Oval Projects Engineering Limited shareholders unanimously approved all seven resolutions passed at the company's 13th Annual General Meeting (AGM), held on September 29, 2026. The voting results were officially declared and filed with the stock exchanges on October 1, 2026.

The meeting, conducted via video conferencing, saw the adoption of standalone and consolidated audited financial statements for the financial year ended March 31, 2026. Shareholders also ratified the re-appointment of Sneha Banik as director and the declaration of a final dividend for FY26.

Governance and attendance details

The AGM commenced at 3:37 pm and concluded at 4:20 pm. All directors attended through video conferencing or other audio-visual means (OAVM). The board included Goutam Debnath (Chairman Cum Managing Director), Khitish Kumar Nayak (Independent Director), Tarun Malik (Independent Director), Himangshu Mahawar (Non-executive Non-Independent Director), and Sneha Banik (Whole-time Director).

Key officials present included Princee Premchand Gupta (CFO), Nisha Kashyap (Company Secretary & Compliance Officer), Rahul Singh (Internal Auditor), Krishna Kumar Singh (Secretarial Auditor & Scrutinizer), and Tarun Kapoor (Statutory Auditor). The statutory and secretarial auditors provided unqualified reports without any observations or remarks.

Voting participation and results

As of the record date of September 22, 2026, the company had 515 registered shareholders. Voting was conducted via remote e-voting from September 26 to September 28, 2026, and live e-voting during the AGM. The following table details the shareholder participation:

The scrutinizer's report confirmed that all resolutions received a 100% majority in favor among votes polled. For the material related party transaction resolution, promoter votes were excluded from the result calculation as per regulatory norms, with public shareholders casting all valid votes.

Resolutions passed

Shareholders approved seven resolutions, comprising ordinary and special business items:

• Adoption of Financial Statements: Approval of standalone and consolidated audited financial statements for FY26, along with Board and Auditor reports.
• Director Appointment: Re-appointment of Sneha Banik, who retired by rotation.
• Dividend Declaration: Declaration of final dividend on equity shares for FY26.
• Enhanced Borrowing Limit: Approval to enhance borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Creation of Mortgage: Approval under Section 180(1)(A) for creating mortgages or charges on company assets and undertakings.
• Loans and Investments: Approval of thresholds for loans, guarantees, securities, and investments under Section 186 of the Companies Act, 2013.
• Related Party Transaction: Approval of material related party transactions.

Krishna Kumar Singh, Proprietor of M/s KKS & Associates, served as the scrutinizer. Results of the e-voting have been disseminated to stock exchanges and uploaded on the company website.

Oval Projects Engineering has fixed Tuesday, September 22, 2026, as the record date to determine shareholder entitlement for the final dividend for FY26. The company will hold its 13th annual general meeting (AGM) on September 29, 2026.

The board previously convened on September 3, 2026, to consider dividend recommendations and approve the draft notice for the meeting. In line with SEBI regulations, the trading window for designated persons and their immediate relatives remained closed until 48 hours after the board meeting concluded. The company published the notice for the 13th AGM in "North East Colors" and "Syandan Patrika" newspapers on September 8, 2026.

Meeting Details

The 13th AGM is scheduled to take place on Tuesday, September 29, 2026, at 3:00 pm IST. The event will be conducted via video conferencing or other audio-visual means. Members attending through video conferencing will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

Remote e-voting will commence at 9:00 am IST on Saturday, September 26, 2026, and end at 5:00 pm IST on Monday, September 28, 2026. Shareholders holding shares as on the cut-off date of September 22, 2026, are eligible to vote.

Agenda and Compliance

The board meeting agenda included consideration of the proposed dividend recommendation and approval of the draft notice for the AGM. The Notice of the AGM along with the Integrated Annual Report 2025-26 will be sent electronically to members with registered email addresses. For members without registered email addresses, a letter containing the weblink and QR code will be sent. This information is also available on the company website.

Dividend and Record Date

Pursuant to the Finance Act, 2020, dividend income is taxable in the hands of shareholders with effect from April 1, 2020. The final dividend will be paid after deduction of tax at source (TDS) in accordance with the Income-tax Act, 1961. Payment will be made only through electronic mode as per SEBI mandates.

Members holding shares in dematerialized form are advised to update their bank account details with their respective Depository Participants. Physical shareholders should submit bank particulars to the RTA, M/s Mas Services Limited.