Meeting Details

The 37th Annual General Meeting was held on Thursday, August 6, 2026 at 3:00 P.M. (IST). The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with the Ministry of Corporate Affairs' General Circular No. 03/2025 dated September 22, 2025, and other applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. The meeting concluded at 4:26 P.M. (IST).

Proposed Resolutions and Implications

The meeting transacted all businesses mentioned in the Notice dated May 18, 2026. The following resolutions were considered:

Ordinary Business:

  • Item 1: To receive, consider and adopt the audited financial statements of the Company as at and for the financial year ended March 31, 2026 together with Reports of Board of Directors and Auditors thereon (Ordinary Resolution)
  • Item 2: To confirm the payment of Interim Dividend of ₹1 (10%) per Equity Share of ₹10 each, and to declare Final Dividend of ₹1.50 (15%) per Equity Share of ₹10 each for the financial year 2025-26 (Ordinary Resolution)
  • Item 3: To appoint a Director in place of Dr. Aruna Tantia (DIN: 00001347), who retires by rotation at this Annual General Meeting and being eligible, offers herself for re-appointment (Ordinary Resolution)

Special Business:

  • Item 4: To ratify the Remuneration of Cost Auditors for the FY 2026-27 (Ordinary Resolution)
  • Item 5: To consider approval for increase in remuneration of Dr. Mridul Tantia, "Vice President" and a relative of Director holding office or place of profit (Ordinary Resolution)
  • Item 6: To consider approval of payment of Professional Fees to Dr. Niharika Tantia, Consultant and a relative of Director holding office or place of profit (Ordinary Resolution)
  • Item 7: To consider Re-appointment of Mr. Hari Modi (DIN: 00801413) as an Independent Director of the Company (Special Resolution)
  • Item 8: To consider Re-appointment of Dr. Tapti Sen (DIN: 06730644) as an Independent Director of the Company (Special Resolution)
  • Item 9: To consider continuation of Directorship of Mr. Amrendra Prasad Verma (DIN: 00236108) as a Non Executive Independent Director of the Company on completion of 75 years of age (Special Resolution)
  • Item 10: To consider payment of Doctor Consultancy Fees to Dr. Ghanshyam Goyal (DIN: 00234246), Non Executive Director of the Company for the financial year 2026-27 (Resolution type not specified)

Voting Process and Methods

The Company provided remote e-voting facility to members determined as on the Record (Cut Off) Date of Thursday, July 30, 2026. The remote e-voting period before the AGM commenced on Monday, August 3, 2026 (at 9:00 A.M. IST) and ended on Wednesday, August 5, 2026 (at 5:00 P.M. IST). Members who did not cast their votes electronically earlier were permitted to cast their votes during the course of the Meeting through the e-voting system provided by MUFG Intime India Private Limited (Formerly Link Intime India Private Limited).

Attendance and Participation

A total of 66 members holding 65.60% of the Company's shares attended the Meeting, confirming the presence of requisite quorum throughout the meeting. The following Directors and Key Managerial Personnel were present:

  • Dr. Om Tantia - Chairman and Managing Director
  • Dr. Aruna Tantia - Non-Executive Non-Independent Director
  • Mr. Anurag Tantia - Executive Director
  • Dr. Ghanshyam Goyal - Non-Executive Non-Independent Director
  • Mr. Kashi Prasad Khandelwal - Independent Director and Chairman of Nomination and Remuneration Committee
  • Mr. Deepak Pramanik - Independent Director and Chairman of Audit Committee
  • Mr. Hari Modi - Independent Director and Chairman of Stakeholders Relationship Committee
  • Dr. Tapti Sen - Independent Director
  • Mrs. Kriti Tantia - Chief Financial Officer
  • Mr. Ankur Sharma - Company Secretary and Compliance Officer

Representatives of Statutory Auditors, Secretarial Auditors, and the Scrutinizer were also present.

Scrutinizer's Role

The Board of Directors appointed Mr. Ashok Kumar Daga, Practicing Company Secretary (Membership No. FCS No. 2699, CP No. 2948) as the Scrutinizer to supervise the e-voting process in a fair and transparent manner. The combined results of remote e-voting and e-voting during the meeting and the report of the Scrutinizer were to be communicated to the Stock Exchanges and placed on the Company's website and MIIPL's website within 2 working days of the conclusion of the Meeting.

Compliance Confirmation

The meeting was conducted in compliance with the latest General Circular No. 03/2025 dated September 22, 2025 issued by Ministry of Corporate Affairs, previous MCA circulars, applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory registers were available electronically for inspection by members during the AGM.

Additional Information

The Notice along with the Annual Audited Financial Statements with Directors' and Auditors' Report for the year ended March 31, 2026 were sent to members via email where addresses were registered, and a web-link was provided to others. A public notice was also published in newspapers. The Auditors' Report was confirmed to contain no qualifications, modified opinion, or adverse remarks. Dr. Om Tantia delivered a speech apprising members about the Company's financial performance, key achievements, business prospects, and initiatives.

Distribution

The submission was sent to BSE Limited and National Stock Exchange of India Limited, with copies to National Securities Depository Limited and Central Depository Services (India) Ltd.