Meeting Details

  • Date: Thursday, 24th September, 2026
  • Time: 3:00 PM to 5:06 PM
  • Location: Conducted through two-way video conferencing
  • Type of Meeting: 65th Annual General Meeting

Directors Present

  • Mr. Ashwin C Shroff, Executive Chairman, Chairman of CSR Committee (Mumbai)
  • Mr. Ravi A Shroff, Managing Director (Mumbai)
  • Mr. Hrishit A Shroff, Executive Director (Mumbai)
  • Dr. Meena Galliara, Independent Director (Mumbai)
  • Mr. Ninad Gupte, Independent Director, Chairman of Nomination and Remuneration Committee (Mumbai)
  • Mr. Rajesh Varma, Independent Director, Chairman of Audit Committee (Mumbai)
  • Mr. Shekhar Khanolkar, Independent Director, Chairman of Risk Management Committee (Ratnagiri)
  • Mr. Vihang Virkar, Independent Director, Chairman of Stakeholders Relationship Committee (Mumbai)
  • Mr. Mahtabuzzaman, LIC Nominee Director (Hyderabad)

Other Attendees

  • Mr. Surendra K. Singhvi, Company Secretary
  • Mr. Pradeep Ghattu, President and Chief Operating Officer
  • Mr. Devendra Dosi, Chief Financial Officer
  • Mr. Jagdish Naik, Corporate Advisor
  • Dr. Anand Patkar, Consultant
  • Mr. Sachin Parekh, Partner of Price Waterhouse Chartered Accountants LLP, Statutory Auditors
  • Mr. Prashant Diwan, Practicing Company Secretary, the Scrutinizer and Secretarial Auditor

Proposed Resolutions and Implications

The following five resolutions were set out for consideration:

1. Adoption of Audited Financial Statements for the financial year ended 31st March, 2026

2. Declaration of dividend of ₹13.75 (275%) on equity share of ₹5 each

3. Re-appointment of Director, Mr. Hrishit A. Shroff, who is retiring by rotation

4. Approval of payment of remuneration to all the Executive Directors of the Company

5. Ratification of remuneration of the Cost Auditors

Voting Process and Methods

  • Remote e-voting facility was provided to members between 21st September, 2026 at 9:00 AM to 23rd September, 2026 at 5:00 PM
  • Members who did not avail remote e-voting could vote during the meeting, with voting line open for 15 minutes from the end of the meeting
  • Mr. Prashant Diwan, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting at the AGM

Voting Outcomes and Scrutinizer's Role

The combined results of remote e-voting and e-voting at the AGM along with the Scrutinizer's Report were scheduled to be:

  • Submitted to the concerned Stock Exchanges (BSE and NSE)
  • Placed on the Company's website on or before 25th September, 2026
  • All resolutions were deemed to be passed on 24th September, 2026, subject to receipt of requisite majority

Compliance with Regulations

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013
  • Relevant circulars issued by the Ministry of Corporate Affairs and SEBI
  • The following registers were open for shareholder inspection:
  • Register of Directors and Key Managerial Personnel with their shareholding
  • Register of Contracts and Arrangements
  • Report of Statutory Auditors and Secretarial Auditor

Additional Information

The Statutory Auditors and Secretarial Auditor of the Company had given unqualified audit reports for the year ended 31st March, 2026. Most questions received from shareholders in advance were addressed during the speeches of the Chairman, Managing Director, and Executive Director.