Nature of Event

Regulatory filing of the Notice for the 18th Annual General Meeting (AGM) of Amagi Media Labs Limited scheduled to be held on Wednesday, September 23, 2026 at 11:00 AM IST through Video Conferencing/Other Audio Visual Means.

Key Dates and Meeting Details

  • AGM Date: September 23, 2026 at 11:00 AM IST
  • Cut-off date for e-voting: September 17, 2026
  • E-voting period: September 20, 2026 (09:00 AM IST) to September 22, 2026 (05:00 PM IST)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Pramod S M (Membership No. F7834) or CS Biswajit Ghosh (Membership No. F8750) of M/s. BMP & Co. LLP
  • RTA: MUFG Intime India Private Limited

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements: Receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2026 with Reports of Board of Directors and Statutory Auditor

2. Adoption of Consolidated Financial Statements: Receive, consider and adopt the audited consolidated financial statements for FY ended March 31, 2026 with Statutory Auditor's report

3. Director Re-appointment: Re-appoint Mr. Shekhar Kirani Hanumanthasetty (DIN: 02384548) as director liable to retire by rotation

Special Business

4. MD & CEO Re-appointment: Re-appoint Mr. Baskar Subramanian (DIN: 02014529) as Managing Director and Chief Executive Officer for 5 years from December 1, 2026 to November 30, 2031

5. Remuneration Approval: Approve remuneration terms for Mr. Baskar Subramanian comprising:

  • Fixed Salary: ₹2.035 crores per annum
  • Variable Pay: ₹2.035 crores per annum
  • Perquisites: Company-maintained vehicle, communication expenses, insurance, etc.
  • Annual increment cap: 7.5% per year
  • Total remuneration: ₹4.070 crores per annum
  • Minimum remuneration payable even in absence/inadequacy of profits

6. Secretarial Auditor Appointment: Appoint M/s. BMP & Co. LLP (Firm Registration No. L2017KR003200) as Secretarial Auditors for 5 years from FY 2026-27 to FY 2030-31 at remuneration of ₹4,00,000 per annum plus taxes and expenses

7. Capital Reclassification: Approve reclassification of Authorised Share Capital from current structure to single class of Ordinary Equity Shares without changing total authorized capital of ₹247.25 crore

Financial Context and Performance

  • FY 2025-26 Performance: Revenue from Operations: ₹949.232 crore; Net Profit: ₹26.447 crore; Dividend per share: Nil
  • FY 2024-25 Performance: Revenue: ₹666.984 crore; Net Loss: ₹(122.069) crore
  • FY 2023-24 Performance: Revenue: ₹445.899 crore; Net Loss: ₹(213.832) crore
  • The company turned profitable during FY 2025-26 after previous years of losses

Capital Structure Changes

Current Authorised Capital: ₹247,25,13,655 divided into:

  • 23,51,64,091 Ordinary Equity Shares of ₹5 each (₹117,58,20,455)
  • 1,24,66,932 Compulsorily Convertible Preference Shares of ₹100 each (₹124,66,93,200)
  • 5,00,000 Optionally Convertible Preference Shares of ₹100 each (₹5,00,00,000)

Proposed Authorised Capital: ₹247,25,13,655 comprising:

  • 49,45,02,731 Ordinary Equity Shares of ₹5 each

Rationale for Reclassification: All outstanding CCPS and OCPS have been converted to Ordinary Equity Shares post-IPO listing on January 21, 2026. The reclassification simplifies capital structure, aligns with listed company status, and provides flexibility for future equity issuances.

Director Details

Mr. Baskar Subramanian (DIN: 02014529)

  • Age: 52 years, Nationality: Indian
  • Education: B.E. from Government College of Technology, Coimbatore
  • Experience: 24+ years in technology and media sector, Co-founder and Promoter
  • Current remuneration: ₹3.59 crore per annum (FY 2025-26)
  • Shareholding: 9,565,092 Equity Shares
  • Relationship: Spouse of Ms. Srividhya Srinivasan, CTO of the company

Mr. Shekhar Kirani Hanumanthasetty (DIN: 02384548)

  • Age: 60 years, Nationality: Indian
  • Education: Ph.D. from University of Minnesota, USA
  • Experience: 15+ years in early-stage software investments
  • Nominee Director representing Accel India VI (Mauritius) Ltd. and Accel Growth VI Holdings (Mauritius) Ltd.
  • No shareholding in the company

Voting and Participation Procedures

  • Remote e-voting available through NSDL platform from September 20-22, 2026
  • Physical attendance dispensed with, only virtual participation permitted
  • Members can register to speak at AGM by September 21, 2026
  • Results to be declared within 2 working days of AGM conclusion

Additional Information

  • Notice and Annual Report sent electronically to shareholders
  • Documents available on company website: https://www.amagi.com/investors/shareholders-meeting