Meeting Details

  • Meeting Type: 46th Annual General Meeting (AGM)
  • Meeting Date and Time: Tuesday, 15th September 2026 at 03:00 P.M. IST
  • Meeting Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The proceedings are deemed to be conducted at the Registered Office of the Company at Plot No 3, Sector-III, Parwanoo, District Solan, (H.P)-173220, which is the deemed venue.

Summary of Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Financial Statements (Standalone and Consolidated) for the financial year ended 31st March 2026, along with the reports of the Board of Directors and Auditors.

2. Dividend Declaration:

  • To confirm the payment of an Interim Dividend of ₹15 per equity share (150%) already paid for FY 2025-26, absorbing ₹18,44,89,200.
  • To declare a Final Dividend of ₹8 per equity share (80%) for FY ended 31st March 2026, absorbing ₹9,83,94,240 from current year's profits. The Record Date for determining entitlement is Tuesday, 8th September 2026.
  • The Board of Directors and/or specified officers are authorized to take necessary steps to effect the dividend payment.

3. Re-appointment of Director: To re-appoint Mr. Sanjeev Kumar Masown (DIN: 03542390), who retires by rotation and is eligible for re-appointment.

Special Business

4. Incentive Payout to Chairman & MD: To approve, via Special Resolution, a one-time Incentive Payout of ₹61.71 Lacs to Mr. Yashovardhan Saboo (DIN: 00012158), Chairman and Managing Director, for FY 2025-26. This is over and above his approved remuneration limit.

5. Incentive Payout to CFO: To approve, via Special Resolution, a one-time Incentive Payout of ₹49.04 Lacs to Mr. Sanjeev Kumar Masown (DIN: 03542390), Whole-time Director cum Chief Financial Officer, for FY 2025-26. This is over and above his approved remuneration limit.

6. Authorization for Borrowings: To authorize, via Ordinary Resolution, the Board to borrow money from shareholders by way of Unsecured Fixed Deposits, subject to compliance with Section 73 of the Companies Act, 2013.

7. Ratification of Cost Auditor Remuneration: To ratify, via Ordinary Resolution, the remuneration of up to ₹1 Lac plus GST & expenses payable to M/s Khushwinder Kumar & Co., Cost Accountants (FRN: 100123), for conducting the cost audit for FY 2026-27.

Voting Process and Methods

  • Remote E-voting: Facilitated by National Securities Depository Limited (NSDL) at www.evoting.nsdl.com.
  • E-voting Commencement: Friday, 11th September 2026 at 09:00 A.M. (IST)
  • E-voting End: Monday, 14th September 2026 at 05:00 P.M. (IST)
  • Cut-off Date for Eligibility: Tuesday, 8th September 2026
  • Voting at AGM: Members present at the AGM via VC/OAVM who have not voted remotely can vote during the meeting using the same e-voting system.
  • Detailed instructions for accessing the e-voting system for both demat and physical shareholders are provided in the notice.

Key Voting Outcomes

The specific voting outcomes (total votes cast, percentage in favor/against, participation by category) are not provided in this notice document, as it is published before the meeting and voting process. The results will be announced after the meeting.

Scrutinizer's Role

The appointment or name of a Scrutinizer for vote counting is not detailed in this notice. This information is typically part of the results announcement post-meeting.

Compliance Confirmation

The notice affirms that the meeting is being convened and conducted in compliance with the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and relevant MCA circulars (including General Circular No. 03/2025) permitting AGMs via VC/OAVM.

Other Relevant Information

  • Financial Performance (Standalone): FY 2025-26 Total Income: ₹52,406.00 Lacs, PBT: ₹9,646.00 Lacs, PAT: ₹7,660.00 Lacs.
  • Rationale for Incentive Payouts: Based on a policy approved by the Nomination & Remuneration Committee to share a percentage of excess operational profit (₹27.6 Cr higher than FY25 and ₹18.5 Cr higher than budget) with eligible managerial staff.
  • Shareholder Communication: The notice and annual report are being sent electronically. Physical documents are available for inspection at the registered office by prior appointment.
  • IEPF Warning: Unclaimed dividends for seven years will be transferred to the Investor Education and Protection Fund (IEPF).
  • Compulsory Demat: SEBI mandates that all transfer requests and service requests (like transmission, transposition) will only be processed for dematerialized shares.