Meeting Details

The 35th Annual General Meeting (AGM) of DCM Shriram Industries Limited was held on Wednesday, July 15, 2026, at 11:30 AM through Video Conference. The meeting was conducted in compliance with the Companies Act, 2013 and relevant MCA circulars.

Attendance

Directors Present:

  • Shri S.B. Mathur (Non-executive Director, New Delhi)
  • Shri Madhav B. Shriram (Managing Director & CEO, New Delhi)
  • Shri Uday Shriram (Dy. Managing Director, New Delhi)
  • Shri Rohan Shriram (Whole Time Director, New Delhi)
  • Shri Sanjay Rastogi (Director & COO (DSW), New Delhi)
  • Smt. V. Kavitha Dutt (Non-executive Director, Chennai)
  • Shri Sanjay C. Kirloskar (Independent Director, New Delhi)
  • Shri Manoj Kumar (Non-executive Director, New Delhi)
  • Shri Harjeet Singh Chopra (Independent Director, London)
  • Shri Sidharth Prasad (Independent Director, Bangalore)
  • Shri Anurag Surana (Independent Director, New Delhi)
  • Shri Kamal Kumar (Nominee Director, New Delhi)

Senior Executives:

  • Shri Vineet Manaktala (CFO, Delhi)
  • Shri Y.D. Gupta (Company Secretary, New Delhi)

By Invitation:

  • Shri Adhir Kapoor (Representative of BSR & Co. LLP, Statutory Auditors, New Delhi)
  • Shri Shasikant Tiwari (Representative of Chandrasekaran Associates, Secretarial Auditors, New Delhi)
  • Shri Kamaljit Singh (Scrutinizer for e-voting, Practicing Company Secretary, New Delhi)

The meeting was attended by 136 members/representatives of Corporate Members through Video Conference. Shri S.B. Mathur, Non-Executive Chairman, chaired the meeting.

Proceedings Summary

The meeting commenced with the Chairman welcoming shareholders and introducing the directors, auditors, scrutinizer, and senior management. The Company Secretary explained the procedural aspects, including the availability of instapoll voting and previous AGM minutes on the company website.

Chairman's Address:

Shri S.B. Mathur stated that despite geopolitical uncertainties from global conflicts, the company posted satisfactory results. The Board recommended a final dividend of ₹0.40 per share (20%) for FY 2025-26, considering the need to conserve resources for debt servicing, capital expenditure, and economic uncertainties.

MD & CEO's Address:

Shri Madhav B. Shriram briefed shareholders on operations and future outlook, presenting financial and operational results for 2025-26. He discussed the impact of geopolitical developments on the economy and company, thanked directors, customers, bankers, business associates, and employees for their contributions.

Resolutions Considered

Ordinary Business:

1. Adoption of Financial Statements for year ended March 31, 2026, with Auditors' and Board of Directors' Reports

2. Declaration of final dividend of ₹0.40 per equity share of ₹2 each (20%) for FY 2025-26

3. Reappointment of Shri Sunil Behari Mathur (DIN: 00013239) as Director liable to retire by rotation

4. Reappointment of Smt. V Kavitha Dutt (DIN: 00139274) as Director liable to retire by rotation

Special Business:

5. Ratification of Remuneration to Cost Auditors (Ordinary Resolution)

6. Appointment of Shri Sanjay Rastogi (DIN: 11712916) as Director & Chief Operating Officer (DSW) (Ordinary Resolution)

Shareholder Interaction

40 registered shareholders raised queries regarding the company's operations, financial performance, and future plans. The Managing Director addressed these queries and provided clarifications. Shareholders were informed that any unresolved queries or complaints regarding shareholder services or share transfers could be emailed to the company for prompt response.

Voting and Meeting Closure

The combined results of remote e-voting and instapoll voting were scheduled to be declared within 2 working days post-instapoll closure and placed on the company, BSE, and NSE websites. The meeting concluded at 1:05 PM after remaining open for instapoll voting for 15 minutes.