Meeting Details

  • Meeting Type: 44th Annual General Meeting (AGM)
  • Date: Friday, 29th May, 2026
  • Time: Commenced at 11:30 AM IST, concluded at 1:12 PM IST
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means, deemed to be held at Registered Office at Plot No. H-109, MIDC Ambad, Nashik-422010
  • Cut-off Date: Friday, 22nd May, 2026
  • Total Shareholders: 26,600 as of cut-off date

Meeting Attendance and Participation

  • 41 Members including Authorized Representatives attended through VC/OAVM
  • Directors Present: Five Directors attended, including Chairman of Nomination and Remuneration Committee and Chairman of Stakeholders Relationship Committee
  • Absent with Leave: Mr. Viswanathan Kapilanandan (Chairman of Audit Committee) and Ms. Ami Goda (Board Member)
  • Representation: Mr. Balram Singh Yadav attended on behalf of Audit Committee Chairman
  • Key Personnel Present: Mr. Abhijit Page (CEO), Mr. Giriraj Mohta (CFO), Mr. Madhvendra Pratap Singh (Company Secretary & Compliance Officer)
  • External Participants: Statutory Auditors, Secretarial Auditors, and Scrutinizers attended
  • Proxy Facility: Not available for VC meeting

Voting Process

  • Voting Provider: KFin Technologies Limited (KFintech)
  • Remote E-voting Period: Tuesday, 26th May, 2026 at 9:00 AM IST to Thursday, 28th May, 2026 at 5:00 PM IST
  • In-meeting E-voting: Available during AGM for members who hadn't voted remotely
  • Final Voting Window: Kept open from 12:57 PM to 1:12 PM during meeting
  • Scrutinizer Report: Consolidated report to be submitted after verification of votes cast

Resolutions Presented for Approval

Ordinary Business

1. Adoption of Standalone Audited Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors Reports - Ordinary Resolution

2. Adoption of Consolidated Audited Financial Statements for FY ended March 31, 2026 with Auditors Report - Ordinary Resolution

3. Retirement of Mr. Shriprakash Shukla (DIN:00007418) by rotation, not seeking reappointment due to superannuation - Ordinary Resolution

4. Re-Appointment of B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 101248W/W100022) as Statutory Auditors for 5 consecutive years - Ordinary Resolution

5. Ratification of remuneration to Cost Auditors for FY 2026-27 - Ordinary Resolution

6. Ratification of Material Related Party Transactions with Mahindra & Mahindra Limited for FY 2025-26 - Ordinary Resolution

7. Approval of Material Related Party Transactions with Mahindra & Mahindra Limited for FY 2026-27 - Ordinary Resolution

Special Business

8. Re-Appointment of Mr. Ramesh Ramachandran (DIN: 09562621) as Managing Director for 3 years from 1st September, 2026 to 31st August, 2029 with remuneration approval - Special Resolution

9. Appointment of Mr. Balram Singh Yadav (DIN: 00294803) as Non-Executive & Independent Director for 5 years from April 21, 2026 to April 20, 2031 - Special Resolution

10. Appointment of Dr. Purvi Mehta Bhatt (DIN: 01596457) as Non-Executive & Independent Director for 5 years from April 21, 2026 to April 20, 2031 - Special Resolution

11. Payment of Commission to Independent Directors & Non-Executive Director for three financial years (FY 2025-26 to FY 2027-28) - Special Resolution

Compliance and Regulatory Aspects

  • Conducted in accordance with Companies Act, 2013 and Rules thereunder
  • Compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Followed MCA and SEBI circulars for virtual meeting conduct
  • Statutory registers and relevant documents, including ESOP scheme implementation certificate from Secretarial Auditors, available electronically for inspection
  • Secretarial Audit Report observations were read with management response
  • Statutory Auditors Report contained no qualifications, observations, reservations, or adverse remarks

Additional Information

  • Chairman Mr. Shriprakash Shukla chaired the proceedings and responded to shareholder queries
  • Members addressed questions mainly on company's accounts, business, and operations
  • Results to be informed to Stock Exchanges and placed on company website (www.mahindrairrigation.com) and KFintech website (www.kfintech.com)