ASI Industries Limited conducted its 80th Annual General Meeting on Tuesday, 22nd September 2026 at 11:30 AM IST through Video Conferencing/Other Audio Visual Means. The meeting was held in compliance with regulatory provisions and circulars issued by the Ministry of Corporate Affairs, Government of India and Securities & Exchange Board of India (SEBI).

Meeting Leadership and Attendance

Mr. Deepak Jatia, Chairman of the Company, could not chair the meeting due to urgent personal commitments and unstable internet connectivity while traveling. In accordance with the company's articles of association and Secretarial Standards-2, the directors present requested Mr. Tushya Jatia, Executive Director of the Company, to chair the meeting.

Directors Present:

  • Mr. Tushya Jatia, Executive Director (Chairman of the Meeting)
  • Mr. Rajaram Agarwal, Independent Director (Chairman of Audit Committee)
  • Mr. Padamkumar R. Poddar, Independent Director (Chairman of Nomination and Remuneration Committee and Stakeholders and Relationship Committee)
  • Mr. Deepak Jatia, Managing Director (virtual attendance)
  • Mrs. Anita Jatia, Executive Director (virtual attendance)

Other Attendees:

  • Mr. Rajendra Zala, Partner of M/s. B.L. Ajmera (Statutory Auditors)
  • Mr. Nirmal Jain, Partner of M/s. GMJ & Associates (Secretarial Auditors and Scrutinizer)
  • Mr. Manish Kakrai, Company Secretary & Compliance Officer

Meeting Proceedings

The meeting commenced at 11:30 AM with Mr. Manish Kakrai welcoming members, directors, and senior management. Mr. Tushya Jatia highlighted the company's performance in terms of revenue and net profit for FY 2025-26. The Chairman confirmed that all statutory registers and documents were available for inspection.

Agenda Items Considered

Ordinary Business:

1. Adoption of audited financial statements for the financial year ended 31st March 2026, together with reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of dividend on Equity Shares for the financial year ended 31st March 2026

3. Re-appointment of Mr. Tushya Jatia (DIN: 02228722) as Director who retires by rotation (Ordinary Resolution)

Special Business:

4. Ratification of remuneration of Cost Auditors for Financial Year 2026-27 (Ordinary Resolution)

Shareholder Participation

No questions were raised by members who had registered themselves as speakers during the annual general meeting.

Voting Process

E-voting facility was provided during the meeting to members who had not cast their votes through remote e-voting. Remote e-voting was available from 9:00 AM on 19th September 2026 until 5:00 PM on 21st September 2026.

Meeting Conclusion and Next Steps

The meeting concluded at 11:45 AM. Consolidated voting results of remote voting and voting during AGM, along with the Scrutinizer's Report, will be made available on the company's website and CDSL website. Voting results will be forwarded to BSE Limited within two working days from the date of AGM.

Important Notes

  • The company will separately intimate the results of e-voting to the stock exchange
  • This document does not constitute minutes of the proceedings of the Annual General Meeting