Meeting Details

The 35th Annual General Meeting was held on Tuesday, July 14, 2026 at 11:30 a.m. through Video Conferencing/Other Audio Visual Means (OAVM) as per guidelines issued by the Ministry of Corporate Affairs vide General Circular no. 03/2025 dated September 22, 2025, read with General Circular no. 20/2020 dated May 5, 2020.

Attendance

  • 64 members holding 17,49,28,326 equity shares (47.64% of paid-up equity share capital) were present
  • Corporate member representation: 1 corporate member holding 1,44,99,976 shares (3.95%)
  • M. P. Ramachandran Family Trust I: 64,11,011 shares (1.75%)
  • M. P. Ramachandran Family Trust II: 14,36,39,870 shares (39.12%)

Board Members Present

  • Ms. M. R. Jyothy - Chairperson and Managing Director
  • Mr. Ananth Rao T - Director-Operations and Commercial
  • Mr. Ravi Razdan - Director-IT & HR
  • Ms. Bhumika Batra - Independent Director, Chairperson of Audit Committee and Nomination, Remuneration and Compensation Committee
  • Mr. Aditya Sapru - Independent Director
  • Mr. Narayanan Subramaniam - Independent Director, Chairman of Stakeholders' Relationship Committee
  • Mr. Suresh Balakrishna - Independent Director
  • Mr. Pawan Kumar Agarwal - Chief Financial Officer
  • Mr. Shreyas Trivedi - Head-Legal & Company Secretary

Invitees Present

  • Representative of M/s. B S R & Co., LLP, Chartered Accountants (Statutory Auditors)
  • Mr. Himanshu S. Kamdar, Partner, M/s. Rathi & Associates (Secretarial Auditors and Scrutinizer)

Key Proceedings

  • The Chairperson welcomed shareholders and confirmed quorum was present
  • Notice of AGM, Directors' Report, and Annual Audited Financial Statements for FY ended March 31, 2026 were taken as read
  • Auditor's Report and Secretarial Auditor's Report contained no qualifications, observations, or adverse comments

Business Performance Highlights (FY 2025-26)

  • Volatile external environment with geopolitical tensions in West Asia and elevated input costs
  • Steady volume growth maintained despite headwinds
  • Investments in branding, distribution, digital acceleration, and new product development
  • GST rate cuts and good monsoon supported demand recovery in second half
  • Modern Trade and e-commerce channels grew 26%
  • Approximately 100,000 new outlets added during the year
  • New product launches: Exo variants in dishwash bar and liquid formats, Dr. Wool liquid detergent, refreshed Margo pack
  • Henkel AG & Co. KGaA decided not to renew license agreements for Pril and Fa brands beyond May 31, 2026
  • Company developing Exo as owned brand platform across dishwash formats
  • Sustainability initiatives: Zero Liquid Discharge facilities at 12 plants, solar plants at four locations
  • 100% EPR plastic collection target maintained
  • Recognized by Great Place to Work as India's Top 50 Best Workplaces in Manufacturing 2026
  • Certified among India's Best Workplaces in FMCG 2025

Voting Procedures

  • E-voting facility provided through Central Depository Services (India) Limited (CDSL)
  • Remote e-voting available prior to meeting
  • E-voting at AGM available for members who hadn't voted remotely, open until 15 minutes after meeting conclusion
  • Consolidated results to be uploaded on company website, stock exchange websites, and CDSL within two working days

Resolutions Approved

Ordinary Business:

1. Adoption of Audited Balance Sheet and Profit & Loss Account for FY ended March 31, 2026 (standalone)

2. Declaration of final dividend of ₹3.50 per equity share (face value ₹1 each) for FY 2025-26

3. Re-appointment of Mr. Ravi Razdan (DIN: 08936083) who retired by rotation

Special Business:

4. Ratification of remuneration of Cost Auditors

5. Re-appointment of Mr. Aditya Sapru (DIN: 00501437) as Independent Director

6. Annual payment of remuneration by way of Commission to Directors (other than Chairperson and Managing Director/Whole-time Directors)

Meeting Duration

The meeting commenced at 11:30 a.m. and concluded at 1:30 p.m., remaining open for an additional 15 minutes for e-voting completion.