Tipco Engineering India Limited shareholders passed all six resolutions at the company's 5th Annual General Meeting on September 22, 2026, with 100% votes in favour across every agenda item.

AGM overview and shareholder participation

The meeting was held via video conferencing, commencing at 1:00 pm and concluding at 1:24 pm. As on the record date of September 15, 2026, the company had 943 total shareholders. Two promoter and promoter group members participated in person or through proxy, while six public shareholders attended via video conferencing. A total of six resolutions were put to vote. Scrutinizer Anu Malhotra of Anu Malhotra & Associates (Membership No. A39971) was appointed by the Board on August 31, 2026, and issued the scrutinizer's report on September 22, 2026. Remote e-voting was conducted through CDSL, running from September 19, 2026 to September 21, 2026.

Remuneration hikes approved

The most material resolution passed involved a doubling of the monthly remuneration ceiling for Mr. Ritesh Sharma, the Chairman and Managing Director. The limit was raised from ₹8,00,000 to up to ₹16,00,000 per month, effective April 1, 2026. A similar proportional increase was approved for Mrs. Sonia Sharma, Whole-Time Director, whose ceiling rose from ₹4,00,000 to ₹8,00,000 per month. Both remuneration resolutions were classified as special resolutions, with the promoter and promoter group excluded from voting given their interest in the agenda.

Auditor and director appointments

Shareholders ratified the appointment of M/s Mittal Vaish & Co., Chartered Accountants, as Statutory Auditors for a term of five years, running from the conclusion of this AGM until 2031. Mrs. Sonia Sharma was re-appointed as Whole-Time Director following her retirement by rotation. The meeting also ratified the remuneration of ₹1,00,000 plus applicable taxes for M/s R Singhal and Associates, Cost Accountants, for FY27.

Voting results summary

All resolutions received 100% votes in favour with zero votes against and zero invalid votes. The table below summarises the agenda items, resolution type, total shares voted, and outcome.

For the two special remuneration resolutions (Resolutions 4 and 5), the promoter and promoter group held zero eligible shares for voting given their interest in the agenda, and all votes were cast by public non-institutional shareholders holding 2,616,466 shares. The scrutinizer's report and voting results have been filed with BSE Limited and published on the company website at www.tipcoengineering.com .

Tipco Engineering shareholders have formally approved a combined ₹117.3 crore capital raise through equity shares and fully convertible warrants. The company declared the voting results of its first extraordinary general meeting held on September 17, 2026, confirming unanimous support for all five resolutions.

The meeting, conducted via video conferencing, saw all proposals pass with 100% of votes cast in favour. Scrutinizer Anu Malhotra & Associates confirmed that out of 946 shareholders on the record date of September 11, 2026, only 10 members participated in the e-voting process. Despite low participation rates relative to the total shareholder base, the promoters and public category investors who voted backed every agenda item without dissent.

Capital Raise Details

The board secured approval for two distinct preferential issuance components:

• Equity Shares: Up to 21,02,400 shares to public category investors at ₹180 per share, aggregating up to ₹37.84 crore.
• Fully Convertible Warrants (FCWs): Up to 44,16,000 FCWs to promoter group and public category investors at ₹180 per warrant, aggregating up to ₹79.49 crore.

Both instruments carry an identical issue price of ₹180, signaling a uniform valuation benchmark for both immediate equity and future conversion rights. The total potential inflow from these issuances stands at ₹117.33 crore. The resolution paves the way for funding expansion in industrial process machinery manufacturing.

Authorized Capital Increase

Shareholders also approved an increase in authorized share capital from ₹25 crore to ₹30 crore. This amendment to Clause V of the Memorandum of Association provides the necessary headroom for the proposed preferential issues and future equity requirements. The resolution passed as an ordinary resolution with full support from the 10 voting shareholders.

Governance Changes

The EGM addressed key governance matters, including:

• Appointment of M/s Mittal Vaish & Co., Chartered Accountants (FRN: 013622N), as statutory auditors to fill the casual vacancy caused by the resignation of M/s Vinay I Aggarwal & Associates effective August 18, 2026.
• Regularization of Mr. Sanjay Kumar (DIN: 08920598) as a non-executive independent director for a five-year term starting April 27, 2026.

Ritesh Sharma, Chairperson and Managing Director, presided over the meeting which concluded at 2:54 pm. The scrutinizer’s report, issued on September 18, 2026, validated the e-voting process conducted via Central Depository Services (India) Limited.