Meeting Details

The 102nd Annual General Meeting was held on Tuesday, September 22, 2026, at 11:00 AM IST. The meeting was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) relayed from the Registered and Head Office in Mangaluru, in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI, and the provisions of the Companies Act, 2013.

Proposed Resolutions and Implications

Seven resolutions were proposed and approved at the meeting:

1. To receive, consider, and adopt the Audited Standalone & Consolidated Financial Statements for the Financial Year ended March 31, 2026, together with the reports of the Auditors and Directors.

2. To declare a final dividend on equity shares for the Financial Year ended March 31, 2026.

3. To reappoint Mr. B R Ashok (DIN: 00415934), who retired by rotation, as a Director.

4. To appoint M/s. Batliboi & Purohit as Joint Statutory Auditor in place of retiring auditor M/s. Ravi Rajan & Co., LLP and to fix their remuneration.

5. To approve the appointment of Mrs. Biji Sreekrishnavilas Sankaranarayanan (DIN: 11534526) as Executive Director.

6. To approve the appointment of Dr. M Aruna Shyam (DIN: 11789970) as a Non-Executive, Independent Director.

7. To approve the appointment of Mr. Parthasarathi Periaswamy (DIN: 08507318) as a Non-Executive, Independent Director.

Voting Process and Methods

The voting was conducted through remote e-voting prior to the meeting. For members attending the AGM via VC/OAVM who had not yet voted, an additional 15-minute electronic voting facility was enabled during the meeting. CS Lekha Ashok, Partner of M/s. SVJS & Associates, Practicing Company Secretaries, Bengaluru, was appointed as the Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM in a fair and transparent manner.

Key Voting Outcomes and Participation

All seven resolutions were passed with the requisite majority. The detailed voting results were published on the stock exchanges on September 22, 2026. The total number of members who attended the AGM was 182, and the requisite quorum was present.

Scrutinizer's Role and Findings

The Scrutinizer, CS Lekha Ashok, was responsible for ensuring a fair and transparent voting process. The document confirms that the scrutinization was completed, leading to the publication of the voting results.

Compliance Confirmation

The meeting was confirmed to be in compliance with the Companies Act, 2013, the rules made thereunder, the Secretarial Standards, and the relevant circulars issued by MCA and SEBI.

Attendees

The meeting was attended by 182 members. The following individuals also attended:

  • Board of Directors (11 members): Mr. P Pradeep Kumar (Chairman - Independent Director), Mr. Raghavendra S Bhat (Managing Director & CEO), Mrs. Biji S S (Executive Director), Mr. B R Ashok (Non-Executive, Non-Independent Director), Mrs. Uma Shankar, Mr. Balakrishna Alse S, Mr. Jeevandas Narayan, Mr. Kalmanje Gururaj Acharya (Non-Executive, Independent Director), Mr. Harish H V, Dr. M Aruna Shyam, Mr. Parthasarathi Periaswamy.
  • Senior Management: CA. Vijayakumar P.H. (Chief Financial Officer), CS. Sham K (Company Secretary & Compliance Officer).
  • Statutory Auditors: CA. Sumit Kumar, CA. Neeraj Agarwal, CA. Sheenam Sachdeva (Partners of M/s. Ravi Rajan & Co., LLP), CA. Sriraam Alevoor M (Partner of M/s. R G N Price & Co.).
  • Secretarial Auditor & Scrutinizer: CS. Lekha Ashok (Partner, M/s. SVJS & Associates).
  • Bank's Legal Advisor: Adv. M.V. Shanker Bhat.