats for nomination and KYC updation are available on the company’s investor relations website and the RTA’s portal.

Sandeepkumar G. Bhanushali, Company Secretary and Compliance Officer, digitally signed the submission from the company's Mumbai office on September 5, 2026. The filing was made pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.