INDO-MIM 30th AGM Approves FY26 Results, ESOP Modifications

Meeting Details

The 30th Annual General Meeting (AGM) of INDO-MIM Limited was convened and held on Tuesday, September 22, 2026, from 09:00 a.m. (IST) to 10:30 a.m. (IST) through Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting was held in compliance with the Companies Act, 2013, SEBI Listing Regulations, and circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The registered office of the Company at #45(P), KIADB Industrial Area, Hoskote, Bangalore 562 114, was deemed to be the venue.

Attendance

Directors & Key Managerial Personnel Present:

• Mr. Krishna Chivukula - Chairman and Managing Director
• Mr. Krishna Chivukula Jr. - Whole-time Director and Chief Executive Officer
• Ms. Jagadamba Chandrasekhar - Non-Executive Non-Independent Director
• Mr. Raj Chivukula - Non-Executive Non-Independent Director
• Ms. Rajni Anil Mishra - Non-Executive Independent Director and Chairperson of the Audit Committee
• Ms. Meera Shankar - Non-Executive Independent Director and Chairperson of Stakeholder Relationship Committee and Corporate Social Responsibility
• Ms. Sujitha Karnad - Non-Executive Independent Director and Chairperson of Nomination and Remuneration Committee and Risk Management Committee
• Mr. Roger William Bradley - Non-Executive Independent Director
• Mr. Santosh Kumar Dash - Company Secretary & Compliance Officer
• Mr. Parasuraman Balasubramanian - Vice President Finance & Chief Financial Officer

Representatives of Statutory Auditors, Secretarial Auditors, and the Scrutinizer were also present. A total of 208 members attended the meeting through VC/OAVM.

Proceedings Summary

Mr. Krishna Chivukula, Chairman and Managing Director, chaired the meeting. The Company Secretary welcomed the members and confirmed that requisite quorum was present.

The Chairman provided an overview of business highlights for the financial year 2025-26. Mr. Krishna Chivukula Jr., Whole-time Director & CEO, provided a detailed overview of the company's business performance, operational achievements, and outlook.

The Company Secretary highlighted that:

• The Notice of the 30th AGM and the Annual Report for FY 2025-26, containing the Directors' Report, Corporate Governance Report, Management Discussion and Analysis Report, Auditor's Report, and Audited (Standalone and Consolidated) Financial Statements, were circulated to members via email.
• For members without registered email addresses, letters were sent providing a web-link to access these documents on the company's website (www.indo-mim.com), in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations.
• There was no physical attendance, so the requirement for appointing proxies was not applicable.
• The company used MUFG Intime India Private Limited (formerly Link Intime India Private Limited) for e-voting services.
• Remote e-voting commenced on Saturday, September 19, 2026, at 09:00 a.m. (IST) and remained open until Monday, September 21, 2026, at 05:00 p.m. (IST).
• Facility for voting was also made available during the meeting for members who had not voted previously.
• The company had not received authorized representations from Body Corporate Members under Section 113 of the Companies Act.
• There were no qualifications, observations, or adverse remarks in the reports of the Statutory Auditors or Secretarial Auditors.

Agenda Items

The following business items from the AGM notice were read out:

Ordinary Business:

1. To receive, consider and adopt the audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of Directors and Auditors thereon. (Ordinary Resolution)

2. To consider appointment of a director in place of Mr. Raj Chivukula (DIN 02484081), Director who retires by rotation and being eligible, offers himself for re-appointment. (Ordinary Resolution)

Special Business:

3. To consider and ratify the remuneration payable to the cost auditor M/s. Jayaram & Associates, Practicing Cost Accountants with Firm Regn No. 101077 for FY27. (Ordinary Resolution)

4. Appointment of the Secretarial Auditors of the Company for a period of Five years from FY 2026-27 till FY 2030-31. (Ordinary Resolution)

5. Modification and Ratification of "INDO-MIM Employees Stock Option Plan, 2024 ("ESOP 2024")". (Special Resolution)

6. Ratification of the extension of the benefits under the "INDO-MIM Employees Stock Option Plan, 2024 ("ESOP 2024") to the employees of Subsidiary, Associate or Holding companies of the Company. (Special Resolution)

Voting and Results

All resolutions had been put to vote through remote e-voting prior to the meeting. Members who had not voted were provided facility to vote electronically during the AGM. The remote e-voting facility remained open for 15 minutes after the conclusion of the AGM. The results will be announced separately upon receipt of the Scrutinizer's Report and will be intimated to the stock exchanges and placed on the company's website and that of MUFG.

Q&A Session

Ten members who had registered as speakers expressed views and asked questions. Mr. Parasuraman Balasubramanian, Vice President Finance and Chief Financial Officer, responded to all questions raised.

The meeting concluded at 10:30 a.m. (IST) with the Chairman thanking members for their support and participation.