Meeting Details

  • Date: Tuesday, 29th September 2026
  • Time: Commenced at 11:30 A.M. and concluded at 12:33 P.M.
  • Location: Corporate Office of the Company and through Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Type of Meeting: 26th Annual General Meeting

Proposed Resolutions and Implications

The following resolutions, as set out in the notice of the AGM, were put to vote:

Ordinary Businesses:

1. Adoption of accounts for the financial year.

2. Declaration of dividend.

3. Re-appointment of Mr. Esthaki Santhanam (DIN 01483217) as a Director.

4. Appointment of M/s. Rajagopal & Badri Narayanan as Joint Statutory Auditor of the Company.

Special Businesses:

5. Approval for Related Party Transactions with Repatriates Cooperative Finance and Development Bank Limited (Repco Bank), Promoter of the Company.

6. Enhancement of Borrowing Limits of the Company under Section 180(1)(c) of the Companies Act, 2013 up to ₹20,000 Crores.

7. Offer or invite subscription for Non-Convertible Debentures (NCD) to ₹1,500 Crores and Commercial Paper (CP) to ₹1,000 Crores respectively on private placement.

8. Appointment of Mrs. Aparna Sudip Kumar (DIN: 07667316) as Non-Executive & Independent Director.

9. Appointment of Mr. Bakthavatsalu Kannan (DIN: 11885253) as Whole-time Director.

10. Revision in Remuneration payable to Mr. Thangappan Karunakaran (DIN: 09280701) Managing Director & CEO of the Company.

Resolutions 6, 7, and 8 were proposed as Special Resolutions; all others were Ordinary Resolutions.

Voting Process and Methods

  • The meeting was conducted through video conferencing in accordance with circulars from the Ministry of Corporate Affairs and SEBI Regulations.
  • Remote e-voting was available from 9:00 A.M. (IST) on Saturday, 26th September 2026 until 5:00 P.M. (IST) on Monday, 28th September 2026.
  • E-voting during the meeting was available for members who had not voted remotely. Those who had already voted remotely could not vote again.
  • The facility to appoint a proxy was not available, but body corporates could appoint authorized representatives.
  • The Instapoll (e-voting during meeting) closed at 12:48 P.M.

Key Voting Outcomes

  • The document states that the results were to be announced based on the Scrutinizer's report and displayed on the company's website and submitted to stock exchanges.
  • No specific vote counts, percentages, or category-wise breakdowns are provided in this proceedings document. The document explicitly notes: "This document does not constitute the Minutes of the Annual General Meeting of the Company."

Scrutinizer's Role

  • Mr. G. Ramachandran of M/s. G Ramachandran & Associates, Practicing Company Secretary, was appointed as the Scrutinizer for the meeting.
  • His role was to conduct the e-voting in an orderly manner and submit a report within the prescribed period.
  • The Company Secretary was authorized to declare the results based on the Scrutinizer's report.

Compliance Confirmation

  • The Company Secretary confirmed that the meeting was held in compliance with the circulars issued by the Ministry of Corporate Affairs, the Companies Act, 2013, and SEBI Regulations.
  • The Annual Report for 2025-26 was disseminated via email to registered shareholders and physical copies upon request.
  • The Register of Directors and Key Managerial Personnel and the Register of Contracts were made available electronically for inspection during the AGM.

Attendance

  • Directors in Attendance: Mr. C. Thangaraju (Chairman), Mr. E. Santhanam, Mr. B. Raj Kumar, Mr. Mrinal Kanti Bhattacharya, Mr. R. Vaithianathan, Mrs. Usha Ravi, Dr. G. Venkataiah, Mrs. Aparna Sudip Kumar, Mr. T. Karunakaran (MD & CEO), Mr. B. Kannan.
  • Statutory Auditors: Mr. V. Adithya, Partners of M/s. R. Subramanian and Company LLP.
  • Secretarial Auditor & Scrutinizer: Mr. Baalasubramaniyan Ne, Representative of M/s. G Ramachandran & Associates.
  • Management: Mr. M. Raja (CBO), Mr. A. Palpandi (COO), Mr. Ankush Tiwari (Company Secretary & Compliance Officer), Mrs. Shanthi Srikanth (CFO).
  • Members: 52 members attended the meeting through video conferencing. 8 members had registered as speaker shareholders.