Meeting Details
The 6th Annual General Meeting was held on Tuesday, July 28, 2026 at 1215 Hours through video conferencing and other audio-visual means. The meeting concluded at 1310 Hours (IST), lasting approximately 55 minutes.
Attendance and Administration
Ms. Pooja Mehra, Company Secretary, welcomed shareholders and confirmed requisite quorum was present. The meeting adhered to Ministry of Corporate Affairs circulars, with no physical attendance of members. Mr. D.P. Gupta, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize remote e-voting process and voting at the meeting.
Mr. Vivek Chaand Sehgal, Chairman of the Company, was unable to attend. Directors present unanimously elected Mr. Laksh Vaaman Sehgal to chair the 6th Annual General Meeting.
Directors, members of the management team, Statutory Auditors, and Secretarial Auditors participated through video conferencing.
Communication to Shareholders
The Notice of AGM along with the Annual Report was sent to all shareholders by email whose email ID was registered with the Company and/or depository participant as on July 6, 2026. Relevant documents mentioned in the Notice were available for inspection on the company website.
Business Proceedings
The Chairman delivered opening remarks on the Company's performance and future positioning. Members who had done prior registrations were invited to express views and ask questions, with clarifications provided by Mr. Gulshan, CFO.
Resolutions Considered
Nine ordinary resolutions were presented for consideration:
1. Resolution No 1: Adoption of Financial Statements for the financial year ended March 31, 2026
2. Resolution No 2: Declaration of dividend of ₹0.58 per equity share for the financial year ended March 31, 2026
3. Resolution No 3: Re-appointment of Mr. Anurag Gahlot as Director who retires by rotation
4. Resolution No 4: Reappointment of M/s SR Batliboi & Co. LLP, Chartered Accountants as Statutory Auditors
5. Resolution No 5: Ratification of remuneration payable to Cost Auditors for Financial Year 2026-27
6. Resolution No 6: Approval for payment of Commission to non-executive Directors
7. Resolution No 7: Approval for entering into Related Party Transactions with Sumitomo Wiring Systems Limited
8. Resolution No 8: Approval for entering into Related Party Transactions with Samvardhana Motherson International Limited
9. Resolution No 9: Approval for appointment of Mr. Ryuji Sakai (DIN:11657219) as Director
Voting Process
Members who had not voted through remote e-voting were requested to cast votes at the NSDL website, with the facility available for 15 minutes after conclusion of the meeting.
Results Disclosure
The consolidated voting results along with the scrutinizer's report were to be disseminated through stock exchanges and placed on the website of the Company, NSDL, BSE, and NSE within 48 hours from conclusion of the meeting.
Auditor Reports
The Chairman informed members that the Statutory Auditors' Report and Secretarial Auditor's Report did not contain any qualifications, other reservations, adverse remarks, or disclaimers.