Meeting Details

  • Date and Time: The 44th AGM was held on Wednesday, 30th September 2026, commencing at 03:30 P.M. and concluding at 03:50 P.M.
  • Location and Type: The meeting was conducted entirely through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
  • Chairman: Dr. Ram H. Shroff, Managing Director and Executive Vice-Chairman, was elected to preside as the Chairman of the meeting.

Summary of Proposed Resolutions

The following ordinary and special business items, as set out in the notice convening the AGM, were considered:

Ordinary Business

1. Adoption of the Audited Financial Statements, including the Consolidated Financial Statements, for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and the Auditors thereon.

2. Re-appointment of Mr. Jaydev Mody (DIN: 00234797) as a director retiring by rotation.

Special Business

3. Approval for the continuation of Mr. Aurobind Patel (DIN: 00016628) as a Non-Executive, Independent Director after attaining the age of 75 years, pursuant to Regulation 17(1A) of the SEBI LODR.

4. Approval of Material Related Party Transactions with MMG Ferrites Private Limited (MFPL).

5. Approval of Material Related Party Transactions with Myra Mall Management Company Private Limited (MMMCPL).

6. Revision in the Remuneration of Dr. Ram H. Shroff (DIN: 00004865), Managing Director and Executive Vice-Chairman.

Voting Process and Methods

Pursuant to the Companies Act, 2013 and Regulation 44 of the SEBI LODR, the company provided two methods for shareholders to vote:

  • Remote E-Voting: The facility was available from 9:00 a.m. on Saturday, 26th September 2026, until 5:00 p.m. on Tuesday, 29th September 2026.
  • Electronic Voting at Meeting: Members who attended the meeting via VC/OAVM and had not cast their votes through remote e-voting were provided with a facility to vote electronically during the meeting.

Scrutinizer's Role

Mr. Ashish Jain of M/s. A.K. Jain & Co. was appointed as the scrutinizer to scrutinize the entire remote e-voting process and the voting at the meeting in a fair and transparent manner.

Dissemination of Voting Results

The Chairman confirmed that the results of the voting would be disseminated to the stock exchanges and uploaded on the company's website within the stipulated time, as well as on the website of NSDL.

Compliance Statement

The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI. The requisite quorum was present for the meeting.