Meeting Details
The 45th Annual General Meeting will be held on Tuesday, August 25, 2026 at 10:15 A.M. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the Registered Office of the Company at No.19, Bishop Gardens, Raja Annamalaipuram, Chennai – 600 028.
Proposed Resolutions and Implications
Ordinary Business:
Item No. 1: Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026 together with reports of the Board of Directors and Auditors.
Item No. 2: Confirmation of Interim Dividend of ₹10 per equity share (200%) of face value of ₹5 each paid on February 27, 2026 (gross amount ₹1,437.85 million) and declaration of Final Dividend of ₹10 per equity share (200%) for FY26.
Item No. 3: Re-appointment of Smt. Sangita Reddy (DIN: 00006285) as Director who retires by rotation.
Item No. 4: Re-appointment of Dr. Prathap C Reddy (DIN: 00003654) as Director who retires by rotation.
Special Business:
Item No. 5: Re-appointment of Dr. Prathap C Reddy as Whole-time Director designated as Executive Chairman for two years from June 25, 2026 to June 24, 2028 with remuneration including fixed pay of ₹85 million per annum, variable pay up to 100% of fixed pay, and commission up to 1% of net profits before tax (max ₹75 million).
Item No. 6: Re-appointment of Smt. Rama Bijapurkar (DIN: 00001835) as Independent Director for a second term of five years from November 12, 2026 to November 11, 2031.
Item No. 7: Issuance of Non-Convertible Debentures on private placement basis for up to ₹7,500 million to augment long-term resources for financing capital expenditure, expansion activities, and general corporate purposes.
Item No. 8: Ratification of remuneration payable to M/s. A.N. Raman & Associates, Cost Accountants, as Cost Auditors for FY27 amounting to ₹1.65 million plus statutory levies.
Voting Process and Methods
The Company is providing facility of remote e-Voting through National Securities Depository Limited (NSDL). The remote e-voting period commences on Saturday, August 22, 2026 (9:00 a.m. IST) and ends on Monday, August 24, 2026 (5:00 p.m. IST). Members can also vote through e-voting during the AGM. Physical attendance has been dispensed with, and proxy facility is not available.
Key Voting Outcomes
Voting results will be determined by the Scrutinizer and announced after the meeting. The document does not contain pre-meeting voting results as this is the notice convening the meeting.
Scrutinizer Appointment
Smt. Swetha Subramanian, Practicing Company Secretary (Membership No. 10815), has been appointed as the Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The Scrutinizer will submit a consolidated report within 48 hours of conclusion of the AGM.
Compliance Statement
The notice confirms compliance with the Companies Act, 2013, SEBI Listing Regulations, and various circulars issued by MCA and SEBI allowing virtual meetings. All required documents are available for electronic inspection by members.
Dividend Details
- Interim Dividend of ₹10 per share (200%) was paid on February 27, 2026 to shareholders as of February 16, 2026
- Record Date for final dividend: Friday, August 14, 2026
- Final dividend of ₹10 per share (aggregating ₹1,437.85 million) will be paid on or before September 10, 2026
- Total dividend for FY26: ₹20 per equity share aggregating ₹2,875.70 million
- Dividend will be subject to TDS as per Income Tax Act, 2025
Additional Information
The notice includes extensive details on:
- IEPF transfers of unclaimed dividends and shares
- KYC compliance requirements for physical shareholders
- Dematerialization requirements and procedures
- Green initiative for electronic communication
- Contact information for investor grievances
- Detailed instructions for e-voting and VC/OAVM participation
- Director profiles and qualifications for those seeking appointment/re-appointment