Meeting Details
The 55th AGM was held on Wednesday, August 5, 2026, commencing at 11:30 AM IST and concluding at 1:18 PM IST. The meeting was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and the provisions of the Companies Act, 2013.
Attendance and Quorum
A total of 70 members attended the meeting. The meeting was chaired by Dr. (Hon.) Deepak C. Mehta, Chairman & Managing Director.
Directors Present:
- Dr. (Hon.) Deepak C. Mehta - Chairman & Managing Director
- Shri Mautik Mehta - Deputy Managing Director
- Shri Meghav Mehta - Deputy Managing Director
- Shri Sanjay Upadhyay - Director (Finance) & Group CFO
- Shri Girish Satarkar - Executive Director
- Shri Ajay C. Mehta - Non-Executive Director
- Shri Punit Lalbhai - Independent Director
- Shri Viput Shah - Independent Director (attending on behalf of the Audit Committee Chairperson)
- Shri Mahesh Chhabria - Independent Director
- Dr. Arvind Nath Agrawal - Independent Director
- Ms. Bhumika Batra - Independent Director
Directors Absent:
- Shri Dileep Choksi - Independent Director and Chairperson of Audit Committee
Other Representatives:
- Shri Arvind Bajpai - Company Secretary
- Shri Hardik Sutaria - Partner, Deloitte Haskins & Sells LLP (Statutory Auditors)
- Shri Dinesh Joshi - Designated Partner, KANJ & Co. LLP (Secretarial Auditors)
Summary of Proposed Resolutions
The following 14 resolutions were proposed for voting:
Ordinary Business:
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026.
2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026.
3. Declaration of a final dividend of ₹7.50 (375%) per equity share of face value ₹2.00 for FY 2025-26.
4. Re-appointment of Shri Girish Satarkar (DIN: 00340116), who retired by rotation.
5. Appointment of Shri Anant Pande (DIN: 08185854) as a Director liable to retire by rotation, in place of Shri Ajay C. Mehta (DIN: 00028405).
Special Business:
6. Appointment of Shri Anant Pande (DIN: 08186854) as Executive Director & CMO for 3 years from August 5, 2026.
7. Re-appointment and elevation of Shri Mautik Mehta (DIN: 05227790) as Deputy Managing Director for 5 years from May 9, 2026.
8. Elevation and appointment of Shri Meghav Mehta (DIN: 05229853) as Deputy Managing Director for 5 years from May 9, 2026.
9. Re-appointment of Shri Sanjay Upadhyay (DIN: 01776546) as Director (Finance) & Group CFO for 5 years from August 1, 2026.
10. Re-appointment of Shri Girish Satarkar (DIN: 00340116) as Executive Director for 3 years from August 4, 2026.
11. Appointment of Shri Mitin Mehta (DIN: 01297508) as an Independent Director for 3 years from August 7, 2026.
12. Appointment of Shri Adnan Ahmad (DIN: 00046742) as an Independent Director for 3 years from August 7, 2026.
13. Payment of Remuneration to Executive Directors who are Promoters or members of Promoter Group.
14. Ratification of remuneration of the Cost Auditor for the financial year 2026-27.
Voting Process
The remote e-voting period was open from 9:00 AM on August 2, 2026, until 5:00 PM on August 4, 2026. E-voting was also available during the AGM and continued for 15 minutes after its conclusion. The resolutions were explained to members by the Company Secretary.
Compliance Statement
The meeting was held in compliance with the General circulars issued by the Ministry of Corporate Affairs (MCA) and circulars issued by the Securities and Exchange Board of India (SEBI) and as per the applicable provisions of the Companies Act, 2013.