A 92% voter turnout in an Indian state election with a population exceeding 100 million.

Depends on the state. In Maharashtra, if the school is government aided, they're considered government employees. They have to participate in vaccination drives, census, elections, etc. In return they're paid a government salary (which is substantially better than most private schools offer since it is linked to inflation and years od service) and get a pension. However, they're largely exempt from transfers when they're 'surplus' employees. Government aid has to be maintained though every year by ensuring a certain % of total students (I think 80%?) clear board exams.

My company was pretty strict during the recent elections in my state. I was told to go vote and put everything else on hold until I was back.

This is a private company/corporate issue. Government employees get the day off, and private companies are only mandated to facilitate voting by their employees. Corporate and retail companies do what you said, but more traditional firms, schools, banks etc. treat it as a holiday.