Meeting Details

The 81st Annual General Meeting was held on Friday, June 5, 2026, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) at 3:00 p.m. (IST). The meeting concluded at 6:26 p.m. (IST).

Attendance

  • All Directors of the Company were present
  • Representatives of Statutory Auditors, Secretarial Auditors and Cost Auditors were present
  • 280 public shareholders attended through video conferencing
  • Total shareholders on record date: 19,31,893

Resolutions Passed

All nine resolutions were duly passed with requisite majority:

Ordinary Business:

1. Adoption of audited standalone financial statements for year ended March 31, 2026 and Reports of Board of Directors and Auditors - Passed with 99.9949% votes in favor

2. Adoption of audited consolidated financial statements for year ended March 31, 2026 and report of Auditors - Passed with 99.9949% votes in favor

3. Declaration of Final Dividend of ₹38 per share (face value ₹2 each) for FY 2025-26 - Passed with 99.9995% votes in favor

4. Re-appointment of Mr. Anil Vithal Parab (DIN: 06913351) as Director liable to retire by rotation - Passed with 99.3580% votes in favor

5. Re-appointment of Mr. R. Shankar Raman (DIN: 00019798) as Director liable to retire by rotation - Passed with 98.7369% votes in favor

Special Business:

6. Re-appointment of Mr. R. Shankar Raman as President and Whole-time Director – Finance effective October 1, 2026 - Passed with 87.3690% votes in favor

7. Re-appointment of Mr. Pramit Jhaveri (DIN: 00186137) as Independent Director for 5 years effective April 1, 2027 - Passed with 92.7969% votes in favor (Special Resolution)

8. Appointment of Mr. Vijay Sankar (DIN: 00007875) as Independent Director for 5 years effective May 27, 2026 - Passed with 93.2173% votes in favor (Special Resolution)

9. Ratification of remuneration payable to M/s R. Nanabhoy & Co., Cost Accountants (Regn. No. 000010) for FY 2026-27 - Passed with 99.9803% votes in favor

Voting Details

Record Date: May 29, 2026

Remote e-voting period: June 1, 2026 (9:00 AM) to June 4, 2026 (5:00 PM)

Total shares outstanding: 137,57,29,178

Voting Participation:

  • Public Institutions: 84,77,91,639 shares (93.32% voted)
  • Public Non-Institutions: 52,79,37,539 shares (40.88% voted)
  • Total votes polled: 100,69,64,676 shares (73.20% of outstanding shares)

Scrutinizer Appointment

Mr. S. N. Ananthasubramanian, Practising Company Secretary (Membership No. FCS 4206, COP No. 1774) was appointed as Scrutinizer to supervise remote e-voting and e-voting during AGM.

Dividend Impact

The final dividend of ₹38 per share represents a significant distribution to shareholders for FY 2025-26.

Director Changes

The resolutions confirm continuity in leadership with reappointments of key directors and addition of new independent directors to the board.

Document Submission

The company submitted the summary of proceedings, voting results, and scrutinizer's report to BSE and NSE as required under SEBI Listing Regulations.