Meeting Details

The 112th Annual General Meeting was held on Friday, 7th August, 2026, at 3:30 PM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The venue was deemed to be the Registered Office at 301-302, Heritage Horizon, 3rd Floor, Off C.G. Road, Navrangpura, Ahmedabad - 380 009.

Attendance

95 Members attended the meeting through VC/OAVM. Quorum requirements were met. All Directors were present except Dr. Archana N. Hingorani. Representatives from statutory auditors M/s. Price Waterhouse Chartered Accountants LLP and secretarial auditor Mr. Umesh Ved were also present.

Leadership Roles

Mr. Hrishikesh A. Mafatlal, Chairman of the Company, chaired proceedings for agenda Item Nos. 1, 2, 4 and 7. Mr. Atul K. Srivastava, Independent Director, chaired proceedings for agenda Item Nos. 3, 5 and 6.

Voting Process

The Company provided remote e-voting facility through KFin Technologies Limited for all resolutions. Remote e-voting was open from 9:00 AM IST on August 4, 2026, until 5:00 PM IST on August 6, 2026. Members who hadn't voted remotely could vote electronically during the AGM through the 'Insta Poll' facility.

Proceedings Summary

The Notice convening the Meeting, Report of the Board of Directors, and Audited Standalone and Consolidated Financial Statements for FY ended 31st March 2026 were taken as read. Auditors' reports contained no qualifications, reservations, adverse remarks or disclaimers. The Chairman addressed members with an overview of the global and Indian economic environment, the Company's financial performance for FY26, performance of business segments, and financial performance for Q1 FY27.

Members registered as speakers addressed the meeting and sought clarifications on financial statements, business operations, future growth strategy, business outlook and other matters. The Chairman responded to queries and provided necessary clarifications.

Resolutions Considered

Seven resolutions were proposed for consideration and approval:

Ordinary Business:

1. Adoption of audited Standalone and Consolidated financial statements for FY ended 31st March, 2026, with reports of Board of Directors and Auditors (Ordinary Resolution)

2. Confirmation of Interim Dividend declared by Board and declaration of Final Dividend on equity shares for FY ended 31st March 2026 (Ordinary Resolution)

3. Appointment of Director in place of Mr. Priyavrata H. Mafatlal (DIN: 02433237) who retires by rotation (Ordinary Resolution)

Special Business:

4. Ratification of payment of remuneration to Cost Auditors for FY 2026-27 (Ordinary Resolution)

5. Re-appointment and Re-designation of Mr. Priyavrata H. Mafatlal (DIN: 02433237) as Managing Director and Chief Executive Officer (Special Resolution)

6. Re-appointment of Mr. Hrishikesh A. Mafatlal (DIN: 00009872) as Executive Chairman (Special Resolution)

7. Payment of remuneration by way of Commission to Non-Executive Independent Directors for FY 2025-26 (Special Resolution)

Scrutinizer Appointment

Mr. Umesh Ved of M/s. Umesh Ved & Associates, Practicing Company Secretaries, Ahmedabad, was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting during AGM.

Voting Results Timeline

The voting results, together with the consolidated Scrutinizer's Report, will be declared within 48 hours of conclusion of the 112th AGM (by August 9, 2026) and submitted to Stock Exchanges. Results will be made available on websites of the Company, KFin Technologies Limited and BSE Ltd.

Meeting Conclusion

The meeting concluded at 4:35 PM IST after the electronic voting facility ('Insta Poll') remained open for 15 minutes following conclusion of proceedings.

Additional Information

The proceedings of the 112th AGM will be made available on the Company's website https://www.mafatlals.com under the "Investors" section.