Olatech Solutions declared the voting results for its 12th Annual General Meeting (AGM) held on September 30, 2026. All six resolutions proposed in the notice were duly passed with the requisite majority, confirming shareholder approval for key governance and financial matters.

Voting Outcome and Participation

The meeting saw participation from five shareholders present in person or through proxy. The total number of shares on the record date was 44,50,550. For the ordinary resolutions, including the adoption of audited standalone and consolidated financial statements for FY26, promoters and promoter group members cast 27,45,030 votes in favor. Public non-institutional shareholders contributed 1,82,230 votes in favor. No votes were cast against any of these resolutions.

For the special resolution regarding the regularization of Ms. Amrita Singh’s appointment as an executive director, the voting pattern remained consistent with other non-related party items, securing unanimous support from those who voted.

Related Party Transactions and Exclusions

Shareholders approved material related party transactions with Zumra Infra Services Private Limited and Olatech Digital Solutions Private Limited (subsidiary). In accordance with regulatory norms, promoter and promoter group members abstained from voting on these specific resolutions as they were deemed interested parties. Consequently, their votes were treated as invalid or not counted for these agenda items.

The approvals relied solely on the votes cast by public non-institutional shareholders, totaling 1,82,230 shares, all of which were in favor. This highlights the dependency on minority shareholder consent for related-party approvals when promoter interest is disclosed.

Governance Changes and Auditor Appointment

The AGM ratified several governance changes approved during the meeting:

• Appointment of Naved Iqbal (DIN 06685505) as a non-executive director, liable to retire by rotation.
• Regularization of Amrita Singh (DIN 08545132) as a director (executive), along with the fixation of her remuneration.
• Appointment of Manoj Agrawal & Co., Chartered Accountants, to fill the casual vacancy caused by the resignation of Sachin & Associates, Chartered Accountants.

The scrutinizer’s report, prepared by Nikunj Kanabar & Associates, confirmed that no qualifications or observations were made by the auditors in their report for the year ended March 31, 2026. The results were communicated to the stock exchanges and uploaded to the company’s website.

Olatech Solutions confirmed the details for its 12th annual general meeting (AGM), scheduled for Wednesday, September 30, 2026. The company has opened remote e-voting for shareholders holding shares as on the cut-off date of Wednesday, September 23, 2026. The voting window runs from September 27 to September 29, 2026.

The AGM will be held at 3:30 pm at the company’s registered office in Navi Mumbai. Shareholders can cast their votes electronically using the platform provided by National Securities Depository Limited (NSDL). Those who have already voted remotely may attend the meeting but cannot vote again. Members attending physically who have not voted remotely can use ballot papers.

Financial Performance

Standalone revenue from operations increased to ₹2,660.05 lakh in FY26 from ₹2,104.09 lakh in FY25. Total income stood at ₹2,711.74 lakh, driven by higher operational revenue and other income of ₹51.70 lakh.

Profit before tax fell significantly to ₹225.52 lakh compared to ₹551.48 lakh in the prior year. This decline was primarily due to a sharp rise in finance costs, which jumped to ₹139.47 lakh from ₹21.35 lakh, and an increase in employee benefit expenses to ₹745.09 lakh. Consequently, net profit dropped to ₹168.76 lakh. Basic earnings per share were ₹3.79, down from ₹9.68 in FY25.

Auditor and Director Appointments

Ms. Amrita Singh (DIN: 08545132) was appointed as an additional executive director effective September 4, 2026. She brings over six years of experience in management and business analysis. Her appointment is subject to shareholder approval at the AGM. The filing notes she is the wife of Managing Director Mr. Amit Kumar Singh and daughter-in-law of CFO Mr. Sher Bahadur Singh.

M/s Manoj Agrawal & Co., Chartered Accountants (FRN: 004796C), was appointed as statutory auditor to fill the casual vacancy caused by the resignation of M/s Sachin & Associates. The board also recommended a five-year term for the firm from FY2026-27 to FY2030-31, pending shareholder approval under Section 139 of the Companies Act, 2013.

AGM Details and Agenda

Key agenda items include:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. Naved Iqbal as Non-Executive Director.
• Approval of material related party transactions with M/s Zumra Infra Services Private Limited up to ₹5 crore for FY27.
• Approval of related party transactions with subsidiary M/s Olatech Digital Solutions Private Limited up to ₹5 crore for FY27.
• Regularization of Ms. Amrita Singh’s appointment as Executive Director with remuneration up to ₹9 lakh per annum.