Date: 24th September, 2026

KMP / Board / Auditor Changes

Reappointment of Directors:

  • Ms. Shikha Bansal (DIN: 02712175) was reappointed as a director who retired by rotation.
  • Mrs. Shruti Aggarwal (DIN: 08598962) was reappointed as a director who retired by rotation.

Continuation of Directorship:

  • Mr. Bhisham Kumar Gupta (DIN: 09493608), a Non-Executive Independent Director, was approved to continue in his role beyond the age of 75 years until the expiry of his current term on July 11, 2028. He will attain the age of 75 on June 5, 2027.
  • Mr. Gupta has 48 years of experience in the Mechanical Industry and is not related to any other Director or Key Managerial Personnel of the Company.

Auditor Ratification:

  • The remuneration of M/s JSN & Co., Cost Auditors, for the financial year 2026-27 was ratified.

Dividend Declaration or Non-Declaration

  • A Final Dividend of ₹1 per equity share (face value ₹10 each) for the financial year 2025-26 was declared and approved.

Board Meeting Outcomes

The following decisions were approved by shareholders at the 37th Annual General Meeting held on September 23, 2026:

Ordinary Resolutions (Passed):

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

2. Re-appointment of Ms. Shikha Bansal as a director.

3. Re-appointment of Mrs. Shruti Aggarwal as a director.

4. Declaration of Final Dividend of ₹1 per share for FY 2025-26.

5. Ratification of remuneration of Cost Auditors for FY 2026-27.

6. Reclassification and increase in the Authorised Share Capital from ₹85 crore to ₹95 crore, and consequential amendment of the Memorandum of Association.

Special Resolutions (Passed):

8. Approval for conversion of whole or part of outstanding loan availed from Bank of India (Lead Bank) and the consortium of lenders into equity shares of the Company, upon occurrence of an event of default.

9. Approval for continuation of Mr. Bhisham Kumar Gupta as an Independent Director beyond the age of 75 years.

Special Resolution (Not Passed):

7. Revision in the remuneration of Ms. Shikha Bansal, Whole-time Director. The resolution failed as votes in favour (71.0833%) were less than three times the votes against (28.9167%), as required.

Financial Results (Standalone & Consolidated)

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Voting Details:

  • The 37th AGM was held on September 23, 2026, through Video Conferencing/Audio-Visual Means.
  • The remote e-voting period was from September 20, 2026 (9:00 AM) to September 22, 2026 (5:00 PM).
  • The cut-off date for determining members entitled to vote was September 16, 2026.
  • The total paid-up equity share capital as of the cut-off date was ₹75,23,94,380, divided into 7,52,39,438 equity shares held by 44,911 shareholders.
  • The scrutinizer for the e-voting process was Kapil Kumar of Kapil Kumar & Co., Company Secretaries.
  • Detailed, category-wise voting results for all nine resolutions are provided in the annexures.