Meeting Details
The 37th AGM was held on September 23, 2026, through Video Conference/Other Audio Visual Means. The meeting commenced at 11:00 AM IST and concluded at 12:05 PM IST. The registered office of the Company at Kundaim, Goa was deemed to be the venue of the AGM.
Compliance Framework
The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and circulars issued by SEBI, following applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Attendance
Ms. Supriya Banerji, Chairperson of the Board, presided over the meeting. Other attendees included Guido Picari, Non-Executive Director, the Managing Director, and authorized representatives of members. All participants joined through VC/OAVM from their respective locations.
Proceedings
The Company Secretary welcomed members and briefed them on participation details. The Chairperson addressed members regarding the company's performance during FY 2025-26, followed by the Managing Director who briefed on business operations and key developments. The notice convening the AGM and the statutory auditors' report were taken as read, with no qualifications, observations, or adverse remarks noted.
Resolutions Considered
Ordinary Business
1. Adoption of Audited Financial Statements for the financial year ended March 31, 2026
2. Declaration of Dividend on Equity Shares
3. Re-appointment of Mr. Deepak Nagvekar (DIN: 11300643), who retires by rotation, as Director
Special Business
4. Approval for increase in transactions with Industrie De Nora S.p.A. (Related Party)
5. Approval for continuing Related Party Transactions with Industrie De Nora S.p.A.
6. Approval of remuneration payable to Cost Auditors for financial year ending March 31, 2027
Voting Process and Shareholder Engagement
Members were given opportunity to register as speakers and ask questions during the AGM. The company appropriately responded to questions raised and provided clarifications. E-voting facilities were available and remained open for an additional 15 minutes during the meeting for members to cast their votes.
Outcome
All resolutions set forth in the notice were deemed to be passed. The voting results with details of votes cast will be submitted to the Stock Exchanges and placed on the company's website.