Meeting Details

The 43rd Annual General Meeting was held on Friday, August 07, 2026 through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

  • Meeting commenced at: 3:00 PM IST
  • Meeting concluded at: 3:55 PM IST (total duration 55 minutes)
  • Total members attended: 78
  • Chairman: Mr. Pradeep Goyal, Chairman & Managing Director
  • Company Secretary: Mr. Abhishek Joshi (ACS: 64446)

Voting Arrangements

  • Remote e-voting conducted through NSDL platform
  • Remote e-voting period: August 04, 2026 (9:00 AM IST) to August 06, 2026 (5:00 PM IST)
  • E-voting during meeting available for members who hadn't voted remotely
  • Scrutinizer: Ms. Shweta Gokarn, Practicing Company Secretary
  • Results to be disseminated to stock exchanges and published on company and NSDL websites

Business Conducted

The following resolutions were put to vote:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors Reports (Ordinary Resolution)

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors Reports (Ordinary Resolution)

3. Declaration of Dividend on Equity Shares for FY ended March 31, 2026 (Ordinary Resolution)

Special Business:

4. Appointment of Director in place of Dr. Kewal Krishan Nohria (DIN: 00060015) who retires by rotation, has attained age of 75 years, and offers himself for reappointment (Special Resolution)

5. Re-appointment of Mr. Pradeep Goyal (DIN: 00008370) as Chairman and Managing Director for further 3 years and confirmation of continuation of Directorship upon attaining age of 70 years (Special Resolution)

6. Approval of remuneration of Cost Auditors for FY ending March 31, 2027 (Ordinary Resolution)

Key Announcements

  • Statutory Auditor reports on standalone and consolidated financial statements contained no qualifications or adverse remarks
  • Mr. Pradeep Goyal presented financial, operational and business performance for FY 2025-26
  • Company announced largest expansion since inception: strategic investment of up to ₹250 crores to establish greenfield manufacturing facility for large caliber ammunition in Nagpur, Maharashtra (Defense Hub of Maharashtra)

Attendance

All Directors were present except Dr. Kewal Krishan Nohria. Members were provided opportunity to ask questions through VC/OAVM, with Chairman responding to all queries.