Meeting Details

The 91st Annual General Meeting was held on Wednesday, 26th August, 2026 at 03:00 P.M. (IST) through two-way Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue was the registered office of the Company at Dhampur, District Bijnor in the State of Uttar Pradesh. The meeting concluded at 04:47 P.M.

Attendees

Directors Present:

  • Mr. Ashok Kumar Goel, Chairman and Whole Time Director
  • Mr. Gaurav Goel, Vice Chairman and Managing Director
  • Mr. Anuj Khanna, Non-Executive Independent Director
  • Mr. Yashwardhan Poddar, Non-Executive Independent Director
  • Mr. Satpal Kumar Arora, Non-Executive Independent Director
  • Mrs. Pallavi Khandelwal, Non-Executive Independent Director
  • Mr. Subhash Pandey, Whole Time Director

In Attendance:

  • Mr. Susheel Kumar Mehrotra, Chief Financial Officer
  • Mr. Akshat Kapoor, Chief Operating Officer
  • Mr. Vineet Kumar Gupta, President Finance
  • Mr. Ishaan Goel, General Manager
  • Ms. Aparna Goel, Company Secretary
  • Representatives from Joint Statutory Auditors Mittal Gupta & Co. and TR Chadha & Co. LLP
  • Mr. Saket Sharma, Partner, GSK & Associates, Secretarial Auditors and Scrutinizer

Proposed Resolutions and Implications

The AGM considered nine resolutions covering financial statements, dividend declaration, director appointments, and remuneration approvals:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-26

2. Ordinary Resolution: Confirmation of interim dividend at 20% (₹2.00 per equity share) as final dividend for FY 2025-26

3. Ordinary Resolution: Reappointment of Mr. Subhash Pandey who retired by rotation

4. Ordinary Resolution: Payment of remuneration of ₹2,00,000 plus taxes to Cost Auditor for FY 2026-27

5. Special Resolution: Payment of commission to Non-Executive Independent Directors not exceeding 1% of net profits for FY 2025-26

6. Special Resolution: Payment of minimum remuneration to Mr. Ashok Kumar Goel, Chairman and Executive Director

7. Special Resolution: Payment of minimum remuneration to Mr. Gaurav Goel, Vice Chairman and Managing Director

8. Special Resolution: Reappointment of Mr. Anuj Khanna as Non-Executive Independent Director for five years until June 6, 2031

9. Special Resolution: Reappointment of Mr. Subhash Pandey as Whole-Time Director for three years from September 25, 2026, with remuneration of ₹80,00,000 per annum plus perquisites

Voting Process

The remote e-voting facility was made available through NSDL from Saturday, 22nd August, 2026 (9:00 A.M. IST) to Tuesday, 25th August, 2026 (5:00 P.M. IST). Members who had not cast votes through remote e-voting were able to vote through e-voting during the AGM, with the facility remaining active for thirty minutes after the meeting concluded.

Key Voting Outcomes

All resolutions were passed with requisite majority. The scrutinizer, Mr. Saket Sharma of GSK & Associates, prepared a consolidated report of remote e-voting and e-voting at the AGM.

Resolution 1 - Adoption of Financial Statements:

  • Total votes in favor: 33,755,909 (99.99%)
  • Votes against: 73

Resolution 2 - Final Dividend Confirmation:

  • Total votes in favor: 33,795,042 (99.99%)
  • Votes against: 70

Resolution 3 - Reappointment of Mr. Subhash Pandey:

  • Total votes in favor: 33,788,484 (99.98%)
  • Votes against: 6,628

Resolution 4 - Cost Auditor Remuneration:

  • Total votes in favor: 33,792,772 (99.99%)
  • Votes against: 2,340

Resolution 5 - Commission to Non-Executive Directors:

  • Total votes in favor: 33,788,473 (99.98%)
  • Votes against: 6,639

Resolution 6 - Minimum Remuneration to Mr. Ashok Kumar Goel:

  • Total votes in favor: 25,758,110 (96.30%)
  • Votes against: 990,387

Resolution 7 - Minimum Remuneration to Mr. Gaurav Goel:

  • Total votes in favor: 24,669,639 (96.14%)
  • Votes against: 990,387

Resolution 8 - Reappointment of Mr. Anuj Khanna:

  • Total votes in favor: 33,788,338 (99.98%)
  • Votes against: 6,374

Resolution 9 - Reappointment of Mr. Subhash Pandey:

  • Total votes in favor: 33,788,163 (99.98%)
  • Votes against: 6,549

Scrutinizer's Role and Findings

Mr. Saket Sharma, the scrutinizer, prepared a report containing consolidated summary of results of remote e-voting and e-voting at the Annual General Meeting. The scrutinizer clubbed the remote e-voting results with results of e-voting at the AGM and submitted his report to the Chairman, who countersigned the same.

Compliance Confirmation

The meeting was conducted in accordance with General Circular No. 03/2025 dated 22nd September, 2025 issued by the Ministry of Corporate Affairs and SEBI circular no. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated 3rd October, 2024. All documents referred to in the Notice were made available electronically for inspection during the AGM.