Meeting Details

The 47th Annual General Meeting will be held on Monday, July 27, 2026 at 11:30 AM IST through Video Conferencing/Other Audio-Visual Means. The deemed venue is the Registered Office at BXXIX, 2254/1, Kanganwal Road, P.O. Jugiana, Ludhiana, Punjab, 141120.

Ordinary Business Items

1. Adoption of Financial Statements

  • Resolution to approve audited Standalone Financial Statements for year ended March 31, 2026
  • Resolution to approve audited Consolidated Financial Statements for year ended March 31, 2026

2. Dividend Declaration

  • Declaration of final dividend of ₹4 per fully paid-up equity share of face value ₹2 each
  • Dividend recommended by Board of Directors for financial year ended March 31, 2026
  • Register of Members and Share Transfer Books will remain closed from July 21, 2026 to July 27, 2026 for dividend purpose
  • Payment to be made within 30 days of AGM approval

3. Reappointment of Managing Director

  • Mr. Ashish Garg (DIN: 01829082), Managing Director, retires by rotation and offers himself for reappointment
  • Resolution for reappointment as director liable to retire by rotation

Special Business Items

4. Ratification of Cost Auditor Remuneration

  • Ratification of remuneration not exceeding ₹1,50,000 plus applicable taxes and out-of-pocket expenses
  • Payable to M/s. Rajan Sabharwal and Associates, Ludhiana (Firm Registration No. 101961)
  • Appointed as Cost Auditors for financial year 2026-27 by Board on May 21, 2026
  • Audit Committee recommended the appointment

5. Commission to Independent Directors

  • Approval for payment of commission to Non-Executive Directors within overall limit of 1% of Net Profits
  • Commission amounts: Mr. Ravindra Pisharody - ₹16 Lakhs, Ms. Rajeswari Karthigeyan - ₹16 Lakhs, Mr. Atul B Lall - ₹16 Lakhs
  • For financial year 2025-26 within limits prescribed under Section 197 read with Schedule V of Companies Act, 2013
  • In addition to sitting fees/reimbursement of expenses for Board/Committee meetings

6. Reappointment of Whole-Time Director

  • Reappointment of Ms. Megha Garg (DIN: 07352042) as Whole-Time Director for 5 years
  • Term: September 29, 2026 to September 28, 2031
  • Remuneration: Salary of ₹10,00,000 per month with power to Board to give increments up to ₹15,00,000 per month
  • Perquisites: House rent allowance, conveyance allowance, bonus, medical expenses reimbursement, medical insurance, club fees, car with driver, telephone/internet facilities, personal accident insurance
  • Additional benefits: Provident Fund contributions, Gratuity Fund contributions, leave encashment
  • Total remuneration subject to overall ceiling under Section 197 of Companies Act, 2013

7. Reappointment of Independent Director

  • Reappointment of Mr. Ravindra Pisharody (DIN: 01875848) as Independent Director for second term
  • Term: June 16, 2027 to November 15, 2030 (3 years 5 months)
  • Currently serving first term ending June 15, 2027
  • Entitled to sitting fees for Board/Committee meetings and commission

Voting Arrangements

  • Remote e-voting period: July 24, 2026 (9:00 AM) to July 26, 2026 (5:00 PM)
  • Cut-off date for voting rights: July 20, 2026
  • Scrutinizer: Mr. Parminder Singh Bathla (FCS 4391 & C.P. No. 2585) of M/s. P S Bathla & Associates
  • E-voting service provider: MUFG Intime India Private Limited
  • Results to be declared on company website and stock exchange websites

Dividend Taxation

  • TDS applicable on dividend payments under Income-tax Act, 2025
  • Resident shareholders with valid PAN: 10% TDS, without PAN: 20% TDS
  • No TDS if dividend does not exceed ₹10,000 for resident individual shareholders
  • Non-resident shareholders: 20% TDS plus applicable surcharge and cess
  • FII/FPI: 20% TDS plus applicable surcharge and cess or DTAA rate
  • Documents to be submitted by July 20, 2026

Shareholder Information

  • Annual Report 2025-26 and AGM notice available on company website and stock exchange websites
  • Members can join AGM 30 minutes before scheduled time through VC/OAVM
  • Facility for up to 1,000 members on first-come-first-served basis, with exceptions for large shareholders
  • No physical attendance required, no proxy facility available
  • Register of Members closed from July 21, 2026 to July 27, 2026

Director Details (Annexure I)

Mr. Ashish Garg (Managing Director)

  • DIN: 01829082, Age: 41 years, First appointed: October 1, 2007
  • Qualification: Bachelor of Science (Accounting and finance), Master of Science (Manufacturing Systems Engineering)
  • Experience: 18 years in operational excellence, business development, financial management
  • Shareholding: 1,29,46,200 equity shares
  • Committee positions: Chairperson of Risk Management Committee, Member of Audit Committee, CSR Committee, Stakeholders' Relationship Committee

Ms. Megha Garg (Whole-Time Director)

  • DIN: 07352042, Age: 40 years, First appointed: December 7, 2015
  • Qualification: Bachelor's degree in Science (Economics) from University of Nottingham, UK
  • Experience: 9 years in industrial sector, manages digital marketing and ESG initiatives
  • Shareholding: 24,19,900 equity shares
  • Committee positions: Member of Risk Management Committee, Stakeholders' Relationship Committee

Mr. Ravindra Pisharody (Independent Director)

  • DIN: 01875848, Age: 70 years, First appointed: June 16, 2022
  • Qualification: B.Tech Electronics from IIT Kharagpur, PGDM from IIM Calcutta
  • Experience: 40 years in business development, strategic management, corporate leadership
  • Shareholding: Nil
  • Other directorships: Savita Greentec Limited, Bonfiglioli Drive Solutions Pvt Ltd, Bonfiglioli Transmissions Limited, Savita Oil Technologies Limited, Muthoot Finance Limited, Kwality Wall's (India) Limited