Meeting Details

  • Date: Wednesday, 30th September, 2026
  • Time: 11:00 A.M. IST
  • Location: Conducted electronically through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type of Meeting: 41st Annual General Meeting
  • Members Present: 63 members attended through electronic means

Meeting Proceedings

Shri Devendra Surana, Managing Director of the Company, chaired the meeting. The Chairman confirmed quorum was present and called the meeting to order. The meeting was conducted pursuant to circulars issued by the Ministry of Corporate Affairs and SEBI.

The Company made all feasible efforts to enable member participation through video conferencing and electronic voting facilities. Statutory Registers were made available electronically for inspection by members during the meeting.

Voting Process

  • Voting was conducted electronically on all resolutions set forth in the AGM Notice
  • Members could cast votes through the e-voting system (Insta Poll) provided by KFin Technologies Limited (KFintech)
  • No voting by show of hands was conducted
  • Mrs. Rakhi Agarwal, Practicing Company Secretary, was appointed as scrutinizer to supervise the e-voting process
  • Members who had not voted earlier through remote e-voting were given 15 minutes to vote during the meeting before the system was automatically disabled

Resolutions Considered

Ordinary Business

1. Receipt, consideration and adoption of:

  • Audited Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors

2. Appointment of Shri Venkateswara Rao Nukala (DIN: 10481800) as Director who retires by rotation

Special Business

3. Approval and ratification of remuneration of Cost Auditors for FY 2026-27 (Ordinary Resolution)

4. Re-appointment of Shri Devendra Surana (DIN: 00077296) as Managing Director (Special Resolution)

5. Approval of transactions under section 185 of Companies Act, 2013 (Special Resolution)

6. Approval of loan and investment under section 186 of Companies Act, 2013 (Special Resolution)

7. Approval of material related party transactions with Tieramet Limited for FY 2026-2027 (Ordinary Resolution)

Shareholder Interaction

One shareholder registered as speaker inquired about:

  • Company's EBITDA margin
  • Proposed future capital expenditure (Capex)
  • Business plan

The Chairman responded and provided requisite insights to the queries.

Voting Results and Compliance

The results of voting will be declared within 2 working days of the conclusion of the AGM. The voting results will be displayed on the Company's website and submitted to the Stock Exchanges.

Meeting Conclusion

The meeting concluded at 11:35 A.M. after the Chairman thanked the shareholders present.

Additional Information

  • Company CIN: L27201TG1985PLC012449
  • The reports of Statutory Auditors and Secretarial Auditor were unqualified and without any adverse observations or comments