Meeting Details

The 88th Annual General Meeting of Mukand Limited is scheduled to be held on Wednesday, August 12, 2026, at 11:30 a.m. (IST) through Video Conferencing ('VC') facility / Other Audio-Visual Means ('OAVM'). The deemed venue for the AGM is the Registered Office of the Company at Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai - 400021.

Ordinary Business Items

1. Adoption of Financial Statements: To consider and adopt the audited standalone financial statements and audited consolidated financial statements of the Company for the year ended March 31, 2026, together with the Report/s of the Board of Directors and the Auditors thereon.

2. Preference Share Dividend: To declare a dividend on 8% Cumulative Redeemable Preference Shares at the rate of 8% on paid up value of shares for the financial year ended March 31, 2026.

3. Equity Share Dividend: To declare a dividend on Equity Shares at the rate of ₹3/- (Rupees Three only) per Equity Share for the financial year ended March 31, 2026. This includes special payout of ₹1/- (Rupee One only) (i.e., @10%) in celebration of 100 years of the Bajaj Group.

4. Director Re-appointment: To appoint a Director in the place of Shri Nirav Bajaj (DIN: 08472468), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.

Special Business Items

5. Ratification of Cost Auditor's Remuneration: Ordinary Resolution to ratify remuneration of ₹1,35,000/- (₹ One Lakh Thirty Five Thousand Only) plus reimbursement of actual travelling and other out of pocket expenses and applicable taxes to be paid to M/s. Y. R. Doshi & Co., Cost Accountants (Firm Registration No. 000003) as Cost Auditors, for conducting the audit of cost records of the Company for the financial year 2026-27.

6. NCD Issuance Approval: Special Resolution for general approval to issue secured/unsecured redeemable Non-convertible Debentures (NCDs) on private placement basis, aggregating up to ₹500,00,00,000/- (Rupees Five Hundred Crore only), in one or more series/tranches. This supersedes the earlier resolution passed at the 87th Annual General Meeting.

Dividend Information

  • Record Date: August 7, 2026 (end of day) for both equity and preference share dividends
  • Dividend Payment: If declared, equity dividend will be credited on or before August 26, 2026
  • Taxation: TDS applicable at 10% for resident shareholders (subject to conditions), with higher rates for non-PAN holders. No TDS if dividend income does not exceed ₹10,000 during the financial year for resident individuals
  • Non-resident Taxation: TDS at 20% plus applicable surcharge and cess or applicable DTAA rates

E-Voting Procedures

  • Remote E-Voting Period: August 9, 2026 (9:00 A.M. IST) to August 11, 2026 (5:00 P.M. IST)
  • Cut-off Date: August 5, 2026 (End of day) for determining voting eligibility
  • Scrutinizer: Shri Anirudh Kumar Tanwar, Practicing Company Secretary (M-23145, CoP No. 19757)
  • Results Declaration: Within two working days from conclusion of AGM

Director Profile (Shri Nirav Bajaj)

  • Date of Birth: April 23, 1991 (Age: 35 years)
  • First Appointment: May 16, 2023
  • Qualifications: Mechanical Engineer from Brunel University, Harvard Business School graduate
  • Experience: Former consultant at Bain & Company and Roland Berger, joined Mukand Limited in August 2019
  • Board Attendance: 4 out of 4 meetings in FY 2025-26
  • Shareholding: 1,154 Equity Shares (0.001%) as on March 31, 2026
  • Directorships: Mukand Limited, Bajaj Electricals Limited, Bajaj Integrated Health System Private Limited, Mukand Sumi Special Steel Limited, Madhur Securities Private Limited, Hospet Steels Limited

Additional Information

  • Annual Report Availability: Available on company website www.mukand.com and stock exchange websites
  • Physical Copy Request: Available upon request to investors@mukand.com
  • Member Queries: Deadline for questions is 5:00 p.m., Monday, August 10, 2026
  • KYC Requirements: SEBI-mandated KYC compliance for physical shareholders
  • Virtual Meeting Access: Members can join 30 minutes before scheduled time on first-come, first-served basis (exceptions for large shareholders, promoters, institutional investors)