Meeting Details

The 54th Annual General Meeting was held on Thursday, August 13, 2026 through video conference (VC)/other Audio Visual Means (OAVM). The meeting commenced at 04:00 P.M. and concluded at 04:55 P.M.

Proceedings Summary

The meeting was conducted using the "InstaMeet" platform provided by the Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited). Ms. Rashmi Aswal, M.Com, ACS was appointed as the scrutinizer for remote e-voting process and electronic voting at the meeting.

Resolutions Considered and Approved

1. Financial Statements Adoption: Shareholders received, considered, and adopted the financial statements of the Company for the year ended March 31, 2026 together with Reports of the Directors and Auditors thereon.

2. Dividend Declaration: Shareholders declared a dividend of ₹1.00 per equity share of face value of ₹10 each for the financial year 2025-26.

3. Director Appointment: Shareholders approved the appointment of Mr. Naresh Kumar Verma as Executive Director-Operations of the Company.

4. Cost Auditor Remuneration: Shareholders ratified the remuneration payable to M/s M.K. Kulshrestha & Associates, Cost Auditors of the Company for the Financial Year 2026-27.

Director Appointment Details

Name: Mr. Naresh Kumar Verma

DIN: 07087356

Reason for Change: Appointment

Date and Term: Appointment as Executive Director-Operations for a period of five years with effect from June 01, 2026

Qualifications: Master in Commerce and holds a Post Graduate Diploma in Personnel Management & Industrial Relations

Experience: 44 years of experience in companies including VXL India Limited, Bhartia Curtler Hammer, Daikin Shriram Air Conditioning

Current Directorships: Raunaq International Limited and Vibrant Reality Infra Private Limited (Companies within the group)

Relationships between Directors inter-se: None

Voting and Results

The voting results of resolutions passed at the AGM were to be displayed on the company website and communicated to stock exchanges upon receipt of the report from the scrutinizer. E-voting remained open for 15 minutes after the conclusion of the AGM.