Meeting Details
The 44th Annual General Meeting was held on Monday, September 28, 2026 at 10:30 AM IST via Video Conferencing/Other Audio Visual Means. The deemed venue was the Registered Office at 4771, Bharat Ram Road, 23 Daryaganj, New Delhi-110002.
Attendees
The following directors, officials and auditors attended virtually:
- Mr. Mangilall Sethia - Executive Director and Chairman
- Mr. Kamal Sethia - Managing Director, Chairman of CSR Committee, Member of Audit Committee and Stakeholders Relationship Committee
- Mr. Sanjeev Sethia - Executive Director
- Mr. Sumit Sethia - Executive Director and member of CSR Committee
- Dr. Shantilal Sarnot - Independent Director and Member of Audit Committee, Nomination and Remuneration Committee
- Mr. Ashis Chandra Guha - Independent Director
- Ms. Shilpa Baid - Independent Director and Member of Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee
- Ms. Priyanka Jain - Independent Director and Chairperson of Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee and member of CSR Committee
- Mr. Raj Karan Chhajer - Chief Financial Officer
- Mr. Akash Sethia - Head of Strategies
- Ms. Lata Rani Pawa - Company Secretary and Compliance Officer
- Mr. Shivam Malhotra - Senior Manager, M/s. S.R. Batliboi & Co. LLP, Chartered Accountants, Statutory Auditors
- Mr. Nishant Bhansali - Partner, M/s. Oswal Sunil & Company, Chartered Accountants, Internal Auditors
- Mr. Pramod Prasad Agarwal - Proprietor, P.P. Agarwal & Co., Company Secretaries, Secretarial Auditor and scrutinizer
Resolutions Considered
The following resolutions were presented for voting:
1. Adoption of audited Standalone Financial Statements for FY 2025-26 with Reports of Board of Directors and Auditors (Ordinary Resolution)
2. Adoption of audited Consolidated Financial Statements for FY 2025-26 with Report of Auditors (Ordinary Resolution)
3. Appointment of Director in place of Mr. Mangilall Sethia (DIN: 00081367) who retires by rotation (Ordinary Resolution)
4. Appointment of Director in place of Mr. Kamal Sethia (DIN: 00081116) who retires by rotation (Ordinary Resolution)
5. Re-appointment of Dr. Shanti Lal Sarnot (DIN: 01899198) as Independent Director for second term from September 30, 2026 to September 29, 2031 (Special Resolution)
6. Re-appointment of Mr. Ashis Chandra Guha (DIN: 09352987) as Independent Director for second term from October 8, 2026 to October 7, 2031 (Special Resolution)
7. Rectify Remuneration of Cost Auditor (Ordinary Resolution)
Voting Process and Methods
The company engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facility. Remote e-voting period commenced on Friday, September 25, 2026 at 9:00 AM and ended on Sunday, September 27, 2026 at 5:00 PM. Members who had not voted through remote e-voting could cast votes through e-voting facility during the AGM.
Scrutinizer Appointment
Mr. Pramod Prasad Agarwal from M/s. P.P Agarwal & Co., Company Secretaries was appointed as Scrutinizer for conducting remote e-voting and e-voting in a fair and transparent manner.
Results Publication
The combined results for remote e-voting and e-voting during the AGM were to be placed on the company website within 48 hours from conclusion of meeting and submitted to Stock Exchanges as per relevant provisions.
Additional Procedural Information
The AGM Notice, Standalone and Consolidated Financial Accounts for FY 2025-26, Board's Report and Auditors' Report were sent electronically to all members whose email IDs were registered with the Company/RTA/Depositories as on August 28, 2026. For shareholders without registered email, a letter containing web link to access the complete Annual Report was sent.
Mr. Kamal Sethia, Managing Director, chaired the meeting as Mr. Mangilall Sethia was unwilling to act as Chairman due to health reasons. Quorum was confirmed present by the Moderator.
The meeting concluded at 10:51 AM, with e-voting facility kept open for additional 15 minutes to enable shareholders to cast votes.