Meeting Details
The 40th Annual General Meeting (AGM) of KBS India Ltd was held on Friday, 18th September, 2026 at 04:30 P.M. (IST) through Video Conferencing / Other Audio Visual Means without physical presence of members. The meeting commenced at 04:30 P.M. and concluded at 04:46 P.M.
Attendance
Directors and Key Managerial Personnel Present:
- Tushar Suresh Shah - Chairman and Managing Director
- Namita Shah - Director
- Sushmita Swarup Lunkad - Independent Director
- Ashwini Ramakant Gupta - Independent Director
- Chandrakant Lodaya - Chief Financial Officer
- Murli Sarda - Company Secretary
Other Representatives:
- Mr. Naimish Joshi, Authorised Representative of Statutory Auditors
- Mr. Keyur Atul Shah, Authorised Representative of M/s. D N Vora & Associates, Company Secretaries, Mumbai (Secretarial Auditors and Scrutinizer)
Quorum: Total 45 members attended the AGM through VC/OAVM.
Proceedings Summary
Mr. Tushar Suresh Shah, Chairman and Managing Director, chaired the meeting. The Register of Directors and Key Managerial Personnel and their Shareholding and Register of Contracts or Arrangements as maintained under Sections 170 and 189 of the Companies Act, 2013 respectively were made available for inspection to members who had requested.
The Chairman briefed members about the progress and achievements of the Company during the financial year 2025-2026.
Voting Information
Remote e-voting period commenced from Tuesday, 15th September, 2026 at 9:00 A.M. and concluded on Thursday, 17th September, 2026 at 5:00 P.M. Members who had not cast their vote earlier through remote e-voting facility could cast their vote during the meeting through e-voting facility provided by CDSL, which remained open till 15 minutes after the conclusion of the AGM.
CS Dipali Vora, Proprietor of M/s. D N Vora & Associates, Company Secretaries, Mumbai was appointed as Scrutinizer to scrutinize the voting through electronic means.
Business Transacted
The following items of business from the Notice of 40th AGM dated 27th August, 2026 were transacted:
1. Item No. 01 - To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors' and Auditors' thereon (Ordinary Resolution)
2. Item No. 02 - To appoint a director in place of Mr. Tushar Suresh Shah (DIN: 01729641) who retires by rotation and being eligible, offers himself for re-appointment as Director (Ordinary Resolution)
3. Item No. 03 - To create, issue, offer and allot upto 2,50,000 6% Non-Convertible Redeemable Preference Shares ("Preference Shares") of Rs. 100/- each for cash at par aggregating to Rs. 2,50,00,000 (Rupees Two Crore Fifty Lakhs Only) to Mr. Tushar Shah, Promoter of the Company on preferential basis (Special Resolution)
4. Item No. 04 - To approve Related Party Transaction (Ordinary Resolution)
Results Declaration
The consolidated results of the remote e-voting and e-voting during the 40th AGM will be declared within 2 working days of conclusion of the meeting. The results will be displayed at the Registered Office of the Company at 502, Commerce House, 140, Nagindas Master Road, Fort, Mumbai - 400001, Maharashtra. The results will also be available on the Company's website (www.kbs.co.in) and on the website of CDSL (www.evotingindia.com), and will be communicated to BSE Ltd. (www.bseindia.com).