Meeting Details

The 34th Annual General Meeting was held on Friday, June 19, 2026 at 11:00 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) and also at the Registered Office of the Company at Kodiyat Road, Village: Sisarma, Udaipur (Raj.) - 313031.

Attendance

52 members attended the meeting. The meeting was conducted in compliance with Ministry of Corporate Affairs guidelines, SEBI Circulars, and SEBI (LODR) Regulations, 2015.

Officials Present

  • Ms. Apeksha Agiwal - Chairperson of Audit Committee, NRC, SRC and Risk Management Committee, Independent Director
  • Mrs. Sonal Mantri - Independent Director
  • Mr. Himanshu S. Gupta - Independent Director
  • Mr. Rajendra Kumar Heda - Sr. Vice-President (Operations)
  • Mr. Rajat Raja Kothari - Company Secretary and Compliance Officer
  • Mr. Manoj Jain - Statutory Auditor
  • Mr. Pawan Talesara - Secretarial Auditor
  • Mr. Ashok Modi - Scrutinizer (Practicing Chartered Accountant)
  • Mr. Daud Ali - Chairman
  • Mr. Narendra Bhanawat - Whole Time Director

Business Performance Update

The Chairman apprised members about company performance, stating that despite external challenges, PIL Italica remained focused on:

  • Operational efficiencies
  • Product mix optimization
  • Strategic sourcing initiatives
  • Disciplined cost management

Distribution Network

The company has established a pan-India distribution ecosystem comprising:

  • 4,538 dealers
  • 410 direct dealers
  • 216 distributors
  • 13 strategically located fulfillment centers

Voting Process

Remote e-voting was conducted through CDSL starting Tuesday, June 16, 2026 at 09:00 AM and ending Thursday, June 18, 2026 at 05:00 PM. Additional e-voting was conducted during the AGM for shareholders who hadn't voted remotely.

Resolutions Voted On

1. To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with Reports of Directors' and Auditors' thereon (Ordinary Resolution)

2. To appoint a Director in place of Mr. Narendra Bhanawat (DIN: 00146824) who retires by rotation and offers himself for reappointment (Ordinary Resolution)

3. To re-appoint Mr. Narendra Bhanawat (DIN: 00146824) as a whole time director for a period of 3 Years

4. To re-appoint Mr. Daud Ali (DIN: 00185336) as a Managing Director for a period of 3 Years

5. To re-appoint Mr. Himanshu Surendrakumar Gupta (DIN: 09607045) as an Independent Director for second consecutive term of 5 Years

Results Timeline

The results of Remote E-voting and E-Voting at the AGM were scheduled to be declared within 2 working days of the conclusion of the Meeting, to be intimated to stock exchanges and uploaded on the company website and CDSL.

Meeting Duration

The meeting concluded at 12:05 PM (IST), including time allowed for e-voting at the AGM.

Financial Impact

Financial impact not quantified in the disclosure.