Meeting Details

The Board Meeting commenced at 02:30 p.m. (IST) and concluded at 3:40 p.m. (IST) on Friday, July 31, 2026.

Key Decisions and Approvals

1. Annual Report and AGM Arrangements

  • Approved the Board's Report along with its annexures for the Financial Year 2025-26, forming part of the 38th Annual Report of the Company.
  • Approved the Notice convening the 38th Annual General Meeting (AGM) to be held on Wednesday, September 16, 2026 at 11.00 a.m. (IST) at the Registered Office of the Company.
  • The Register of Members and Share Transfer Books will remain closed from Friday, September 11, 2026 to Wednesday, September 16, 2026 (both days inclusive) for the AGM.
  • Thursday, September 10, 2026 has been fixed as the Record Date/Cut-off Date for determining eligibility of Members to attend and vote at the AGM.
  • Remote e-voting period: Commences at 9.00 a.m. (IST) on Friday, September 13, 2026 and ends at 5.00 p.m. (IST) on Tuesday, September 15, 2026.

2. Director Resignation

  • Mr. Ravinder Reddy Surakanti (DIN: 07838836) resigned as an Independent Director effective from the close of business hours on July 31, 2026.
  • Reason for resignation: Pre-occupation with personal and professional commitments.
  • He confirmed there are no material reasons for his resignation other than those stated in his resignation letter.
  • The Board placed on record its appreciation for his invaluable advice and guidance during his tenure.

3. Scrutinizer Appointment

  • Appointed Mr. Y. Ravi Prasada Reddy, Practicing Company Secretary, Proprietor of M/s. RPR & Associates, as Scrutinizer for conducting the remote e-voting process and voting at the 38th AGM.

4. Committee Reconstituition

The Board re-constituted the following committees with immediate effect:

Audit Committee

  • Mr. Srinivas Rao Kolli (Independent Director) - Chairman
  • Mr. Penumaka Venkata Ramesh (Independent Director) - Member
  • Mr. Kaushik Yalamanchili (Managing Director) - Member
  • Mrs. Upadhyayula Karuna Gayathri (Independent Director) - Member

Nomination and Remuneration Committee

  • Mrs. Upadhyayula Karuna Gayathri (Independent Director) - Chairperson
  • Mr. Srinivas Rao Kolli (Independent Director) - Member
  • Mr. Deepayan Mohanty (Non-executive Non-Independent Director) - Member
  • Mr. Penumaka Venkata Ramesh (Independent Director) - Member

Stakeholders Relationship Committee

  • Mr. Srinivas Rao Kolli (Independent Director) - Chairman
  • Mr. Penumaka Venkata Ramesh (Independent Director) - Member
  • Mr. Kaushik Yalamanchili (Managing Director) - Member

Management Committee

  • Mr. Kaushik Yalamanchili (Managing Director) - Chairman
  • Mr. Penumaka Venkata Ramesh (Independent Director) - Member
  • Mr. Sivanand Swamy Mitikiri (Whole-time Director) - Member

Corporate Social Responsibility Committee

  • Mr. Kaushik Yalamanchili (Managing Director) - Chairman
  • Mr. Penumaka Venkata Ramesh (Independent Director) - Member
  • Mr. Sivanand Swamy Mitikiri (Whole-time Director) - Member

5. Wholly Owned Subsidiary Incorporation

  • Approved incorporation of a wholly owned subsidiary with an initial investment of up to ₹10,00,000 (Rupees Ten Lakhs only).
  • Authorized the Managing Director to finalize a suitable name, make necessary application to the Registrar of Companies (ROC), and complete the incorporation process.
  • The proposed subsidiary will be engaged in defence-related activities including manufacturing, supply of defence equipment, technology and/or services.
  • Investment details: Cash consideration by subscription to equity share capital at face value for aggregate investment of up to ₹10,00,000.
  • The Company will hold 100% paid-up equity share capital of the proposed subsidiary.
  • Expected completion: Within 60 days from July 31, 2026, subject to receipt of Certificate of Incorporation from ROC.
  • Required approval: Only ROC approval under Companies Act, 2013 is presently required.
  • The subsidiary will become a "related party" upon incorporation under applicable regulations.

Financial Impact

  • Initial investment in subsidiary: ₹10,00,000 (cash consideration)
  • No other quantified financial impacts disclosed