Meeting Details

The 18th Annual General Meeting was held on Monday, 31st August, 2026 at 11:00 A.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting was deemed to have been conducted at the Registered Office of the Company at Office No. 1901, Tower A, Gokhale Business Bay, Plot No. A6 A7, Sr. No. 20/2, Paschimnagri, Kothrud, Pune, Maharashtra, India, 411038.

Attendees

The meeting was attended by 52 Members through VC/OAVM. The following Directors and Key Managerial Personnel attended:

  • Mr. Gopal Kabra (Chairman, Managing Director & CEO)
  • Mr. Mehul Ajit Shah (Whole-Time Director & COO)
  • Mr. Navaniit Narayandas Mandhaani (Non-Executive Non-Independent Director)
  • Mr. Susheel Dwarkadas Bhandari (Independent Director)
  • Mrs. Pooja Pawan Chandak (Independent Director)
  • Mr. Subhash Vasant Ghaisas (Independent Director)
  • Mr. Sunil Kamalkishor Malu (Chief Financial Officer)
  • Mr. Shubham Suresh Jain (Company Secretary & Compliance Officer)

Mr. Akash Rughani, Partner of M/s. Bharat J. Rughani & Co., Statutory Auditors, and CS Shashank More, Partner of SMTP & Associates LLP, Scrutinizer, also attended the meeting.

Voting Process and Methods

The Company provided remote e-voting facility through MUFG Intime India Private Limited from 28th August, 2026 at 9:00 A.M. to 30th August, 2026 at 5:00 P.M. The cut-off date for determining voting eligibility was 24th August, 2026. During the AGM, e-voting facility remained available for 15 minutes after conclusion of proceedings. CS Shashank More was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM.

Proposed Resolutions

The following items of business were considered for approval:

Ordinary Business:

1. To receive, consider and adopt: (a) Audited Standalone Financial Statements for FY 2025-26 with reports of Board of Directors and Auditors' Report; (b) Audited Consolidated Financial Statements for FY 2025-26 with Auditors' Report

2. To declare a final dividend of ₹0.50 (25%) per equity share of face value ₹2 each for FY 2025-26

3. To appoint Mr. Navaniit Narayandas Mandhaani (DIN: 08653090) as director retiring by rotation

Special Business:

4. To appoint the Secretarial Auditor of the Company

5. To consider and approve remuneration payable to Mr. Gopal Kabra (DIN: 02343128), Chairman, Managing Director and CEO

6. To consider and approve revision in maximum remuneration payable to Mr. Mehul Ajit Shah (DIN: 03508348), Whole-Time Director and COO

7. To approve increase in borrowing limit under Section 180(1)(c) of Companies Act, 2013

8. To approve creation of mortgage or charge on assets under Section 180(1)(a) of Companies Act, 2013

Document Circulation

Electronic copies of the Notice of 18th AGM and Annual Report for FY 2025-26 were sent to all Members who registered their email addresses. For Members without registered emails, letters containing web link, path and QR code were dispatched. Physical copies were provided to Members who requested them. Documents were also available on the Company's website, stock exchange websites, and MUFG Intime India Private Limited's website.

Reports and Compliance

All statutory reports including Auditors' Reports on Standalone and Consolidated Financial Statements and Secretarial Audit Report were adopted without any qualifications or adverse remarks. The observations in the Secretarial Audit Report and corresponding responses of the Company were appropriately disclosed in the Annual Report.

Shareholder Engagement

Registered speaker shareholders were invited to express views and raise queries regarding the Company's business, performance, growth prospects and future plans. The Chairman collectively responded to all concerns raised.

Meeting Conclusion

The meeting concluded at 11:53 A.M. (IST) excluding the e-voting period provided after AGM proceedings. The voting results were to be announced based on the Consolidated Scrutinizer's Report within applicable statutory and regulatory timelines.