Meeting Details
- Date: Wednesday, August 19, 2026
- Time: 02.30 p.m. IST
- Location: Conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM)
- Type of Meeting: 64th Annual General Meeting
- Chairperson: Mrs. Anjali Singh
Summary of Proposed Resolutions
The following 15 resolutions were proposed and transacted at the meeting:
Ordinary Businesses
1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors.
2. Ordinary Resolution: Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors' Report.
3. Ordinary Resolution: Declaration of Final Dividend of ₹3.10 per equity share (face value Re. 1/-) for financial year 2025-26.
4. Ordinary Resolution: Re-appointment of Mr. Mahendra K. Goyal (DIN: 02605616) as Director who retired by rotation.
5. Ordinary Resolution: Re-appointment of M/s Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five consecutive years until the conclusion of the 69th AGM.
Special Business
6. Ordinary Resolution: Ratification of remuneration payable to Cost Auditors for FY 2026-27.
7. Ordinary Resolution: Alteration of Memorandum of Association for Increasing the Authorized Share Capital.
8. Special Resolution: Alteration and adoption of new set of Articles of Association as per Companies Act, 2013.
9. Special Resolution: Approval to increase borrowing limits under Section 180(1)(c) of Companies Act, 2013 not exceeding ₹1,600 crores.
10. Special Resolution: Approval to sell, create mortgage or charge on assets under Section 180(1)(a) of Companies Act, 2013 not exceeding ₹1,600 crores.
11. Special Resolution: Approval for investments, giving loans, guarantees/letter of comfort/letter of support and security under Section 186 of Companies Act, 2013 not exceeding ₹4,000 crores.
12. Ordinary Resolution: Approval of material related party transaction with Asia Investments Private Limited for purchase of equity shares of HL Mando Anand India Private Limited.
13. Special Resolution: Approval to issue 1,44,04,204 equity shares to Asia Investments Private Limited on preferential basis at issue price of ₹1,305.89 per share aggregating to ₹18,81,03,05,962 (₹1,881.03 crore).
14. Ordinary Resolution: Appointment of Mr. Mahendra K. Goyal as Group Chief Executive Officer and Managing Director for five years effective July 21, 2026.
15. Ordinary Resolution: Re-designation and variation in terms of appointment of Mr. Atul Jaggi as Managing Director (Ride Control) effective July 21, 2026.
Voting Process and Methods
- Remote e-voting: Available from August 16, 2026 (09:00 A.M.) to August 18, 2026 (05:00 P.M.) for all resolutions
- Cut-off date: August 12, 2026 for determining voting rights
- E-voting during AGM: Available for members who had not voted via remote e-voting
- Scrutinizer: Ms. Savita Jyoti, Practising Company Secretary of 'Savita Jyoti and Associates' was appointed as independent scrutinizer for both remote e-voting and Instapoll process
Key Meeting Proceedings
- The requisite quorum was present throughout the meeting
- All directors of the Company attended the meeting
- Mr. Mahendra K. Goyal, Group CEO and MD, briefed about the Company's outlook through a presentation
- Members registered as speakers were given opportunity to ask questions and seek clarifications on Company's accounts and businesses
- Mr. Mahendra K. Goyal responded to member queries and provided clarifications
- The meeting concluded at 03:34 PM with 15 minutes allocated for completing Instapoll voting
Compliance and Results Declaration
- The AGM was conducted in compliance with MCA circulars and SEBI guidelines
- Statutory registers were made available for electronic inspection
- Results of remote e-voting and e-voting at AGM, together with Scrutinizer's Report, will be disclosed to Stock Exchanges and displayed on Company website
- All resolutions shall be deemed passed on August 19, 2026, subject to receipt of requisite majority of votes