Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Meeting Details
- Date: Thursday, September 24, 2026
- Time: 11:30 a.m. IST to 12:40 p.m. IST
- Location: Conducted through two-way Video Conferencing / Other Audio Visual Means (VC/OAVM)
- Type of Meeting: 45th Annual General Meeting
- Attendance: 128 members attended the meeting
Proposed Resolutions and Implications
The following business items were transacted as per the Notice dated July 02, 2026:
Ordinary Business:
1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors (Ordinary Resolution)
2. Re-appointment of Mr. Ritoban Roy Burman (DIN: 08020765), who retires by rotation (Ordinary Resolution)
3. Re-appointment of M/s. Ray & Ray, Chartered Accountants as Statutory Auditors for a second term of 5 consecutive years (Ordinary Resolution)
Special Business:
4. Continuation of office of Prof. (Dr.) Surabhi Banerjee (DIN: 07829304) as an Independent Director (Special Resolution)
5. Alteration of Articles of Association (Special Resolution)
Voting Process and Methods
The Company provided two methods for voting:
1. Remote e-voting: Conducted through National Securities Depository Limited (NSDL) services from Monday, September 21, 2026 at 09:00 a.m. IST to Wednesday, September 23, 2026 at 05:00 p.m. IST for shareholders as of the cut-off date (Thursday, September 17, 2026)
2. E-voting during AGM: Provided for shareholders who could not cast votes through remote e-voting before the AGM. Voting remained open for 15 minutes after the conclusion of the AGM proceedings
Key Voting Outcomes
- The consolidated Scrutinizer's Report was received on September 24, 2026
- All resolutions were passed with requisite majority
- Specific voting results (total votes cast, percentage in favor/against, category-wise participation) were not detailed in this summary but were to be submitted to the stock exchanges and uploaded on the company website
Scrutinizer's Role and Findings
- Mr. Atul Kumar Labh of M/s. A.K. Labh & Co., Company Secretaries, served as the Scrutinizer
- The scrutinizer compiled the consolidated report of votes cast through both remote e-voting and e-voting during the meeting
- The scrutinizer confirmed that all resolutions were passed with requisite majority
Compliance with Laws and Regulations
The AGM was conducted in compliance with:
- Companies Act, 2013 (as amended) and rules made thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
- Circulars issued by the Ministry of Corporate Affairs and SEBI
- Statutorily required documents were available electronically for inspection by members during the AGM through a link provided on NSDL's e-voting platform
Other Proceedings
- The Chairman highlighted financial performance, retail expansion, premiumisation, operational efficiency, and future outlook
- 17 speaker shareholders raised queries on financial performance and other relevant matters
- Management responded to queries and provided clarifications
- Auditors' reports contained no qualifications, reservations, adverse comments, or disclaimers