Event Overview

Notice of 30th Annual General Meeting to be held on Tuesday, September 22, 2026, at 09:00 AM IST through Video Conferencing/Other Audio Visual Means, deemed to be conducted at Registered Office.

Ordinary Business

1. To receive, consider and adopt audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Reports of Directors and Auditors.

2. To consider appointment of Mr. Raj Chivukula (DIN 02484081) as Director who retires by rotation and offers himself for re-appointment.

Special Business

3. Ratification of remuneration payable to cost auditor M/s. Jayaram & Associates (Firm Regn No. 101077) for FY27 at ₹2,50,000 plus applicable GST.

4. Appointment of M/s. SNM & Associates (Certificate of Practice No. 4684) as Secretarial Auditors for five consecutive financial years from FY 2026-27 to FY 2030-31 at remuneration of ₹1,50,000 plus GST for FY27, with fees for subsequent years to be mutually agreed.

5. Modification and ratification of "INDO-MIM Employees Stock Option Plan, 2024 (ESOP 2024)" through special resolution:

  • Maximum options: 7,23,04,615 (Seven Crore Twenty-Three Lakh Four Thousand Six Hundred Fifteen) options convertible into equity shares of face value ₹1 each
  • Maximum per employee: 48,00,000 (forty-eight lakh) equity shares per year
  • Exercise price: Face value of ₹1 or as determined by Nomination and Remuneration Committee
  • Vesting period: Minimum 1 year
  • Exercise period: 15 months from vesting for employed employees

6. Ratification of extension of ESOP 2024 benefits to employees of subsidiary, associate or holding companies through special resolution.

ESOP Plan Details

  • Objective: Share benefits with employees, ensure long-term commitment, promote ownership culture
  • Eligible employees: Employees, directors (excluding promoters/promoter group and directors holding >10% shares), employees of group companies
  • Valuation method: Intrinsic/Black Scholes method or as per Indian accounting standards
  • Shares allotted will rank pari passu with existing equity shares
  • No lock-in period except as prescribed by law
  • Administration: Directly by Company under Nomination and Remuneration Committee
  • Implementation: New issue of shares only (no secondary acquisition)

Voting Information

  • Cut-off date: Tuesday, September 15, 2026
  • Remote e-voting period: Saturday, September 19, 2026 (09:00 AM) to Monday, September 21, 2026 (05:00 PM)
  • E-voting service provider: MUFG Intime India Private Limited
  • Scrutinizer: M/s. SNM & Associates
  • Results declaration: Within 48 hours of AGM conclusion on company website and RTA website

Document Distribution

  • Notice and Annual Report sent electronically to members with registered email addresses
  • Physical copies available on request to investor.helpdesk@in.mpms.mufg.com
  • Documents available on company website www.indo-mim.com and RTA website https://instavote.linkintime.co.in/

Director Profile (Annexure I)

  • Mr. Raj Chivukula (Age 52, DIN: 02484081)
  • Address: 8201 Cattail DR, Longmont Colorado, 80503-7285, USA
  • Occupation: Business
  • Qualification: Bachelor's degree in science from Le Moyne College
  • Current remuneration: Profit-based commission of ₹24,00,000 per annum plus sitting fee of ₹50,000 per meeting
  • First appointment: 2004
  • Shareholding: No direct shares, indirect through holding company
  • Relationship: Son of Chairman & MD Krishna Chivukula, brother of Whole Time Director & CEO Krishna Chivukula Jr
  • Board attendance: 7 out of 11 meetings in FY26