Meeting Details

The 36th Annual General Meeting was held on Thursday, July 30, 2026 through Video Conferencing/Other Audio Visual Means in accordance with circulars issued by Ministry of Corporate Affairs and SEBI. The meeting commenced at 11:00 AM (IST) and concluded at 11:30 AM (IST), including time allowed for e-voting at AGM.

Attendance

Mr. Arvind Goel, Chairman of the Company, chaired the AGM. All Directors and Key Managerial Personnel of the Company attended the AGM. The Chairman of the Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, Stakeholders Relationship Committee and Corporate Social Responsibility Committee was also present. Representatives of M/s. BSR & Co. LLP (Statutory Auditors), M/s. SVD and Associates (Secretarial Auditors), Scrutinizers for remote e-Voting and e-voting during AGM, and M/s. MUFG Intime India Pvt. Ltd. (Registrar and Share Transfer Agents) were present.

Proceedings Overview

The Company Secretary welcomed members and briefed them on procedural aspects. The requisite quorum was present. The Chairman informed that there was no facility to appoint proxy for this meeting as dispensed by MCA. Auditors Report, Statutory Registers and other documents as per AGM Notice were available for inspection. With consent of members, the Notice convening the Meeting and Auditors' Report were taken as read.

Key Announcements

The Statutory Auditors' Report did not have any qualifications. Observation of the Secretarial Auditors is self-explanatory and same has been addressed in Boards' Report. The Chairman acknowledged the contribution of all employees and stakeholders during the year. The Chairman made opening remarks and delivered a speech highlighting Performance, Growth Outlook and Operations of the Company during Financial Year 2025-26.

Business Transacted

The following 16 business items were transacted at the 36th AGM:

Ordinary Business:

1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors thereon (Ordinary Resolution)

2. To appoint a director in place of Mr. Arvind Goel (DIN: 02300813) who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution)

Special Business:

3. To ratify remuneration payable to the Cost Auditors for FY 2025-26 (Ordinary Resolution)

4. To ratify remuneration payable to the Cost Auditors for FY 2026-27 (Ordinary Resolution)

5. To approve material related party transactions with Tata Motors Limited (TML) (Ordinary Resolution)

6. To approve material related party transactions with Tata Autocomp Hendrickson Suspensions Private Limited (THSL) (Ordinary Resolution)

7. To approve material related party transactions with Fiat India Automobiles Private Limited (FIAT) (Ordinary Resolution)

8. To approve material related party transactions with Tata Steel Downstream Products Limited (TSDPL) (Ordinary Resolution)

9. To approve material related party transactions with Tata Autocomp Systems Limited (TATA AUTOCOMP) (Ordinary Resolution)

10. To approve material related party transactions with Tata Autocomp Gotion Green Energy Solutions Private Limited (TATA GOTION) (Ordinary Resolution)

11. To approve material related party transactions with Tata Passenger Electric Mobility Limited (TPEML) (Ordinary Resolution)

12. To approve material related party transactions with TM Automotive Seating Systems Private Limited (TM SEATINGS) (Ordinary Resolution)

13. To approve commission payable to the Directors of the Company (Ordinary Resolution)

14. Ratification and approval for change in remuneration / cost to company (CTC) structure of Mr. Suhas Dode, Manager designated as Chief Executive Officer (CEO) (Special Resolution)

15. Revision in remuneration of Mr. Suhas Dode, Manager designated as Chief Executive Officer (Special Resolution)

Voting Process

The Company provided shareholders facility to cast vote electronically through NSDL system before AGM. E-voting facility was open for three days from Monday, July 27, 2026 (9:00 a.m.) to Wednesday, July 29, 2026 (5:00 p.m.). E-voting facility was also available during AGM for all resolutions. Mr. Sridhar Mudaliar, Partner, M/s. SVD and Associates, Company Secretaries was appointed as Scrutinizer to supervise remote e-voting and e-voting during AGM.

Conclusion and Next Steps

The Chairman thanked members and directors. Shareholders who had not cast vote through remote e-voting were given 15 minutes after conclusion of meeting to cast votes through e-voting. Voting results of remote e-voting and e-voting during AGM and Scrutinizer's Report will be submitted separately to Company Secretary. Results will be uploaded on Company's website within 2 working days of AGM and communicated to Stock Exchanges.