Meeting Details
The 129th Annual General Meeting was held on Monday, 27th July, 2026 through Video Conferencing/Other Audio Visual Means. The meeting commenced at 03:00 PM IST and concluded at 04:30 PM IST.
Chairperson and Attendance
The meeting was chaired by Mr. Kumar Mangalam Birla, Chairman of the Board. Representatives of Statutory Auditors, Cost Auditor, Secretarial Auditor and Scrutinizer for the remote e-voting and e-voting process were present through VC/OAVM.
Chairman's Opening Remarks
The Chairman welcomed shareholders and confirmed quorum was present. He informed members that:
- Registers and documents required under the Companies Act, 2013 were available for inspection in electronic mode
- Notice dated 23rd June, 2026 convening the AGM was taken as read
- There were no qualifications, comments or observations in the Statutory and Secretarial Auditors' reports
The Chairman briefed shareholders on:
- Broader macroeconomic context in which the Company is operating
- Overall Company's performance
- Business performance including real estate fundraising & partnership and sustainability
- Updates on Environmental, Social, and Governance practices
- Thanked shareholders, customers, lenders, investors, suppliers, employees and all stakeholders
Resolutions Passed
All five resolutions set forth in the AGM Notice were passed with requisite majority:
1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for financial year ended 31st March, 2026 together with Reports of Board of Directors and Auditors thereon; and Audited Consolidated Financial Statements for financial year ended 31st March, 2026 together with Report of Auditors thereon
2. Ordinary Resolution: Declaration of dividend on equity shares for the year ended 31st March, 2026
3. Ordinary Resolution: Reappointment of Mr. Kumar Mangalam Birla (DIN: 00012813) as a Director, who retires by rotation
4. Ordinary Resolution: Appointment of Statutory Auditor of the Company for a first term of five consecutive years from the conclusion of 129th AGM until the conclusion of 134th AGM of the Company and to fix their remuneration
5. Ordinary Resolution: Approval of remuneration of Cost Auditor of the Company for the financial year ending 31st March, 2027
Voting Process
The e-voting facility was kept open for 15 minutes post closure of the meeting for shareholders who had not cast their votes during remote e-voting. Voting results were to be declared and disseminated on the company website, stock exchanges, and NSDL as per statutory requirements.