Meeting Details

The 79th Annual General Meeting was held on Thursday, 17th September, 2026 at 10:30 a.m. through Video Conferencing (VC) / Other Audio Video Means (OAVM). The meeting was conducted in compliance with the Companies Act, 2013 and relevant circulars from the Ministry of Corporate Affairs and SEBI.

Attendance

Chairperson: Mr. Suresh G Kare (Chairman)

Board Members Present:

  • Ms. Aditi Panandikar (Managing Director)
  • Mr. Sundeep V. Bambolkar (Jt. Managing Director)
  • Mr. Satish Shenoy (Independent Director & Chairman of Audit Committee and Risk Management Committee)
  • Mr. Ajay Mulgaokar (Independent Director)
  • Dr. Vasudha Kamat (Independent Director)
  • Mr. Abhijit Gore (Independent Director & Chairman of Stakeholder Relationship Committee, and Nomination & Remuneration Committee)

Senior Officials Present:

  • Mr. Pramod Ghorpade (Chief Financial Officer)
  • Mr. Ramanathan Hariharan (Company Secretary & Compliance Officer)

External Parties Present:

  • Mr. Ajit Sathe of M/s A. Y. Sathe & Co. (Scrutinizer)
  • Mr. Atul Kale, Partner of M/s Gokhale & Sathe (Statutory Auditors)

Proceedings Summary

The meeting commenced at 10:30 a.m. with Mr. Suresh G Kare confirming quorum requirements were met. The Company Secretary welcomed members and confirmed that statutory registers and relevant documents were available for electronic inspection.

Ms. Aditi Panandikar, Managing Director, presented the company's performance and future prospects. The Notice convening the AGM and Annual Report for financial year ended 31st March, 2026 were taken as read as they had been previously circulated.

Voting Items

The following nine resolutions were put to vote during the meeting:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY2025-26 and Reports of Board of Directors and Auditors (Ordinary Resolution)

2. Adoption of Audited Consolidated Financial Statements for FY2025-26 and Report of Auditors (Ordinary Resolution)

3. Declaration of final dividend of ₹0.20 (Twenty Paise Only) per equity share for FY2025-26 (Ordinary Resolution)

4. Re-appointment of Ms. Aditi Panandikar (DIN:00179113) who retires by rotation (Ordinary Resolution)

Special Business:

5. Ratification of remuneration of Cost Auditors for FY2026-2027 (Ordinary Resolution)

6. Re-appointment of Ms. Aditi Panandikar (DIN:00179113) as Managing Director (Special Resolution)

7. Continuation of Dr. Vasudha V Kamat (DIN:07500096) as Non-Executive Independent Director after completion of 75 years of age (Special Resolution)

8. Approval of increase in borrowing limits under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

9. Approval for sell, creation of mortgage or charge on assets under Section 180(1)(a) of Companies Act, 2013 (Special Resolution)

Shareholder Engagement

Registered speakers were given opportunity to seek clarifications on agenda items, financial statements, performance, and business matters. Ms. Aditi Panandikar responded to shareholder queries and provided necessary clarifications.

Voting Process

E-voting was conducted through MUFG Intime India Private Limited's platform. Shareholders who had not voted through remote e-voting were given an additional 30 minutes during the meeting to cast their votes.

Meeting Duration

The meeting commenced at 10:30 a.m. and concluded at 11:48 a.m., including the 30-minute e-voting period during the AGM.

Regulatory Compliance Note

The filing notes that voting results pursuant to Regulation 44(3) of SEBI LODR Regulations and Report of the Scrutinizer pursuant to Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014 will be submitted separately in due course.