Meeting Details

  • Date: Thursday, 10th September, 2026
  • Time: 11:30 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered office of the Company
  • Type of Meeting: Annual General Meeting (AGM)

Attendees

Chairman: Mr. Ettore Francesco Sequi (Chairman and Non-Executive, Independent Director)

Directors in Attendance:

  • Mr. Tomaso Carraro (Vice Chairman and Non-Executive, Non-Independent Director, Promoter)
  • Dr. Balaji Gopalan (Managing Director)
  • Mr. Sudhendra Mannikar (Whole-time Director and Chief Operating Officer)
  • Mr. Davide Grossi (Whole-time Director and Chief Financial Officer)
  • Mrs. Uma Manoj Mandavgane (Non-Executive, Independent Director)
  • Mr. Kishore Mukund Saletore (Non-Executive, Independent Director)
  • Mr. Andrea Conchetto (Non-Executive, Non-Independent Director)

Absent Director: Mr. Enrico Gomiero (Non-Executive, Non-Independent Director) was unable to attend due to unforeseen exigency.

Other attendees included members of Senior Management, Statutory Auditor, and Secretarial Auditors.

Voting Process

  • Remote e-voting was provided through National Securities Depository Limited (NSDL)
  • Remote e-voting period: Monday, 07th September, 2026 at 9:00 a.m. (IST) to Wednesday, 09th September, 2026 at 5:00 p.m. (IST)
  • E-voting during meeting: Members who hadn't voted remotely could vote during the meeting
  • Scrutinizer: Ms. Ashwini Mohit Inamdar (M No: F9409), Senior Partner, or failing her, Ms. Alifya Sapatwala (M No: F24091), Partner of M/s. Mehta & Mehta, Practicing Company Secretaries
  • The facility for appointment of proxies was not applicable as the AGM was conducted through VC/OAVM

Resolutions Put to Vote

Ordinary Businesses:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended 31st March, 2026 with reports of Board and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Auditor's report

3. To declare a final dividend on 56,851,538 equity shares at rate of ₹6.75 per equity share (67.50%) for FY ended 31st March, 2026

4. To reappoint Mr. Davide Grossi (DIN:10252992), Whole Time Director and CFO, who retires by rotation

5. To reappoint Mr. Andrea Conchetto (DIN:10669692), Non-Executive Director, who retires by rotation

6. To consider appointment of M/s. MSKC & Associates LLP as Statutory Auditors

7. To consider ratification of remuneration payable to Cost Auditors for FY 2026-27

8. To consider and approve modification to material related party transaction

Additional Information

  • The Statutory Auditors' Reports contained no qualifications, observations, comments or other remarks
  • The Secretarial Audit Report contained one observation on material related party transaction for FY 2025-26, to which the Board provided a reply (forms part of Board's report)
  • Results of remote e-voting and voting during meeting were to be reconciled and declared within two working days after conclusion of AGM
  • The meeting concluded at 01:20 PM (IST), including time allowed for e-voting at the AGM
  • Documents including Register of Directors and Key Managerial Personnel, Register of Contracts were available for electronic inspection upon request

Compliance Statement

The meeting was conducted in compliance with General Circulars issued by MCA, SEBI, and applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.