Nature of the Event

The 32nd Annual General Meeting (AGM) of Allied Digital Services Limited was held on Tuesday, September 01, 2026, at 03:00 PM IST at Walchand Hirachand Hall, 4th Floor, IMC Building, Indian Merchant Chamber Marg, Churchgate, Mumbai – 400 020, and conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in accordance with circulars from the Ministry of Corporate Affairs and SEBI. The meeting commenced at 03:00 PM IST and concluded at 05:20 PM IST.

Attendees

Directors and Key Managerial Personnel Present:

  • Mr. Nitin Shah, Chairman & Managing Director
  • Mr. Nehal Shah, Joint Managing Director
  • Mr. Rohan Shah, Executive Director
  • Mrs. Tejal Shah, Executive Director
  • Mr. Sunil Bhatt, Executive Director (joined virtually from United States of America)
  • Mr. Shakti Leekha, Non-Executive, Independent Director
  • Mr. Milind Kamat, Non-Executive, Independent Director and Chairman of Audit Committee
  • Mrs. Swanubhuti Jain, Non-Executive, Independent Director and Chairperson of CSR Committee
  • Mr. Anup Kumar Mahapatra, Non-Executive, Independent Director and Chairman of Nomination and Remuneration Committee
  • Mr. Narasimha Rao Mannepalli, Non-Executive, Independent Director
  • Mr. Gopal Tiwari, Chief Financial Officer
  • Mrs. Khyati Shah, Company Secretary & Compliance Officer

Other Representatives Present:

  • Mr. Paresh Shah, Chief Innovation Officer
  • Mr. Arun Pathak, CEO-CIS (India and Middle East)
  • Mr. Jawahar Ali, Chief Executive Officer-Digital Engineering Services (DES)
  • Mr. Sameer Mahajan, representative of M/s. Singhi & Co, Chartered Accountants (Statutory Auditors, joined virtually from Mumbai)
  • Mr. Mitesh Dhabliwala, representative of Parikh & Associates, Practicing Company Secretaries (Secretarial Auditors and Scrutinizer for the meeting)

Quorum

Total 71 members attended the AGM through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), and 156 members attended physically at the venue.

Business Transacted

The following items of business were transacted as per the Notice of the 32nd AGM dated August 06, 2026:

  • Item 1 (Ordinary Business): Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon, and the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.
  • Item 2 (Ordinary Business): Declaration of Dividend on the Equity Shares of Rs. 5/- each for the financial year ended March 31, 2026.
  • Item 3 (Ordinary Business): Appointment of Director in place of Mr. Nehal Shah (DIN: 02766841), who retires by rotation under Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.
  • Item 4 (Special Business): Re-appointment of Mr. Shakti Kumar Leekha (DIN: 03246804) as an Independent Director of the Company.
  • Item 5 (Special Business): Re-appointment of Mr. Anup Kumar Mahapatra (DIN: 08985605) as an Independent Director of the Company.
  • Item 6 (Special Business): Re-appointment of Mr. Sunil Bhatt (DIN: 09243963) as a Whole-Time Director, designated as an 'Executive Director' of the Company, liable to retire by rotation, for a term of 5 years effective from May 18, 2027, to May 17, 2032.
  • Item 7 (Special Business): Appointment of Mr. Nehal Shah (DIN: 02766841) as Joint Managing Director of the Company, liable to retire by rotation, for a term of 5 years effective from July 01, 2026, to June 30, 2031.
  • Item 8 (Ordinary Business): Approval of material related party transaction(s) for sale, purchase or supply of any goods or materials and availing and rendering of any services between the Company and Allied Digital Services LLC, USA for the year 2026-27.

Voting Process

Remote e-voting facility was provided under Section 108 of the Companies Act, 2013, and Regulation 44(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting period commenced on Friday, August 28, 2026, at 09:00 AM IST and ended on Monday, August 31, 2026, at 05:00 PM IST. E-voting and voting by ballot were also available during the AGM for members who did not vote remotely. CS Mitesh Dhabliwala of Parikh & Associates was appointed as Scrutinizer to oversee the voting process in a fair and transparent manner.

Results Announcement

The consolidated results of the remote e-voting, e-voting, and voting during the AGM will be declared within 2 working days from the conclusion of the AGM (i.e., by September 03, 2026). The results will be displayed on the notice board at the Registered Office of the Company at 808, 8th Floor, Plot No. 221/222, Mafatlal Centre, Vidhan Bhavan Marg, Nariman Point, Mumbai 400 021, and made available on the Company's website (www.allieddigital.net) and the NSDL website (https://www.evoting.nsdl.com). The results will also be communicated to BSE Limited and the National Stock Exchange of India Limited.

Additional Details

The Register of Directors and Key Managerial Personnel and their Shareholding and Register of Contracts or Arrangements under Sections 170 and 189 of the Companies Act, 2013, respectively, were made available for inspection. The meeting included discussions on observations and comments from the Statutory Auditors and Secretarial Auditors, with explanations provided in the Board of Directors' Report. Mr. Nitin Shah and Mr. Nehal Shah addressed member queries during the meeting.

Financial Impact

Financial impact not quantified in the disclosure for most items; however, dividend declaration implies a cash outflow, but the amount is not specified. The related party transaction approval for 2026-27 with Allied Digital Services LLC, USA, is material, but no monetary values are disclosed.

Capital Structure Impact

No changes to capital structure were explicitly mentioned in the disclosure.

Forward-Looking Information

No forward-looking guidance or management commentary was provided beyond the stated resolutions and voting results timeline.