Meeting Details

  • Date: Saturday, 12th September 2026
  • Time: Commenced at 11:04 A.M. (IST), concluded at 11:35 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility
  • Deemed Venue: Corporate Office of the Company at B-24, MIDC Industrial Area, Hingna Road, Nagpur – 440016
  • Type of Meeting: Annual General Meeting
  • Serial Number: Fifty Third AGM

Proposed Resolutions and Implications

The following nine resolutions were placed before shareholders for approval:

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone & Consolidated) for FY 2025-26 ended 31st March 2026, including Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, together with Reports of Statutory Auditors and Board's Report

2. Declaration of final dividend of ₹2 per equity share for year ended 31st March 2026

3. Reappointment of Mr. Mayank Bhandari (DIN: 01176865), Non-Executive Director retiring by rotation

Special Business:

4. Ratification of Remuneration of Cost Auditors of the Company

5. Continuation of appointment of Mr. Arun Bhandari as Managing Director above age of 70 years for term up to 31st January 2028

6. Continuation of appointment of Mr. Lalit Bhandari as Whole Time Director (Executive Director) for term up to 31st March 2027 and approval of his appointment for 5-year term up to 31st March 2032

7. Ratification and approval of appointment of M/s Vaibhav Jachak & Associates, Practicing Company Secretaries, as Secretarial Auditors for five consecutive financial years from FY 2025-26 to FY 2029-30

8. Appointment of Mr. Raj Sethia (DIN: 03203265) as Non-Executive, Independent Director for 5-year term

9. Appointment of Dr. Sanjay Arora (DIN: 08518801) as Non-Executive, Independent Director for 5-year term

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility provided to members prior to the meeting
  • E-voting during the AGM for members who had not voted through remote e-voting
  • E-voting remained open until 15 minutes after conclusion of the AGM
  • M/s Vaibhav Jachak & Co., Company Secretaries, Nagpur acted as Scrutinizer for processing remote e-voting and e-voting at AGM

Attendance and Participation

Directors Present through VC:

  • Mr. Arun Raghuvirraj Bhandari (Chairman & Managing Director)
  • Mr. Lalit Bhandari (Whole-time Director)
  • Mr. Sanjay Sacheti (Independent Director)
  • Mr. Raj Sethia (Independent Director)
  • Mr. Mayank Arun Bhandari (Director - Non-Executive)
  • Ms. Ulka Kulkarni (Independent Director)
  • Mr. Sachin Nirgudkar (Independent Director)
  • Mr. T. N. Murthy (Whole-Time Director)
  • Ms. Rohini Bhandari (Director - Non-Executive)

Other Attendees through VC:

  • Mr. Sharad Mohan Lal Khandelwal (Chief Financial Officer)
  • Ms. Madhura Singh (Company Secretary)
  • CA Arpit Agrawal (Partner, M/s Manish Jain & Co., Chartered Accountants - Statutory Auditor)
  • CS Vaibhav Jachak (Secretarial Auditor & Scrutinizer, M/s Vaibhav Jachak & Co.)
  • Members Present: 40 (Forty) members through VC/OAVM

Quorum: Minimum 30 members present through OAVM at commencement, requisite quorum maintained throughout meeting

Scrutinizer's Report and Compliance

The Scrutinizer's Report together with results of e-voting will be submitted to National Stock Exchange of India Limited (NSE) immediately on receipt, within prescribed time period, and posted on company website. The meeting was conducted in compliance with Companies Act 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and MCA Circulars.