AGM Details

The 125th Annual General Meeting will be held on Tuesday, June 30, 2026, at 10:30 a.m. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting will be deemed conducted at the Registered Office: Mandlik House, Mandlik Road, Colaba, Mumbai 400001.

Ordinary Business Agenda

Item No. 1: Adoption of Audited Standalone Financial Statements

To receive, consider, and adopt the Audited Standalone Financial Statements for the Financial Year ended March 31, 2026, with Reports of Board of Directors and Auditors.

Item No. 2: Adoption of Audited Consolidated Financial Statements

To receive, consider, and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2026, with Report of the Auditors.

Item No. 3: Declaration of Dividend

To declare dividend of ₹3.25 per equity share of face value ₹1 each for Financial Year ended March 31, 2026.

Item No. 4: Re-appointment of Director

To appoint a director in place of Mr. Puneet Chhatwal (DIN: 07624616) who retires by rotation under Section 152(6) of Companies Act, 2013 and seeks re-appointment.

Special Business Agenda

Item No. 5: Re-appointment of Mr. Anupam Narayan as Independent Director

Special Resolution to re-appoint Mr. Anupam Narayan (DIN: 05224075) as Independent Director for a second term from August 23, 2026 to December 16, 2028. He was originally appointed for five years from August 23, 2021 to August 22, 2026 at the 121st AGM.

Item No. 6: Revision in remuneration of Mr. Puneet Chhatwal, MD & CEO

Ordinary Resolution to revise basic salary scale applicable to Mr. Puneet Chhatwal from maximum ₹22,00,000 per month to maximum ₹30,00,000 per month effective April 1, 2026 for remainder of his term ending November 5, 2027.

Dividend Details

The Board of Directors at its meeting held on May 11, 2026 recommended dividend of ₹3.25 per equity share (325%). Record Date fixed as Tuesday, June 23, 2026 for determining entitlement. Dividend payment scheduled to commence from Friday, July 3, 2026 through electronic mode only.

Tax Compliance Requirements

Members must update Residential Status, PAN, Category details with DPs/RTA by Friday, June 19, 2026 for appropriate TDS deduction. Different document requirements specified for resident individual shareholders, non-resident shareholders, and FPIs.

Voting Arrangements

Remote e-voting period commences Friday, June 26, 2026 at 9:00 a.m. IST and ends Monday, June 29, 2026 at 5:00 p.m. IST through NSDL platform. Cut-off date for voting eligibility is Tuesday, June 23, 2026. Mr. Khushroo K. Driver appointed as Scrutiniser.

Document Availability

Notice and Integrated Annual Report available electronically. Physical copies available on request. Documents available for inspection include Register of Directors and KMP, Register of Contracts, and relevant documents referred to in Notice.

Director Details

Mr. Puneet Chhatwal (DIN: 07624616)

  • Managing Director & CEO since November 6, 2017
  • Age: 62 years (DOB: April 16, 1964)
  • Attended all 4 Board meetings in FY 2025-26
  • Holds directorships in 12 other companies including Oriental Hotels, Titan Company, Tata Digital
  • No shares held personally or beneficially

Mr. Anupam Narayan (DIN: 05224075)

  • Independent Director since August 23, 2021
  • Age: 72 years (DOB: December 17, 1953)
  • Attended all 4 Board meetings in FY 2025-26
  • No other directorships in listed companies
  • No shares held personally or beneficially
  • Eligible for sitting fees and commission