Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Date: Thursday, 24th September, 2026
  • Time: 12:30 P.M. IST
  • Location: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered office at C-4, District Centre, Saket, New Delhi-110017
  • Meeting Type: 50th Annual General Meeting

Meeting Proceedings

The meeting was chaired by Shri Saleem Ahmad, Chairman and Managing Director & CEO. The Chairman introduced Board Members, Authorized Representative of Government of India, Company Secretary & Compliance Officer, Statutory Auditors, Secretarial Auditors, and Scrutinizer. Committee chairpersons of Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility and Sustainability Committee were also introduced.

Attendance: 82 shareholders (including representative of Government of India) were present. Quorum requirements under Companies Act, 2013 were met throughout the meeting.

Document Availability: The register of Directors and key managerial personnel, their shareholding, register of contracts, Memorandum & Articles of Association, and other documents referred in the AGM notice were made available for inspection through NSDL website link during the meeting.

Voting Process

Remote E-voting: Provided for all resolutions as per Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR

  • Period: From 9:00 A.M. on 21st September, 2026 to 5:00 P.M. on 23rd September, 2026

AGM E-voting: Facility provided during the meeting through NSDL system for shareholders who didn't vote prior to AGM

Scrutinizer: Shri Sachin Agarwal, Practicing Company Secretary (Membership no. F5774), partner of M/s. Agarwal S. & Associates, was appointed to conduct both remote e-voting and AGM e-voting in fair and transparent manner.

Resolutions Considered

The following business items from the AGM notice dated 1st September, 2026 were transacted through e-voting:

Ordinary Business:

1. To receive, consider and adopt Audited Standalone Financial Statements for FY ended 31st March, 2026 with Boards' Report, Auditors' Report and C&AG comments - Ordinary Resolution

2. To receive, consider and adopt Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Auditors' Report and C&AG comments - Ordinary Resolution

3. To confirm payment of Interim Dividend of ₹1.20 per equity share (face value ₹2 each, 60% of paid-up equity share capital amounting to ₹112.86 Crore) and declare final dividend @ ₹0.70 per share (face value ₹2 each, 35% of paid-up equity share capital amounting to ₹65.84 Crore) for financial year 2025-26 - Ordinary Resolution

4. To appoint Director in place of Smt. Ragini Advani, Director (Finance) (DIN: 09575213) who retires by rotation - Ordinary Resolution

5. To authorize Board of Directors to fix remuneration of Statutory Auditors for FY 2026-27 (to be appointed by C&AG) - Ordinary Resolution

Special Business:

6. To appoint Shri Rajesh Naik [DIN: 11543707] as Director (Projects), liable to retire by rotation - Ordinary Resolution

7. To appoint Shri Saleem Ahmad [DIN: 10119432] as Chairman & Managing Director, liable to retire by rotation - Ordinary Resolution

8. To ratify remuneration of Cost Auditors for FY 2026-27 - Ordinary Resolution

9. To appoint Smt. Suman Bala (DIN: 11894015) as Independent (Part-time Non-Official) Director, not liable to retire by rotation - Special Resolution

Additional Meeting Details

  • Chairman presented overview of financial and operational performance for FY ended 31st March, 2026 and future scenario
  • Company Secretary confirmed MCA approval for virtual AGM without physical presence
  • Live webcast of proceedings was made available to shareholders
  • Notice of AGM, Board's Report, Auditors' Reports, and C&AG comments were taken as read
  • Statutory Auditors provided no qualifications or remarks; C&AG issued nil comments
  • Secretarial Auditor observations with Management's Reply were at page 148 of Annual Report 2025-26
  • Shareholder queries were addressed by the Chairman
  • E-voting remained open for 15 minutes after meeting closure
  • Results to be declared and notified on IRCON, NSDL, BSE & NSE websites after scrutinizer's report

Compliance Confirmation

The meeting was confirmed to be called, convened, held and conducted as per Companies Act, 2013 and relevant circulars issued by SEBI and MCA.