INOX India EOGM Results: Both Resolutions Approved with Strong Shareholder Support

INOX India Limited successfully conducted its Extra Ordinary General Meeting (EOGM) on March 26, 2026, through video conferencing, with both key resolutions receiving overwhelming shareholder approval as confirmed by the scrutinizer's report.

Meeting Overview and Attendance

The EOGM was conducted from 12:00 noon to 12:12 PM through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI regulations. The meeting was chaired by Mr. Pavan Jain, Non-Executive Director, with comprehensive board attendance including independent and non-independent directors.

Parameter:	Details
Meeting Date:	March 26, 2026
Duration:	12:00 noon to 12:12 PM
Mode:	Video Conferencing/OAVM
Chairman:	Mr. Pavan Jain, Non-Executive Director
Total Shareholders:	1,42,605
VC Attendees:	44 (38 Public + 6 Promoter)

Voting Results and Shareholder Participation

Mr. Suresh Kabra, Practicing Company Secretary (CP: 9927), served as the scrutinizer and submitted his consolidated report on March 26, 2026. The voting process included remote e-voting from March 23-25, 2026, and e-voting during the meeting.

Resolution 1: Director Continuation (Special Resolution)

The continuation of Mr. Pavan Kumar Jain (DIN: 00030098) as Non-Executive, Non-Independent Director and Chairman post 75 years received strong approval.

Category:	Shares Held	Votes Polled	Polling %	In Favour	Against	Approval %
Promoter Group:	68,072,625	68,072,625	100.00%	68,072,625	0	100.00%
Public Institutions:	13,493,173	12,198,301	90.40%	12,156,275	42,026	99.66%
Public Non-Institutions:	9,197,702	883,134	9.60%	882,983	151	99.98%
Total:	90,763,500	81,154,060	89.41%	81,111,883	42,177	99.95%

Resolution 2: Related Party Transactions (Ordinary Resolution)

Approval for material related party transactions with INOX Air Products Private Limited up to Rs. 175 crores for FY 2025-26 achieved unanimous support from voting shareholders.

Category:	Shares Held	Votes Polled	Polling %	In Favour	Against	Approval %
Promoter Group:	68,072,625	0	0.00%	0	0	0.00%
Public Institutions:	13,493,173	12,198,301	90.40%	12,198,301	0	100.00%
Public Non-Institutions:	9,197,702	596,134	6.48%	596,031	103	99.98%
Total:	90,763,500	12,794,435	14.10%	12,794,332	103	100.00%

Regulatory Compliance and Documentation

The meeting was conducted under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive e-voting facilities through CDSL platform, ensuring maximum shareholder participation and transparency.

The scrutinizer's report confirmed that all voting procedures were conducted in accordance with Section 108 of the Companies Act, 2013, and relevant MCA circulars. Voting results have been made available on the company website at www.inoxcva.com and CDSL website at www.evotingindia.com , ensuring complete disclosure to all stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.25%	+0.79%	+4.65%	-0.95%	+16.17%	+27.52%

Inox India has outlined an aggressive growth strategy, setting ambitious revenue targets that reflect the company's confidence in its market positioning and expansion capabilities. The industrial gas and cryogenic equipment manufacturer is targeting substantial revenue growth across multiple business segments.

Revenue Growth Trajectory

The company has established clear financial milestones for the upcoming fiscal years, demonstrating a structured approach to business expansion.

Parameter:	Target Amount
FY25 Revenue:	₹1,350 crore
FY26 Revenue Target:	₹1,600 crore
Long-term Target:	₹2,000 crore within 2 years
Annual Growth Rate:	18-20%

Semiconductor Division Expansion

The semiconductor division emerges as a significant growth catalyst for Inox India, with the Co CEO highlighting strategic expansion plans. The division is poised for substantial growth through new plant establishments, focusing on specialized ultra high-purity gas containers.

Semiconductor Division:	Details
Expected Contribution:	₹80-100 crore
Growth Driver:	Ultra high-purity gas containers
Strategy:	New plant expansions

Strategic Growth Framework

The company's growth strategy centers on achieving consistent annual growth rates of 18-20%, positioning it to reach the ₹2,000 crore revenue milestone within two years. This ambitious target reflects Inox India's confidence in market demand and its operational capabilities across various industrial segments.

The semiconductor division's contribution of ₹80-100 crore through ultra high-purity gas containers represents a strategic focus on high-value, specialized products that cater to the growing semiconductor manufacturing sector. This positioning aligns with the increasing demand for precision industrial gases in technology manufacturing processes.