Meeting Details

The 63rd Annual General Meeting was held on Friday, 7th August, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 11:00 AM and concluded at 12:10 PM (duration: 70 minutes). The deemed venue was the Registered Office of the Company at Ion House, Dr. E. Moses Road, Mahalaxmi, Mumbai - 400 011.

Attendance

32 members attended the meeting as per attendance records. The following Directors were present:

  • Mr. Keval N. Doshi (Chairman and Chairman of Audit Committee)
  • Mr. Ashok B. Kulkarni (Managing Director)
  • Mr. K Jagannathan (Executive Director and CFO)
  • Mr. Premal N. Kapadia (Chairman of CSR Committee)
  • Mr. Utsav R. Kapadia (Chairman of Stakeholders Relationship Committee)
  • Mr. Kirat M. Patel
  • Mrs. Varsha R. Jain (Chairperson of Nomination and remuneration committee)
  • Mr. Rushabh J. Vora
  • Mr. Chandrahas Zaveri
  • Mr. Jayen S. Mehta

Other attendees included Mr. Hiten P. Vanjara (Company Secretary), representatives of M/s. G. D. APTE & Co. (Chartered Accountants), M/s. P. Mehta & Associates (Practicing Company Secretaries, Secretarial Auditor), and Mr. Prashant S. Mehta (Scrutinizer).

Voting Process

Remote e-voting commenced at 9:00 AM on Monday, 3rd August, 2026 and concluded at 5:00 PM on Thursday, 6th August, 2026. Mr. Prashant S. Mehta, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting process. Facility for e-voting during the AGM was available for members who had not cast votes by remote e-voting.

Business Items and Outcomes

All seven resolutions set out in the Notice were passed with requisite majority and deemed passed on August 7, 2026:

Ordinary Business:

1. Consideration and adoption of Audited Financial Statement for financial year ended March 31, 2026 and Reports of Board of Directors and Auditors - APPROVED

2. Declaration of Dividend on Equity Shares at rate of ₹12.00 per Equity Share of ₹10.00 each for financial year ended March 31, 2026 - APPROVED

3. Re-appointment of Shri. Kirat M Patel (DIN 00019239) as Director retiring by rotation - APPROVED

4. Re-appointment of Shri. Utsav R. Kapadia (DIN 00034154) as Director retiring by rotation - APPROVED

Special Business:

5. Appointment of Shri. Chandrahas Zaveri (DIN 03564067) as Independent Director - APPROVED

6. Continuation of Directorship of Shri. Utsav Rasiklal Kapadia (DIN 00034154) as Non-Executive Non Independent Director attaining age of 75 years - APPROVED

7. Ratification of remuneration of Cost Auditors for financial year ending March 31, 2027 - APPROVED

Additional Proceedings

The Chairman addressed members, and all queries raised by members were addressed by the Managing Director, Executive Director and Company Secretary. The results of e-voting were to be disseminated to the Stock Exchange and uploaded on the company website and CDSL (www.evotingindia.com).

Financial Impact

The dividend declaration of ₹12.00 per equity share of ₹10.00 each represents a cash outflow to shareholders. The ratification of Cost Auditor remuneration for FY2027 represents a future expense commitment.