Event Details
- Event: 44th Annual General Meeting
- Meeting Date: Thursday, August 20, 2026
- Timing: Commenced at 4:30 PM IST, concluded at 6:37 PM IST
- Mode: Video Conferencing
- Quorum: Required quorum was present
Voting Details
- Voting Method: E-voting facility provided
- Remote e-voting period: August 17, 2026 (9:00 AM IST) to August 19, 2026 (5:00 PM IST)
- Scrutinizer: Mr. Vijay Gupta, Managing Partner, M/s. VKGN & Associates, Chartered Accountants
- Document Availability: All statutory registers and documents referred to in the AGM notice were made available for inspection
Resolutions Approved
All business items/resolutions set out in the AGM notice were put to vote and approved:
1. Business Item 1: Adoption of Audited Financial Statements (including Consolidated Financial Statements) for financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Business Item 2: Declaration of dividend of ₹82 per equity share of face value ₹1 each for financial year ended March 31, 2026 (Ordinary Resolution)
3. Business Item 3: Re-appointment of Mr. Siddhartha Vikram Lal (DIN: 00037645) as Director, who retires by rotation (Ordinary Resolution)
4. Business Item 4: Appointment of Mr. Vinod Kumar Aggarwal (DIN: 00038906) as Executive Vice-Chairman (in capacity of Executive Director) effective from May 21, 2026 (Ordinary Resolution)
5. Business Item 5: Approval of remuneration payment to Mr. Vinod Kumar Aggarwal as Executive Vice-Chairman (Ordinary Resolution)
6. Business Item 6: Approval of Material Related Party Transactions between VE Commercial Vehicles Limited (VECV, subsidiary) and Volvo Group India Private Limited (related party of VECV) (Ordinary Resolution)
7. Business Item 7: Ratification of remuneration of ₹5,00,000 (Rupees Five Lakhs) payable to M/s. Jyothi Satish & Co., Cost Auditor for financial year 2025-26 (Ordinary Resolution)