Meeting Details

The 45th Annual General Meeting was held on Monday, 31st August 2026 from 11:00 a.m. to 12:50 p.m. through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Attendees

Directors Present:

  • Shri Vivek Kumar Bajpai (Part-time Official Director - Through VC)
  • Shri Pankaj Kumar Sharma (Director - Production)
  • Shri Jagdish Arora (Director - P&T)
  • Dr. Tapas Kumar Pattanayak (Director - HR)
  • Shri Abhay Kumar Behuria (Director - Finance)
  • Shri Anil Kumar Singh (Director - Commercial)
  • Shri Neeraj (Independent Director)

Other Attendees:

  • Shri Ravi Kumar (Representative of the President of India)
  • 65 Members through VC
  • CA Sanjay Sarkar (Statutory Auditors - Through VC)
  • M/s. B M Chatrath & Co. LLP (Statutory Auditors)
  • M/s. Saroj Ray & Associates
  • CS Uttam Baral (Scrutinizer)
  • Shri Bharat Kumar Sahu (CGM & Company Secretary)

Shri Brijendra Pratap Singh, Chairman-cum-Managing Director, chaired the meeting.

Proposed Resolutions and Implications

Seven resolutions were considered and passed at the meeting:

1. Adoption of audited financial statements for FY 2025-26 including standalone and consolidated financial statements

2. Confirmation of interim dividends and declaration of final dividend of Re. 1 per equity share (20% on face value of ₹5 each)

3. Re-appointment of Shri Jagdish Arora as Director (Projects & Technical) who retired by rotation

4. Appointment of Shri Anil Kumar Singh as Director (Commercial)

5. Appointment of Dr. Veena Kumari Dermal as Part-time Official Director

6. Ratification of remuneration of Cost Auditors for FY 2026-27

7. Appointment of Shri Neeraj as Part-time Non-official (Independent) Director

Voting Process and Methods

The remote e-voting facility was provided through the RTA, M/s. Bigshare Services Private Limited. The cut-off date for determining voting eligibility was 24th August 2026. The e-voting period was from 9:00 a.m. on Friday, 28th August 2026 to 5:00 p.m. on Sunday, 30th August 2026. M/s. Saroj Ray & Associates, Practicing Company Secretaries, were appointed as Scrutinizer for the e-voting.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total members voted: 1,358
  • Votes in favor: 1,193 members, 140,93,78,830 votes (96.59%)
  • Votes against: 165 members, 4,97,34,769 votes (3.41%)
  • Invalid votes: None

Resolution 2: Dividend Declaration

  • Total members voted: 1,359
  • Votes in favor: 1,307 members, 145,58,77,401 votes (99.58%)
  • Votes against: 52 members, 61,91,770 votes (0.42%)
  • Invalid votes: None

Resolution 3: Re-appointment of Shri Jagdish Arora

  • Total members voted: 1,363
  • Votes in favor: 762 members, 113,36,65,758 votes (77.54%)
  • Votes against: 601 members, 32,82,80,208 votes (22.46%)
  • Invalid votes: None

Resolution 4: Appointment of Shri Anil Kumar Singh

  • Total members voted: 1,368
  • Votes in favor: 833 members, 118,16,11,186 votes (80.82%)
  • Votes against: 535 members, 28,03,34,780 votes (19.18%)
  • Invalid votes: None

Resolution 5: Appointment of Dr. Veena Kumari Dermal

  • Total members voted: 1,362
  • Votes in favor: 646 members, 110,63,56,209 votes (75.68%)
  • Votes against: 716 members, 35,55,90,457 votes (24.32%)
  • Invalid votes: None

Resolution 6: Ratification of Cost Auditors' Remuneration

  • Total members voted: 1,358
  • Votes in favor: 1,296 members, 145,57,50,572 votes (99.58%)
  • Votes against: 62 members, 61,96,095 votes (0.42%)
  • Invalid votes: None

Resolution 7: Appointment of Shri Neeraj

  • Total members voted: 1,363
  • Votes in favor: 1,127 members, 135,70,04,895 votes (92.82%)
  • Votes against: 236 members, 10,49,41,771 votes (7.18%)
  • Invalid votes: None

Scrutinizer's Role and Findings

CS Uttam Baral was appointed as Scrutinizer for the e-voting process. The Scrutinizer's report dated 31.08.2026 confirmed that all resolutions were passed with requisite majority. The final results were communicated to stock exchanges and uploaded on the company's website and Bigshare's website on 31.08.2026 within statutory timelines.

Compliance with Laws and Regulations

The meeting was conducted in conformity with regulatory provisions and circulars issued by the Ministry of Corporate Affairs, Government of India and SEBI. The company complied with Section 145 of the Companies Act, 2013 by reading out qualifying remarks from Secretarial Auditors and C&AG's Supplementary Audit Report along with management's explanations.

Additional Information

The company declared a final dividend of Re. 1 per equity share, payable to shareholders whose names appeared in the list of beneficial owners as at the end of business hours on 24.08.2026. The total dividend for FY 2025-26 amounted to ₹11.50 per share including interim dividends of ₹10.50 per share already paid in three tranches.