Meeting Details
- Date: Monday, 28th September 2026
- Time: Commenced at 12:00 p.m. and concluded at 12:52 p.m. (including time allowed for e-voting at AGM)
- Location: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM), deemed to be held from the Registered Office of the Company
- Type: 58th Annual General Meeting
Compliance Framework
The AGM was held in compliance with:
- Companies Act, 2013 and Rules thereunder
- MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 9/2023, 9/2024, and 03/3025
- SEBI Regulations read with SEBI Circular Nos. SEBI/HO/CFD/CMDl/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
Meeting Proceedings
Mr. Ratnakar Barve chaired the proceedings. The Chairman, each Director, and Key Managerial Personnel introduced themselves and informed their participation locations. The requisite quorum was present. The Chairman delivered his speech and informed members that remote e-voting had commenced on Thursday, 24th September 2026 at 9:00 a.m. and ended on Sunday, 27th September 2026 at 5:00 p.m.
Proposed Resolutions
The following businesses were transacted as per Notice dated 11th August 2026:
Ordinary Business:
1. To consider and adopt: (a) Audited Financial Statements for FY ended 31st March 2026 and reports of Board of Directors and Auditors; (b) Audited Consolidated Financial Statements for FY ended 31st March 2026 and report of Auditors thereon (Ordinary Resolution)
2. To declare a dividend on equity shares for Financial Year ended 31st March 2026 (Ordinary Resolution)
3. To appoint Mr. Nikhil Naik (DIN: 00202779), who is retiring by rotation, and being eligible, offers himself for re-appointment (Ordinary Resolution)
Special Business:
4. To ratify remuneration payable to Cost Auditors for Financial Year ending 31st March 2027 (Ordinary Resolution)
5. To re-appoint Mrs. Vanessa Singh (DIN: 09342022) as Independent Director for a second term of five consecutive years (Special Resolution)
6. To re-appoint Mr. Zubin Billimoria (DIN: 07144644) as Independent Director for a second term of five consecutive years (Special Resolution)
7. To re-appoint Mr. Sriraman Raghuraman (DIN: 00228061) as Independent Director for a second term of five consecutive years in terms of regulation 17(1A) of SEBI LODR Regulations, 2015 (Special Resolution)
8. To re-appoint Mr. Ratnakar Barve (DIN: 09341821) as Whole Time Director of the Company (Special Resolution)
Shareholder Q&A Session
The Chairman invited comments and questions from members registered as 'Speakers Shareholders'. Queries addressed included:
- Business performance
- Dividend declaration
- Product segments
- Capacity utilisation
- Cyber and Data Security
- Current competitors
- Export activities
- Material Cost
- Margins
- Property, plant and equipment
- Other Financial Assets
- Cash & Cash Equivalents
- Other Income
- Capital expenditure (Capex)
- Bonus Shares
- Factory Visit
- New competitors entering the market
- Present market share of the Company
- Value addition in the cable sector
- Technology utilisation
- Future outlook
- Environmental, Social and Governance (ESG) performance
The Chairman replied to all queries raised by members and thanked them for their active participation.
Voting Process
Mr. Mandar Jog, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize both remote e-voting and voting done during the AGM by members who had logged in but not cast votes earlier by remote e-voting.
The results of e-voting and votes cast during the AGM were to be reconciled by the Scrutinizer, with e-voting results announced within 2 working days and made available on:
- Company website
- NSDL (National Securities Depositories Limited) website
- Stock Exchange websites where equity shares are listed
Document Limitations
The document explicitly states that it does not purport to constitute the minutes of the 58th AGM.