Meeting Details

  • Date: Friday, September 25, 2026
  • Time: 11:12 AM to 11:45 AM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 16th Annual General Meeting
  • Chairperson: Mr. Arvind Kamath, Whole Time Director and Chairperson of the Board

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. To declare a final dividend of ₹0.30 per share (15%) on 5,59,53,915 fully paid up equity shares of ₹2 each for FY2025-26

3. To appoint Mr. Dipak Bharuka (DIN: 09187979) who retires by rotation and offers himself for re-appointment

Special Business:

4. To ratify remuneration of M/s. Shekhar Joshi & Co., Cost Accountants, as Cost Auditors for FY ending March 31, 2027

5. To pay professional fees for technical consultancy services to Mr. Bang Hee Kim (DIN: 03117636), Non-Executive Director for FY2026-27 (effective June 1, 2026)

6. To approve material related party transaction(s)

7. To alter Object Clause of the Company

Voting Process

  • Method: Remote e-voting facility offered to members
  • E-voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • Meeting Voting: Members who did not vote through remote e-voting could cast votes during the meeting and 15 minutes after the meeting
  • Scrutinizer: M/s. Suman Sureka & Associates, Practicing Company Secretaries appointed as Scrutinizers for entire e-voting process

Key Meeting Proceedings

  • Company Secretary explained procedural/technical points for VC participation
  • Chairperson confirmed requisite quorum was present
  • Statutory Auditors' Report and Secretarial Auditors' Report contained no qualifications, reservations or adverse remarks
  • Statutory registers and other documents were available electronically for member inspection upon request
  • Chairperson delivered speech briefing members on Company's performance during FY2025-26
  • Registered speakers expressed views and raised questions, with replies provided by Mr. Arvind Kamath

Compliance and Reporting

  • Voting results along with scrutinizers' report to be announced within 2 working days
  • Results will be intimated to stock exchanges and placed on company website
  • Meeting conducted in accordance with circulars issued by Ministry of Corporate Affairs

Attendees

Directors Present:

  • Mr. Arvind Kamath, Whole Time Director and Chairperson
  • Mr. Goutam Rampelli, Whole Time Director and Vice Chairperson
  • Mr. Dipak Bharuka, Whole Time Director & CEO
  • Mr. Bang Hee Kim, Non-Executive Director
  • Mr. Raman Govind Rajan, Independent Director and Chairperson of Stakeholders Relationship Committee
  • Mrs. Sudha Bhushan, Independent Director and Chairperson of Audit Committee and Nomination & Remuneration Committee
  • Mr. Balraj Kishor Namdeo, Independent Director and Chairperson of Risk Management Committee
  • Mr. Mohammad Habibulla, Independent Director

Auditors and Officials Present:

  • Mr. Abhijit Shetye, Partner of P G Bhagwat LLP, Statutory Auditors
  • Mrs. Suman Sureka, Secretarial Auditors and scrutinizer for AGM
  • Mr. Anand Agarwal, Interim Chief Financial Officer
  • Mrs. Sonal Deshmukh, General Manager – Accounts & Finance