Event Overview

The 43rd Annual General Meeting (AGM) of Murudeshwar Ceramics Limited was convened and held on Friday, September 18, 2026, from 3:00 PM to 4:15 PM at Hotel Naveen, Unkal Lake, Hubli-Dharwad Highway, Bairidevarkoppa, Hubballi - 580025, Karnataka.

Attendance

Directors Present:

  • Shri Satish Rama Shetty - Chairman & Managing Director
  • Smt. Shakunthala Shetty - Independent Director (Member of Audit Committee & NRC)
  • Shri Ravindra Bhandary - Independent Director (Chairman of Audit Committee & NRC)
  • Shri Vittal KM Shetty - Independent Director (Member of SGC & NRC)
  • Shri Vishwanath Shetty - Independent Director (Chairman of SGC & member of CSR)

Key Management Present:

  • Shri Narayan Manjunath Hegde - V.P. (Finance) & CFO
  • Shri Ashok Kumar - Company Secretary & Compliance Officer

Invitees:

  • Shri Krishnaraj K, representative of K. G. Rao & Co., Chartered Accountants (Firm Registration No. 0104635), Statutory Auditors
  • Mr. Sunil J. Shah (Membership No. 8717, COP No. 3289), Practicing Company Secretary - Scrutiniser for e-voting and poll

Total 54 members were present at the meeting.

Meeting Proceedings

The Chairman, Shri Satish Rama Shetty, confirmed requisite quorum was present and declared the meeting duly constituted. The Register of Directors and Key Managerial Personnel and their shareholding, and Register of Contracts or Arrangements in which Directors were interested, were available for inspection.

The Company Secretary briefed members on the Statutory Auditor's Report and Secretarial Auditor's Report, confirming both reports contained no qualifications, observations, comments, disclaimers, or adverse remarks affecting company functioning.

The Chairman addressed members on significant company developments and performance during financial year 2025-26, and apprised them of financial results for Q1 FY 2026-27. All member queries regarding audited financial statements and operations for FY ended March 31, 2026 were addressed satisfactorily.

Resolutions Passed

The following resolutions were considered and passed:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Reappointment of Shri Sunil Rama Shetty (DIN: 00037572) as director who retired by rotation

3. Ordinary Resolution: Approval of existing and new Material Related Party Transaction(s) with RNS Infrastructure Limited (RNSIL) under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Voting Process

The Chairman ordered a poll on all resolutions. Members who had not voted through e-voting were given ballot papers to exercise voting rights. Mr. Sunil J. Shah was appointed as Scrutiniser to consolidate results of remote e-voting and physical ballots and submit his report.

Voting results were to be declared within statutory timelines, placed on company website (www.naveentile.com), NSE and BSE websites, and communicated to stock exchanges. Results would also be displayed at Registered Office and Corporate Office.

The meeting was conducted in accordance with Companies Act, 2013 and applicable rules and regulatory requirements.