Indo-MIM Limited has released the consolidated scrutinizer's report for its 30th Annual General Meeting held on September 22, 2026. All six proposed resolutions were passed, though significant dissent was recorded from institutional shareholders regarding employee stock option plan modifications.

The meeting, chaired by Krishna Chivukula, saw participation from 208 members via video conferencing. The company adopted audited standalone and consolidated financial statements for FY26 and approved the re-appointment of Raj Chivukula as a director. Voting results were submitted to exchanges on September 23, 2026, pursuant to SEBI (LODR) Regulations, 2015.

Resolution outcomes and voting patterns

The agenda included ordinary business such as financial adoption and director re-appointment, alongside special business items focused on governance and compensation structures. While promoter group support remained unanimous across all items, public institutions displayed varying levels of approval, particularly on ESOP-related special resolutions.

Institutional dissent on ESOP extensions

The most notable divergence occurred during the voting on the ratification of extending ESOP 2024 benefits to employees of subsidiary, associate, or holding companies. Public institutions cast 81.07% of their votes against this resolution, contributing to an overall opposition rate of 11.07% for the item. Similarly, on the modification and ratification of the existing ESOP 2024 plan, institutions voted against it with 40.30% of their total polled votes, resulting in a total opposition of 5.50%.

In contrast, non-institutional public shareholders largely supported these measures, with opposition rates below 0.2% for both ESOP-related resolutions. The promoter group voted unanimously in favour of all six resolutions, holding approximately 77.6% of the total shares polled.

Governance and procedural compliance

The meeting complied with regulatory norms for virtual general meetings, with no physical attendance required. Remote e-voting was facilitated by MUFG Intime India Private Limited from September 19 to September 21, 2026. The scrutinizer, Mr. Surjya Narayan Mishra of M/s. SNM & Associates, certified the fairness and transparency of the voting process.

Krishna Chivukula Jr., Whole-time Director and CEO, presented the business overview, while Santosh Kumar Dash, Company Secretary, outlined procedural compliance with the Companies Act, 2013. Ten registered members raised questions, which were addressed by Parasuraman Balasubramanian, Chief Financial Officer. The company confirmed no qualifications or adverse remarks were noted in statutory or secretarial audit reports.

Indo-MIM Limited has scheduled meetings with analysts and institutional investors on September 9 and September 11, 2026.

Meeting details

The company announced two engagement sessions under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meetings provide an opportunity for the investment community to interact with company officials based on publicly available information.

Schedule

The first session is an Institutional Investor Meet scheduled for Wednesday, September 9, 2026, at 12:30 pm in Bengaluru. It will be conducted through individual or group physical meetings.

The second session is the Axis Capital Consumer & Technology Conference 2026, scheduled for Friday, September 11, 2026, at 10:00 am in Mumbai. This will also involve individual or group physical meetings with investors.