AGM Overview

Event: 83rd Annual General Meeting

Date and Time: Tuesday, 25th August, 2026 at 3:00 p.m. (IST)

Conclusion Time: 03:23 p.m.

Mode: Conducted through Video Conference (VC)/Other Audio-Visual Means (OAVM) facility

Business Transacted

Ordinary Business:

1. Receipt, consideration, and adoption of the Audited Balance Sheet as at 31st March, 2026 and the Profit and Loss Account for the year ended on that date together with the Report of the Directors and Auditors thereon.

2. Declaration of dividend at the rate of 10% on 10% Cumulative Non-Convertible Redeemable Preference Shares for the financial year 2025-26.

3. Appointment of a director in place of Mr. Vinaychand Yadaysingh Kothari (DIN: 00010974), who retires by rotation and being eligible, offered himself for re-appointment.

All business items were transacted through remote e-voting facility and were passed with requisite majority.

Attendance and Participation

Total number of shareholders as on cut-off date (18th August, 2026): 3545

Number of shareholders attended the meeting through Video Conferencing: 19

  • Promoters & Promoter Group: 2
  • Public: 17

The meeting had requisite quorum present. Mr. Dilip Kothari, Joint Managing Director and CFO, chaired the meeting as Mr. Vinaychand Kothari (Chairman & Managing Director) and Mrs. Neelam Kothari (Director) were excused due to a death in the family.

Proceedings Details

The Company Secretary, Statutory Auditors, Secretarial Auditors and Scrutinizer were present at the AGM.

The Notice convening the AGM dated 27th July, 2026, the Statutory Auditor's Report and Secretarial Auditor's Report for the year ended 31st March, 2026 were taken as read.

There were no qualifications, observations or adverse remarks in the Statutory Auditor's Report.

Comments on observations in the Secretarial Audit Report were duly mentioned in the Directors Report.

Members who had not cast votes through remote e-voting were given opportunity to cast votes electronically through CDSL platform during the meeting.

The e-voting facility remained open for 15 minutes after the meeting conclusion.

The Scrutinizer will submit his report on e-voting and voting at the AGM within two working days of the meeting.

The combined results will be submitted to the Stock Exchange and uploaded on the Company website: www.ushaascot.com