Meeting Details
- Date: Monday, 24th August 2026
- Time: 11:00 AM to 11:30 AM IST (including time allowed for e-voting during AGM)
- Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Type: 82nd Annual General Meeting
Proposed Resolutions and Implications
The following businesses from the AGM Notice dated 24th July, 2026 were considered:
Ordinary Business
1. Ordinary Resolution: To receive, consider, and adopt the Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereon.
2. Ordinary Resolution: To appoint a director in place of Mr. Yazdin Mistry (DIN-07897995) who retires by rotation and being eligible, offers himself for re-appointment.
Special Business
3. Ordinary Resolution: Appointment of Mr. Cyrus D Khambata (DIN: 00553813) as a Director of the company.
4. Special Resolution: Appointment of Mr. Cyrus D Khambata (DIN: 00553813) as Managing Director of the Company.
5. Ordinary Resolution: Appointment of Mr. Jamsheed Minoo Panday (DIN:00232768) as Director of the Company.
6. Special Resolution: Appointment of Mr. Jamsheed Minoo Panday (DIN:00232768) as Whole Time Director of the Company.
7. Special Resolution: Redesignation of Mr. K.B Shetty (DIN:01451944) as Independent Director of the Company for term of 5 years.
Voting Process and Methods
- Remote e-voting period: Thursday, 20th August 2026 at 09:00 AM to Sunday, 23rd August 2026 at 5:00 PM
- E-voting during AGM: Available for 30 minutes after the meeting
- Service provider: Central Depository Services Limited (CDSL) engaged as authorized agency for remote e-voting and e-voting facilities
- Voting methods: Remote e-voting and e-voting during AGM proceedings
Key Voting Outcomes
The combined results of the e-voting (remote e-voting and e-voting at AGM) along with the consolidated scrutinizers report will be submitted to the Stock Exchanges within the stipulated timelines. Specific voting percentages and shareholder category breakdowns are not provided in this document.
Scrutinizer's Role and Findings
- M/s. P. M. Agarwal & Co., Practicing Company Secretaries, served as Scrutinizers for the remote e-voting and the e-voting conducted during the AGM
- Scrutinizers were present at the meeting via video conference
- The scrutinizer was authorized to carry out the e-voting process and conclude the meeting
- The scrutinizer will submit consolidated voting results after considering both remote e-voting and e-voting during AGM
Compliance with Laws and Regulations
The AGM was conducted in compliance with:
- Relevant circulars issued by the Ministry of Corporate Affairs (MCA)
- Relevant circulars issued by Securities and Exchange Board of India (SEBI)
- Applicable provisions of the Companies Act, 2013 and Rules issued thereunder
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 103 of the Companies Act, 2013 for quorum requirements
Additional Financial and Procedural Information
- The Statutory Auditor's Report (M/s. H. G. Sarvaiya & Co.) was qualified, with qualification points and management response read and explained to members
- The Secretarial Auditor's Report (M/s. P. M. Agarwal & Co.) was unqualified without any adverse observations or comments
- The Managing Director explained to members about new business activity the company is venturing into for increasing revenue
- Quorum was confirmed by Mrs. K.B. Shetty, Chairperson of the Company
- All directors including Chairman of Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee were present