Meeting Details

  • Date: Friday, 25th September 2026
  • Time: 12.30 PM
  • Location: Held through Video Conference or Other Audio Visual Means (VC/OAVM)
  • Type of Meeting: 31st Annual General Meeting
  • Deemed Venue: Registered Office of the Company at KNR House, 3rd and 4th Floors, Plot No.114, Phase I, Kavuri Hills, Hyderabad, Telangana- 500033.

The meeting is being held virtually in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, specifically citing MCA Circular Nos. 14/2020, 17/2020, and the latest being General Circular 09/2024 dated September 19, 2024, along with SEBI circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 05, 2023, October 06, 2023, and October 03, 2024.

Summary of Proposed Resolutions

ORDINARY BUSINESS

1. To receive, consider, and adopt the audited Financial Statements and Consolidated Financial Statements for the year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.

2. To declare a final Dividend of ₹0.25 per equity share of ₹2.00 each for the financial year 2025-26.

3. To appoint a Director in place of Smt. K Yashoda (DIN:05157487), who retires by rotation and offers herself for re-appointment.

SPECIAL BUSINESS

4. Ratification of remuneration of the Cost Auditors: To ratify the payment of ₹3,00,000/- (excluding taxes) to M/s Suneel and Associates, Cost Accountants, for the financial year ending March 31, 2027.

5. To enter into material related party transactions with M/s KNRHC Baidyanath Banhardih Coal Mine Private Limited: This is a subsidiary of KNR Constructions. The resolution seeks approval for contracts/arrangements/transactions for an aggregate value not exceeding ₹3,552.43 Crores (excluding GST). The purpose is for the supply of services to execute the project of Mine Developer cum Operator for Development and Operation of Banhardih Coal Mining Block in Jharkhand. The tenure is 7 years, with an estimated break-up of ₹100 Crores in the 1st year and ₹575.405 Crores per annum for the subsequent 6 years. This transaction represents 155.37% of the company's annual consolidated turnover for the preceding financial year.

6. To enter into material related party transaction(s) with M/s KNR-SIML (JV): This is a joint venture where KNRCL holds a 51% share. The resolution seeks approval for contracts/arrangements/transactions for an aggregate value not exceeding ₹3,311.71 Crores (excluding GST), comprising ₹1,714.17 Crores (Excluding GST) directly and ₹1,597.54 Crores (Excluding GST) to be done on a back-to-back basis from the JV partner, M/s Sushee Infra Mining Limited (SIML). The purpose is for the supply of services to execute mining works awarded by Southern East Coal Fields Limited in Kusmunda, Chhattisgarh. The tenure is 8 years, with an estimated break-up of ₹200 Crores in the 1st year and ₹216.31 Crores per annum for the subsequent 7 years. This transaction represents 63.53% of the company's annual consolidated turnover for the preceding financial year.

Implications: The related party transactions are presented as being in the ordinary course of business, on an arm's length basis, and beneficial for utilizing KNRCL's existing manpower, skilled personnel, and equipment, thereby contributing significantly to its EPC turnover.

Voting Process and Methods

  • E-voting Period: Commences on Tuesday, 22nd September 2026 at 09:00 AM and ends on Thursday, 24th September 2026 at 05:00 PM.
  • Voting during AGM: E-voting will also be available during the AGM itself, continuing till 15 minutes after the conclusion of the meeting.
  • Cut-off Date: 18th September 2026 for determining eligibility to vote.
  • Methods: Remote e-voting and e-voting during the AGM are provided through the CDSL e-Voting system. Detailed instructions are provided for:
  • Individual shareholders holding securities in demat mode (via CDSL or NSDL portals).
  • Shareholders holding shares in physical form and non-individual shareholders in demat mode (via www.evotingindia.com).
  • Scrutinizer: Mr. Vikas Sirohiya, a partner of P S Rao and Associates, Company Secretaries, Hyderabad, has been appointed to scrutinize the e-voting process in a fair and transparent manner.
  • Physical Attendance: Dispensed with due to the virtual nature of the meeting. The facility for appointment of proxies is not available.

Key Voting Outcomes and Participation

The document does not contain the results of the voting, as it is a notice for a future meeting. It outlines the process for how results will be handled:

  • The scrutinizer will submit a consolidated report to the Chairman not later than 48 hours from the conclusion of the AGM.
  • The results, along with the scrutinizer's report, will be placed on the company's website (www.knrcl.com) and the CDSL website (www.cdslindia.com).
  • The results will be simultaneously communicated to the BSE Limited and the National Stock Exchange of India Limited.
  • Resolutions will be deemed passed on the date of the meeting (September 25, 2026) subject to receiving the requisite number of votes.

Compliance with Laws and Regulations

The notice explicitly confirms compliance with:

  • The Companies Act, 2013, specifically Sections 108, 112, 113, 148, 188, and 102.
  • The Companies (Management and Administration) Rules, 2014.
  • The Companies (Audit and Auditors) Rules, 2014.
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulations 23, 36, 40, and 44.
  • MCA General Circulars permitting virtual AGMs.
  • SEBI Circulars regarding e-voting and virtual meetings.
  • The company's policy on related party transactions.

Other Relevant Financial and Procedural Information

  • Record Date: The Register of Members and Share Transfers will be closed from September 18, 2026, to September 25, 2026 (both days inclusive). The record date for the dividend is September 15, 2026. The final dividend, if approved, will be paid on or before October 20, 2026.
  • Unclaimed Dividend: Notes regarding the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund (IEPF) are included, advising shareholders to claim any unpaid dividends.
  • Green Initiative: The notice and annual report are being sent electronically to members with registered email addresses. Members are encouraged to register their email IDs.
  • Online Dispute Resolution: The notice informs members of SEBI's common Online Dispute Resolution Portal (https://smartodr.in/login) for resolving disputes after exhausting grievances with the RTA/Company and the SCORES platform.
  • KYC Compliance: Emphasis is placed on members ensuring their PAN, bank details, and KYC are updated with the company, RTA (MUFG Intime India Private Limited), or their Depository Participants to facilitate smooth dividend payments and voting.
  • Voting Rights: Voting rights are proportional to the shares held as of the cut-off date, September 18, 2026.