Growington Ventures India Limited held its 16th Annual General Meeting on July 15, 2026, via video conferencing, adopting the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The meeting approved the re-appointment of Mr. Vikram Bajaj, who retires by rotation, and the statutory auditors. Shareholders also sanctioned the appointment of Mr. Lokesh Patwa as Whole Time Director and Mr. Ankit Jalan as Independent Director, alongside an increase in overall managerial remuneration.

The voting results, disclosed on July 16, 2026, confirmed that all six resolutions were passed with the requisite majority. The remote e-voting process was conducted by the National Securities Depository Limited (NSDL), with Mr. Santosh Kumar Singh of M/s Santosh Singh & Associates serving as the Scrutinizer. The record date for determining shareholder eligibility was July 8, 2026.

Voting Summary

The resolutions covered ordinary and special business items. The total number of votes polled across all resolutions was approximately 148.9 million, representing 23.2% of the outstanding shares. Promoter group participation was 100% through e-voting, while public non-institutional shareholders accounted for the remaining votes.

Procedural Details

The meeting commenced at 09:45 A.M. and concluded at 10:16 A.M. The Chairman, Mr. Vikram Bajaj, chaired the proceedings. The meeting was conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. The results of the remote e-voting and the scrutinizers' report have been uploaded to the company's website.

Growington Ventures India Limited reported a 38.81% increase in standalone net profit to ₹341.27 lakh for the financial year ended March 31, 2026, compared to ₹245.85 lakh in the previous year. Consolidated profit after tax surged 86.64% to ₹462.33 lakh from ₹247.71 lakh in the prior year. The company’s total standalone revenue from operations rose 107.13% to ₹12,652.97 lakh, while consolidated revenue increased 107.56% to ₹13,183.38 lakh.

The board has scheduled the 16th Annual General Meeting for July 15, 2026, at 09:45 A.M. through video conferencing. Shareholders will consider the adoption of audited financial statements for FY26, the re-appointment of Mr. Vikram Bajaj as a director, and the re-appointment of statutory auditors. Special business includes the appointment of Mr. Lokesh Patwa as Whole Time Director and Mr. Ankit Jalan as an Independent Director, along with approvals for managerial remuneration.

The Register of Members and Share Transfer Books will remain closed from July 9, 2026, to July 15, 2026, for the AGM. The cut-off date for determining voting rights for remote e-voting is July 8, 2026. The remote e-voting period begins on July 12, 2026, at 09:00 A.M. and ends on July 14, 2026, at 05:00 P.M.

Financial Performance

The company’s Profit Before Tax (PBT) for the standalone entity increased 24.66% to ₹467.91 lakh, while consolidated PBT grew 56.13% to ₹588.97 lakh. The board has decided not to recommend any dividend for the financial year 2025-26 to preserve resources for future expansion plans.

Capital Structure and Rights Issue

During the year, the company increased its paid-up share capital from ₹16,05,53,940 to ₹64,22,15,760 through a rights issue. The company raised ₹4,816.62 lakh via the issue of 48,16,61,820 fully paid-up equity shares at ₹1 per share. The proceeds were utilized for working capital requirements and general corporate purposes. The statutory auditors, M/s D K Chhajer & Co., confirmed that the funds were applied for the stated objectives without deviation.