Meeting Details

The 18th Annual General Meeting was held on Tuesday, August 18, 2026, at 11:30 A.M. IST through Video Conferencing/Other Audio Visual Means facility provided by National Securities Depository Services Limited (NSDL).

The meeting commenced at 11:30 A.M. and concluded at 12:24 P.M.

Attendance Statistics

  • Number of shareholders as of cut-off date (August 12, 2026): 89,746
  • Number of shareholders attending the AGM: 47

Chairmanship and Director Attendance

The meeting was chaired by Mr. P.S. Jayakumar, Chairman of the Company and Independent Director.

Directors present through video conferencing:

1. Mr. P.S. Jayakumar - Chairman & Independent Director

2. Mr. Ashish Mehrotra - Managing Director and CEO (Chairman of Willful Defaulters Review Committee)

3. Ms. Anuradha Rao - Non-Independent Non-executive Director

4. Mr. Ashutosh Arvind Pednekar - Independent Director (Chairman of Audit Committee, Corporate Social Responsibility Committee & ESG Committee)

5. Mr. Michael Jude Fernandes - Non-executive Nominee Director

6. Ms. Vidya Krishnan - Independent Director (Chairperson of Nomination and Remuneration Committee, Stakeholders Relationship Committee & Risk Management Committee)

Directors unable to attend: Mr. Sandeep Dhar (Independent Director) and Mr. Vijay Chakravarthi (Non-executive Nominee Director).

Other Attendees

  • Statutory Auditors: M/s. Walker Chandiok & Co LLP, Chartered Accountants
  • Secretarial Auditors: M/s. Alagar & Associates LLP
  • Scrutinizer: Mr. N. A. Srinivasan, Designated Partner of M/s. Genicon Legal LLP, Advocates and Advisors Firm

Voting Mechanism

The meeting utilized remote e-voting and e-voting during the AGM through the NSDL platform. The facility of appointing proxies was not applicable for this virtual meeting.

Resolutions Approved

The following nine resolutions were transacted and approved:

Ordinary Resolutions:

1. Adoption of audited annual standalone and consolidated financial statements for FY 2025-26 ending March 31, 2026, along with Reports of Board of Directors and Auditors

2. Reappointment of Mr. Vijay Nallan Chakravarthi (DIN: 08020248) who retired by rotation

3. Appointment of R. Subramaniyan and Company LLP (FRN: 004137S/S200041) as Joint Statutory Auditors and fixing of remuneration

Special Resolutions:

4. Creation of charges on company assets under Section 180(1)(a) of Companies Act, 2013

5. Increase in borrowing powers in excess of paid-up share capital, free reserves and securities premium under Section 180(1)(c)

6. Offer and issue of Non-Convertible Debentures in one or more tranches on private placement basis

7. Revision in payment of remuneration by way of commission to Mr. P S Jayakumar (DIN: 01173236) as Non-Executive Independent Director and Chairperson

8. Revision in terms of managerial remuneration of Mr. Ashish Mehrotra (DIN: 07277318), Managing Director & CEO, and ratification of payment of Special Discretionary Payout

9. Change in mode of implementation of Northern Arc Employee Stock Option Plan 2016 and ESOP Schemes from Trust Route to Direct Route with amendments

Auditor Reports

The Auditor's Report on Financial Statements and Secretarial Audit Report for FY 2025-26 ended March 31, 2026, had no qualifications, reservations, observations, adverse remarks, or disclaimer.

Shareholder Engagement

  • 13 speaker shareholders registered for Q&A session
  • 9 shareholders participated and presented views/sought clarifications
  • Mr. Ashish Mehrotra, Managing Director & CEO, responded to all queries
  • E-voting remained open for additional 15 minutes after meeting conclusion

Document Availability

All documents referred to in the AGM Notice, including Register of Directors and Key Managerial Personnel, and Register of Contracts or Arrangements in which Directors are interested, were made available electronically for inspection.