Meeting Details

The 33rd Annual General Meeting of GNA Axles Limited was held on Tuesday, June 30, 2026, through video conferencing. The meeting commenced at 12:30 PM and concluded at 1:56 PM.

Attendance

Directors Present through Video Conferencing:

  • Mr. Saravjit Singh Hothi - Independent Director, Chairman of Audit & CSR Committee
  • Mr. Ashwani Malhotra - Independent Director & Chairman Nomination and Remuneration Committee
  • Mr. Praveen Bakshi - Independent Director
  • Mr. Harwinder Singh - Wholetime Director

Other Attendees through Video Conferencing:

  • Mr. Rakesh Kumar - Chief Financial Officer
  • Mr. Gourav Jain - Company Secretary
  • Ms. Harsimran Kaur - Secretarial Auditor and Scrutinizer

57 members were present through Video Conferencing. No proxies were present as the facility for appointment of proxy was not provided pursuant to MCA Circular No. 14/2020. The quorum was present throughout the meeting.

Meeting Proceedings

Mr. Ranbir Singh was elected as Chairman for the 33rd AGM since Chairman S. Gursaran Singh was not present. The Notice convening the 33rd AGM was taken as read with members' permission. Both Auditor's Report (unqualified) and Secretarial Auditor's Report (no qualifications) were taken as read.

Chairman Ranbir Singh appraised members on the company's working performance and delivered a speech on business performance and future outlook. Members asked questions about financial performance and business outlook, which were satisfactorily addressed.

Voting Results

All resolutions were passed with overwhelming majority based on the scrutinizer's report from MUFG Intime India Private Limited. The e-voting facility was available during the AGM for members who hadn't voted through remote e-voting.

Resolution Details:

1. Adoption of Financial Statements

  • Total valid votes: 31,684,753
  • Votes in favor: 31,684,702 (100.00%)
  • Votes against: 51 (0.00%)
  • Result: Ordinary Resolution passed with requisite majority

2. Declaration of Dividend

  • Total valid votes: 31,684,753
  • Votes in favor: 31,684,702 (100.00%)
  • Votes against: 51 (0.00%)
  • Result: Ordinary Resolution passed with requisite majority
  • Dividend declared: ₹3.00 per equity share

3. Reappointment of Mr. Jasvinder Singh (DIN 01831572)

  • Total valid votes: 31,684,753
  • Votes in favor: 31,684,702 (100.00%)
  • Votes against: 51 (0.00%)
  • Result: Ordinary Resolution passed with requisite majority

4. Reappointment of Mr. Kulwin Seehra (DIN 03522812)

  • Total valid votes: 31,684,753
  • Votes in favor: 31,684,702 (100.00%)
  • Votes against: 51 (0.00%)
  • Result: Ordinary Resolution passed with requisite majority

Resolutions Passed

All four ordinary business resolutions were approved:

1. Adoption of standalone and consolidated Audited Balance Sheet, Profit & Loss Account, Cash Flow statement as on March 31, 2026, along with Auditors' and Directors' reports

2. Declaration of Equity Dividend @ ₹3.00 per Equity Share

3. Reappointment of Mr. Jasvinder Singh (DIN 01831572) as Director liable to retire by rotation

4. Reappointment of Mr. Kulwin Seehra (DIN 03522812) as Director liable to retire by rotation

Meeting Conclusion

The meeting concluded with a vote of thanks to the Chairman. The minutes were signed by Ranbir Singh as Chairman for the 33rd Annual General Meeting on July 25, 2026, in Jalandhar.