Meeting Details

  • Type of Meeting: Postal Ballot (Remote e-voting only)
  • Cut-off Date: Friday, June 12, 2026
  • Voting Period: Thursday, June 18, 2026 (9:00 AM IST) to Friday, July 17, 2026 (5:00 PM IST)
  • Results Announcement: On or before Tuesday, July 21, 2026 (by 5:00 PM IST)
  • Scrutinizer: Mr. Sushil Kawadkar (Membership No. FCS 5725)
  • E-voting Agency: National Securities Depository Limited (NSDL)

Proposed Resolutions and Implications

Item No. 1 - Variation in Objects of Preferential Issue Funds (Special Resolution)

The company seeks approval to reallocate ₹235.04 crore of unutilized funds from a preferential issue originally approved on April 29, 2024. The original allocation was:

  • Strategic acquisitions/investments outside India: ₹164.54 crore (70%)
  • Expansion of business operations in India: ₹47.01 crore (20%)
  • Working Capital Requirement: ₹23.50 crore (10%)

As of June 15, 2026, only ₹1,14,646 has been utilized toward working capital.

The proposed new allocation is:

  • Strategic business acquisitions, investments through equity/debt/JVs, and expansion of business activities in and outside India: ₹200.00 crore
  • Working Capital and General Corporate Purposes: ₹35.04 crore

The variation would enable optimized fund utilization, address evolving business requirements, and enhance long-term shareholder value.

Item No. 2 - Revision in Remuneration of Mr. Sagar Meghe (Special Resolution)

Revision effective April 1, 2026 for Mr. Sagar Meghe (DIN: 00127487), Whole Time Director and Chairman:

  • Fixed Pay: ₹4,17,15,000 per annum
  • Gratuity: ₹10,03,248 as per company policy
  • Employer PF Contribution: ₹21,600 per annum as per company policy

Item No. 3 - Revision in Remuneration of Mr. Kaushik Khona (Special Resolution)

Revision effective April 1, 2026 for Mr. Kaushik Khona (DIN: 00026597), Managing Director, India Operations:

  • Fixed Pay: ₹3,15,00,000 per annum
  • Variable Pay: ₹31,50,000 (subject to performance/KPIs)
  • Total Pay: ₹3,46,50,000
  • Perquisites: Company SUV car with driver, medical coverage, gratuity of ₹7,57,572, PF contribution of ₹21,600

Item No. 4 - Revision in Remuneration of Dr. Abhay Kimmatkar (Special Resolution)

Revision effective April 1, 2026 for Dr. Abhay Kimmatkar (DIN: 01984134), Managing Director:

  • Fixed Pay: ₹1,26,77,212 per annum
  • Variable Pay: ₹39,23,229 (subject to performance/KPIs)
  • Total Pay: ₹1,66,00,441
  • Perquisites: Company SUV car with driver (maintenance up to ₹15,000/month), medical coverage, gratuity of ₹3,04,884, PF contribution of ₹21,600

Item No. 5 - Revision in Remuneration of Mr. Rohan Singh (Ordinary Resolution)

Revision effective April 1, 2026 for Mr. Rohan Singh, Executive Vice President-Strategic Initiatives:

  • Fixed Pay: ₹2,00,00,000 per annum (payable in AED)
  • Variable Pay: ₹10,00,000 (subject to performance/KPIs, payable in AED)
  • Total Pay: ₹2,10,00,000 per annum (payable in AED)
  • Perquisites: Gratuity of ₹4,80,996, PF contribution of ₹15,55,608

Voting Process and Methods

The company has engaged NSDL to provide remote e-voting facilities. The notice is being sent only through electronic mode to members whose email addresses are registered with the company/depositories as of the cut-off date. Members can vote through:

  • NSDL e-Voting system
  • CDSL Easi/Easiest facility
  • Depository participants

Institutional shareholders must submit board resolutions/authority letters to the scrutinizer.

Compliance Statements

The notice is issued pursuant to:

  • Section 110 of the Companies Act, 2013
  • Rule 20 & 22 of the Companies (Management and Administration Rules, 2014)
  • MCA Circulars including General Circular No. 14/2020, 17/2020, and latest Circular No. 03/2025
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings (SS-2)

The resolutions, if passed by requisite majority, will be deemed passed on the last date of e-voting (July 17, 2026).

Additional Information

The postal ballot notice is available on the company's website (www.cstech.ai) and stock exchange websites. Members without registered email addresses must follow specified procedures to receive the notice and voting credentials.