Meeting Details

The 42nd Annual General Meeting was held on August 31, 2026, at 11:00 A.M. through Video Conferencing/Other Audio Visual Means. The deemed venue was the Registered Office at P&G Plaza, Cardinal Gracias Road, Chakala, Andheri East, Mumbai – 400 099. The meeting commenced at 11:00 A.M. and concluded at 01:08 P.M.

Attendance

Board Members Present:

  • Ms. Anjuly Chib Duggal, Chairperson & Independent Director (present at venue)
  • Mr. Kumar Venkatasubramanian, Managing Director and Chairperson of the Risk Management Committee (present at venue)
  • Ms. Ashwath Rao, Chief Financial Officer (present at venue)
  • Ms. Flavia Machado, Company Secretary (present at venue)
  • Ms. Srividya Srinivasan, Vice President - Finance (present at venue)
  • Mr. Sanjay Asher, Independent Director and Chairperson of the Audit Committee and Nomination & Remuneration Committee (virtual)
  • Mr. Krishnamurthy Iyer, Independent Director (virtual)
  • Mr. Robin Thadathil, Executive Director (virtual)
  • Mr. Pramod Agarwal, Non-Executive Director and Chairperson of the Stakeholder Relationship Committee (virtual)
  • Mr. Ghanashyam Hegde, Non-Executive Director (virtual)

Representatives of Statutory Auditors and Secretarial Auditors also joined the meeting.

Voting Process

E-voting facility was provided through NSDL, commencing on Friday, August 28, 2026, at 9:00 A.M. and ending on Sunday, August 30, 2026, at 5:00 P.M. Members who had not voted earlier were given 30 minutes post conclusion of the AGM (until 1:38 P.M.) to complete e-voting. Mr. Kamalax Saraf of M K Saraf & Associates LLP was appointed as the Scrutinizer for vote scrutiny.

Resolutions Proposed

The following six resolutions were proposed for shareholder approval:

Ordinary Business:

1. To adopt the Financial Statements for the Financial Year ended March 31, 2026, together with the Reports of the Auditors and Directors thereon (Ordinary Resolution)

2. To confirm payment of interim dividend and to declare final dividend for the Financial Year ended March 31, 2026 (Ordinary Resolution)

3. To re-appoint Mr. Pramod Agarwal, Non-Executive Director, retiring by rotation (Ordinary Resolution)

Special Business:

4. To appoint Mr. Ghanashyam Hegde as a Non-Executive Director of the Company, liable to retire by rotation (Ordinary Resolution)

5. To appoint Mr. Robin Thadathil as a Whole-time Director of the Company, liable to retire by rotation (Ordinary Resolution)

6. To appoint Mr. Krishnamurthy Iyer as an Independent Director of the Company, not liable to retire by rotation (Special Resolution)

Financial Performance Presentation

Mr. Kumar Venkatasubramanian, Managing Director, made a presentation on the company's financial performance, business strategy, and category performance for FY 2025-26.

Key Financial Highlights:

  • The company changed its financial year from July 1–June 30 to April 1–March 31 effective last year
  • FY 2024-25 covered a 9-month period from July 1, 2024, to March 31, 2025
  • Performance for FY 2025-26 has been indexed versus comparable 12-month period (April 1, 2024, to March 31, 2025) due to fiscal year change
  • The company delivered superior results over the past 5 years
  • Achieved productivity savings of ₹38 crores for FY 2025-26
  • Maintained over 3 decades of consistent dividend payout record

Business Strategy Updates

Integrated Growth Strategy focused on:

  • Portfolio performance driving brand choice
  • Organization being empowered, agile, and accountable
  • Constructive disruption across the business

Product Superiority Initiatives:

  • Product innovation across grooming and oral care portfolios
  • Packaging improvements
  • Communication and retail execution enhancements
  • Consumer and customer value creation

Portfolio Highlights:

Grooming Portfolio:

  • Traditional shaving products (Gillette Guard, Gillette Guard 3ml)
  • Electric grooming
  • Female grooming

Oral Care Portfolio:

  • Power oral care
  • Manual oral care

Constructive Disruption Initiatives:

  • Smart assortment optimization
  • Agile supply chain transformation
  • Automated availability checks using AI/ML-supported in-house models
  • AI-led Automated On-Shelf Availability Assessment
  • Advance ordering capabilities

Corporate Social Responsibility

  • Improving learning outcomes impacting 1+ crore children
  • Driving awareness about learning gaps through P&G Shiksha's efforts to #EraseTheLearningGap
  • Prioritizing employee wellbeing and delivering superior employee value equation

Auditor Report

It was confirmed that the Auditors' Report did not contain any qualifications or observations.

Shareholder Interaction

The Chairperson invited members for comments and questions on the Financial Accounts and Annual Report. Management responded to queries raised by members.

Results Announcement

The results of voting were to be announced on receipt of the Scrutinizer's Report within 2 working days of conclusion of the meeting to the Stock Exchanges and made available on the company website.