Meeting Details

The 32nd Annual General Meeting of Allied Digital Services Limited will be held on Tuesday, September 1, 2026, at 03:00 PM (IST) at Walchand Hirachand Hall, 4th Floor, Indian Merchant Chambers, IMC Marg, Churchgate, Mumbai – 400 020.

Ordinary Business Items

1. Adoption of Financial Statements

  • To consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors
  • To consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with Report of Auditors

2. Dividend Declaration

  • To declare a dividend on Equity Shares for the financial year ended March 31, 2026
  • Board has recommended a dividend of ₹1.50 (Rupee One and Fifty Paise only) per equity share
  • Record Date fixed as Friday, August 28, 2026 for determining entitlement to dividend
  • Payment of dividend subject to TDS will be made on or after Friday, September 4, 2026

3. Re-appointment of Director Retiring by Rotation

  • To appoint Mr. Nehal Shah (DIN: 02766841) who retires by rotation under Section 152(6) of Companies Act, 2013
  • Mr. Nehal Shah is eligible and offers himself for re-appointment

Special Business Items

4. Re-appointment of Mr. Shakti Kumar Leekha as Independent Director

  • Special Resolution required
  • Mr. Leekha (DIN: 03246804) was appointed as Independent Director for first term from January 20, 2022 to January 19, 2027
  • Proposed re-appointment for second term of 5 years from January 20, 2027 to January 19, 2032
  • Not liable to retire by rotation
  • Holds 950 equity shares in the company as of March 31, 2025

5. Re-appointment of Mr. Anup Kumar Mahapatra as Independent Director

  • Special Resolution required
  • Mr. Mahapatra (DIN: 08985605) was appointed as Independent Director for first term from May 18, 2022 to May 17, 2027
  • Proposed re-appointment for second term of 5 years from May 18, 2027 to May 17, 2032
  • Not liable to retire by rotation
  • Holds no shares in the company as of March 31, 2025

6. Re-appointment of Mr. Sunil Bhatt as Executive Director

  • Special Resolution required
  • Mr. Bhatt (DIN: 09243963) currently serves as Executive Director with term expiring May 17, 2027
  • Proposed re-appointment as Whole-time Director designated as Executive Director for 5 years from May 18, 2027 to May 17, 2032
  • Liable to retire by rotation
  • Holds 82,500 equity shares as of March 31, 2025
  • Remuneration payable by subsidiary Allied Digital Services LLC: Fixed component up to USD 500,000 p.a. and variable component up to 200% of fixed component

7. Appointment of Mr. Nehal Shah as Joint Managing Director

  • Special Resolution required
  • Mr. Nehal Shah (DIN: 02766841) to be elevated from Whole-Time Director to Joint Managing Director
  • Appointment for 5 years from July 1, 2026 to June 30, 2031
  • Liable to retire by rotation
  • Holds 111,800 equity shares as of March 31, 2025
  • Remuneration terms remain unchanged from previous approval in AGM held September 10, 2025
  • Remuneration may exceed limits prescribed in Regulation 17(6)(e) of SEBI LODR Regulations

8. Approval of Material Related Party Transactions

  • Ordinary Resolution required
  • Transactions with subsidiary Allied Digital Services LLC, USA for FY 2026-27
  • Aggregate value not exceeding ₹200 crore per annum for availing/rendering of services
  • Aggregate value not exceeding ₹50 crore per annum for sale/purchase/supply of goods or materials
  • Transactions to be at arm's length and in ordinary course of business
  • Materiality threshold for shareholder approval is ₹96.79 crore
  • Previous year transactions: ₹9,243.15 lakhs for availing/rendering services in FY 2025-26
  • Current year transactions until latest quarter: ₹2,390 lakhs

Financial Performance Context (From Annexure II)

  • Sales: ₹38,782 lakhs for year ended March 31, 2026
  • Profit after Tax: (₹81) lakhs for year ended March 31, 2026
  • Asset Turnover Ratio: 0.51 times
  • Current Ratio: 1.67%
  • Profit to Net Sales: (0.21)%
  • Export sales: ₹7,202 lakhs for year ended March 31, 2026
  • Foreign investment in subsidiaries: ₹19,881 lakhs as of March 31, 2026

Voting Information

  • Remote e-voting period: August 28, 2026 (9:00 AM) to August 31, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: August 25, 2026
  • E-voting during AGM also available for those not voting remotely
  • Scrutinizer: Mr. Mitesh Dhabliwala (FCS 8331, CP 9511) of Parikh & Associates
  • Results to be declared to stock exchanges within 2 working days of AGM conclusion

Shareholder Services Information

  • Registrar & Share Transfer Agent: MUFG Intime India Private Limited
  • Company Website: www.allieddigital.net
  • Investor Email: investors@allieddigital.net