Meeting Details

  • Date: 10 August 2026
  • Time: 10:15 AM to 11:05 AM
  • Location: Sri Thyagaraya Gana Sabha, Vivek Nagar, Chikkadapally, Hyderabad - 500020
  • Type of Meeting: 47th Annual General Meeting
  • Total Members Present: 202 members (including 5 from Promoter Group) present in person

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Audited Financial Statements for the financial year ended 31 March 2026, along with Reports of Directors and Auditors.

2. Declaration of dividend of ₹3 per equity share for the financial year ended 31 March 2026.

3. Re-appointment of Shri J. S. Rao (DIN: 00029090) as a Director who retires by rotation.

Special Business

4. Payment of Remuneration to Managing Director: Approval for payment of remuneration to Shri P. Veeraiah, Chairman & Managing Director, for the remaining tenure from 1 December 2026 to 30 November 2028. The remuneration package includes:

  • Salary: ₹7,00,000 per month (with annual increments decided by the Board)
  • Commission: 2% of net profits (not exceeding limits under Section 197 of Companies Act, 2013)
  • Leave Travel Allowance: Equivalent to one month's salary per year
  • Perquisites: House Rent Allowance (40% of salary), Provident Fund, Gratuity, medical reimbursement, company car with driver, telephone facility, club fees (maximum two clubs), and other benefits as per Income Tax Rules
  • Minimum remuneration provisions as per Schedule V of Companies Act, 2013 if profits are inadequate

5. Appointment of Independent Director: Re-appointment of Smt. Hima Bindu Myneni (DIN: 07120807) as Non-Executive Independent Director for a second term of five years from 16 June 2026 to 15 June 2031.

6. Fixation of Cost Auditor Remuneration: Ratification of remuneration payable to M/s. Narasimha Murthy & Co., Cost Accountants (Firm Registration No. 000042) amounting to ₹1.75 lakhs plus applicable taxes and out-of-pocket expenses for conducting cost audit for FY ending 31 March 2027.

7. Authorization for Donations: Authorization for Shri P. Veeraiah, Chairman & Managing Director, to give donations up to ₹35.00 lakhs per year to various charity organizations effective from 2026-2027 onwards under Section 181 of the Companies Act, 2013.

Voting Process and Methods

  • The company provided remote e-voting facility to shareholders in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of SEBI (LODR) Regulations, 2015.
  • Remote e-voting period: Commenced at 9:00 AM on 7 August 2026 and concluded at 5:00 PM on 9 August 2026.
  • Shareholders present at the AGM who had not cast votes electronically were provided an opportunity to cast votes during the meeting.
  • Smt. Manjula Aleti, Company Secretary in Practice, was appointed as Scrutinizer to scrutinize the remote e-voting process and voting at the AGM.

Key Voting Outcomes

  • The combined results of e-voting and voting at the AGM were to be declared on or before 12 August 2026 upon receipt of the Scrutinizer's Report.
  • The results were to be placed on the company's website and uploaded to stock exchanges.
  • Specific voting numbers and percentages are not provided in this document as they were pending the Scrutinizer's report.

Scrutinizer's Role and Findings

  • Smt. Manjula Aleti was appointed as Scrutinizer to ensure fair and transparent voting process.
  • Her report was expected to be received by 12 August 2026, after which the results would be declared.

Compliance Confirmation

  • The meeting was conducted in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The statutory auditors, M Anandam & Co., Chartered Accountants, represented by Shri S.V.S. Narayana, Partner, confirmed an unqualified audit report.