AGM Details

The 67th Annual General Meeting will be held on Friday, September 18, 2026 at 12:00 noon (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The deemed venue is the Registered Office at Pahadi Village, off the Western Express Highway, Goregaon (East), Mumbai 400 063.

Business to be Transacted

Ordinary Business:

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Financial Statements for the financial year ended March 31, 2026, including the Statement of Profit and Loss, Balance Sheet, and Reports of Directors and Auditors.

2. Declaration of Final Dividend: To declare a final dividend of ₹15 per equity share (face value ₹10 each, @150%) for FY 2025-26. The dividend will be distributed to shareholders whose names appear in the Register of Members as on the Record Date, Thursday, September 3, 2026.

3. Reappointment of Director: To appoint Mr. Kunnasagaran Chinniah (DIN: 01590108), age 69 years, who retires by rotation and offers himself for reappointment.

Special Business:

4. Ratification of Cost Auditor Remuneration: To ratify the remuneration of ₹1,50,000 (plus GST, travelling, and out-of-pocket expenses) payable to Mr. Vinay B. Mulay (ICMAI No. 8791) of Vinay Mulay & Co., Mumbai, for conducting the audit of cost records for FY 2026-27.

Dividend Details

  • Dividend Amount: ₹15 per equity share (@150% on face value of ₹10)
  • Record Date: Thursday, September 3, 2026
  • Payment Date: After Wednesday, September 23, 2026
  • TDS Applicability:
  • For Resident Shareholders: 10% TDS if dividend exceeds ₹10,000 annually, unless exempt (Form 121 submission required).
  • For Non-Resident Shareholders: 20% TDS plus applicable surcharge and cess, unless lower DTAA rate applies with submission of TRC, Form 41, and other documents.
  • Higher rate of 20% if PAN is not provided or not linked with Aadhaar.
  • Documents Deadline: All TDS-related documents must be submitted to MUFG Intime India Pvt. Ltd. (MUFGIIPL) by the Record Date, September 3, 2026.

Director Reappointment Details

  • Mr. Kunnasagaran Chinniah (DIN: 01590108):
  • Age: 69 years (DOB: May 10, 1957)
  • First appointed: April 28, 2016
  • Qualifications: CFA, Bachelor's in Electrical Engineering (National University of Singapore), MBA (University of California, Berkeley)
  • Expertise: Management, Finance, Investments, Accounts, Audit, Real Estate
  • Current Remuneration: Nil (Non-Executive Nominee Director)
  • Board Meetings Attended (FY 2025-26): 6 out of 6
  • Shareholding: Nil
  • Other Directorships: Nil

Cost Auditor Remuneration

  • Name: Mr. Vinay B. Mulay (ICMAI No. 8791) of Vinay Mulay & Co., Mumbai
  • Remuneration: ₹1,50,000 (excluding GST, travelling, and out-of-pocket expenses)
  • Period: Financial year ending March 31, 2027

Shareholder Information

  • Share Transfer Agent: MUFG Intime India Pvt. Ltd. (MUFGIIPL)
  • Register of Members Closure: From Friday, September 4, 2026 to Friday, September 18, 2026 (both days inclusive)
  • E-Voting Cut-off Date: Friday, September 11, 2026
  • Remote E-Voting Period: From Monday, September 14, 2026 at 9:00 a.m. IST to Thursday, September 17, 2026 at 5:00 p.m. IST
  • Scrutinizers: Mr. Alwyn D'souza (FCS No. 5559) or Mr. Jay D'souza (FCS No. 3058) of Alwyn Jay & Co., Company Secretaries, Mumbai

Unclaimed Shares and Dividend

  • Unclaimed Suspense Account: Closing balance of 2,380 shares as of March 31, 2026 (opening balance: 2,430 shares)
  • Unclaimed Suspense Escrow Demat Account: Closing balance of 5,994 shares as of March 31, 2026 (opening balance: 3,601 shares)
  • IEPF Transfer: Unpaid dividends for seven consecutive years and corresponding shares are transferred to the Investor Education and Protection Fund. Specific deadlines are provided for dividends from FY 2014-15 to FY 2025-26.

Procedural Notes

  • The AGM will be conducted entirely through VC/OAVM as per MCA Circulars No. 09/2024 and SEBI Circulars.
  • Physical attendance and proxy appointments are dispensed with.
  • Members must register their email addresses for electronic communication by 5:00 p.m. IST on Thursday, September 10, 2026.
  • Detailed instructions for remote e-voting and VC participation are provided, including login methods for NSDL and CDSL demat account holders.