Meeting Details

The 66th Annual General Meeting was held on Tuesday, September 8, 2026 at 11:00 AM IST through Video Conferencing in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting was conducted from the company's registered office with applicable registers available for electronic inspection.

Attendees

Board of Directors Present:

  • Mr. Raghavendra Anant Mody, Chairman & Whole-time Director (from Registered Office)
  • Mr. Deepak Kejriwal, Managing Director (from works at Mandideep, MP)
  • Mr. Shyam Sunder Bhuwania, Non-Executive, Non-Independent Director (from residence in Delhi)
  • Ms. Deepika Agrawal, Independent Director and Chairperson of Audit Committee and Nomination and Remuneration Committee (from office in Delhi)
  • Mr. Ratan Lal Nangalia, Independent Director and Chairman of Stakeholders' Relationship Committee (from residence in Delhi)
  • Mr. Shiv Shanker Aggarwal, Independent Director (from residence in Delhi)

Management Present:

  • Mr. Shailendra Jhalani, Chief Financial Officer (from works at Mandideep, MP)
  • Ms. Neha Kejriwal, Company Secretary & Compliance Officer

Other Participants:

  • Authorized Representatives of Statutory Auditors and Secretarial Auditors
  • Mr. Neeraj Sharma, proprietor of M/s. Neeraj & Associates, Practising Company Secretary (Membership No. ACS60713, COP No. 23057) appointed as scrutinizer

Voting Arrangements

Remote e-voting was administered by National Securities Depository Limited (NSDL) from Friday, September 4, 2026 at 9:00 AM to Monday, September 7, 2026 at 5:00 PM. E-voting remained open for 15 minutes after the AGM conclusion. The facility to appoint proxies was not available due to the VC/OAVM format.

Resolutions Put to Vote

Six resolutions were put to vote through remote e-voting and e-voting during the AGM:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Declaration of Final Dividend on Equity Shares for FY 2025-26 (Ordinary Resolution)

3. Appointment of Mr. Deepak Kejriwal (DIN: 07442554) who retires by rotation as Director (Ordinary Resolution)

Special Business:

4. Re-appointment of Mr. Raghavendra Anant Mody (DIN: 03158072) as Chairman & Whole-time Director (Special Resolution)

5. Ratification of Cost Auditor's Remuneration for FY 2026-27 (Ordinary Resolution)

6. Approval of Material Related Party Transaction with Hindusthan Engineering & Industries Limited (Ordinary Resolution)

Financial and Operational Updates

The Chief Financial Officer apprised members on the company's financial performance. The integrated Annual Report for FY 2025-26 and notice convening the AGM (dated July 21, 2026) were taken as read. Reports of Statutory Auditors and Secretarial Auditors contained no qualifications, observations, or adverse remarks.

Shareholder Engagement

A question-and-answer session was conducted where registered speaker shareholders asked questions and sought clarifications. The Chief Financial Officer responded to all queries raised by members.

Outcome and Next Steps

All resolutions were deemed to have been passed on September 8, 2026, subject to receipt of requisite majority votes. Combined e-voting results along with Consolidated Scrutinizer's Report will be intimated to the stock exchange within prescribed timelines and placed on websites of the company, NSDL, and stock exchange.

Meeting Duration

The meeting commenced at 11:00 AM and concluded at 11:57 AM IST.