Meeting Details

  • Date: Monday, September 28, 2026
  • Time: Commenced at 10:30 AM IST, concluded at 11:28 AM IST (duration: 58 minutes)
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type of Meeting: 36th Annual General Meeting

Attendees

Directors Present:

  • Dr. Sampath Ravinarayanan - Founder Chairman & Managing Director
  • Mr. Tanmoy Chakrabarty - Independent Director, Chairman of Nomination and Remuneration Committee
  • Lt. Gen. Codanda Poovaiah Cariappa - Independent Director, Chairman of Stakeholders Relationship Committee
  • Mr. Giridhar Aramane - Independent Director, Chairman of Audit Committee
  • Ms. Ashmita Sethi - Independent Director, Chairperson of Risk Management Committee
  • Mr. Venkataraman Venkitachalam - Non-Executive Director
  • Mr. Abhay Maheshwari - Non-Executive Director

Other Attendees:

  • Mr. Shashidhar SK - Group Chief Financial Officer
  • Ms. Sonal Dudani - Company Secretary & Compliance Officer
  • Mr. Pradip Agarwal & Mr. Vishal Saraoji - Representatives of SR Batliboi & Associates, Statutory Auditors
  • Mr. Pramod S. M. - Representative of BMP & Co. LLP, Secretarial Auditors & Scrutinizer

Proposed Resolutions and Business Conducted

The following items of business from the AGM notice were put to vote:

1. Ordinary Resolution: Adoption of Audited Financial Statements (Standalone & Consolidated) for FY ended March 31, 2026

2. Ordinary Resolution: Appointment of Director, Mr. Venkatraman Venkitachalam (DIN: 05008694), liable to retire by rotation

3. Ordinary Resolution: Appointment of Mr. Abhay Maheshwari (DIN: 08004819) as Non-Executive, Non-Independent Director

4. Special Resolution: Appointment of Ms. Ashmita Sethi (DIN: 08660491) as Non-Executive, Independent Director

5. Special Resolution: Payment of Commission to Non-Executive Directors

6. Ordinary Resolution: Approval for Material Related Party Transactions - Corporate Guarantee and Security to be availed from Mistral Solutions Private Limited (Subsidiary)

7. Special Resolution: Approval for borrowing limits of the Company

8. Special Resolution: Approval for Creation of Charge on the Assets of the Company

Strategic Highlights from Chairman's Address

Dr. Sampath Ravinarayanan highlighted the Company's strategic transformation through divestment of engineering services business and increased focus on four core platforms of AXISCADES 3.0:

  • Aerospace Manufacturing
  • ACAT
  • XiDA
  • Space

He emphasized ongoing investments in manufacturing infrastructure, including:

  • Devanahalli Atmanirbhar Complex (DAC)
  • Missile Atmanirbhar Complex (MAC) facilities

The Chairman reiterated the Company's long-term vision under the "Power 930" initiative and highlighted significant growth opportunities in Aerospace, Defence, Space and AI infrastructure sectors.

Voting Process and Methods

  • Remote e-voting period: Friday, September 25, 2026 (9:00 AM IST) to Sunday, September 27, 2026 (5:00 PM IST)
  • At-meeting e-voting: Available for members who had not cast votes through remote e-voting
  • Scrutinizer: Mr. Pramod S. M. from M/s. BMP & Co. LLP appointed to supervise the e-voting process
  • Results disclosure: Voting results and Scrutinizer's Report to be submitted to Stock Exchanges and hosted on Company's website as per Regulation 44(3) of SEBI Listing Regulations

Compliance and Regulatory Aspects

The meeting was conducted in compliance with:

  • Companies Act, 2013
  • Relevant circulars issued by Ministry of Corporate Affairs (MCA)
  • SEBI regulations
  • Proxy-related procedures were dispensed with due to electronic meeting format
  • Statutory Registers were available for inspection by contacting the Company Secretary

Additional Proceedings

  • The Company Secretary introduced Directors and KMPs virtually present
  • Quorum was confirmed present before meeting commenced
  • Questions & Answers session was conducted for registered speaker members
  • The meeting concluded with a vote of thanks to shareholders, Board members, Auditors, and Management team