Meeting Details
- Date: Tuesday, September 8, 2026
- Time: 11:00 a.m. (IST)
- Type: Annual General Meeting
- Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence
- Deemed Venue: Registered Office at 53, C-Wing, Mittal Tower, Nariman Point, Mumbai, Maharashtra - 400021
- Cut-off Date: Tuesday, September 1, 2026 for determining members eligible to vote
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Financial Statements: Consideration and adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
2. Final Dividend Declaration: Declaration of final dividend at the rate of Re. 0.40 (Forty paise only) per equity share of face value ₹2/- each (i.e., 20%) for financial year 2025-26
3. Director Re-appointment: Re-appointment of Mr. Harikant Ganeshlal Turgalia (DIN: 00049544) who retires by rotation and is eligible for re-appointment
Special Business
4. Independent Director Re-appointment: Re-appointment of Mrs. Uma Manoj Mandavgane (DIN: 03156224) as an Independent Woman Director for a second term of five consecutive years from May 31, 2027 to May 30, 2032
5. Memorandum Alteration: Alteration of Object Clause of Memorandum of Association to include:
- Clause 2M: Business of establishing, developing, owning, operating data centers, server farms, IT infrastructure facilities
- Clause 2N: Business of owning, acquiring, establishing resorts, hotels, hospitality, leisure, wellness facilities
- Insertion of Clause 3A: To carry on any other business connected with above objects
6. Section 186 Limit Increase: Increase in limits under Section 186 of Companies Act, 2013 from ₹500 Crores to ₹1000 Crores for:
- Giving loans or inter-corporate deposits
- Giving guarantees or providing security
- Acquiring securities of other body corporates
Voting Process and Methods
- Remote e-voting facility provided through Central Depository Services (India) Limited (CDSL)
- Remote e-voting period: Friday, September 4, 2026 at 9:00 a.m. to Monday, September 7, 2026 at 5:00 p.m.
- E-voting during AGM available for members attending through VC/OAVM who haven't voted remotely
- Members can join meeting 15 minutes before and after scheduled commencement time
- Facility available to at least 1,000 members on first-come, first-served basis (no restriction for large shareholders holding 2%+, promoters, institutional investors, directors, KMPs)
Scrutinizer Appointment
- Dr. S.K. Jain (FCS: 1473), Proprietor of S.K. Jain & Co., Practicing Company Secretary appointed as Scrutinizer
- Responsible for scrutinizing remote e-voting process and voting during AGM
Compliance with Laws and Regulations
- Conducted in accordance with Companies Act, 2013 and rules thereunder
- Complies with MCA and SEBI circulars for virtual meetings
- Follows Regulation 44 of SEBI LODR Regulations, 2015 for remote e-voting
- Register of Members and Share Transfer Books closed from September 2, 2026 to September 8, 2026 (both inclusive) as per Section 91 of Companies Act, 2013 and Regulation 42 of SEBI LODR 2015
Additional Information
- Record date for dividend entitlement: Tuesday, September 1, 2026
- Dividend payment date: On or before October 7, 2026 (within 30 days from declaration)
- Dividend payment processed in electronic mode only as per SEBI directives effective November 18, 2025
- TDS to be deducted at prescribed rates as per Income-tax Act, 2025 amended by Finance Act, 2026
- Documents available for inspection at Registered Office and electronically during AGM
- IEPF compliance details provided for unclaimed dividends and shares
- SEBI Online Dispute Resolution Portal details provided for grievance resolution
- Detailed instructions provided for e-voting through CDSL/NSDL for demat shareholders
- Corporate members required to upload certified true copy of Board resolution authorizing representative
- Helpdesk details provided for technical support during e-voting