Meeting Details

The 21st AGM was held on Wednesday, September 16, 2026, commencing at 03:00 p.m. IST and concluding at 03:56 p.m. IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Video Means (OAVM) in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendees

Directors in Attendance:

  • Col. David Devasahayam (Retd.) - Chairman & Managing Director (attended from Corporate Office, Chennai)
  • Mr. Alexander David - Whole-time Director (attended from Corporate Office, Chennai)
  • Ms Jayanthi - Independent Director and Chairperson of the Audit Committee (attended from Chennai)
  • Lt. Gen. Devraj Anbu (Retd.) - Independent Director and Chairman of the Stakeholders Relationship Committee (attended from Coonoor)
  • Mr. Ashok Kumar Sarangi - Independent Director and Chairman of the Nomination and Remuneration Committee (attended from Illinois, U.S.A.)

Senior Management in Attendance:

  • Mr. T. V. Venkataramanan - Chief Financial Officer (attended from Corporate Office, Chennai)
  • Col. Benz K Jacob (Retd.) - Chief Operating Officer (attended from Corporate Office, Chennai)
  • Mr. N Muthuraman - Director for Strategy & Investor Relations (attended from Corporate Office, Chennai)
  • Mr. Nithin Tom - Company Secretary (attended from Corporate Office, Chennai)

Other Representatives:

  • M/s ASA & Associates, Chartered Accountants (Statutory Auditors)
  • M/s. S. Sandeep & Associates (Secretarial Auditors and Scrutinizer for the AGM)

Shareholder Participation:

Total shareholders on record date (September 10, 2026): 47,799

Shareholders attended through VC: 52 (Promoters and Promoter Group: 4, Public: 48)

Resolutions Transacted

The following seven resolutions from the Notice of AGM dated August 12, 2026, were transacted:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements together with Reports of the Board of Directors and Auditors (Ordinary Resolution)

2. Adoption of Audited Consolidated Financial Statements together with Report of Auditors (Ordinary Resolution)

3. Declaration of Dividend (Ordinary Resolution)

4. Re-appointment of Mr. Alexander David (DIN: 08259288) as Director liable to retire by rotation (Ordinary Resolution)

5. Re-appointment of M/s. ASA & Associates LLP, Chartered Accountants, Chennai as Statutory Auditors (Ordinary Resolution)

Special Business:

6. Authorization to Board of Directors to advance loan(s) to Aceware Fintech Services Private Limited under section 185 of Companies Act, 2013 (Special Resolution)

7. Approval of material modification of earlier approved material related party transactions with Aceware Fintech Services Private Limited (Ordinary Resolution)

Voting Process

The Company provided members facility to cast votes electronically on all resolutions. The e-voting facility was available until 30 minutes after the conclusion of the AGM (until approximately 04:26 p.m. IST).

Shareholder Engagement

Eight shareholders registered to speak at the AGM, with six shareholders asking questions regarding:

  • Company strategy
  • Operations
  • Finance
  • Performance of Valuables Logistics segment
  • Performance of Company's fintech subsidiary M/s. Aceware Fintech Services Pvt. Ltd.

The Chairman and senior management addressed all questions raised by shareholders.

Voting Results and Compliance

The Chairman confirmed that voting results on all resolutions, along with the Scrutinizer's Report, would be:

  • Intimated to the Stock Exchanges
  • Posted on the website of NSDL and the Company
  • Disclosed within two working days of conclusion of AGM (on or before September 18, 2026)

The Company Secretary confirmed that all relevant registers and documents specified in the AGM notice were available for inspection as required by the Companies Act, 2013. Both Statutory Auditors' Report and Secretarial Auditors Report contained no qualifications, observations, comments, or adverse remarks.