Meeting Details
The 37th Annual General Meeting was held on Wednesday, September 9, 2026, at 12:30 p.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) facility. The meeting was conducted without physical presence of members, with the deemed venue being the Registered Office of the Company at Ariisto House, 5th Floor, Corner of Telli Galli, Andheri (East), Mumbai, Maharashtra – 400069.
Attendance and Quorum
Mr. Arvind Bajoria, Company Secretary & Compliance Officer, confirmed that participation through video conferencing was counted for quorum purposes as per MCA circulars and SEBI regulations. Representatives of Joint Statutory Auditors and Secretarial Auditors were present. The statutory registers, records and relevant documents were available for electronic inspection.
Voting Arrangements
Remote e-voting was provided to members from Saturday, September 5, 2026 (9:00 a.m. IST) to Tuesday, September 8, 2026 (5:00 p.m. IST) on all resolutions. E-voting system was also available during the AGM for those who had not cast votes through remote e-voting. Ms. Ashwini Inamdar (FCS: 9404) or alternatively Ms. Alifiya Sapatwala (ACS: 24091), Partners of Mehta and Mehta, Company Secretaries (ICSI Unique Code: P1996MH007500) were appointed as scrutinizer for the e-voting process.
Business Transacted
The following items of business were transacted at the meeting:
Ordinary Businesses:
1. Adoption of Audited Standalone Financial Statements for FY 2025-26 ended March 31, 2026, together with Report of the Board of Directors and Auditors' report
2. Adoption of Audited Consolidated Financial Statements for FY 2025-26 ended March 31, 2026, together with Report of the Auditors
3. Declaration of Dividend of ₹2 per equity share of face value ₹5 each for financial year ended March 31, 2026
4. Re-appointment of Mr. Sureshkumar Pansari (DIN: 00215712) who retires by rotation
Special Businesses:
5. Re-appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (FRN: 117366W/W-100018) as Statutory Auditors of the Company
6. Revision in terms of remuneration of Mr. Kapal Suresh Pansari (DIN: 00215510), Managing Director of the Company
7. Approval for enhancement in Borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013
8. Authorization to Board of Directors under Section 180(1)(a) of the Companies Act, 2013 for creation of charge on the assets of the Company, both present and future, in respect of borrowings
Management Presentations
Mr. Krishna Kumar Choudhary, Chairman and Whole-time Director, chaired the meeting. The Managing Director briefed shareholders on the Company's performance during FY 2025-26. Mr. Himanshu Kumar Shah, Chief Financial Officer, delivered a message to members.
Q&A Session
A questions and answers forum was opened where all questions raised by members were addressed by the Management to their satisfaction.
Meeting Duration
The meeting concluded at 13:46 p.m. (IST), lasting approximately 1 hour and 16 minutes. The e-voting window remained open for 15 minutes post conclusion of AGM.