Meeting Details

The 41st Annual General Meeting was held on Wednesday, August 26, 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting commenced at 2:00 p.m. (IST) and concluded at 3:33 p.m. (IST), including time allowed for e-voting at AGM.

Attendance

Total number of shareholders who attended the meeting was 36, which constituted a valid quorum. Corporate participants included:

  • Mr. Aniruddha Karve (Chairman and Non-Executive Director)
  • Dr. Ulhas Gaoli (Independent Director)
  • Mr. Amitabha Mukhopadhyay (Independent Director)
  • Mr. Sunil Kumar Chaturvedi (Independent Director)
  • Mr. Manuel Delfino Aguilera (Non-Executive Director)
  • Mr. Christopher Lewis (Non-Executive Director)
  • Mr. Prasad Chavare (Managing Director)
  • Mr. Mohit Mangal (Whole-Time Director and Chief Financial Officer)
  • Ms. Prachee Sonchal (Human Resources Director India, PU)
  • Mr. Daljit Banga (Operations Director Foundry India, PU)
  • Ms. Poonam Bopshetti (Operation Head)
  • Mr. Sunil Ukirde (Site-Finance Controller)

Also present were representatives from Deloitte Haskins & Sells LLP, Prajot Tungare & Associates (Secretarial Auditor and Scrutinizer), and MUFG Intime Private Limited.

Voting Process

The Company provided remote e-voting facility for all resolutions contained in the Notice. Remote e-voting commenced on August 23, 2026 and ended on August 25, 2026. Members participating in the meeting could cast votes through e-voting facility provided by MUFG Intime India Private Limited, with the e-voting window remaining open for 15 minutes after conclusion of the Meeting.

The consolidated voting results together with the Scrutinizer's Report will be announced within prescribed statutory timelines and made available on the websites of the Company, BSE Limited, and MUFG Intime India Private Limited.

Business Transacted

Ordinary Business:

1. Receipt, consideration, approval, and adoption of Audited Financial Statements for the financial year ended March 31, 2026 along with reports of the Board of Directors and Statutory Auditors.

2. Declaration of final Dividend of ₹12.5 per fully paid-up Equity Share for the financial year ended March 31, 2026.

3. Re-appointment of Mr. Aniruddha Karve (DIN: 07180005) as a Director who retires by rotation.

Special Business:

4. Appointment of Mr. Christopher Graham Lewis (DIN: 11847319) as a non-executive & non-independent director.

5. Appointment of Ms. Juliette Catherine Lowes (DIN: 11845679) as a non-executive & non-independent director.

6. Appointment of Mr. Sunil Kumar Chaturvedi (DIN: 02183147) as a non-executive independent director.

7. Approval of Commission to Independent Directors for FY 2025-26.

Auditor Reports

The Statutory Auditors' Report and Secretarial Audit Report for the financial year ended March 31, 2026 do not contain any qualification, reservation, adverse remark or disclaimer having any material impact on the functioning of the Company.

Document Availability

The notice of 41st Annual General Meeting along with Audited Financial Statements, Board Report, and Auditors' Report were emailed to all shareholders whose email addresses were registered. Physical inland letters were sent to members without registered email addresses. Documents are available on the Company's website and BSE. Advertisement of the AGM was published in two newspapers.

Statutory Registers

Statutory registers and documents required under the Companies Act, 2013, including Register of Directors and Key Managerial Personnel and their shareholding, Register of Contracts and Arrangements in which Directors are interested, were available electronically for inspection by Members throughout the Meeting.

Conclusion

The meeting concluded with a vote of thanks by Ms. Pooja Jindal, Company Secretary & Compliance officer, acknowledging shareholders, Board of Directors, employees, customers, suppliers, business partners, banks, auditors, legal advisors, consultants, and regulatory authorities.