Meeting Details

The 41st Annual General Meeting of Asahi India Glass Limited was held on Friday, 18 September 2026 at 3:00 p.m. IST through Video Conferencing/Other Audio Visual Means on the MS Teams Software on CDSL Platform.

The meeting was chaired by M. Sanjay Labroo, Chairman & Managing Director. All directors of the company attended the meeting, along with the Chief Financial Officer, Company Secretary, Statutory Auditors, and Secretarial Auditor.

Remote E-Voting Details

  • Remote e-voting facility was provided to members from 14 September 2026 at 9:00 a.m. IST to 17 September 2026 at 5:00 p.m. IST
  • Cut-off date for determining voting eligibility: 11 September 2026
  • M. Sundeep Kumar Parashar, Practicing Company Secretary, appointed as Scrutinizer for remote e-voting
  • E-voting results to be declared on or before 22 September 2026

Businesses Transacted at AGM

Ordinary Business

Item No. 1: Adoption of Financial Statements

  • Shareholders adopted the audited Standalone Financial Statements for FY ended 31 March 2026 together with Reports of Auditors and Board of Directors
  • Shareholders adopted the audited Consolidated Financial Statements for FY ended 31 March 2026 together with Reports of Auditors
  • No qualifications, observations, or adverse comments in Auditors' Reports or Secretarial Audit Report

Item No. 2: Declaration of Final Dividend

  • Approved final dividend of ₹2.00 per equity share for financial year 2025-26
  • Dividend to be paid on 25,49,27,192 equity shares of ₹2 each
  • Payment date: on or after 24 September 2026
  • Recommended by Board of Directors in meeting held on 27 May 2026

Item No. 3: Re-appointment of Director

  • Mr. Shashank Srivastava (DIN: 00139273) re-appointed as Director
  • Retired by rotation and offered himself for re-appointment

Item No. 4: Re-appointment of Director

  • Mr. Kazuo Ninomiya (DIN: 11205921) re-appointed as Director
  • Retired by rotation and offered himself for re-appointment

Special Business

Item No. 5: Ratification of Cost Auditors' Remuneration

  • Ratified remuneration of ₹1,75,000 per annum to M/s. Ashish & Associates, Cost Accountants (Firm Registration No. 103521)
  • For audit of cost accounting records for financial year ending 31 March 2027
  • Approved by Board of Directors on recommendation of Audit & Risk Management Committee at meeting held on 5 August 2026

Item No. 6: Re-appointment of Whole-time Director

  • Re-appointed Mr. Masao Fukami (DIN: 09811031) as Whole-time Director, designated as Deputy Managing Director - Technical & C.T.O. (Auto)
  • Term: up to 4 years effective from 1 January 2027
  • Remuneration structure:
  • Basic salary: ₹1,50,000 per month with increments as decided by Board
  • Commission: Maximum up to 1% of net profits of the Company
  • Perquisites: Housing/HRA, house maintenance allowance, medical reimbursement, club fee, and other permissible perquisites
  • Company car with driver and phone for official use
  • No sitting fees for Board/Committee meetings
  • Subject to Central Government approval if required

Item No. 7: Material Related Party Transaction with AGC Asia Pacific Pte Limited

  • Approved material related party transactions with AGC Asia Pacific Pte Limited (promoter group company)
  • Aggregate value: up to ₹750 crores during FY 2026-27
  • Transactions to be at arm's length and in ordinary course of business

Item No. 8: Material Related Party Transaction with Maruti Suzuki India Limited

  • Approved material related party transactions with Maruti Suzuki India Limited (promoter)
  • Aggregate value: up to ₹1,500 crores during FY 2026-27
  • Transactions to be at arm's length and in ordinary course of business

Item No. 9: Material Related Party Transaction with AIS Consumer Glass Solutions Limited

  • Approved material related party transactions with AIS Consumer Glass Solutions Limited (subsidiary company)
  • Aggregate value: up to ₹600 crores during FY 2026-27
  • Transactions to be at arm's length and in ordinary course of business

Meeting Duration and Conclusion

The AGM commenced at 3:00 p.m. IST and concluded at 4:00 p.m. IST. The Chairman responded to shareholder queries and thanked participants.