Meeting Details

The 45th Annual General Meeting was held on Wednesday, 12th August 2026 at 3:00 PM through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting concluded at 3:50 PM.

The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs, Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

Attendance and Participants

The meeting was attended by 114 members. Dr. B. N. Kalyani, Chairman, chaired the meeting from Pune.

Other attendees included:

  • Mr. Nagaraja Gargeshwari, President & Wholetime Director (from Mysuru registered office)
  • Mr. Girish Dinanath Nadkarni, Independent Director & Chairman of Audit Committee, Risk Management Committee (from Mumbai)
  • Dr. P.V. Ramana Murthy, Independent Director, Chairman of Nomination & Remuneration Committee and CSR Committee (from Mumbai)
  • Mr. Raman K, Interim Chief Financial Officer (from Mysuru)
  • Mr. Debadas Panda, Company Secretary and Compliance Officer (from Mysuru)
  • Mr. Pradip Agarwal, Partner, S R Batliboi & Associates LLP, Statutory Auditor (from Bengaluru)
  • Ms. Pracheta M, Secretarial Auditor (from Mysuru)
  • Mr. Harish K, Assistant General Manager, Integrated Registry Management Services Private Limited, RTA (from Bengaluru)

Voting Process

Remote e-voting was provided for three days from Sunday, 9th August 2026 (9:00 AM) to Tuesday, 11th August 2026 (5:00 PM). Members who had not cast votes electronically were provided opportunity to cast votes during the meeting. Ms. Pracheta M, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize all votes.

Meeting Proceedings

The Chairman delivered a speech highlighting industry scenario, financial and operational performance, and company initiatives during Financial Year 2025-26.

The Notice of the 45th AGM (dated May 19, 2026) was taken as read with shareholders' permission. The Chairman confirmed there were no adverse qualifications, observations, or comments in any of the Statutory Auditors' Reports and Secretarial Audit Report.

Resolutions Considered

Three resolutions were presented for shareholder consideration:

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended 31st March 2026, including Balance Sheet, Statement of Profit and Loss, and Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of Final Dividend of ₹32 per equity share of ₹10 each for Financial Year 2025-26

3. Ordinary Resolution: Re-appointment of Mr. Kenneth James Hogan (DIN: 09161738) as director who retires by rotation and offered himself for re-appointment

Shareholder Interaction

Registered speaker shareholders shared views and asked queries, which were responded to by Mr. Nagaraja Gargeshwari, President & Wholetime Director.

Voting and Conclusion

The e-voting facility remained open for an additional 15 minutes during the meeting for members who had not previously voted. The Chairman announced that voting results would be announced to stock exchanges at the earliest and made available on the company website (www.autoaxle.com).