Meeting Details

The 16th Annual General Meeting was held on Thursday, September 3, 2026, commencing at 11:30 AM and concluding at 1:01 PM (including time for e-voting). The meeting was conducted through Video Conferencing and Other Audio Visual Means from the Registered Office at 8/1, Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata-700 001.

Attendance

Board Members Present through VC/OAVM:

  • Mr. Siddhartha Shankar Roy (Chairman)
  • Mr. Sushil Kumar Agrawal (Managing Director)
  • Mr. Karan Agrawal (Whole-time Director)
  • Mr. Pritam Pal (Director)
  • Mr. Venkata Srinarayana Addanki (Whole-time Director)
  • Ms. Gargi Singh (Independent Director)
  • Mr. Probir Kumar Chaudhury (Independent Director)
  • Ms. Shruti Agarwal (Company Secretary)
  • Mr. Mahendra Kumar Bang (Chief Financial Officer)

Other Attendees:

  • Mr. Chandan Das, Partner of M/s S. Bhalotia & Associates (Statutory Auditors)
  • Mr. Anil Kumar Dubey, Partner of M/s M & A Associates (Practising Company Secretaries, Secretarial Auditor and Scrutinizer)
  • 62 Members joined the AGM through VC/OAVM

Business Transacted

Ordinary Business

1. Adoption of Financial Statements: Considered and adopted:

  • Annual Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Annual Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Dividend Declaration: Declared a Final Dividend of ₹0.05 (5% per equity share of ₹1 each) for the Financial Year ended March 31, 2026.

3. Director Re-appointment: Appointed Mr. Karan Agrawal (DIN: 05348309) who retired by rotation and offered himself for re-appointment.

Special Business

4. Cost Auditor Remuneration: Ratification of remuneration of M/s S. Chhaparia & Associates, Cost Accountants (Firm Registration No. 101591) of ₹1,20,000 for conducting audit of cost records for FY ending March 31, 2027.

5. Director Re-appointment: Re-appointment of Mr. Venkata Srinarayana Addanki (DIN: 10141427) as Whole-time Director for 3 years effective May 30, 2026.

6. Managing Director Re-appointment: Re-appointment of Mr. Sushil Kumar Agrawal (DIN: 00091793) as Managing Director for 3 years effective November 23, 2026.

7. Director Re-appointment: Re-appointment of Mr. Karan Agrawal (DIN: 05348309) as Whole-time Director for 3 years effective November 17, 2026.

8. Remuneration Revision: Revision in remuneration of Mr. Sushil Kumar Agrawal, Managing Director, from ₹10.50 lakh per month to ₹12.50 lakh per month effective April 1, 2026.

9. Remuneration Revision: Revision in remuneration of Mr. Karan Agrawal, Whole-time Director, from ₹10 lakh per month to ₹12 lakh per month effective April 1, 2026.

10. Remuneration Revision: Revision in remuneration of Mr. Tushar Agrawal, Senior Vice-President, from ₹6 lakh per month to ₹10 lakh per month effective April 1, 2026.

11. New Appointment: Approval of appointment of Mr. Devansh Agrawal as Vice-President Business Development at remuneration of ₹8,00,000 per month effective July 1, 2026.

Voting Results

All resolutions were passed with requisite majority. The detailed voting results show:

Resolution 1 (Adoption of Financial Statements):

  • Total votes polled: 63,159,825 shares (59.2304% of outstanding shares)
  • Votes in favor: 63,159,609 shares (99.9997%)
  • Votes against: 216 shares (0.0003%)

Resolution 2 (Dividend Declaration):

  • Total votes polled: 63,159,825 shares (59.2304% of outstanding shares)
  • Votes in favor: 63,159,609 shares (99.9997%)
  • Votes against: 216 shares (0.0003%)

Resolution 3 (Director Re-appointment):

  • Total votes polled: 63,159,825 shares (59.2304% of outstanding shares)
  • Votes in favor: 63,159,609 shares (99.9997%)
  • Votes against: 216 shares (0.0003%)

Similar voting patterns were observed for all special business resolutions with overwhelming majority in favor (typically 99.97-100% in favor across different shareholder categories).

Shareholder Participation

Four shareholders addressed queries during the meeting:

  • Mr. Sunil Kumar Modak
  • Mr. Jaydip Bakshi
  • Mr. Subhash Kar
  • Mr. Bimal Krishna Sarkar

Mr. Karan Agrawal, Whole-time Director, responded to the queries and provided necessary clarifications.

Document Certification

The minutes are certified as a true copy by Shruti Agarwal, Company Secretary & Compliance Officer (Membership No.: F12124) and signed by Siddhartha Shankar Roy, Chairman.