Meeting Details

  • Meeting Type: 43rd Annual General Meeting (AGM)
  • Date: Tuesday, September 29, 2026
  • Time: 2:30 PM (IST)
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Deemed Venue: Registered Office at Plot No.90/C, 90/D, Phase -1, I.D.A., Jeedimetla, Hyderabad, Telangana-500 055

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026, together with reports of Board of Directors and Statutory Auditors, and Audited Consolidated Financial Statements with Statutory Auditors' report.

2. Re-appointment of Director: To appoint Mr. Rakesh Chopdar (DIN: 01795599) who retires by rotation and offers himself for re-appointment.

Special Business

3. Increase in Remuneration for Mr. Rakesh Chopdar: To approve increase in remuneration to ₹528 Lakhs per annum (inclusive of all allowances, benefits and perquisites) for the period from April 1, 2026 to September 12, 2026 (remainder of existing term).

4. Re-appointment of Mr. Rakesh Chopdar: To re-appoint as Whole-Time Director, Chairman and Chief Executive Officer for 5 years from September 13, 2026 to September 12, 2031 at remuneration of ₹528 Lakhs per annum.

5. Re-appointment of Mrs. Jyoti Chopdar: To re-appoint as Whole-Time Director for 5 years from September 13, 2026 to September 12, 2031 at remuneration of ₹120 Lakhs per annum (Ordinary Resolution).

6. Re-appointment of Mr. Vishnu Malpani: To re-appoint as Whole-Time Director for 5 years from September 13, 2026 to September 12, 2031 at remuneration of ₹130 Lakhs per annum (₹120 Lakhs fixed + ₹10 Lakhs variable pay).

Voting Process and Methods

  • Remote E-Voting Period: Saturday, September 26, 2026 at 9:00 a.m. (IST) to Monday, September 28, 2026 at 5:00 p.m. (IST)
  • Cut-off Date: Friday, September 18, 2026
  • Voting Methods: Remote e-voting through KFin Technologies Limited platform
  • VC/OAVM Access: Available 45 minutes before meeting and until 15 minutes after conclusion
  • Scrutinizer: Mr. Ashish Gaggar, Practicing Company Secretary (FCS No. 6687, CP No. 7321)
  • Voting Platform: KFin Technologies Limited (RTA)
  • E-Voting Event Number: 10067

Shareholder Information

  • Register Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • Record Date: August 28, 2026 for receiving notice
  • Document Availability: Notice and Annual Report available on company website (https://azad.in/company-announcements/), BSE, NSE, and KFin websites
  • KYC Requirement: Members must update details with Depository Participants for communication

Compliance with Regulations

The meeting is conducted in compliance with:

  • MCA General Circular No.3 dated September 22, 2025 and subsequent circulars
  • Companies Act, 2013 and Rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular SEBI/HO/CFD/CFD-PoD2/P/CIR/2024/133 dated 3 October, 2024
  • Secretarial Standards on General Meetings (SS-2) issued by ICSI

Additional Information

  • Explanatory Statement: Provided pursuant to Section 102(1) of Companies Act, 2013 for special business items
  • Director Details: Comprehensive information provided for directors seeking appointment/re-appointment including qualifications, experience, shareholding, and remuneration history
  • VC Capacity: Facility available for 100,000 members on first-come-first-served basis, excluding large shareholders (2%+), promoters, institutional investors, directors, KMPs, committee chairpersons, scrutinizer, and auditors
  • Quorum: Members attending through VC shall be counted for quorum under Section 103 of the Act
  • Result Declaration: Voting results to be announced on or before October 1, 2026 and displayed on company website