AGM Details

The 19th Annual General Meeting was convened and held on Thursday, June 25, 2026 at 11:00 a.m. through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was chaired by Mr. Natarajan Srinivasan, Chairman and Independent Director of the Company.

Attendance

  • Total number of shareholders on record date: 947,249
  • Promoters and Promoter Group attendees through VC: 1
  • Public shareholders attendees through VC: 123
  • All Directors were present including Mr. Jayant Gokhale (Chairman of Audit Committee), Ms. Arundhati Mech (Chairman of Nomination and Remuneration Committee), and Dr. Amla Samanta (Chairman of Stakeholders Relationship Committee)
  • Chief Financial Officer, Company Secretary, representatives of Joint Statutory Auditors and Secretarial Auditors were also present

Resolutions Passed

All eight resolutions proposed in the AGM notice were passed with requisite majority:

Ordinary Businesses:

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements together with Reports of Board of Directors and Auditors for FY2025-26

  • Votes in favor: 734,284,578 (99.9996%)
  • Votes against: 3,078 (0.0004%)

2. Dividend Declaration: To declare dividend at 20% i.e. ₹2 per equity share for FY2025-26

  • Votes in favor: 734,466,306 (99.9997%)
  • Votes against: 2,012 (0.0003%)

3. Director Re-appointment: To appoint Mr. Jimmy Tata (DIN: 06888364) who retires by rotation

  • Votes in favor: 733,805,602 (99.9344%)
  • Votes against: 481,872 (0.0656%)

Special Businesses:

4. Appointment of Chairman: To approve Mr. Natarajan Srinivasan (DIN: 00123338) as Non-Executive Chairman and Independent Director

  • Votes in favor: 734,282,132 (99.9993%)
  • Votes against: 5,438 (0.0007%)

5. Securitization Approval: To approve selling, assignment, securitization of receivables/book debts up to ₹13,000 crore

  • Votes in favor: 734,282,545 (99.9994%)
  • Votes against: 4,723 (0.0006%)

6. Debt Instruments Issuance: Authority to issue redeemable non-convertible debentures and/or other debt instruments on private placement basis

  • Votes in favor: 731,894,308 (99.6741%)
  • Votes against: 2,393,046 (0.3259%)

7. Borrowing Limit Increase: To increase borrowing limit from ₹1,35,000 crore to ₹1,50,000 crore

  • Votes in favor: 734,282,144 (99.9993%)
  • Votes against: 5,110 (0.0007%)

8. Charge Creation Limit: To increase limit for creation of charge on assets up to ₹1,50,000 crore to secure borrowings

  • Votes in favor: 734,282,374 (99.9993%)
  • Votes against: 5,096 (0.0007%)

Voting Process

The e-voting process was scrutinized by Mr. Mitesh J. Shah, Proprietor of M/s. Mitesh J. Shah & Associates, Practicing Company Secretaries, who was appointed as Scrutinizer on May 14, 2026.

  • Remote e-voting period: June 22, 2026 (9:00 AM) to June 24, 2026 (5:00 PM)
  • Cut-off date for shareholder eligibility: June 18, 2026
  • E-voting facility provided by National Securities Depository Limited (NSDL)

Documents Submitted

  • Summary of proceedings of the 19th AGM
  • Combined e-voting results in prescribed format pursuant to Regulation 44(3)
  • Scrutinizer's Report dated June 25, 2026

Management Commentary

Mr. Natarajan Srinivasan (Chairman) and Mr. Ramesh G. (Managing Director & CEO) addressed members with a brief speech apprising them about:

  • Initial Public Offering of the Company
  • Operations and financial performance
  • Technology initiatives
  • Employee initiatives
  • Other key updates during financial year 2025-26

Shareholding Pattern

Total outstanding shares: 830,348,568

  • Promoter and Promoter Group: 615,461,535 shares (74.12%)
  • Public Institutions: 128,691,067 shares (15.50%)
  • Public Non-Institutions: 86,195,966 shares (10.38%)

Voting Participation

Total votes polled across all resolutions: approximately 734.3 million shares (88.43% of outstanding shares)