Meeting Details

  • Date: Tuesday, 29th September, 2026
  • Time: 3:30 PM IST to 4:00 PM IST
  • Type: 20th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence
  • Deemed Venue: Registered office at 5th Floor, 'A' Block, 6-3-1090, TSR Towers, Rajbhavan Road, Somajiguda, Hyderabad - 500082, Telangana, India

Proceedings Overview

Mr. M.V. Narasimha Rao served as Chairman and confirmed quorum was present. The Company Secretary, Mr. Raj Kumar Pragallapati, assisted with proceedings. Attendees included Board of Directors, Key Managerial Personnel, Statutory Auditors (M/s. PPKG & Co. and previous auditors M/s. PRSV & Co. LLP), and Secretarial Auditors (M/s. V Shankar & Co.). Mr. K.G. Naidu, CEO, provided an overview of company performance and future outlook.

Proposed Resolutions and Implications

The following four resolutions were presented for shareholder approval:

Ordinary Business:

  • Resolution 1: Adoption of audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026, together with Board's Report and Auditor's Report

Special Business:

  • Resolution 2: Appointment of M/s. PPKG & Co., Chartered Accountants (Firm Registration No. 009655S), as Statutory Auditors to fill casual vacancy caused by resignation of existing auditors
  • Resolution 3: Appointment of M/s. PPKG & Co., Chartered Accountants (Firm Registration No. 0096555), as Statutory Auditors of the Company
  • Resolution 4: Approval for Material Related Party Transaction for entering loan transaction for up to ₹150 Crores with Gayatri Projects Limited (GPL)

Voting Process

  • Remote e-voting facility was extended to members prior to the meeting
  • Members who had not voted remotely could cast votes during the AGM
  • E-voting facility remained open for 15 minutes after meeting conclusion
  • Mr. C.N. Kranthi Kumar, Company Secretary in Practice, was appointed as Scrutinizer to oversee the voting process

Key Voting Outcomes

  • Actual voting results were not available at the time of this disclosure
  • The Chairman informed that consolidated results of remote e-voting and e-voting at AGM would be announced within two working days from meeting conclusion
  • Results and Scrutinizer's Report will be intimated to stock exchanges and posted on company website and RTA's website

Auditor Reports

  • M/s. PRSV & Co. LLP, previous Statutory Auditors, issued reports with Qualifications in Standalone and Consolidated Financial Statements for FY 2025-26
  • Management explanations/clarifications on these Qualifications were provided in the Board's Report circulated with AGM notice
  • M/s. V Shankar & Co., Secretarial Auditors, issued report with no qualifications or adverse observations for FY 2025-26

Shareholder Engagement

Registered speaker members participated in Q&A session covering resolutions, board's report, auditor reports (including qualifications), accounts, operations, financial performance, subsidiaries, associates, joint ventures, market conditions, industry functionality, and future plans. The CEO addressed all questions and clarifications.

Compliance Confirmation

Disclosure made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document constitutes a summary of proceedings, not the formal minutes of the AGM.