Meeting Details
The 19th Annual General Meeting will be held on Friday, 14 August 2026 at 11:00 a.m. Indian Standard Time through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The deemed venue is the Registered Office at Indian Rayon Compound, Veraval 362 266, Gujarat.
Ordinary Business Resolutions
1. Adoption of Financial Statements: To consider and adopt Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Adoption of Consolidated Financial Statements: To consider and adopt Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Auditors (Ordinary Resolution)
3. Director Re-appointment: Re-appointment of Mr. Kumar Mangalam Birla (DIN: 00012813) who retires by rotation (Ordinary Resolution)
- Age: 59 years, Date of Birth: 14th June 1967
- Qualifications: Chartered Accountant and MBA from London Business School
- Date of initial appointment: 26th October 2017
- Shareholding as on 31st March 2026: 23,94,398 shares (including as Karta of HUF)
- Attendance: 6 out of 10 Board Meetings in FY 2025-26
4. Director Re-appointment: Re-appointment of Mr. Sushil Agarwal (DIN: 00060017) who retires by rotation (Ordinary Resolution)
- Age: 63 years, Date of Birth: 13th June 1963
- Qualifications: Chartered Accountant, Master's Degree in Commerce
- Date of initial appointment: 26th October 2017
- Shareholding as on 31st March 2026: 2,89,160 shares
- Attendance: 9 out of 10 Board Meetings in FY 2025-26
Special Business Resolutions
5. Increase in Borrowing Powers: Special Resolution to increase borrowing limit from ₹1,65,000 crore to ₹2,00,000 crore under Section 180(1)(c) of Companies Act, 2013
- Purpose: Growing business requirements, expansion of lending activities, meeting increased funding requirements, refinancing existing borrowings, maintaining liquidity buffers
- Supersedes previous resolution passed on 20th June 2025
6. Creation of Charge/Security: Special Resolution to create security/mortgages/charges on company assets up to ₹2,00,000 crore under Section 180(1)(a) of Companies Act, 2013
- Security to be created in favor of Security Trustees, financial institutions, banks, mutual funds, etc.
- Supersedes previous resolution passed on 20th June 2025
7. Issuance of Non-Convertible Debentures: Special Resolution for private placement of various NCD types within overall borrowing limit:
- Listed secured NCDs: ₹1,05,000 crore
- Unsecured sub-debt (Tier II): ₹10,000 crore
- Unlisted secured NCDs: ₹10,000 crore
- Unsecured senior NCDs: ₹5,000 crore
- Perpetual debt instruments (Tier I): ₹5,000 crore
- Total proposed NCD issuance: ₹1,35,000 crore
- Supersedes previous resolution passed on 26th March 2026
- Face value: ₹1,00,000 each or other permitted denomination
- May be listed on Wholesale Debt Market Segment of NSE/BSE
E-Voting and Meeting Participation Details
- Cut-off date: Friday, 7th August 2026 for determining voting rights
- Remote e-Voting period: 9:00 a.m. on Tuesday, 11th August 2026 to 5:00 p.m. on Thursday, 13th August 2026
- Scrutinizer: Mr. Vaibhav Dandawate (ACS No: 51538) of Makarand M. Joshi & Co. (Firm Registration No. P2009MH007000)
- Results declaration: On or before Tuesday, 18th August 2026
- VC/OAVM facility: Provided by KFin Technologies Limited, allows participation of at least 1,000 members on first-come-first-served basis
- Speaker registration: 11th August 2026 to 13th August 2026
Additional Information
- RTA: KFin Technologies Limited
- Secretarial Auditors: M/s. N L Bhatia & Associates (Firm Registration No: P1996MH055800)
- Documents available for inspection: Secretarial Audit Certificate, Register of Directors, Register of Contracts, Employee details under Section 197(12)
- Annual Report: Available on company website and stock exchange websites