Event Disclosure

Meeting Details

The 93rd Annual General Meeting was held on Thursday, September 17, 2026 at 3:00 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting concluded at 3:53 p.m.

Attendance

Dr. Bidhubhusan Samal, Chairman, chaired the meeting. All Directors of the Company attended the Meeting. The Chairman of the Audit Committee and Nomination and Remuneration Committee was present through VC. Statutory Auditors, Secretarial Auditors and Scrutinizer were present through Video Conference.

Chairman's Address

The Chairman briefed on:

  • Challenges faced by the economy (including the NBFC sector) in recent times
  • Company's performance during financial year 2025-2026
  • Impact on the business in the current fiscal
  • Future challenges including renewed escalation in West Asia crisis potentially reigniting commodity prices volatility, tightening financial conditions, and worsening the economy

Agenda Items Considered

ORDINARY BUSINESS:

1. Adoption of Audited Financial Statements (Standalone & Consolidated) for the year ended March 31, 2026 and Reports of the Directors and Auditors thereon (Ordinary Resolution)

2. To appoint a Director in place of Mr. S. Thiruvenkatachari (DIN: 10424695), who retires by rotation (Ordinary Resolution)

SPECIAL BUSINESS:

3. Approval of Related Party Transactions under Regulation 23 of SEBI LODR Regulations with Nimbus Projects Limited, a group company (Ordinary Resolution)

4. Approval of Related Party Transactions under Regulation 23 of SEBI LODR Regulations with IITL Projects Limited, a subsidiary company (Ordinary Resolution)

5. Approval for Increasing the Borrowing Limits of the Company under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution)

6. Approval to create mortgage and/or charge on all or any part of the movable and/or immovable properties of the Company as security with respect to Borrowings (Special Resolution)

Voting Process

Remote e-voting was available from Monday, September 14, 2026 at 9:00 a.m. (IST) until Wednesday, September 16, 2026 at 5:00 p.m. (IST). Members who had not voted through remote e-voting could vote through the e-voting process conducted at the AGM.

Ms. Chandanbala O. Mehta, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the e-voting process.

Results Declaration

The voting results will be declared within two working days from the conclusion of the AGM, based on the Scrutinizer's Report. The results will consider votes cast through remote e-voting and votes cast through e-voting at the AGM.

The results will be displayed on the company's website and Central Depository Services (India) Limited's website after intimation to the Stock Exchanges.

Q&A Session

Certain Members raised questions on the future prospects and progress of the Company, which were answered by the Chairman satisfactorily.

Financial Impact

Financial impact not quantified in the disclosure.