Meeting Details

  • Date: Friday, 18th September, 2026
  • Time: 12:00 Noon to 01:38 p.m.
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 32nd Annual General Meeting

Attendance

Directors and Officers Present:

  • Mr. Vijay Agarwal (Chairman and Managing Director)
  • Mrs. Mona Agarwal (Whole-time Director)
  • Mr. Sorab Agarwal (Whole-time Director)
  • Mrs. Surbhi Garg (Whole-time Director)
  • Mr. Avinash Parkash Gandhi (Independent Director)
  • Dr. Divya Singhal (Independent Director)
  • Mr. Shriniwas Vashisht (Independent Director)
  • Dr. Jagan Nath Chamber (Independent Director)
  • Mr. Rajan Luthra (Chief Financial Officer)
  • Mr. Anil Kumar (Company Secretary & Compliance Officer)

Other Participants:

  • Representatives of M/s B S R & Co., Statutory Auditors
  • Representatives of M/s Vasisht & Associates, Secretarial Auditors and Scrutinizers

Business Transacted

Ordinary Business:

1. To receive, consider and adopt:

  • (a) The audited standalone financial statement of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon
  • (b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2026, and the report of Auditors thereon

2. To declare a final dividend of ₹2.00 (i.e. 100%) per equity share for the financial year ended March 31, 2026

3. To appoint Mr. Sorab Agarwal (DIN: 00057666), who retires by rotation, as a Director

Special Business:

4. To ratify the remuneration of the Cost Auditors for the financial year ending March 31, 2027

5. To give loans, inter-corporate deposits, give guarantees in connection with loans made by any person or body corporate and to acquire by way of subscription, purchase or otherwise the securities of any other body corporate, in excess of the limits prescribed under Section 186 of the Companies Act, 2013

Voting Process

  • Voting was conducted through remote e-voting and e-voting during the AGM
  • M/s Vasisht & Associates served as Scrutinizers for both remote e-voting and e-voting during the AGM proceedings
  • Members who had not voted through remote e-voting were invited to cast their votes through e-voting at the AGM
  • The results of e-voting were to be disseminated to stock exchanges and uploaded on the company website and NSDL

Additional Proceedings

  • The Chairman presented the financial performance for FY2025-26 and business conditions in the construction equipment industry
  • Members were given opportunity to ask questions and seek clarifications, which were addressed by the Chairman/Whole Time Director/CFO
  • There were no qualifications, observations or adverse remarks in the Statutory and Secretarial Auditor's Reports
  • The Chairman's speech was uploaded on the stock exchanges' websites and company website

Compliance Confirmation

The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).