Meeting Details

  • Date: September 24, 2026
  • Time: 3:00 P.M.
  • Location: Registered Office of the Company, Venkatarayapuram, Tanuku - 534 215, Andhra Pradesh, India
  • Type of Meeting: 79th Annual General Meeting

Meeting Proceedings

The meeting was chaired by Sri P. Narendranath Chowdary, Chairman and Managing Director of the Company. The meeting began with homage offered with 2 minutes silence for the demise of former Independent Director Dr. P. Kotaiah. The requisite quorum was present, and the Chairman delivered his speech covering the Company's performance during the Year 2025-26 and other developments.

Sri Nekkanti Satyanarayana of Nekkanti S.R.V.V.S. Narayana & Co., Practicing Company Secretaries, Hyderabad, served as scrutinizer and conducted the Poll proceedings. The Company Secretary read the Notice convening the 79th Annual General Meeting.

Voting Process

Members were informed that the Company provided e-voting facility, and those present at the AGM who had not cast their vote electronically were provided an opportunity to cast their votes during the meeting. It was specifically stated that there would be no voting by show of hands.

Annual Report Clarification

The Members were informed that subsequent to the distribution of the Annual Report for the Financial Year ended March 31, 2026, certain inadvertent typographical and clerical errors were noticed. The company clarified that these errors were purely typographical and editorial in nature, having no financial impact on the Audited Financial Statements, profitability, net worth or earnings per share (EPS) of the Company.

The Company confirmed that a formal Corrigendum/Errata detailing these minor rectifications along with the revised Annual Report would be uploaded to the Company's website and to the National Stock Exchange of India Limited within 48 hours of the conclusion of the Annual General Meeting pursuant to Regulation 34(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolutions Passed

Ordinary Business - Ordinary Resolutions

1. Adoption of Financial Statements: Considered and adopted the Audited Statement of Profit & Loss and Cash Flow Statement for the Year ended March 31, 2026 and the Balance Sheet as at that date together with the Report of Board of Directors and Auditors thereon.

2. Dividend Declaration: Approved a Dividend of Rs.1.20 per Equity Share (60%) consisting of Normal Dividend 50% and Special Dividend 10% on Face Value Rs.2/- for the year 2025-26.

3. Director Appointment: Appointed Sri Mullapudi Thimmaraja (DIN 00016711) as Director retiring by rotation.

4. Director Appointment: Appointed Sri P.S.R.V.K. Ranga Rao (DIN 00015795) as Director retiring by rotation.

5. Auditor Remuneration: Fixed the remuneration of Statutory Auditors, M/s. Brahmayya & Co., (Firm Registration No. 000513S) Chartered Accountants, Vijayawada at Rs.23,00,000/- (Rupees Twenty Three Lakhs Only) for the Financial Year 2026-27.

Special Business - Ordinary Resolution

6. Cost Auditor Ratification: Ratified the remuneration of Rs.8,25,000/- (Rupees Eight Lakhs Twenty Five Thousand Only) to Cost Auditors, M/s. Narasimha Murthy & Co., (Registration No. 000042) Hyderabad for the Financial Year 2026-27.

Committee Member Attendance

The following committee members were present:

  • Sri G.S.V. Prasad: Chairman of Audit Committee, Chairman of Stakeholders Relationship Committee, and Member of Nomination and Remuneration Committee
  • Sri K. Ramaseshayya: Member of Audit Committee
  • Sri P. Narendranath Chowdary: Chairman of Corporate Social Responsibility Committee and Member of Stakeholders Relationship Committee

Attendance Statistics

  • Number of Shareholders attended: 60
  • Number of Proxies attended: 15

Voting Outcome

All the resolutions set out in the Notice calling the Annual General Meeting were passed with the requisite majority and are deemed to be passed on the date of the Annual General Meeting (September 24, 2026). Clarification was provided to a Shareholder during the Meeting.

Compliance Statement

The voting results and other details in the prescribed format as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are being filed separately as per the online filing requirement.

Meeting Conclusion

The Meeting concluded with a vote of thanks to the Chairman by Sri Amirapu Rama Satyanarayana at 3:40 P.M.