Meeting Logistics
- The 19th AGM was held physically on Tuesday, 21 July 2026 at 12:30 p.m.
- The venue was the company's Registered Office at Mumbai - Pune Road, Akurdi, Pune - 411035.
- The meeting was chaired by Shri Niraj Bajaj, Chairman of the Company.
- A total of 202 members were present, either in person or through proxy, constituting the requisite quorum.
- The meeting commenced at 12:30 p.m. and concluded at 2:45 p.m.
- The company provided a facility for a one-way live webcast of the proceedings, accessible via the website of the Registrar, KFin Technologies Limited (KFin).
Attendees and Officials
Key individuals present at the meeting were introduced by the Chairman:
- Directors & Key Managerial Personnel: Present on the dais or via video conferencing.
- Committee Chairmen: Confirmed presence of Shri Anami N. Roy (Audit Committee and Risk Management Committee), Dr. Naushad Forbes (Nomination & Remuneration Committee), and Shri Pradip Shah (Stakeholders' Relationship Committee).
- Auditors: Confirmed presence of Shri Paul Alvares (Partner, S R B C & CO LLP, Statutory Auditors), Shri R. B. Laddha (Cost Auditor), and Shri Vaibhav Dandawate (Partner, Makarand M Joshi & Co., Secretarial Auditors and Scrutiniser).
- Management: The Chief Financial Officer and the Company Secretary were present.
Business Conducted
The Chairman briefed members on the following items of business from the AGM notice:
Ordinary Business (Ordinary Resolutions)
1. Adoption of Financial Statements: Adoption of the audited standalone and consolidated financial statements for the financial year ended 31 March 2026, along with the Directors' and Auditors' Reports thereon.
2. Declaration of Dividend: Declaration of a dividend of ₹150 per equity share (face value of ₹10 each) for the financial year ended 31 March 2026.
3. Re-appointment of Director: Re-appointment of Shri Sanjiv Bajaj (DIN: 00014615), who retired by rotation.
Special Business
4. Ratification of Cost Auditor Remuneration: Ratification of remuneration payable to the Cost Auditor (Ordinary resolution).
5. Commission to Non-Executive Directors: Approval for payment of commission to Non-executive Directors for a period of five years commencing from 1 April 2026 (Special resolution).
6. Appointment of Joint Managing Director: Appointment of Rakesh Sharma (DIN: 08262670) as Joint Managing Director with effect from 1 June 2026 (Special resolution).
Shareholder Interaction and Addresses
- Members present were invited to make comments and raise queries regarding the company's accounts, businesses, and related matters.
- Clarifications were provided by Shri Rakesh Sharma (Joint Managing Director), Shri Pradeep Shrivastava (Executive Director), and Shri Dinesh Thapar (CFO).
- Shri Rajiv Bajaj, Managing Director & CEO, addressed the members, providing business insights and responding to remaining queries. He thanked members for their participation and constructive suggestions.
Voting Process and Results
- The company had provided members with the facility for remote e-voting on all resolutions prior to the meeting.
- Members present at the meeting who had not voted remotely were given an opportunity to cast their votes at the end of the meeting.
- The Chairman authorized the Company Secretary and the Scrutiniser to coordinate the e-voting process.
- The e-voting results along with the consolidated Scrutiniser's Report are to be filed with the stock exchanges (BSE and NSE) not later than 23 July 2026.
- The results will also be placed on the websites of the company and KFin Technologies Limited.
Documents and Registers
The Chairman informed members that all necessary documents and registers, as required under the Companies Act, 2013, were available for inspection during the meeting.
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