Tirupati Sarjan Limited passed all three resolutions proposed at its 31st Annual General Meeting (AGM), held on September 30, 2026, through video conferencing. The company adopted its audited financial statements for FY26 and approved key governance changes, including the regularization of an independent director's appointment.

The meeting was conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, utilizing electronic voting exclusively due to the virtual format. No physical presence or proxy voting was applicable, as the entire process was managed through the National Securities Depository Limited (NSDL) platform.

Voting outcomes on key resolutions

All resolutions were passed with requisite majorities. The adoption of financial statements received unanimous support from participating shareholders. In the re-appointment of a retiring director, a marginal dissent was recorded, though it did not impact the outcome.

Governance updates and director appointments

The shareholders approved the re-appointment of Ruchir Rushikeshbhai Patel as a director, replacing him in place of himself who retired by rotation. This resolution was classified as ordinary business. Additionally, a special resolution was passed to regularize the appointment of Bharat Trivedi as a Non-Executive Independent Director. Trivedi’s appointment had previously been made by the Board, requiring shareholder ratification under company law provisions.

Director profiles

Ruchir Rushikeshbhai Patel (DIN: 03185133) is reappointed as an Executive Director. He holds a B.Tech in Civil Engineering and an M.S. in Construction Management from the USA, bringing over 16 years of experience in construction and infrastructure.

Bharat P. Trivedi (DIN: 07820494) is regularized as a Non-Executive Independent Director. He is a member of the Institute of Company Secretaries of India, holding degrees in commerce and law, with over 37 years of experience in the banking sector. Both directors are not debarred from holding office by any SEBI order.

Shareholder participation trends

Voting rights were reckoned based on the cut-off date of September 22, 2026. Out of 6,070 registered shareholders, participation was limited to electronic means. Promoter group members cast votes representing 10,265,773 shares, while public non-institutional investors voted on 1,674,053 shares. Institutional shareholders did not participate in the voting process for any of the resolutions.

What the Numbers Show

A distinct pattern emerges when comparing voting turnout across resolutions. While the adoption of financial statements saw 11,939,826 votes polled, the vote count dropped to 11,228,726 for the director re-appointment resolution. This difference of approximately 711,100 votes suggests that some shareholders either abstained from voting on specific governance matters or did not participate in that particular agenda item, despite having voted on others. The promoter group’s voting share remained consistent at roughly 78% of their holdings across most items, indicating stable control dynamics during the AGM.

Tirupati Sarjan Limited will hold its 31st Annual General Meeting on September 30, 2026, via video conference. The meeting agenda includes adopting the audited financial statements for FY26 and regularizing the appointment of a new independent director.

The company closed its register of members and share transfer books from September 23 to September 29, 2026, to determine eligibility for voting and dividend rights. The record date for the AGM is September 22, 2026.

Key Dates

AGM Agenda

The meeting will transact both ordinary and special business items. Under ordinary business, shareholders will consider and adopt the audited financial statements for the financial year ending March 31, 2026. Additionally, the re-appointment of Mr. Ruchir Rushikeshbhai Patel as a director retiring by rotation will be put to vote.

The special business item involves the regularization of Mr. Bharat Trivedi (DIN: 07820494) as a Non-Executive Independent Director. He was initially appointed as an Additional Director on September 1, 2026, and will hold office for five years subject to member approval.

Voting and Participation

Shareholders can participate in the AGM through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Remote e-voting is facilitated by National Securities Depository Limited (NSDL). The remote e-voting period begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm.

Individual shareholders holding securities in demat mode can vote through their depository accounts (NSDL or CDSL). Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer via email. Physical attendance is not required in compliance with Ministry of Corporate Affairs circulars.