Meeting Details
The 36th Annual General Meeting of Mazda Limited was held on Monday, 21st September 2026, commencing at 12:00 P.M. and concluding at 12:48 P.M.
The meeting was conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) facility. The deemed venue was the Corporate Office of the company situated in Ahmedabad.
The meeting was held in compliance with the provisions of the Companies Act, 2013, rules made thereunder, General Circulars issued by the Ministry of Corporate Affairs (MCA), and Circulars issued by the Securities and Exchange Board of India (SEBI).
Attendance
Directors and Key Managerial Personnel (KMP) Present:
- Mr. Mohib Khericha (Chairman)
- Mr. Percy Avari (Whole-Time Director)
- Mrs. Shanaya Mody Khatua (Whole-Time Director)
- Mr. Ashok Kavdia (Director)
- Mrs. Sheila Mod (Director)
- Mr. Mihir Mehta (Director)
- Mrs. Shetal Bhatt (Director)
- Mr. Cyrus Bhagwagar (Chief Financial Officer)
- Mr. Nishith Kayasth (Company Secretary)
Other Invitees in Attendance:
- Mr. Mayank Shah (Statutory Auditor)
- Mr. Rutul Shukla (Secretarial Auditor, Scrutinizer)
A total of 64 shareholders attended the AGM through VC.
Proceedings
Mr. Nishith Kayasth, Company Secretary and Compliance Officer, welcomed all attendees and confirmed that the requisite quorum for the meeting was present.
The Chairman, Mr. Mohib Khericha, greeted the members and addressed them with a summary of the operating environment and a brief on the Company's Business & Financial Performance during the year under review (ended 31 March 2026).
The Notice convening the 36th AGM along with the Audited Financial Statements for the year ended 31 March 2026, including the Balance Sheet as at 31 March 2026 and the Statement of Profit and Loss Account for the year ended on that date, together with the Reports of Directors and Auditors thereon, were taken as read.
Resolutions and Voting
The following items from the AGM notice were placed for e-voting:
Ordinary Business:
1. Adoption of Audited Financial Statements for the year ended 31 March 2026, including the Balance Sheet, Statement of Profit and Loss, and Reports of Directors and Auditors.
2. Declaration of a Final Dividend of ₹4.00 per equity share of face value ₹2 each for the financial year ended 31 March 2026.
3. Re-appointment of Mr. Samuel Croll (DIN: 01407244), who retires by rotation.
4. Re-appointment of Mr. Mohib Khericha (DIN: 00010365), who retires by rotation.
Special Business:
5. Ratification of remuneration payable to the Cost Auditor for the financial year 2026-27.
6. Approval for the continuation of the directorship of Mr. Mohib Khericha (DIN: 00010365) as a Non-Executive Director after attaining the age of 75 years during his tenure.
The company provided a facility for remote e-voting on these resolutions. The e-voting period commenced on Friday, 18th September 2026 at 9:00 A.M. and ended on Sunday, 20th September 2026 at 5:00 P.M.
Mr. Rutul Shukla, Practicing Company Secretary, was appointed as the Scrutinizer to scrutinize the votes cast through remote e-voting and e-voting during the meeting.
The e-voting facility at the AGM remained active for 15 minutes after the conclusion of the meeting. The voting results were to be declared as per Regulation 44(3) of the SEBI LODR Regulations within two working days from the conclusion of the AGM and submitted to the stock exchanges (BSE and NSE). The results were also to be placed on the company's website (www.mazdalimited.com).
Shareholder Interaction
Mr. Percy Avari and Mrs. Shanaya Mody Khatua addressed the shareholders and replied to questions received from pre-registered speaker shareholders. All queries from the speaker shareholders were answered.
The meeting concluded with a vote of thanks from the Chairman.
#Tags: #MazdaLimited #AGM #Dividend #SEBIDisclosure #RegulatoryCompliance