Meeting Details

The 30th Annual General Meeting was held on Wednesday, 12 August 2026, from 4:30 PM to 5:01 PM (IST) through Video Conferencing (VC) or Other Audio Video Means (OAVM). The deemed venue was the corporate office at 8th Floor, Brilliant Sapphire, Plot No. 10, PSP [PSP Industrial Area], IDA, Scheme No. 78, Part II, Indore (M.P.) 452010.

Attendance

Total members on cut-off date (5 August 2026): 19,740

Members present through VC: 49

Quorum requirement: 30 members

Quorum present: Yes

Chairman: Shri Shiv Singh Mehta (Chairman and Managing Director)

Directors Present:

  • Smt. Purnima Mehta (Chairperson of Corporate Social Responsibility Committee and Stakeholders' Relationship Committee)
  • Shri Saurabh Singh Mehta (Whole Time Director)
  • Shri Rajesh Sisodia (Director)
  • Shri Raj Kumar Bhawsar (Company Secretary & Compliance Officer)
  • Shri Chandrasekharan Bhaskar (Independent Director, Chairman of Audit Committee, Nomination and Remuneration Committee)

Invitees Present:

  • Shri Nitin Bandi (Head - Finance)
  • M/s M. Mehta & Co., Chartered Accountants (Statutory Auditor)
  • Shri Ishan Jain, M/s Ishan Jain & Co., Company Secretaries (Scrutinizer)
  • Shri Ajit Jain, M/s Ajit Jain & Co., Company Secretaries (Secretarial Auditor)

Voting Process

Remote e-voting period: 9 August 2026 (9:00 AM) to 11 August 2026 (5:00 PM)

E-voting during AGM: Available for members who hadn't voted remotely

Scrutinizer: Shri Ishan Jain, Practicing Company Secretary

Voting results declaration: Within 2 days of AGM conclusion

Resolutions and Voting Results

Ordinary Business

Item 1: Adoption of Audited Financial Statements

  • Resolution: Adoption of audited standalone and consolidated financial statements for FY ended 31 March 2026
  • Votes in favor: 33,461,410 (100%)
  • Votes against: 2 (0%)
  • Result: Passed as ordinary resolution

Item 2: Confirmation of Interim Dividend

  • Resolution: Confirmation of interim dividend @ ₹3.00 (300%) on 5,01,03,520 equity shares of ₹1 each
  • Total dividend amount: ₹15,03,10,560 (₹1503.11 lakhs)
  • Declared and paid by Board on: 8 November 2025
  • Votes in favor: 33,461,410 (100%)
  • Votes against: 2 (0%)
  • Result: Passed as ordinary resolution

Item 3: Re-appointment of Director

  • Resolution: Re-appointment of Mr. Saurabh Singh Mehta (DIN: 00023591) who retired by rotation
  • Votes in favor: 33,461,410 (100%)
  • Votes against: 2 (0%)
  • Result: Passed as ordinary resolution

Item 4: Re-appointment of Statutory Auditors

  • Resolution: Re-appointment of M/s M Mehta & Company, Chartered Accountants (FRN 000957C)
  • Term: Second consecutive term of 5 years, from 30th AGM conclusion to 35th AGM conclusion (2031)
  • Remuneration: To be decided by Board upon Audit Committee recommendation
  • Votes in favor: 33,461,402 (100%)
  • Votes against: 10 (0%)
  • Result: Passed as ordinary resolution

Item 5: Ratification of Cost Auditors Remuneration

  • Resolution: Ratification of remuneration payable to M/s. Dhananjay V. Joshi & Associates, Cost Accountants (FRN: 000030)
  • Remuneration: ₹35,000 plus applicable taxes and out-of-pocket expenses
  • Appointment: By Board on Audit Committee recommendation for FY 2026-27
  • Votes in favor: 33,461,410 (100%)
  • Votes against: 2 (0%)
  • Result: Passed as ordinary resolution

Special Business

Item 6: Revision in Remuneration of Mr. Saurabh Singh Mehta

  • Resolution: Revision in remuneration of Mr. Saurabh Singh Mehta (DIN: 00023591) as Whole-time Director designated as Joint Managing Director
  • Tenure: Effective from 1 April 2026 to 31 July 2027 (remaining part of tenure)
  • Approval: Exceeds 5% of net profits under Section 198 of Companies Act, 2013
  • Minimum remuneration payable in case of loss or inadequacy of profit
  • Termination: Six months' prior notice or salary in lieu
  • Votes in favor: 33,460,546 (99.9974%)
  • Votes against: 866 (0.0026%)
  • Result: Passed as special resolution

Item 7: Reappointment of Mr. Shiv Singh Mehta as Chairman and Managing Director

  • Resolution: Reappointment of Mr. Shiv Singh Mehta (DIN: 00023523) as Chairman and Managing Director
  • Tenure: 3 years from 12 January 2027 to 11 January 2030
  • Age: Above 70 years
  • Also holds office of Managing Director of Kriti Industries (India) Limited
  • Approval: Exceeds 5% of net profits under Section 198 of Companies Act, 2013
  • Minimum remuneration payable in case of loss or inadequacy of profit
  • Termination: Six months' prior notice or salary in lieu
  • Votes in favor: 33,461,410 (100%)
  • Votes against: 2 (0%)
  • Result: Passed as special resolution

Item 8: Reappointment of Mr. Saurabh Singh Mehta as Joint Managing Director

  • Resolution: Reappointment of Mr. Saurabh Singh Mehta (DIN: 00023591) as Whole-time Director designated as Joint Managing Director
  • Tenure: 3 years from 1 August 2027 to 31 July 2030
  • Approval: Exceeds 5% of net profits under Section 198 of Companies Act, 2013
  • Minimum remuneration payable in case of loss or inadequacy of profit
  • Termination: Six months' prior notice or salary in lieu
  • Votes in favor: 33,460,546 (99.9974%)
  • Votes against: 866 (0.0026%)
  • Result: Passed as special resolution

Share Capital Structure

Total equity shares: 5,01,03,520 shares of ₹1 each

Promoter & Promoter Group: 3,34,10,469 shares (66.67%)

Public Institutions: 15,663 shares (0.03%)

Public Non-Institutions: 1,66,77,388 shares (33.28%)

Voting Participation

Total votes polled: 33,461,412 shares (66.7846% of total share capital)

Promoter & Promoter Group: 99.994% participation (33,408,469 votes)

Public Non-Institutions: 0.3175% participation (52,943 votes)

Public Institutions: No participation

Other Business Matters

  • Chairman delivered speech covering business operations and FY 2025-26 performance
  • Members had opportunity to speak and ask queries during AGM
  • All queries were satisfactorily replied by Chairman
  • Meeting concluded with vote of thanks