Meeting Details

The 21st Annual General Meeting will be held on Thursday, July 2, 2026, at 3:00 p.m. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue for the meeting is the Registered Office of the Company at Laurus Enclave, Plot Office 01, E. Bonangi Village, Parawada Mandal, Dist. Anakapalli, Andhra Pradesh - 531 021.

Proposed Resolutions and Implications

Ordinary Business:

1. To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. To approve and ratify the 1st interim dividend on equity shares @ ₹0.80 per equity share paid for FY 2025-26.

3. To approve and ratify the 2nd interim dividend on equity shares @ ₹1.20 per share for FY 2025-26.

4. To re-appoint Mr. Krishna Chaitanya Chava (DIN: 06831883) as Director retiring by rotation.

5. To re-appoint Mrs. Soumya Chava (DIN: 06831892) as Director retiring by rotation.

Special Business:

6. To approve the appointment of Dr. Shekhar Chintamani Mande (DIN: 10083454) as an Independent Director for a term of 5 years from July 2, 2026, to July 1, 2031 (Special Resolution).

7. To approve the appointment of Mrs. Sutapa Banerjee (DIN: 02844650) as an Independent Director for a term of 5 years from July 2, 2026, to July 1, 2031 (Special Resolution).

8. To approve payment of remuneration to Non-Executive Director(s) including Independent Director(s) aggregating to a sum not exceeding 1% of the net profits per annum, effective from April 1, 2026 (Ordinary Resolution).

9. To approve remuneration of ₹5,50,000 plus applicable taxes to M/s. Sagar & Associates as Cost Auditors for FY 2026-27 (Ordinary Resolution).

Voting Process and Methods

The Company is providing remote e-voting facility through National Securities Depository Limited (NSDL). The voting process involves:

  • Remote e-voting period: Monday, June 29, 2026, at 9:00 A.M. IST to Wednesday, July 1, 2026, at 5:00 P.M. IST
  • E-voting on the day of AGM: Available for members who attend through VC/OAVM and haven't voted remotely
  • Cut-off date for determining voting rights: Thursday, June 25, 2026
  • E-voting event number (EVEN): 139595

Detailed instructions are provided for:

  • Individual shareholders holding securities in demat mode with NSDL and CDSL
  • Shareholders other than individuals holding securities in demat mode
  • Shareholders holding physical shares
  • Institutional shareholders requiring board resolution submission

Key Voting Information

  • The facility for attending the AGM virtually will be available for 1,000 members on first-come-first-served basis (excluding large members with 2%+ shareholding, promoters, institutional investors, etc.)
  • Members can join the AGM 30 minutes before scheduled commencement
  • Members attending through VC/OAVM shall be counted for quorum under Section 103 of the Companies Act, 2013
  • Physical attendance at the meeting venue is not permitted
  • Proxy attendance is not available for this VC/OAVM meeting

Scrutinizer's Role and Process

Mr. Y Ravi Prasada Reddy (Membership No. F5783, CP No. 5360), proprietor of M/s RPR & Associates, Company Secretaries, has been appointed as Scrutinizer. His responsibilities include:

  • Scrutinizing the remote e-voting process and e-voting at the AGM
  • Preparing a consolidated scrutinizer's report of total votes cast for/against, invalid votes
  • Submitting the report to the Chairperson within 2 working days from conclusion of AGM
  • The scrutinizer will first download votes cast at the AGM and then unblock votes cast through remote e-voting

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 34)
  • Companies Act, 2013 and rules made thereunder
  • Ministry of Corporate Affairs circulars: No. 03/2025 dated September 22, 2025; No. 14/2020 dated April 8, 2020; No. 17/2020 dated April 13, 2020; No. 20/2020 dated May 5, 2020
  • Secretarial Standard on General Meetings (SS-2)
  • SEBI circulars dated July 31, 2023, and August 4, 2023, regarding Online Dispute Resolution Portal

Signatories and Roles

  • G. Venkateswar Reddy: Company Secretary & Compliance Officer (ICSI Membership No. F7016) - signed the notice and explanatory statement
  • Board of Directors: Authorized the notice and resolutions
  • Scrutinizer: Mr. Y Ravi Prasada Reddy - responsible for vote scrutiny

Additional Financial and Procedural Information

  • The Company has paid two interim dividends: 1st interim @ ₹0.80 (40%) declared on October 23, 2025, and 2nd interim @ ₹1.20 (60%) declared on April 30, 2026
  • Revised remuneration for independent directors: ₹40 lakhs per annum (from ₹20 lakhs) effective April 1, 2026
  • Revised sitting fees: ₹1,00,000 per meeting (from ₹50,000) effective April 1, 2026
  • All shares of the Company are held in dematerialized form
  • Documents referred to in the notice are available for electronic inspection from the date of circulation until the AGM date
  • The notice and integrated annual report have been sent only through electronic mode to registered email addresses
  • Unclaimed dividends for seven consecutive years will be transferred to Investor Education and Protection Fund (IEPF)