Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: Commenced at 03:00 P.M. and concluded at 03:43 P.M. (IST)
  • Location: Held through Video Conferencing (VC)
  • Type: Annual General Meeting
  • Deemed Venue: Corporate Office of the Company

Proposed Resolutions and Implications

The AGM considered the following six resolutions:

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone & Consolidated) for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Statutory Auditors.

2. Re-appointment of Mr. Rahul Roshanlal Chadda (DIN: 06900066) who retired by rotation.

Special Business:

3. Appointment of M/s. NNJ & Co., Practicing Company Secretaries (Firm Registration Number: P2026MH480700) as Secretarial Auditors.

4. Approval of material related party transaction limits with M/s. CMPL SCR Joint Venture ('CSJV').

5. Approval of material related party transaction limits with M/s. KSR Freight Carriers ('KFC').

6. Approval of material related party transaction limits with Chadda Infraprojects LLP.

Voting Process and Methods

The voting process was conducted as follows:

  • Remote e-voting facility was provided through NSDL platform
  • E-voting period: September 26, 2026 (9:00 A.M. IST) to September 29, 2026 (5:00 P.M. IST) - 4 days duration
  • Shareholders attending the AGM could cast votes during the meeting through e-voting system
  • Facility remained open for 15 minutes after meeting conclusion at 03:43 P.M.
  • Mr. Sachin Singh, Proprietor of M/s. Sachin Singh & Associates, was appointed as Scrutinizer

Key Voting Outcomes

All six resolutions received 100% votes in favor with no votes against any resolution.

Financial and Operational Highlights Presented

  • Revenue from operations: ₹1,677.66 crore (17.29% growth)
  • Operating EBITDA: ₹430.67 crore (23.21% growth)
  • Profit after tax: ₹157.14 crore (17.77% growth)
  • Capital expenditure: ₹635.40 crore (funded from operating cash and new borrowing)
  • IPO proceeds utilization: ₹208 crore used to prepay fleet loans
  • Credit rating: CRISIL upgraded to A- with positive outlook (August 2026)
  • Order book: ₹9,550.89 crore as on 15 May 2026
  • Fleet expansion and two new mine sites opened

Attendance and Participation

Directors Present through VC:

  • Mr. Mohit Satishkumar Chadda (Chairman and Managing Director)
  • Mr. Manish Krishanlal Chadda (Executive Director)
  • Mr. Rahul Roshanlal Chadda (Executive Director)
  • Mrs. Priya Anuj Chadda (Executive Director)
  • Mr. Rajendra Prasad Shukla (Independent Director and Chairperson of Audit Committee and Stakeholders Relationship Committee)
  • Mr. Kawal K Jaggi (Independent Director)
  • Mr. Balasubramanyam Danturti (Independent Director)
  • Mr. Anil Kumar Jha (Independent Director and Chairperson of Nomination and Remuneration Committee)

Key Managerial Personnel Present through VC:

  • Mr. Nikhil Kamalkishor Karwa (Chief Financial Officer)
  • Ms. Riddhi Harish Varma (Company Secretary & Compliance Officer)

Others Present by Invitation:

  • M/s. Kailash Chand Jain & Co., Statutory Auditors
  • M/s. PDTS & Associates, Secretarial Auditors
  • Mr. Sachin Singh, Scrutinizer for E-voting
  • 31 Members present through VC

Compliance and Regulatory Aspects

The meeting was conducted in compliance with:

  • Circulars issued by Ministry of Corporate Affairs (MCA)
  • Securities and Exchange Board of India (SEBI) regulations
  • Companies Act, 2013 and Rules thereunder
  • All statutory registers and documents were available for inspection
  • Results and scrutinizer's report to be made available on company website and disseminated to stock exchanges within two working days