Meeting Details

  • Date: Tuesday, 29th September, 2026
  • Time: Commenced at 11:00 AM and concluded at 1:30 PM
  • Venue: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) (electronic mode)
  • Type: Annual General Meeting

Resolutions and Implications

Ordinary Business - Ordinary Resolution

1. To receive, consider and adopt the Audited Statement of Profit and Loss for the year ended 31st March, 2026 and the Balance Sheet as at that date together with the Reports of the Directors and the Auditors thereon.

2. To appoint a director in place of Lt. Gen. Sarab Jot Singh Saighal (Retd.), who retires by rotation and is eligible for re-appointment.

Special Business - Special Resolution

3. Reappointment of Lt. Gen. Sarab Jot Singh Saighal (Retd.) as Chairman for one year from 1st October, 2026 to 30th September, 2027, subject to approval from Ministry of Home Affairs through Ministry of Civil Aviation. The resolution includes provisions for minimum remuneration in case of loss or inadequacy of profits.

4. Appointment and remuneration of Mr. Michael Lewis Edwin Barber as Chief Executive Officer for one year from 11th August, 2026 to 10th August, 2027, subject to approval from Ministry of Home Affairs through Ministry of Civil Aviation. Includes provisions for minimum remuneration in case of loss or inadequacy of profits.

Special Business - Ordinary Resolution

5. Appointment of Mr. Hemang Rishi (DIN: 09838892) as Non-Executive Non-Independent Director, who was appointed as Additional Director with effect from August 11, 2026.

Voting Process

  • Remote e-voting period: September 25, 2026 to September 28, 2026
  • Voting at AGM: Shareholders who did not vote remotely could vote during the AGM
  • Scrutinizer: Mr. Martinho Ferrao, Practicing Company Secretary, was appointed to ensure fair and transparent voting process
  • Results disclosure: Combined results of remote e-voting and e-voting at AGM to be displayed on company website, BSE Limited website, and National Stock Exchange of India Limited website within two days of passing resolutions

Voting Outcomes

All resolutions set out in the Notice of the AGM were passed with requisite majority as per the Scrutinizer's Report received on September 29, 2026.

Compliance and Regulatory References

  • Conducted in compliance with Companies Act, 2013
  • Filed pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • References to Sections 152, 160, 161, 196, 197, 203 of Companies Act, 2013
  • References to Companies (Appointment and Qualifications of Directors) Rules, 2014
  • References to Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
  • References to Schedule V of Companies Act, 2013

Signatories and Roles

  • Raakesh Soni: Company Secretary who signed the disclosure and conducted meeting proceedings
  • Lt. Gen. Sarab Jot Singh Saighal (Retd.): Chairman who chaired the meeting
  • Martinho Ferrao: Practicing Company Secretary appointed as Scrutinizer

Additional Information

The Chairman responded to queries raised by members during the meeting and informed that the Company received questions from shareholder(s) which were discussed and responses would be sent to said shareholder(s).