Meeting Details
The 5th Annual General Meeting (AGM) of REDTAPE Limited is scheduled to be held on Tuesday, August 25, 2026, at 11:30 AM IST through Video Conferencing/Other Audio Visual Means (OAVM). The deemed venue is the Registered Office of the Company at Plot No. 08, Sector 90, Gautam Buddha Nagar, Noida-201301, Uttar Pradesh.
Cut-off Date and Voting Information
The Company has fixed Tuesday, August 18, 2026, as the cut-off date to determine eligibility of members to cast votes through remote e-Voting and e-Voting during the AGM. The remote e-voting period begins on August 22, 2026, at 09:00 AM and ends on August 24, 2026, at 05:00 PM through NSDL's e-voting platform.
Ordinary Business Agenda
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026, together with Reports of Auditors and Board of Directors.
2. Director Appointment: To appoint a director in place of Mr. Rashid Ahmed Mirza (DIN: 00049009), who retires by rotation and being eligible, offers himself for re-appointment.
3. Final Dividend Declaration: To consider and declare final dividend @ 100% (₹2 per share) for the financial year 2025-26. The Record Date fixed for determining entitlement to final dividend is July 31, 2026.
Special Business Agenda
4. Cost Auditor Remuneration Ratification: Ordinary Resolution to ratify remuneration of ₹40,000 (excluding taxes and reimbursement of out-of-pocket expenses) payable to Mr. A.K. Srivastava, Cost Accountants (Membership No. 10467, Firm Registration No. 100090) appointed as Cost Auditor for FY 2026-27.
5. Re-appointment of Managing Director: Special Resolution to re-appoint Mr. Shuja Mirza (DIN: 01453110) as Managing Director for 5 years from April 1, 2027, to March 31, 2032, with remuneration not exceeding ₹12,00,00,000 per annum plus medical allowance up to ₹24,00,000 per annum. He shall not be liable to retire by rotation during this period.
6. Continuation of Chairman: Special Resolution for continuation of Mr. Rashid Ahmed Mirza (DIN: 00049009) as Whole-time Director (designated as Executive Chairman) after attaining age 70 years on January 26, 2027, during his current term ending August 31, 2028. He does not draw any remuneration from the Company.
Key Financial Figures
- Recommended final dividend: ₹2.00 per equity share (100% of face value ₹2)
- Cost auditor remuneration: ₹40,000 plus applicable taxes
- Managing director proposed remuneration: ₹12 crore per annum ceiling
- Medical allowance for managing director: ₹24 lakh per annum ceiling
Director Shareholding (as of July 30, 2026)
- Mr. Shuja Mirza: 19,78,32,696 equity shares (35.79%)
- Mr. Rashid Ahmed Mirza: 19,79,62,700 equity shares (35.81%)
Taxation Information
Dividend income is taxable in shareholders' hands with TDS applicable:
- Resident shareholders: 10% TDS (20% if PAN not provided/linked)
- Resident individuals exempt if total dividend ≤ ₹10,000 annually
- Non-resident shareholders: 20% TDS plus applicable surcharge and cess
- Treaty benefits available for non-residents upon submission of required documentation
Procedural Information
The notice includes comprehensive instructions for:
- Remote e-voting procedures through NSDL platform
- VC/OAVM participation guidelines
- Speaker registration requirements (August 20-22, 2026)
- Dividend payment through electronic modes (ECS, NEFT, RTGS)
- Document submission deadlines for TDS purposes (August 8, 2026)
- Shareholder grievance redressal mechanisms including ODR portal
Additional Information
- Scrutinizer appointed: Mr. Debabrata Deb Nath of R & D Company Secretaries
- Registrar and Transfer Agent: KFin Technologies Limited
- Exclusive email for shareholder grievances: compliance@redtapeindia.com
- Annual report available at: https://about.redtape.com/assets/investor-pdf/Redtape-Notice.pdf
#Tags: #REDTAPE #AGMNotice #Dividend #DirectorAppointment #SEBIDisclosure #RegulatoryCompliance #CorporateGovernance #Neutral