Meeting Details

The 52nd Annual General Meeting of Amal Limited was held on Friday, August 14, 2026, through video conferencing/other audiovisual means.

  • Meeting start time: 10:30 am
  • Meeting end time: 11:00 am
  • Record date: August 7, 2026
  • Total number of shareholders on record date: 18,461

Attendance

  • Quorum was present
  • Promoters and promoter group attendees through video conferencing: 16
  • Public shareholders attendees through video conferencing: 49
  • Key attendees: Mr. Sunil Lalbhai (Chairman), Mr. Rajeev Kumar (Managing Director), Mr. Venkatraman Srinivasan (Chairman of Audit Committee), Ms. Drushti Desai (Chairperson of Nomination and Remuneration Committee), Ms. Dipali Sheth (Chairperson of Stakeholders Relationship Committee), Mr. Jyotin Mehta (Chairman of Corporate Social Responsibility Committee), and Dr. Mahabaleshwar Palekar (Independent Director)

Proceedings

  • Mr. Sunil Lalbhai, Chairman, delivered a speech
  • Questions raised by shareholders in advance and during the meeting were answered by the Chairman
  • All seven resolutions mentioned in the Notice of AGM dated April 22, 2026 were passed through remote e-voting

Resolutions Passed

1. Adoption of the Standalone and Consolidated Financial Statements with Reports thereon for the financial year ended March 31, 2026

2. Declaration of dividend on equity shares

3. Reappointment of Mr. Sunil Lalbhai as a Director

4. Approval of material related party transactions for FY 2026-27 and FY 2027-28

5. Reappointment of Mr. Rajeev Kumar as Managing Director for a term of five years effective March 24, 2027

6. Reappointment of Mr. Jyotin Mehta as an Independent Director for a second term of five consecutive years effective April 22, 2027

7. Approval of commission to Non-executive Independent Directors

Voting Results

Resolution 1: Adoption of Financial Statements

  • Total shares voted: 90,04,593 (72.84% of total share capital)
  • Votes in favor: 90,04,593 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 0

Resolution 2: Dividend Declaration

  • Total shares voted: 90,04,593 (72.84% of total share capital)
  • Votes in favor: 90,04,593 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 0

Resolution 3: Reappointment of Mr. Sunil Lalbhai

  • Total shares voted: 89,99,675 (72.79% of total share capital)
  • Votes in favor: 89,99,675 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 4,918 shares (1 shareholder)

Resolution 4: Related Party Transactions

  • Total shares voted: 1,67,021 (1.35% of total share capital)
  • Votes in favor: 1,67,021 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 1,660 (2 shareholders)
  • Abstained: 88,35,912 shares (20 shareholders)

Resolution 5: Reappointment of Mr. Rajeev Kumar

  • Total shares voted: 89,91,704 (72.73% of total share capital)
  • Votes in favor: 89,91,704 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 12,889 shares (2 shareholders)

Resolution 6: Reappointment of Mr. Jyotin Mehta

  • Total shares voted: 90,04,593 (72.84% of total share capital)
  • Votes in favor: 90,04,593 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 0

Resolution 7: Commission to Non-executive Directors

  • Total shares voted: 90,04,593 (72.84% of total share capital)
  • Votes in favor: 90,04,593 (100% of votes cast)
  • Votes against: 0
  • Invalid votes: 0
  • Abstained: 0

Scrutinizer Details

  • Name: Ashish C Doshi of SPANJ & ASSOCIATES
  • Qualification: Company Secretary
  • Membership Number: 3544
  • Date of Board Meeting appointment: July 11, 2025
  • Date of Report issuance: August 14, 2026

Voting Process

  • Remote e-voting period: August 11, 2026 (9:00 am) to August 13, 2026 (5:00 pm)
  • E-voting system provider: Central Depository Services (India) Limited (CDSL)
  • Votes unblocked on August 14, 2026, after conclusion of AGM
  • Witnesses to vote unblocking: Ms. Hemakshi Patel and Ms. Madhavi Radadiya