Shareholders of IL&FS Engineering and Construction Company Limited have approved all three ordinary resolutions proposed at its 37th Annual General Meeting (AGM) held on July 31, 2026. The approvals confirm shareholder consent for the company’s financial statements for FY25-26, the reappointment of director Danny Samuel, and the ratification of remuneration for its cost auditors, Narasimha Murthy & Co. The meeting saw a total of 55,440,008 votes polled against an outstanding shareholding of 131,121,078 shares, representing a participation rate of 42.2815%.

The voting process was conducted pursuant to Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44(3) of the SEBI Listing Regulations. The results were declared by Rajib Kumar Routray, Company Secretary & Compliance Officer, on July 31, 2026. All resolutions were passed with overwhelming support from the promoter and promoter group, which holds 55,400,884 shares and voted in favor of every item. Public institutional investors did not participate in the voting.

Resolution Details

The first resolution sought approval for the financial statements for FY25-26 along with the reports of the Board of Directors and Auditors. This ordinary resolution received 55,439,823 votes in favor and only 185 votes against, resulting in a 99.9997% approval rate among votes polled. The promoter group contributed 55,400,884 votes in favor, while public non-institutional shareholders cast 38,939 votes in favor and 185 against.

The second resolution concerned the reappointment of Mr. Danny Samuel (DIN: 02348138), who retires by rotation and is eligible for reappointment as a Director. This resolution also passed with strong majority support, securing 55,439,787 votes in favor and 221 votes against, translating to a 99.9996% approval rate. Similar to the first resolution, the promoter group voted unanimously in favor, while public non-institutional shareholders provided 38,903 votes in favor and 221 against.

The third resolution aimed to ratify the remuneration payable to M/s. Narasimha Murthy & Co., Cost Auditors (Regn. No. 00042), for the financial years 2025-2026 and 2026-2027. This item received identical voting patterns to the first resolution, with 55,439,823 votes in favor and 185 against, achieving a 99.9997% approval rate. The promoter group’s complete support underscores the alignment between controlling stakeholders and the board’s proposals.

What the Numbers Show

The voting data reveals a significant concentration of influence within the promoter and promoter group, which holds 55,400,884 shares out of the total 131,121,078 outstanding shares. With public institutional investors abstaining from voting entirely, the outcome of each resolution was effectively determined by the promoter group’s unanimous support combined with minimal opposition from public non-institutional shareholders. The extremely high approval rates—exceeding 99.99% for all three items—indicate no material dissent from the participating minority shareholders, suggesting broad acceptance of the board’s directives and auditor appointments despite the relatively low overall participation rate of 42.28%.

IL&FS Engineering and Construction Company reported its Q1 revenue at 376M rupees, down from 412M rupees recorded in the same quarter of the previous year. The figures represent a correction to previously disclosed data.

Q1 Revenue Performance

The company's Q1 revenue showed a year-on-year decline, as reflected in the corrected figures. The following table summarises the available revenue comparison:

The updated numbers were issued as a correction, superseding the previously reported figures. No further breakdown of financial metrics, including net profit, expenses, or segment-wise performance, was included in the source data.