Meeting Details

The 37th Annual General Meeting was held on Friday, 28th August 2026 at 03:30 PM IST through Video Conference/Other Audio Visual Means. The venue was the Registered & Corporate Office at 13th Floor, 131 Maker Tower F, Cuffe Parade, Mumbai-400005.

Attendance

Members Present: 89 shareholders including 1 authorized representative were present.

Directors Present through VC:

  • Shri R Doraiswamy, Chairman and Non-Executive (LIC of India Nominee) Director
  • Shri Ratnakar Patnaik, Non-Executive (LIC of India Nominee) Director
  • Shri P Koteswara Rao, Non-Executive Director
  • Shri Kashi Prasad Khandelwal, Independent Director
  • Shri Sanjay Kumar Khemani, Independent Director
  • Shri Akshay Kumar Rout, Non-Executive Director
  • Smt. Jagennath Jayanthi, Independent Director
  • Shri Ravi Krishan Takkar, Independent Director
  • Shri Anil Kaul, Independent Director
  • Shri TC Suseel Kumar, Independent Director
  • Shri Masi! Jeya Mohan, Independent Director
  • Shri Tribhuwan Adhikari, Managing Director and Chief Executive Officer

In Attendance:

  • Shri Lokesh Mundra: Chief Financial Officer
  • Ms. Varsha Hardasani: Company Secretary & Compliance Officer

Proceedings Summary

The meeting was chaired by Shri R Doraiswamy. The Company Secretary confirmed requisite quorum was present and explained procedural aspects of the VC/OAVM meeting and e-voting. The Chairman informed that M/s BPP & Company, Practicing Company Secretaries, Pune (ACS 47312, COP No.:19902, Firm Registration No. S2018MH565200) was engaged as Scrutinizer. The Register of Directors & Key Managerial Personnel and their Shareholding and Register of Contracts were available for inspection.

Eight shareholders registered as speakers and shared their views, with the Chairperson responding to their queries.

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the audited (standalone & consolidated) financial statements for FY ended March 31, 2026 and Reports of Auditors thereon (Ordinary Resolution)

2. To declare final dividend of ₹10 per equity share for FY ended March 31, 2026 (Ordinary Resolution)

3. To appoint Director in place of Shri P Koteswara Rao (DIN: 06389741) who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

Special Business:

4. Authority to Board of Directors for approval and issuance of Redeemable Non-Convertible Debentures (NCDs) or any other instruments on private placement basis for amount not exceeding ₹55,000 crore (Special Resolution)

Voting Process

The Chairman reiterated that members who hadn't voted through remote e-voting could cast votes during the meeting through InstaMeet Platform. Ms. Varsha Hardasani was authorized to declare voting results on behalf of the Board.

Compliance and Reporting

The consolidated voting results along with Scrutinizer's Report will be submitted separately in terms of Regulation 44(3) of SEBI Listing Regulations, 2015. Results will be announced within 2 working days from conclusion of AGM and intimated to stock exchanges, and posted on company website and RTA (MUFG In.time India Pvt. Ltd.) website.

The meeting concluded at 04:30 PM IST, with voting lines remaining open for additional fifteen minutes after conclusion.