Nature of Event

The document is a notice for the 24th Annual General Meeting (AGM) of Markolines Pavement Technologies Limited to be held on Tuesday, 29th September, 2026 at 11:30 a.m. at the Registered Office of the Company via Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Key Resolutions

Ordinary Businesses:

1. To consider and adopt the Audited Consolidated and Standalone Financial Statements for the financial year ended 31st March, 2026, along with reports of Board of Directors and Auditors

2. To consider re-appointment of Mr. Praveen Sevantilal Panchal (DIN: 10895449) as Executive Director who retires by rotation

Special Businesses:

3. Special Resolution to confirm re-appointment of Mr. Sanjay Bhanudas Patil (DIN: 00229052) as Managing Director for 5 years from 27th August 2026 to 26th August 2031

4. Special Resolution to confirm re-appointment of Mrs. Anjali Vikas Sapkal (DIN: 02136528) as Non-Executive Independent Director for second term from 17th August 2026 to 16th August 2031

5. Special Resolution to confirm appointment of Mr. Rahul Ramkrishna Modak (DIN: 11178610) as Non-Executive Independent Director for first term from 14th August 2026 to 13th August 2031

Director Details and Remuneration

Mr. Praveen Sevantilal Panchal (Item 2)

  • DIN: 10895449
  • Date of Birth: 2nd November 1964
  • Qualification: Bachelor of Commerce from Pune University
  • Experience: Over 30 years in Financial Services sector across Process Management and Team Management
  • Last drawn remuneration: ₹60 Lakhs for FY 2025-26
  • Remuneration proposed: ₹60 Lakhs
  • Date of first appointment: 7th January 2025
  • Shareholding: Nil
  • Board meetings attended during FY 2025-26: 25

Mr. Sanjay Bhanudas Patil (Item 3)

  • DIN: 00229052
  • Date of Birth: 4th November 1967 (Age: 58 years)
  • Qualification: Diploma in Mechanical Engineering
  • Experience: More than 30 years in infrastructure & highway O&M sector
  • Current shareholding: 57,35,360 shares (26.02% shareholding)
  • Remuneration last drawn: ₹126 lakhs (FY 2025-26)
  • Proposed remuneration: ₹126 Lakhs per year salary with increments as decided by Board, plus perquisites & allowances, and commission percentage of net profits
  • Date of first appointment: 8th November 2002
  • Relationship: Husband of Mrs. Kirtinandini Sanjay Patil (Non-Executive Director)
  • Board meetings attended: 25 during FY 2025-26
  • Other directorships: Markolines Infra Limited and Markolines Technologies Private Limited

Mrs. Anjali Vikas Sapkal (Item 4)

  • DIN: 02136528
  • Qualifications: B.Sc., Diploma in Business Management, MMS (Marketing), MBS (HRM), Postgraduate Program in Financial Management from Pune University
  • Experience: Over 26 years across government/semi-government organisations, logistics, construction, shipping, cargo, manufacturing, service industries, events management, aviation and educational institutions
  • Date of first appointment: 17th August 2021
  • Shareholding: Nil
  • Board meetings attended: 25 during FY 2025-26
  • Other listed directorships: Vision Infra Equipment Solutions Limited and G M Polyplast Limited
  • Past resignations: Billwin Industries Limited, Universal Arts Limited, Revati Media Limited, TPI India Limited
  • Remuneration: Sitting fees and commission as approved

Mr. Rahul Ramkrishna Modak (Item 5)

  • DIN: 11178610
  • Date of Birth: 3rd August 1965
  • Qualification: Postgraduate degree in Commerce with specialisation in Management
  • Experience: Over 30 years in senior management roles across Tata International, Bajaj Auto Finance, L&T Finance and Family Credit (Société Générale Group)
  • Date of first appointment: 14th August 2026
  • Shareholding: Nil
  • Remuneration: Sitting fees and commission as approved

Voting Procedures

  • E-voting period: Friday, 25th September 2026 at 9:00 a.m. to Monday, 28th September 2026 at 5:00 p.m.
  • Cut-off date (record date): 22nd September 2026
  • E-voting service provider: Bigshare Services Pvt. Ltd.
  • Members can join AGM via VC/OAVM 15 minutes before scheduled time
  • Facility available for 1000 members on first come first served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Detailed login instructions provided for CDSL and NSDL demat account holders

Financial Impact

Remuneration commitments for Mr. Sanjay Bhanudas Patil include fixed annual salary of ₹126 lakhs plus variable commission based on profits. In absence or inadequacy of profits, minimum remuneration will be paid as per Schedule V limits.

Capital Structure Impact

No change to share capital structure disclosed. Director appointments do not involve equity issuance.