Meeting Details

The 22nd Annual General Meeting was held on Friday, July 10, 2026, from 11:00 A.M. IST to 11:56 A.M. IST. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. A total of 123 members attended the meeting.

Proposed Resolutions and Implications

The following six resolutions, as set out in the Notice of the AGM, were proposed for shareholder approval:

  • 1. To receive, consider and adopt: (a) the audited standalone financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors; and (b) the audited consolidated financial statements for the financial year ended March 31, 2026, along with the report of Auditors.
  • 2. To declare a dividend on the equity shares for the financial year ended March 31, 2026.
  • 3. To re-appoint Mr. Sanjay Sinha (DIN: 03627342), a director retiring by rotation, who offered himself for re-appointment.
  • 4. To ratify the remuneration of Cost Auditors for the financial year 2026-27.
  • 5. To approve the revision in remuneration of Mr. Sanjeev Jain, Managing Director and Promoter.
  • 6. To approve the revision in remuneration of Mr. Sandeep Jain, Managing Director and Promoter.

Voting Process

The facility for e-voting was provided to shareholders and administered by NSDL. Members attending the AGM were informed that the e-voting window on the NSDL platform would remain open for an additional 30 minutes after the conclusion of the meeting for those who had not yet cast their votes.

Key Voting Outcomes and Shareholder Participation

The document confirms that the requisite quorum was present for the meeting, as confirmed by NSDL. It was disclosed that the company had received resolutions from certain shareholders appointing authorized representatives to join the AGM. These shareholders collectively held approximately 6.85 crore equity shares, representing 43.52% of the company's paid-up capital. The final aggregated results of the remote e-voting and voting at the AGM were to be announced within the stipulated time under applicable laws and subsequently intimated to the stock exchanges and uploaded on the company's website (www.akums.in) and NSDL's website.

Scrutinizer's Role

The document does not specify the appointment of a separate scrutinizer for the AGM voting. The e-voting process was administered by NSDL, and the results were to be aggregated and announced by the company.

Compliance Statement

The meeting was conducted in accordance with the relevant circulars issued by the MCA and SEBI. The Company Secretary confirmed that the Statutory Registers and other documents required under the Companies Act, 2013 were available for inspection. Compliance with Section 113 of the Companies Act, 2013, regarding the appointment of authorized representatives, was also noted.

Chairman's Address and Strategic Updates

The Chairman, Mr. Sandeep Jain, provided a business update highlighting the company's performance in FY 2025-26 as a year of progress and resilience. Key strategic announcements included:

  • The formation of a Joint Venture with the Government of the Republic of Zambia to establish a pharmaceutical manufacturing facility in Lusaka.
  • Securing a long-term European CDMO contract with a leading global pharmaceutical company.
  • Developing a pipeline of 10+ products for launch in Europe and certifying up to 4 more plants with European accreditations.
  • Maintaining four R&D centres supported by over 370 scientists.