Meeting Details
The 37th Annual General Meeting was scheduled and held on Wednesday, 16th September 2026 through Video Conferencing (VC) platform provided by CDSL. The Registered/Corporate Office at 04th Floor, BPK Star Tower, A.B. Road, Indore (Madhya Pradesh) – 452008 was deemed as the venue for the meeting.
The meeting commenced at 12:30 PM and concluded at approximately 01:00 PM.
Attendance
Directors Present:
- Mr. Prasann Kumar Kedia – Managing Director (Chairman)
- Mr. Tushar Bhandari - Whole Time Director
- Mr. Anshuman Kedia - Whole Time Director & CEO
- Dr. Swaraj Kumar Puri - Independent Director (through VC)
- Mr. Debashis Das - Independent Director (through VC)
- Ms. Apurva Pradeep Joshi - Independent Director (through VC)
Officers Present:
- Mr. Dilip Kumar Inani – Chief Financial Officer (CFO)
- Mr. Abhinav Mathur – Company Secretary
Special Invitees:
- CA Navindra Kumar Surana: Statutory Auditor - M/S Singhi & Co. (through VC)
- CS Yashraj Agrawalla: Secretarial Auditor - M/S K. Arun & Co. (through VC)
- CS Ishan Jain: Scrutinizer for Remote E-Voting & Venue Voting (through VC)
The total number of members as on the cut-off date (Wednesday, 09th September 2026) was 41,622 members. A total of 73 members were present through VC/OAVM throughout the meeting, exceeding the quorum requirement of 30 members.
Meeting Proceedings
The Company Secretary welcomed shareholders and confirmed the meeting was being held through VC mode in compliance with MCA and SEBI circulars. Mr. Prasann Kumar Kedia presided as Chairman of the Meeting.
The Chairman delivered a speech reviewing the company's business, operations, and outlook. The speech covered:
- Financial performance of the Company
- Product information including launch of new products
- Overview of the Company's operations
- Key developments, acquisitions and major milestones achieved
- Future focus of the Company
The Chairman specifically informed that the Board has recommended a dividend of 20% i.e. ₹2.00 per share for the financial year ended 31st March 2026, to be approved at the AGM.
The Notice convening the 37th AGM, Director's Report, Corporate Governance Report, Management Discussion and Analysis, Independent Auditors Report and financials, and Secretarial Audit Report and its annexures were taken as read.
Shareholder Queries
Six shareholders who were present through VC sought information on various topics:
- Ayush Gupta
- Himanshu Anilbhai Trivedi
- Sudipta Chakraborty
- Indrani Chakraborty
- Lokesh Gupta
- Parul Garg
Their queries addressed: dealing with increased raw material prices, market expansion, green energy, dividend policy, and the company's roadmap for the next few years. All queries were duly replied to.
Business Items for Approval
Ordinary Business:
1. To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended 31st March 2026 and the reports of the Board of Directors and Auditors Report thereon (Ordinary Resolution)
2. To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended 31st March 2026 and the Auditors Report thereon (Ordinary Resolution)
3. To declare dividend on Equity Shares for FY ended 31st March 2026 @ 20% i.e. ₹2.00 per equity share of ₹10 each (Ordinary Resolution)
4. To reappoint Mr. Anshuman Kedia (DIN: 07702629) who retired by rotation (Ordinary Resolution)
Special Business:
5. To approve the remuneration payable to the Cost Auditors of the company for the financial year 2026-27 (Ordinary Resolution)
Voting and Results
The Company appointed CS Ishan Jain, Practicing Company Secretary (FCS 9978, CP 13032) as scrutinizer to scrutinize the remote e-voting and venue voting. The results of remote e-voting and venue voting will be announced within two working days of the conclusion of the 37th AGM and will be placed on the company's website along with BSE and NSE websites.
Meeting Conclusion
The meeting concluded at approximately 01:00 PM with a vote of thanks to shareholders, directors, auditors, and invitees.