Meeting Details

  • Date: Monday, September 28, 2026
  • Location: S. No. 243/A, Hissa No. 6, CTS No. 4519, 4519/1, near Chinchwad Station, Chinchwad, Taluka – Haveli, Pune, Maharashtra – 411019
  • Type: Annual General Meeting
  • Timing: Commenced at 11:00 Hrs. (IST) and concluded at 12:10 Hrs. (IST)
  • Members Present: 36 Members attended in person/through authorised representatives

Directors and Key Personnel Present

Directors Present:

  • Mr. Yash Mutha (Managing Director)
  • Mr. Chetan Desai (Independent Director and Chairperson of the Audit Committee)
  • Mr. Adesh Kumar Gupta (Independent Director and Chairperson of the Stakeholders Relationship Committee)
  • Ms. Lilian Jessie Paul (Independent Director)
  • Mr. Raju Venkatraman (Independent Director)
  • Mr. Prem Pradeep (Nominee Director)

Key Managerial Personnel Present:

  • Mr. Mitesh Dave (Group Chief Executive Officer)
  • Mr. Chandra Prakash Singh (Interim Chief Financial Officer)
  • Mr. Sujoy Bose (Company Secretary and Compliance Officer)

Auditor/Scrutinizer Present:

  • Mr. Ayush Bafna (Senior Associate, M/s MSKA and Associates, Chartered Accountants - Statutory Auditor)
  • Mr. Dinesh Birla (Proprietor, M/s. Dinesh Birla & Associates, Practicing Company Secretaries - Secretarial Auditor and Scrutinizer)
  • Mr. Ashutosh Lende (Authorised Representative of M/s Harshad S. Deshpande & Associates, Cost Accountants - Cost Auditor, Special Invitee)

Proceedings Summary

Mr. Rajendra Mutha, Chairperson of the Company, chaired the meeting and confirmed requisite quorum. The Company Secretary welcomed attendees and introduced the directors and officials present.

Voting Process and Methods

  • The meeting was held in physical mode in compliance with the Companies Act, 2013, Secretarial Standards SS-2, and SEBI LODR Regulations, 2015
  • Facility for appointment of proxies was provided in accordance with Section 105 of the Companies Act, 2013 and Regulation 44(4) of SEBI LODR
  • Remote e-Voting period: September 25, 2026 (09:00 Hrs. IST) to September 27, 2026 (17:00 Hrs. IST)
  • Mr. Dinesh Birla was appointed as Scrutinizer to scrutinize votes cast through remote e-Voting and physical ballot papers
  • Members attending in person who hadn't voted remotely could cast votes through physical ballot papers at the venue
  • E-voting results to be declared on company website and stock exchanges

Resolutions Considered

Ordinary Business:

1. To receive, consider, approve and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Auditors

2. To declare a Final Dividend of ₹2.00 per equity share (40% of face value of ₹5 each) for FY ended March 31, 2026

3. To appoint Mr. Yash Prithviraj Mutha (DIN: 07285523) as Director who retires by rotation under Section 152(6) of Companies Act, 2013

4. To appoint M/s Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057) as Statutory Auditors for first term of five consecutive years

Special Business:

5. Ratification of remuneration payable to M/s Harshad S. Deshpande & Associates, Cost Accountants, as Cost Auditors for FY 2026-27

Additional Meeting Details

  • The Notice convening the 16th AGM, along with Standalone and Consolidated Audited Financial Statements and Directors' Report for FY ended March 31, 2026 were taken as read
  • Statutory Auditors' Report and Secretarial Audit Report contained unmodified opinions with no qualifications, reservations, or adverse remarks
  • One speaker member participated in the AGM
  • The polling process concluded after ensuring all eligible Members present had cast their votes
  • The meeting concluded at 12:10 Hrs. (IST) after allowing 10 minutes for eligible Members to cast votes through ballot/polling papers

Compliance Confirmation

The meeting was conducted in compliance with applicable provisions of the Companies Act, 2013, relevant Rules, Secretarial Standards on General Meetings (SS-2), and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.