AGM Details

The 50th Annual General Meeting will be held on Wednesday, June 17, 2026 at 3:00 PM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue is the registered office at 302, Iscon Mall, Star India Bazar Building, Opp. Jodhpur BRTS Satellite, Ahmedabad-380015, Gujarat.

Ordinary Business Items

1. To receive, consider and adopt:

  • Audited financial statements for FY26 (year ended March 31, 2026) with Board of Directors and Auditors reports
  • Audited consolidated financial statements for FY26 with Auditors report

2. To confirm interim dividend of ₹12.70 per equity share already paid during financial year 2025-26

3. To declare final dividend of ₹9.30 per equity share for financial year 2025-26

4. To appoint Mr. Amal Kelshikar (DIN: 06378987) as Director who retires by rotation and offers himself for re-appointment

Dividend Information

  • Record Date: May 29, 2026 for determining members entitled to receive dividend
  • Payment Date: On or after June 19, 2026, subject to declaration at AGM
  • Tax Treatment: Dividend payment subject to deduction of tax at source as per Income Tax Act, 2025

Director Re-appointment Details

Mr. Amal Kelshikar (DIN: 06378987)

  • Age: 58 years
  • Experience: 32 years in Strategic Planning, Innovation, Marketing, Sales, Channel Management, Commercial Excellence
  • Education: BE (Chem) from University Department of Chemical Technology, Mumbai; MBA (PGDM) from IIM Ahmedabad; Executive Finance Program from Harvard Business School; Executive Marketing Program from Kellogg Executive Education
  • Current Role: Overseeing India business of Torrent Pharmaceuticals Limited since 2022
  • Previous Experience: Worked at Abbott, Baxter, Novartis, Astra Zeneca
  • Appointment History: Appointed as Additional Director on January 21, 2026; appointed as Director liable to retire by rotation through Postal Ballot on March 23, 2026
  • Remuneration: No remuneration paid by the company
  • Board Attendance: Attended 3 Board meetings during his tenure in FY26
  • Shareholding: Not a shareholder/beneficial owner of company shares
  • Committee Memberships: Not a member of any Committee of the Board
  • Relationships: Not related to any director or key managerial person
  • Other Directorships: Holds no directorships or committee positions in other companies

Voting Procedures

Remote E-voting Period: June 14, 2026 (9:00 AM) to June 16, 2026 (5:00 PM)

Cut-off Date: June 10, 2026 (members holding shares on this date eligible to vote)

E-voting Service Provider: Central Depository Services (India) Limited (CDSL)

Members can vote through:

  • CDSL website (www.cdslindia.com) for demat account holders
  • NSDL website (https://eservices.nsdl.com) for demat account holders
  • Physical shareholders through www.evotingindia.com using folio number

Important Notes

  • AGM conducted virtually pursuant to MCA General Circular No. 03/2025 dated September 22, 2025
  • Proxy facility not available for virtual AGM
  • Dividend for 2018-19 becomes due for transfer to IEPF on September 26, 2026
  • Members holding physical shares must provide PAN, KYC details, and nomination details to RTA
  • Members must update bank details and address for dividend receipt
  • Annual report dispatched electronically in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024

Scrutinizer Appointment

Mr. Rajesh Parekh, Practicing Company Secretary (Membership No. A8073) appointed as scrutinizer, with Ms. Aishwarya Parekh, Partner, RPAP & Co. (Membership No. F13318) as alternate.