Triton Valves Limited passed all eight resolutions proposed at its 50th Annual General Meeting (AGM) held on September 25, 2026. The meeting was conducted through video conferencing, with shareholders voting via remote e-voting and electronic voting during the session.

The resolutions covered ordinary business such as the adoption of financial statements for FY26, declaration of dividend, and the re-appointment of Mr. Aditya Maruti Gokarn as a Director retiring by rotation. Special business included the appointment of Mr. Koothanda Bheemaiah Appaiah as Whole-time Director for five years, creation of mortgage on company properties, and approval of material related party transactions with a subsidiary.

Voting Participation and Quorum

A total of 47 members cast their votes through remote e-voting, while 2 members voted electronically during the AGM. The total number of valid votes polled across all resolutions was approximately 25.36 lakh shares, representing roughly 49.51% of the outstanding share capital.

Resolution Outcomes

All resolutions were passed with overwhelming majorities. The promoter and promoter group voted unanimously in favor of every resolution, casting 21,32,604 votes each time. Public shareholders showed minimal dissent, with negligible opposition votes recorded against specific items such as the revision in managerial remuneration.

Ordinary Business

• Adoption of Financial Statements: Passed with 100% support from valid votes polled.
• Dividend Declaration: Approved unanimously by those voting.
• Director Re-appointment: Mr. Aditya Maruti Gokarn was re-appointed with full assent from valid votes.
• Cost Auditor Remuneration: Ratification approved without dissent.

Special Business

• Whole-time Director Appointment: Mr. Koothanda Bheemaiah Appaiah was appointed for a five-year term. While promoters voted unanimously, 75 votes were cast against by public non-institutional shareholders, representing 0.02% of votes polled on this item.
• Mortgage Creation: Approval to create mortgage/charge on properties under Section 180(1)(a) of the Companies Act, 2013, was granted. Dissent stood at 34 votes (0.01%).
• Related Party Transactions: Material transactions with the wholly owned subsidiary were approved. Notably, promoter votes were considered valid under exemptions for wholly owned subsidiaries.
• Managerial Remuneration Revision: The revision in remuneration for Mr. Appaiah was approved. This item saw the highest dissent among special resolutions, with 113 votes against (0.03% of votes polled).

What the Numbers Show

The voting pattern highlights a significant concentration of control within the promoter group. Promoters held 23,61,616 shares but voted only 21,32,604 shares, accounting for nearly 84% of the total valid votes polled across most resolutions. Public participation remained low, with public non-institutional shareholders casting approximately 4,03,420 votes, or about 16% of the total. The negligible dissent figures (ranging from 0 to 113 votes) indicate strong alignment between management proposals and shareholder sentiment among those who participated, though overall voter turnout remained below 50% of outstanding shares.

Triton Valves declared a dividend of ₹2.50 per equity share for FY26 during its 50th Annual General Meeting held on September 25, 2026. The payout represents a 25% return on the face value of ₹10 per share.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Chairman Aditya Maruti Gokarn welcomed members, noting that all directors and key auditors participated virtually. The requisite quorum was present, allowing the transaction of business as outlined in the notice dated August 13, 2026.

Key resolutions approved

Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The following ordinary and special business items were transacted:

• Adoption of financial statements for FY26.
• Declaration of dividend aggregating to ₹1,28,05,270.
• Re-appointment of Aditya Maruti Gokarn as director retiring by rotation.
• Ratification of remuneration for cost auditors Vishwanath Bhat & Associates for FY27.
• Re-appointment of Koothanda Bheemaiah Appaiah as Whole-time Director for five years.
• Creation of mortgage or charge on company properties under Section 180(1)(a) of the Companies Act, 2013.
• Approval of material related party transactions with a subsidiary.
• Revision in managerial remuneration payable to Koothanda Bheemaiah Appaiah.

Voting and compliance details

The Company Secretary, Bibhuti Bhusan Mishra, informed members that remote e-voting facilities were provided through NSDL. Since the meeting was virtual, proxy appointments were not permitted. The Board appointed Parameshwar Ganapati Bhat as Scrutinizer to supervise the voting process.

The Secretarial Audit Report noted modified qualifications, which were acknowledged by the Chairman. The consolidated voting results, along with the Scrutinizer’s Report, are scheduled to be published on or before September 29, 2026, on the company website and BSE portal.