Meeting Details

The 15th Annual General Meeting was held on Friday, August 14, 2026 through video conferencing and other audio-visual means. The meeting commenced at 2:00 PM and concluded at 2:38 PM.

Attendance and Quorum

Requisite quorum was present at the AGM through the Video Conferencing facility provided through Webcast Facility of CDSL. Mr. Devesh Singh Sahney, Chairman Executive and Managing Director chaired the meeting. Mr. Samrat Zaveri, Independent Director and Chairman of the Stakeholders' Relationship Committee, was unable to attend due to prior commitments. Mr. Anurag Toshniwal acted as the Chairman of the Stakeholders' Relationship Committee for the AGM.

Voting Arrangements

  • Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) from 9:00 AM IST on Tuesday, August 11, 2026, to 5:00 PM IST on Thursday, August 13, 2026.
  • Mr. J. J. Gandhi, proprietor of M/s J. J. Gandhi & Co., Practicing Company Secretaries, was appointed as the scrutinizer for the meeting.
  • Combined results of remote e-voting and e-voting conducted during the meeting will be announced based on the scrutinizer's report and uploaded on the company website and CDSL website.

Business Transacted

The following items of business from the Notice dated May 28, 2026 were put to vote:

Ordinary Business:

Item No. 1 (Ordinary Resolution): To receive, consider and adopt:

  • a. Audited Standalone Financial Statements for FY2025-26 with Reports of Board of Directors and Auditors
  • b. Audited Consolidated Financial Statements for FY2025-26 with Report of Auditors

Item No. 2 (Ordinary Resolution): To appoint a Director in place of Mr. Devesh Singh Sahney (DIN: 00003956) who retires by rotation and offered himself for re-appointment.

Special Business:

Item No. 3 (Ordinary Resolution): To approve material related party transaction limits with NRB-IBC Bearings Private Limited.

Item No. 4 (Ordinary Resolution): To approve material related party transactions with NIBL-Korta Engineering Private Limited.

Item No. 5 (Ordinary Resolution): To consider and approve a Related Party Transaction pursuant to section 188 of the Companies Act, 2013.

Item No. 6 (Special Resolution): To approve revision in remuneration of Mr. Devesh Singh Sahney (DIN: 00003956), Chairman and Managing Director, for the period from October 01, 2026 to September 30, 2027.

Meeting Proceedings

Mr. Devesh Singh Sahney vacated the chair during discussion of agenda items, and Mrs. Sejal Mehta presided over those items. The Chairman resumed chair after conclusion of discussions. Members were given opportunity for questions and comments on financial statements and business items. The CFO and Chairman responded to member queries.

Additional Information

  • No qualification, observation or adverse comment in Statutory Auditors Report or Secretarial Auditors Report
  • Statutory registers were available for inspection electronically
  • No proxy facility was available as dispensed by MCA and SEBI
  • The resolutions shall be deemed passed subject to receipt of requisite number of votes