Meeting Details

The 4th Annual General Meeting was held on Wednesday, August 12, 2026, at 05:00 PM through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting concluded at 5:50 PM IST. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Attendance

Shri Shekhar Bajaj, Chairman of the Company, chaired the meeting. The following directors were in attendance:

  • Mr. Vikram Hosangady, Chairperson of Audit Committee
  • Mr. Jayavanth Kallianpur Mallya, Chairperson of Nomination and Remuneration Committee
  • Ms. Pooja Bajaj (Additional Director – Non Executive Director)
  • Mr. Mahendrakumar Gohel (Additional Director – Independent Director)
  • Ms. Girija Balakrishnan (Independent Director)
  • Shri Amit Bhalla, Managing Director
  • Shri Vandan Shah (Non-executive Director)

Also in attendance were the Chief Financial Officer and Company Secretary, Mr. Kunal Vakharia (Partner, M/s. Kanu Doshi Associates LLP, Statutory Auditors), and Mr. S. N. Viswanathan (Representative from M/s. S. N. Ananthasubramanian & Co., Practicing Company Secretaries, Secretarial Auditors).

Voting Arrangements

The company engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to enable member participation. Remote e-voting was available to members holding shares as of the record date Wednesday, August 05, 2026. The voting period was from Sunday, August 09, 2026, at 09:00 AM IST to Tuesday, August 11, 2026, at 05:00 PM IST. E-voting was also available during the AGM for members who had not previously voted.

Audit Reports

The Chairman affirmed that both the Auditors' report on the Financial Statements and the Secretarial Audit Report for the financial year ended March 31, 2026, contained no adverse remarks, qualifications, or disclaimers. Consequently, these reports were not read out during the AGM.

Business Transacted

The following agenda items from the notice of AGM were transacted:

Ordinary Businesses

1. Receipt, consideration, and adoption of:

  • Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors

2. Declaration of a Final Dividend of ₹2 (Rupees Two only) per equity share of face value ₹1 each (200%) for the financial year ended March 31, 2026.

3. Appointment of Director in place of Shri Vandan Sitaram Shah (DIN: 00759570), who retires by rotation and offered himself for re-appointment.

Special Businesses

4. Approval for continuation of directorship of Shri Shekhar Bajaj (DIN: 00089358) as Chairman & Non-Executive Non-Independent Director after attaining the age of seventy-five years.

5. Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2027.

6. Appointment of Ms. Pooja Bajaj (DIN: 08254455) as a Director of the Company.

7. Appointment of Shri Mahendrakumar Gohel (DIN: 09425947) as a Non-Executive Independent Director.

Member Interaction

Registered members addressed the meeting through VC and sought clarifications on the company's accounts and businesses. Clarifications were provided by Chairman Shekhar Bajaj, Managing Director Amit Bhalla, and Bijay Kumar Agrawal.

Results Announcement

The Chairman informed that results of remote e-voting and e-voting at AGM along with scrutinizer report would be declared not later than two working days after conclusion of AGM and posted on company website and MUFG Intime website.