EGM Details
The 1st Extra-Ordinary General Meeting during Financial Year 2026-27 was held on Saturday, 27th June 2026 through Video Conferencing and Other Audio-Visual Means. The meeting commenced at 11:30 AM IST and concluded at 12:13 PM IST at the corporate office of the company at 2nd Floor, Hira Arcade, Pandri, Raipur (C.G.)-492004.
Attendance
Directors present: Mr. Dinesh Kumar Gandhi (Whole time Director), Mr. Hukunchand Daga (Independent Director), Ms. Roma Ashok Balwani (Independent Director), Ms. Neha Sunil Huddar (Independent Director), Mr. Raj Kamal Bindal (Independent Director), Mr. Vinod Pillai (Non-Executive Director), Mr. Sanjay Bothra (CFO), and Mr. Y.C. Rao (Company Secretary).
Additionally, 41 other members were present, including 03 members through authorized representatives from the promoter group.
Business Transacted
Item No. 1: Approval for Loan to Subsidiary
Special Resolution approved for advancing loans up to Rs. 150.00 crores to Godawari Education and Research Foundation (GERF), a subsidiary company, under Section 185 of the Companies Act, 2013. The loan is intended for GERF's principal business activities of setting up a Residential School in Raipur.
Voting Results:
- Votes in Favor: 307,810,486 (89.623% of valid votes)
- Votes Against: 35,640,249 (10.377% of valid votes)
- Invalid Votes: 0
Item No. 2: Revision in Remuneration of Mr. Dinesh Agrawal
Ordinary Resolution approved for revised remuneration to Mr. Dinesh Agrawal (DIN: 00479936), Whole-Time Director, effective from July 01, 2026 to August 10, 2027.
Remuneration Details:
- Salary: Rs. 4.80 Crores to Rs. 8.40 Crores per annum
- Perquisites: Furnishings, medical reimbursement, LTC for self and family, club fees, company cars, insurance
- Past remuneration (FY2026): Rs. 3.45 Crores
Voting Results:
- Votes in Favor: 401,536,524 (99.997% of valid votes)
- Votes Against: 11,246 (0.003% of valid votes)
- Invalid Votes: 0
Item No. 3: Revision in Remuneration of Mr. Siddharth Agrawal
Ordinary Resolution approved for revised remuneration to Mr. Siddharth Agrawal (DIN: 02180571), Whole-Time Director, effective from July 01, 2026 to March 31, 2027.
Remuneration Details:
- Salary: Rs. 4.80 Crores to Rs. 8.40 Crores per annum
- Perquisites: Same structure as other directors
- Past remuneration (FY2026): Rs. 3.45 Crores
Voting Results:
- Votes in Favor: 342,438,572 (99.706% of valid votes)
- Votes Against: 1,009,883 (0.294% of valid votes)
- Invalid Votes: 0
Item No. 4: Revision in Remuneration of Mr. Abhishek Agrawal
Ordinary Resolution approved for revised remuneration to Mr. Abhishek Agrawal (DIN: 02434507), Whole-Time Director, effective from July 01, 2026 to November 08, 2026.
Remuneration Details:
- Salary: Rs. 4.80 Crores to Rs. 8.40 Crores per annum
- Perquisites: Same structure as other directors
- Past remuneration (FY2026): Rs. 3.45 Crores
Voting Results:
- Votes in Favor: 343,437,921 (99.997% of valid votes)
- Votes Against: 11,064 (0.003% of valid votes)
- Invalid Votes: 0
Company Financial Context (as per FY2026 Audited Results)
- Gross Turnover & Other Income: Rs. 4905.45 crores
- Net Profit After Tax: Rs. 919.43 crores
- Net Profit as per Section 198 of Companies Act: Rs. 1160.05 crores
- Net Worth: Rs. 5676.81 crores
Voting Process
Remote e-voting was conducted through NSDL from 24th June 2026 (9:00 AM) to 26th June 2026 (5:00 PM). CS Brajesh R. Agrawal was appointed as Scrutinizer for the e-voting process. Cut-off date for shareholder eligibility was 20th June 2026.