Meeting Details

The 55th AGM was held on Wednesday, September 16, 2026, at 12:00 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was hosted from the company's Registered Office at 301, Kailash Vaibhav Complex, G Wing, 3rd Floor, Vikroli West, Parksite, Behind Godrej Colony, Mumbai, Maharashtra – 400079. The meeting commenced at 12:00 P.M. and concluded at 12:19 P.M., lasting 19 minutes.

Attendance

The following individuals were present:

  • Directors: Mr. Apurva Shivaji Adhalrao (Director & Chairperson), Mr. Akshay Shivaji Adhalrao (Managing Director), Mrs. Madhuri Akshay Adhalrao (Director), Mr. Rajendra Senapati (Non-Executive Independent Director), Mr. Rohit Rajendra Goyal (Non-Executive Independent Director).
  • Key Managerial Personnel: Ms. Shruti Sharma (Company Secretary & Compliance Officer).
  • Auditors & Scrutinizer: Mr. Shyam Ji Gupta (Partner, M/s. B.C. Jain & Co., Statutory Auditor), Mr. Awashesh Dixit (Secretarial Auditor and Scrutinizer), M/s. Shishir Saxena & Co., Chartered Accountants (Internal Auditors).

Proceedings and Key Financial & Operational Updates

The meeting was declared duly constituted with a requisite quorum present. The Notice of the AGM, Board's Report, and Auditors' Report were taken as read. The Auditors' Report was noted to contain no qualifications, observations, or adverse remarks.

The Managing Director addressed the members on the company's performance for FY 2025-26:

  • The company recorded a total income of approximately ₹12.62 lakh for the financial year.
  • The company completed the sale of its land and building situated at Udyog Nagar, Kanpur, resulting in an exceptional gain of approximately ₹7.93 crore. It was explicitly clarified that this is a non-recurring item and not representative of normal operating performance.

Significant Corporate and Strategic Developments

Members were apprised of several key developments:

  • Promoter Reclassification: The company has received a No Objection Certificate from BSE Limited for the proposed reclassification of the outgoing Promoters from the Promoter and Promoter Group category. The process of obtaining shareholders' approval via Postal Ballot has been initiated.
  • Registered Office Shift: The Registered Office of the company has been shifted from Kanpur, Uttar Pradesh to Mumbai, Maharashtra. The requisite approval for Form INC-22 was received from the Registrar of Companies on September 9, 2026.
  • Proposed Merger: A proposed Scheme of Merger involving Dynalog India Limited and EMA India Limited was discussed. The scheme remains subject to requisite approvals from relevant authorities, shareholders, creditors, regulatory bodies, and other stakeholders.

The company reiterated its focus on prudent financial management, efficient resource utilization, regulatory compliance, sound corporate governance, and transparency.

Resolutions Considered

The following two ordinary resolutions were taken up for consideration:

1. To receive, consider, and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors.

2. To re-appoint Mrs. Madhuri Akshay Adhalrao, who retired by rotation, as a Director of the Company.

Voting Process and Conclusion

The facility for remote e-voting was provided on all resolutions. Members participating in the meeting were given an opportunity to cast votes electronically. The e-voting facility remained open for 15 minutes after the meeting concluded. The voting results are to be scrutinized by the Scrutinizer and declared within two working days from the meeting's conclusion. The results will be submitted to BSE Limited and made available on the company's website.

The meeting concluded with a vote of thanks at 12:19 P.M.