Meeting Details

The 42nd Annual General Meeting was held on Tuesday, August 18, 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with circulars from the Ministry of Corporate Affairs and SEBI, and provisions of the Companies Act, 2013.

Meeting Timing

The meeting commenced at 10:30 a.m. IST and concluded at 11:08 a.m. IST, including time allowed for e-Voting at the AGM.

Attendance

  • Shareholders on record date (August 11, 2026): 40,278
  • Members present at meeting: 39 through VC/OAVM
  • Chairman: Shri Prakash M. Sanghvi, Chairman and Managing Director
  • Directors present as required by Act and SEBI Regulations
  • Independent, Internal and Secretarial Auditors present
  • Company Secretary: Shri Anil Maloo provided general instructions

Voting Arrangements

  • Remote e-Voting period: August 13, 2026 (9:00 a.m. IST) to August 17, 2026 (5:00 p.m. IST)
  • Statutory registers, certificates and documents were kept digitally available for inspection
  • Scrutinizer: Shri Mahesh C. Gupta of M/s. M. C. Gupta & Co., Practicing Company Secretaries (Membership No.: FCS-2047, COP No.: 1028)
  • Members could also vote electronically during the AGM

Proceedings

  • Chairman delivered speech covering business performance, financials, and business outlook
  • Notice of AGM, Board's Report, and Annual Report for FY ended March 31, 2026 were taken as read
  • Auditors' reports contained no qualifications/adverse remarks affecting company functioning

Resolutions Approved

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

2. Dividend Declaration: Dividend of ₹10.00 per equity share on 7,00,92,000 equity shares of face value ₹2 each for FY ended March 31, 2026 (Ordinary Resolution)

3. Director Re-appointment: Re-appointment of Shri Shanti M. Sanghvi (DIN: 00007955) as Director retiring by rotation under Section 152(6) of Companies Act, 2013 (Ordinary Resolution)

4. Director Re-appointment: Re-appointment of Shri Manoj Prakash Sanghvi (DIN: 00027040) as Director retiring by rotation under Section 152(6) of Companies Act, 2013 (Ordinary Resolution)

For agenda items 3 & 4, Shri Rajendra S. Shah, Independent Director chaired the session as Shri Prakash M. Sanghvi was interested in the items.

5. Cost Auditor Ratification: Ratification of remuneration payable to M/s. N. D. Birla & Co., Cost Accountants, Ahmedabad (Firm Registration No. 000028) as Cost Auditors for FY ending March 31, 2027 (Ordinary Resolution)

Shareholder Engagement

  • No queries were raised during the meeting on agenda items
  • Shareholders who requested to speak were given opportunity
  • Queries were answered by Chairman & Managing Director and Executive Director (Finance) & Chief Financial Officer

Post-Meeting Formalities

  • Combined voting results (remote e-voting and e-voting at AGM) will be announced on company website and NSDL website
  • Results will be submitted to stock exchanges as required under Regulation 44(3) of SEBI LODR Regulations
  • Scrutinizer's Report will be submitted

Dividend Payment Timeline

If declared and approved, dividend shall be payable on or before Thursday, September 17, 2026 (within statutory time limit from AGM date).