Meeting Details

The 25th AGM was held on Thursday, August 20, 2026 at 11:30 a.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in accordance with MCA circulars and provisions of the Companies Act, 2013.

Attendance and Quorum

  • 50 members attended the meeting, representing 78,26,635 equity shares
  • Meeting commenced at 11:30 a.m. and concluded at 12:38 p.m. (IST)
  • 15 registered speakers asked questions during the meeting

Leadership Present

In the absence of Chairman and Managing Director Mr. Jose Jacob Kallarakal, Mr. Shiju Jacob Kallarakal (Executive Director and Chief Risk Officer) was elected to chair the meeting.

Directors Present:

  • Mr. Shiju Jacob Kallarakal (Executive Director & Chief Risk Officer) - Thane
  • Mr. Ajit Kumar Jain (Independent Director and Chairman of NRC) - Mumbai
  • Ms. Priya Balasubramanian (Independent Director and Chairperson of SRC) - Mumbai
  • Mr. Suneet K Maheshwari (Independent Director and Chairman of Audit Committee) - Mumbai

Key Managerial Personnel Present:

  • Mr. Subramanian NG (Group Chief Financial Officer) - Thane
  • Ms. Harshada Rane (Company Secretary & Compliance Officer) - Thane

Auditors and Representatives:

  • Ms. Shivani Kadge (Walker Chandiok & Co LLP, Statutory Auditors) - Mumbai
  • Mr. Sunny Gogiya (SGGS and Associates, Secretarial Auditor) - Thane

Resolutions Considered

The following 16 resolutions were placed before the AGM and considered passed as of August 20, 2026, subject to receipt of requisite majority:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26

2. Declaration of Final Dividend on Equity Shares for FY2025-26

3. Re-appointment of Mr. Shiju Jacob Kallarakal (DIN:00122525) as Director liable to retire by rotation

Special Business - Related Party Transactions:

4. Material RPTs with Antony Lara Enviro Solutions Private Limited (material subsidiary)

5. Material RPTs with Mumbai Eco Solutions Private Limited (subsidiary)

6. Material RPTs with Antony Lara Renewable Energy Private Limited (material subsidiary)

7. Material RPTs between Antony Lara Enviro Solutions and Antony Lara Renewable Energy

8. Material RPTs between Antony Lara Enviro Solutions and Kadapa Renew Energy Private Limited

9. Material RPTs between Antony Lara Enviro Solutions and Kurnool Renew Energy Private Limited

Special Business - Capital and Governance:

10. Reclassification of authorized share capital with consequential amendment in MOA

11. Increase in borrowing limits under Section 180(1)(C) of Companies Act, 2013

12. Creation of security interest over company assets under Section 180(1)(A)

13. Granting of loan under Section 185 of Companies Act, 2013

14. Payment of remuneration to Mr. Shiju Jacob Kallarakal, Executive Director

15. Fixing term and remuneration of Mr. Shiju Jacob Kallarakal as Executive Director

16. Payment of commission to Independent Directors

Voting Process

Remote e-voting period: August 17, 2026 (9:00 a.m.) to August 19, 2026 (5:00 p.m.). Mr. Sunny Gogiya or Mr. Gaurav Sainani of SGGS and Associates were appointed to oversee the e-voting process.

Chairman's Speech Highlights

  • Company celebrated 25 years of operations (2001-2026)
  • FY2025-26 revenue: ₹1,084 crore with strengthened profitability
  • Maiden dividend declared in Silver Jubilee year
  • Operational scale: 5.69 million tonnes of waste handled annually, serving 4.57 million households across 10 states
  • Workforce: Nearly 10,000 employees ("Swachhta Warriors")
  • Mentioned unfortunate event at PCMC facility in Pune in July 2026 as a learning experience for risk management
  • Future focus on innovation, digitalization, Waste-to-Energy, recycling, and resource recovery

Additional Information

The proceedings and Chairman's speech are hosted on the company website at www.antonywaste.com. Results of voting will be communicated to stock exchanges and published on the company's investor relations website.