Harshdeep Hortico shareholders approved all seven agenda items at its fourth annual general meeting on September 17, 2026, with 12,057,580 votes cast in favour and zero against. The final voting results, filed with the BSE SME Platform on September 19, 2026, confirm a total participation rate of 74.92% of the outstanding shares.

The meeting, chaired by Chairman and Managing Director Hitesh Chunilal Shah, saw the adoption of standalone financial statements for FY26 and the declaration of a final dividend of ₹0.25 per equity share. Statutory auditors confirmed their audit report for the year ended March 31, 2026, contained no qualifications.

Voting Participation Breakdown

The voting process included remote e-voting via NSDL from September 14 to September 16, 2026. A total of 810 shareholders were on record as of September 10, 2026. Only 8 shareholders (3 promoters, 5 public) attended the physical meeting, while all voting was conducted electronically.

Promoter group participation was near-universal at 99.97%, whereas public non-institutional shareholder participation was significantly lower at 7.34%. No institutional investors held shares or voted.

Key Resolutions Passed

All ordinary and special business items were passed unanimously:

• Adoption of audited standalone financial statements for FY26
• Appointment of Megh Hitesh Shah as director liable to retire by rotation
• Declaration of final dividend of ₹0.25 per equity share (2.5%) for FY26
• Approval of remuneration to directors exceeding the overall managerial limit under Section 197 of the Companies Act 2013
• Increase in remuneration and change in designation of Harshit Hitesh Shah from whole-time director to executive director
• Approval of commission inclusion for Chairman and Managing Director Hitesh Chunilal Shah
• Fixation of remuneration for Non-Executive Director Dipti Hitesh Shah

Meeting Details

The AGM was conducted in accordance with the Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations 2015. Dilip Swarnkar & Associates served as the scrutinizer, confirming that all resolutions passed with the requisite majority. The quorum was present at the company’s registered office in Bhiwandi, Maharashtra. Voting results were intimated to stock exchanges and published on the company website.

Counter Cyclical Investments Private Limited increased its stake in Harshdeep Hortico by acquiring 18,000 equity shares through open market transactions on September 8, 2026.

The portfolio manager, acting along with its clients as persons acting in concert, disclosed the acquisition under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The move brings the entity’s total shareholding to 849,000 shares.

Shareholding Details

Prior to this transaction, Counter Cyclical Investments held 831,000 shares, constituting 5.16% of Harshdeep Hortico’s total voting capital. The additional purchase of 18,000 shares represents a 0.11% increase in stake.

The company’s total equity share capital remained unchanged at 16,094,060 shares following the trade. No warrants, convertible securities, or encumbered shares were involved in the transaction.

Regulatory Compliance

The disclosure was submitted to both Harshdeep Hortico Limited and BSE Limited. Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments, signed the filing dated September 9, 2026. The acquirer confirmed it does not belong to the promoter or promoter group of the target company.