Meeting Details

The 146th Annual General Meeting was held on Friday, 7th August, 2026 at 11:30 a.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting concluded at 1:00 p.m. (IST).

The meeting was conducted in compliance with multiple MCA Circulars: No. 14/2020 (8th April, 2020), No. 17/2020 (13th April, 2020), No. 20/2020 (5th May, 2020), No. 02/2021 (13th January, 2021), No. 19/2021 (8th December, 2021), No. 02/2022 (5th May, 2022), No. 10/2022 (28th December, 2022), No. 09/2023 (25th September, 2023), No. 09/2024 (19th September, 2024), and No. 03/2025 (22nd September, 2025).

The deemed venue was the Registered Office of the Company at Neville House, J. N. Heredia Marg, Ballard Estate, Mumbai-400 001, India.

Attendance

All Directors, Manager, Chief Financial Officer & Chief Risk Officer (CFO & CRO), Company Secretary of the Company, and representatives of the Statutory Auditors, Cost Auditors, Secretarial Auditors, and Scrutinizers were present.

Proceedings Summary

Mr. Nusli N. Wadia, Chairman of the Board of Directors, chaired the meeting. The meeting was live streamed on the National Securities Depository (NSDL) website. Quorum requirements were met.

Statutory Registers and other documents required for inspection were available electronically on the NSDL website. Notice of the 146th AGM and Annual Report for Financial Year 2025-26 were sent by email to members with registered email addresses, and web links were provided to those without registered emails.

The Chairman reported no comments or qualifications in the Statutory Auditors' Reports for FY 2025-26. The Notice, Directors' Report, Financial Statements (Standalone and Consolidated), and Auditor's Reports were taken as read.

The Company responded to shareholder queries received in advance, with remaining queries to be responded to within three working days at registered email IDs.

Resolutions Voted On

The following seven resolutions were presented for voting:

Ordinary Resolutions:

  • Resolution No. 1: To receive, consider and adopt: (a) The Audited Standalone Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors; and (b) The Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Report of Auditors
  • Resolution No. 2: To declare dividend on Preference Shares for FY ended 31st March, 2026
  • Resolution No. 3: To declare dividend on Equity Shares for FY ended 31st March, 2026
  • Resolution No. 4: To appoint Dr. (Mrs.) Minnie Aarasp Bodhanwala (DIN: 00422067) who retires by rotation under Section 152(6) of Companies Act, 2013 and offers herself for re-appointment
  • Resolution No. 5: Ratification of Remuneration payable to Cost Auditors for FY ending 31st March, 2027

Special Resolutions:

  • Resolution No. 6: Payment of Remuneration to Non-Executive Directors (including Independent Directors) in event of absence or inadequacy of profit
  • Resolution No. 7: Re-appointment of Mr. Rajesh Kumar Batra (DIN: 00020764) as Non-Executive Independent Director for second term of five consecutive years and continuation post attaining age of 75 years

Voting Process

Remote e-voting was available from Tuesday, 4th August, 2026 at 9:00 A.M. (IST) to Thursday, 6th August, 2026 at 5:00 P.M. (IST). Members present at the AGM who had not voted remotely were allowed to vote during the meeting, with e-voting open for 30 minutes.

M/s. Parikh & Associates, Practicing Company Secretaries, Mumbai were appointed as Scrutinizer to scrutinize the e-voting process. Results were to be announced within two working days of conclusion of the AGM and intimated to Stock Exchanges, with uploads on the Company and NSDL websites.

Conclusion

The meeting concluded at 1:00 p.m. (IST) on August 7, 2026.