VSD Confin Limited concluded its 43rd Annual General Meeting on September 30, 2026, with all proposed resolutions passing unanimously. Members voted in favor of adopting financial statements, reappointing a director, and appointing a new independent director.

The meeting was held physically at the company's registered office in Lucknow. Remote e-voting facilities were provided through Central Depository Services of India Limited (CDSL) prior to the meeting, though the final tally reflects votes cast during the poll at the AGM.

Voting results and resolutions

The scrutinizer's report confirmed that all three items on the agenda received full support from both promoter and public shareholders. No votes were cast against any resolution, and there were no abstentions.

Participation and attendance

The total number of shareholders as of the cut-off date, September 23, 2026, stood at 2,729. Of these, 24 shareholders participated in the meeting either in person or through proxy. The report noted that no shareholders participated via video conferencing or other audio-visual means as the meeting was conducted physically.

The voting process involved a poll for members present who had not exercised their rights through remote e-voting. All polling papers received were found to be duly completed and valid. The consolidated voting results showed that promoters and promoter group members cast 1,831,800 votes, while public shareholders cast 5,917,600 votes, all in favor of the resolutions.

Governance updates

The reappointment of Santosh Kumar Gupta (DIN: 00710533) was approved as he retired by rotation and offered himself for reappointment. The company also appointed Mohit Agarwal (DIN: 10918841) as an Independent Director for a term of five years. The appointment of Mr. Gupta was noted as having a promoter interest, while the other resolutions did not involve promoter interest.

VSD Confin Ltd has scheduled its 43rd Annual General Meeting for September 30, 2026. The meeting will focus on approving the FY26 financial statements and appointing Mohit Agarwal as an independent director.

The company held a board meeting on September 5, 2026, to finalize the notice for the AGM. The meeting will be conducted in physical mode at the registered office in Lucknow starting at 9:30 am.

Key Agenda Items

The AGM notice outlines three primary business items for shareholder approval:

• Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026.
• Re-appointment of Mr. Santosh Kumar Gupta (DIN: 00710533) as a Director, who retires by rotation.
• Appointment of Mr. Mohit Agarwal (DIN: 10918841) as an Independent Director for a five-year term.

Director Appointments and Profiles

Mohit Agarwal is proposed for appointment as an Independent Director not liable to retire by rotation. His term will span five consecutive years from September 30, 2026, to September 30, 2031. Mr. Agarwal, aged 46, holds a Bachelor's Degree in Engineering and has been engaged in business since 2002. He currently holds a directorship in Mars Commercial Private Limited and is not related to any other directors of the company.

Santosh Kumar Gupta, who retires by rotation, is eligible for re-appointment. Mr. Gupta, aged 59, holds a Bachelor's Degree in Commerce and has over three decades of experience in strategy, finance, and human resources. He was re-appointed as Executive Director on September 30, 2025, with a tenure extending to September 30, 2028. His consolidated fixed remuneration is set at ₹3,00,000 per annum. He attended seven board meetings during FY25-26.

Financial Performance

VSD Confin reported a net loss of ₹39.98 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹16.15 lakh in the previous year. The company recorded no revenue from operations in either period. Total expenses stood at ₹20.43 lakh in FY26, down from ₹21.64 lakh in FY25. The increase in net loss was primarily driven by exceptional items amounting to ₹22.06 lakh in FY26, whereas no such items were recorded in FY25.

No dividend has been proposed by the Board of Directors for the year ended March 31, 2026.

Voting and Logistics

The record date for determining dividend eligibility and voting rights is fixed at September 23, 2026. The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026.

The company has appointed M/s Saurabh Srivastava & Associates as the scrutinizer for the e-voting process. Shareholders can cast their votes electronically via CDSL between September 27, 2026, and September 29, 2026. Physical attendance requires valid identity proof such as PAN or Aadhaar cards.