Blue Star Limited held its 78th Annual General Meeting on Thursday, August 6, 2026 at 3:30 p.m. (IST) through Video Conferencing/Other Audio Visual Means. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Mr. Rajesh Parte, Company Secretary & Compliance Officer, delivered the opening notes and informed members that Mr. Vir S Advani, Chairman of the Board, chaired the meeting. The requisite quorum was present at the meeting.
Attendance
Directors Present: All directors except Mr. Vipin Sondhi, Independent Director, who sought leave of absence due to unavoidable reasons.
Other Attendees:
- Mr. Nikhil Sohoni, Group Chief Financial Officer
- Representatives of Statutory Auditors
- Representatives of Secretarial Auditors
- Ms. Deepti Kulkarni or Mr. Omkar Dindorkar, Partner of MMJB & Associates LLP, Company Secretaries (appointed as Scrutiniser)
Voting Arrangements
The Company provided remote e-voting facility through NSDL for shareholders to cast votes electronically on all resolutions. Members present at the AGM who had not exercised their vote through remote e-voting were allowed to cast their vote through the e-voting system during the AGM.
Business Transacted
The following resolutions were transacted and approved by shareholders with requisite majority:
ORDINARY BUSINESS:
1. Adoption of Audited Standalone Financial Statement for financial year ended March 31, 2026, along with reports of Board of Directors and Auditors (Ordinary Resolution)
2. Adoption of Audited Consolidated Financial Statement for financial year ended March 31, 2026, together with report of Auditors (Ordinary Resolution)
3. Declaration of Final Dividend of ₹8.5 per equity share of face value ₹2 each for financial year ended March 31, 2026 (Ordinary Resolution)
4. Re-appointment of Mr. Rajiv R Lulla (DIN: 06384402) as a Director liable to retire by rotation (Ordinary Resolution)
SPECIAL BUSINESS:
5. Approval of remuneration payable to Narasimha Murthy & Co, Hyderabad, Cost Accountants (Firm Registration No. 000042) as Cost Auditors for financial year ended March 31, 2027 (Ordinary Resolution)
Meeting Proceedings
The Chairman delivered a formal speech apprising members of the Company's performance for financial year 2025-26 and Q1FY27. The Statutory Auditors' and Secretarial Auditors' reports did not contain any adverse qualifications, observations or comments and were not read at the meeting.
Members who had registered as speakers were invited to offer comments and seek clarifications, which were responded to by the Chairman.
The e-voting facility remained open for 15 minutes post conclusion of the AGM. The consolidated voting results (remote e-voting and e-voting) along with the Scrutiniser's Report will be disseminated to Stock Exchanges and placed on the website of NSDL and the Company.
The meeting concluded at 5:05 p.m. (IST).