Meeting Details

The 18th Annual General Meeting of Emami Realty Limited was held through Video Conferencing/Other Audio Visual Means from its Registered Office at Acropolis, 13th Floor, 1858/1 Rajdanga Main Road, Kasba, Kolkata - 700107 on Tuesday, 29th September 2026. The meeting commenced at 11:30 AM and concluded at 12:56 PM.

Attendance

Board Members Present Physically:

  • Mr. Amit Kiran Deb (Independent Chairman & Chairman of Audit Committee & CSR Committee)
  • Dr. Nitesh Kumar Gupta (Managing Director & CEO)

Board Members Present Through VC/OAVM:

  • Ms. Ishani Ray (Independent Director)
  • Mr. Basant Kumar Parakh (Non-Executive Director)
  • Mr. Ram Krishna Agarwal (Non-Executive, Non-Independent Director)

Members: 84 Members (including representatives) holding 3,83,55,572 equity shares

Auditors Present:

  • Mrs. Mamta Jain, Representative of M/S Tondon Agrawal & Co., Statutory Auditors
  • Mr. Raj Kumar Banthia, Partner of M/S MKB & Associates, Secretarial Auditor and Scrutinizer

In Attendance (Physically):

  • Mr. Rajendra Agarwal (President - Finance & CFO)
  • Mrs. Payel Agarwal (Company Secretary)
  • Mr. Akash Roy (Senior Executive - Legal & Secretarial)
  • Mr. Swastik Mukherjee (CS Management Trainee)

Proceedings Summary

The meeting was chaired by Mr. Amit Kiran Deb. The Chairman confirmed quorum was present and informed members that statutory registers and relevant documents were available electronically for inspection. The AGM was conducted in accordance with MCA Circular No. 03/2025 dated 22nd September 2025 and SEBI guidelines.

Dr. Nitesh Kumar Gupta, MD & CEO, apprised shareholders of the company's performance during the year, including status of ongoing projects (Emami Aamod, Emami Business Bay, and Emami Aastha) and plans to launch three new projects - Emami Miraai (SIPCOT, Chennai), Emami Vana (Buda, Jhansi) and Emami Avaan (Liluah) - subject to necessary approvals.

The company provided e-voting facility through CDSL from 10:00 AM on 24th September 2026 to 5:00 PM on 28th September 2026. Mr. Raj Kumar Banthia was appointed as Scrutinizer. Members who hadn't voted remotely could vote during the AGM using CDSL's e-voting website.

Resolutions Approved

All nine resolutions were approved with requisite majority as per the Scrutinizer's Report dated 30th September 2026:

Ordinary Businesses

1. Adoption of Audited Financial Statements: Approved with 3,86,70,830 votes in favor (99.99989%) against 432 votes (0.00011%)

2. Re-appointment of Mr. Rajesh Bansal: Approved with 3,86,70,830 votes in favor (99.99989%) against 432 votes (0.00011%)

Special Businesses

3. Appointment of Mr. Ram Krishna Agarwal as Non-Executive, Non-Independent Director: Approved with 3,86,70,830 votes in favor (99.99989%) against 432 votes (0.00011%). The resolution also approved his continuation upon attaining 75 years on 28th August 2027.

4. Borrowing Powers under Section 180(1)(c): Approved borrowing up to ₹5,000 Crores with 3,86,69,844 votes in favor (99.99963%) against 1,418 votes (0.00037%)

5. Creation of Mortgages/Charges under Section 180(1)(a): Approved creation of mortgages/charges to secure aggregate indebtedness up to ₹5,000 Crores with 3,86,70,744 votes in favor (100%) against 518 votes (0.00013%)

6. Remuneration to Cost Auditors: Approved remuneration of ₹30,000 (exclusive of tax and out-of-pocket expenses) to M/s. V.K. Jain & Co. for FY26-27 cost audit with 3,86,70,830 votes in favor (100%) against 432 votes (0.00011%)

7. Revision in Remuneration of Dr. Nitesh Kumar Gupta: Approved enhancement of basic salary from ₹7,50,000-15,00,000 per month to ₹15,00,000-35,00,000 per month with effect from 1st April 2026, with 3,86,70,828 votes in favor (100%) against 434 votes (0.00011%)

Ordinary Businesses (Continued)

8. Ratification of Related Party Transaction with Orbit Projects: Approved ratification of ₹28.50 Crore transaction (slump sale/transfer of Project Undertaking) that exceeded previously approved limit of ₹27.00 Crores, with 5,68,084 votes in favor (99.97510%) against 1,418 votes (0.02490%)

9. Ratification of Transactions with Vijaybhan Investments: Approved ratification of transactions with Vijaybhan Investments and Consultancy Private Limited, with 5,68,084 votes in favor (99.97510%) against 1,418 votes (0.02490%)

Voting Statistics

Total valid votes cast: 3,86,71,263 shares for most resolutions, with specific patterns for related party transactions which showed 5,69,503 valid votes and 3,81,00,594 invalid votes, indicating different voting participation for these items.

Question & Answer Session

16 members raised queries on company's strategic vision, future outlook, capital expenditure plans, reasons for current year losses, expansion plans in Kolkata, investment areas, adoption of modern technologies including AI, project completion timelines, and green initiatives. Mr. Rajendra Agarwal, President - Finance & CFO, addressed all queries to members' satisfaction.

Additional Information

The minutes are available on the company's website at www.emamirealty.com. The meeting was conducted in compliance with all regulatory requirements under the Companies Act, 2013 and SEBI Listing Regulations.