Meeting Details

  • Date: Tuesday, 8th September, 2026
  • Time: 12:00 Noon to 12:57 PM
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting

Shareholder Participation

  • Total number of shareholders as on cut-off date (1st September, 2026): 99,680
  • Number of shareholders present in person or through proxy: Nil
  • Number of shareholders attended through VC/OAVM: 109
  • Quorum was present and meeting proceeded

Directors Present

The following directors attended the meeting:

1. Ms. Sarita Kapur - Independent Director, Chairperson of Nomination and Remuneration Committee, Risk Management Committee and CSR Committee

2. Shri Hemal Bharat Khandwala - Independent Director, Chairman of Stakeholders Relationship Committee

3. Shri Yogesh Kapur - Independent Director, Chairman of Audit Committee

4. Shri Prabhakar Kadapa - Independent Director

5. Shri Kanav Monga - Independent Director

6. Ms. Shikha Kapur - Non-Executive Director

7. Shri Rajiv Kumar Miglani - Executive Director

8. Shri Kaushalendra Verma - Executive Director

9. Shri Samarth Kapur - Executive Director

10. Shri Arvind Kapur - Chairman, CEO & Managing Director

Representatives of Statutory Auditors and Secretarial Auditors were also present.

Proposed Resolutions and Voting Process

The following business items were proposed for shareholder approval:

Ordinary Business

1. Adoption of the Audited Standalone and Consolidated Financial Statements for year ended 31st March, 2026 together with Reports of Directors' and Auditors' thereon (Ordinary Resolution)

2. Declaration of dividend @ 55% i.e. ₹0.55 (Fifty five paise) per Equity Share of ₹1/- each for financial year ended 31st March, 2026 (Ordinary Resolution)

3. Appointment of Director in place of Shri Samarth Kapur, who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

Special Business

4. Ratification of Remuneration payable to the Cost Auditors (Ordinary Resolution)

The voting process included:

  • Remote e-voting facility available from Saturday, 5th September, 2026 (9:00 a.m. IST) to Monday, 7th September, 2026 (5:00 p.m. IST)
  • E-voting facility also provided during the AGM for members who participated through VC and did not cast votes through remote e-voting
  • Facility for e-voting remained open for 15 minutes after conclusion of the meeting
  • Shri Milan Malik, Partner Lexnexus Corporate Solutions LLP, appointed as Scrutinizer to scrutinize the voting process

Financial and Operational Highlights from Chairman's Speech

  • Consolidated revenue for FY 2025-26: ₹2,477.73 crore
  • Profit after tax for FY 2025-26: ₹52.42 crore
  • Export turnover: ₹337.08 crore (compared to ₹326.86 crore previous year)
  • New orders secured: Approximately ₹2,500 crore over a programme life of five years
  • Dividend recommendation: 55% amounting to ₹7.44 crore
  • Challenges: Volatility in aluminium and other raw material prices affecting margins

Strategic Initiatives

  • New Hosur facility focused on next-generation mobility manufacturing
  • Expansion in system-level products, braking systems and structural components
  • New Non-Automotive business vertical focused on Railways and CNC Machines
  • Implementation of SAP S/4HANA under "Shifting Gears" initiative
  • Continued focus on sustainability through RICO Care Foundation

Compliance and Reporting

  • Meeting conducted in compliance with Circulars issued by Ministry of Corporate Affairs and SEBI
  • Compliance with applicable provisions of Companies Act, 2013 read with rules made thereunder
  • Voting results to be announced within 2 working days of conclusion of AGM
  • Results will be placed on company website, NSDL website, and disseminated to BSE and NSE