Meeting Details

The 61st Annual General Meeting was held on Friday, August 28, 2026, through Video Conferencing / Other Audio-Visual Means. The meeting commenced at 11:30 a.m. IST and concluded at 12:31 p.m. IST, including time allowed for e-voting after the conclusion of proceedings.

Attendance and Leadership

Mr. Sanjay N. Mehta, Managing Director (DIN: 00036539), chaired the meeting. Directors, representatives of Statutory Auditors, Secretarial Auditor, and Scrutinizer attended through VC/OAVM from their respective locations. Requisite quorum was confirmed present.

Documents Considered

The Notice convening the AGM (dated July 30, 2026) and the Annual Report for FY 2025-26 had been circulated electronically and were taken as read with members' consent. Statutory registers and other required documents were accessible electronically during the meeting.

Business Items Considered

Four items of business from the Notice were placed before members:

1. Adoption of audited financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors - Ordinary Resolution

2. Re-appointment of Mr. Sanjay N. Mehta (DIN: 00036539) who retired by rotation - Ordinary Resolution

3. Appointment of Mr. Nishith P. Deodhar (DIN: 01614848) as Whole-time Director (Executive Director) for three years from June 1, 2026 to May 31, 2029, including approval of remuneration terms - Special Resolution

4. Appointment of Ms. Tanvi Paharia Jain (DIN: 11565232) as Non-Executive, Non-Independent Director, liable to retire by rotation, until May 31, 2031 - Special Resolution

Management Address

The Chairman delivered a Management Address covering:

  • Company's FY 2025-26 performance
  • Operational improvement
  • Principal business verticals
  • Product-development initiatives
  • Broad business outlook

The address had been submitted to BSE Limited prior to the AGM and was available on the company website. No additional unpublished material information or financial guidance was provided.

Shareholder Interaction

Eight members raised questions and suggestions regarding:

  • Financial and operational performance
  • Business verticals
  • Product development
  • Defense and aviation activities
  • Banking automation
  • Service operations

Management responded within the scope of publicly available information.

Voting Procedures

Remote e-voting facilities were provided through NSDL in accordance with Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations. Members who hadn't voted remotely could vote electronically during the AGM and for an announced period afterward.

Mrs. Rama Subramanian was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM. Voting results and Scrutinizer's Report will be submitted to BSE Limited and placed on company and NSDL websites within prescribed timelines.

Conclusion

The meeting concluded after all business items were addressed. The Chairman thanked members, directors, auditors, and participants for their support.