Meeting Details

The 45th Annual General Meeting was held on Tuesday, September 22, 2026, at 04:00 p.m. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendance and Leadership

Mr. Prakash P. Chhabria, Executive Chairman of the Company, chaired the meeting. The meeting had requisite quorum present. Representatives of M/s. Walker Chandiok & Co. LLP (Statutory Auditors) and M/s. SVD & Associates (Secretarial Auditors and Scrutinizers) were in attendance.

Voting Arrangements

Remote e-voting facility was available from Saturday, September 19, 2026, at 09:00 a.m. to Monday, September 21, 2026, at 05:00 p.m. through KFin Technologies Limited. Members attending the AGM who hadn't voted remotely could vote via e-voting ('Instapoll') during the meeting.

Agenda Items Voted Upon

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY2026 with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY2026 with Report of Auditors

3. Declaration of dividend on equity shares for financial year ended March 31, 2026

4. Re-appointment of Mr. Rambabu Sanka (DIN: 11218997) who retires by rotation

Special Business:

5. Ratification of remuneration paid to M/s. S.R. Bhargave & Co., Cost Auditors for FY2027

6. Revision in remuneration payable to Non-Executive Directors

Member Engagement

During the Q&A session, members raised queries regarding:

  • Industry outlook and competitive positioning
  • Market share and growth strategy
  • Capital expenditure plans
  • Capacity utilization
  • Supply chain and raw material sourcing challenges
  • Pricing strategy
  • Financial performance and profitability
  • Shareholder returns
  • Research and development initiatives
  • Environmental, Social and Governance (ESG) practices
  • AI adoption
  • Shareholder engagement initiatives

The Executive Chairman addressed these queries and informed members they could contact the Company Secretary for additional responses.

Voting Results and Closure

The e-voting facility remained open for 15 minutes after the meeting conclusion. M/s. SVD & Associates (Peer Review No: 6357/2025) were appointed as Scrutinizers to scrutinize both remote e-voting and Instapoll voting. Consolidated results were scheduled to be announced within two working days and intimated to stock exchanges. The meeting concluded at 5:19 p.m. (IST).

Additional Information

The statutory registers were available for electronic inspection. The facility for appointment of proxies was not available due to the virtual nature of the meeting. All meeting documents including Notice, Financial Statements, Directors' Report, Auditors' Report, and Management Discussion and Analysis Report were taken as read.