Meeting Details

The 4th AGM was held on Thursday, September 24, 2026, commencing at 11:00 A.M. IST and concluding at 12:05 P.M. IST. The meeting was conducted entirely through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The deemed venue was Jindal Towers, Block B, 4th Floor, 21/1A/3, Darga Road, Kolkata, West Bengal, India – 700017.

Compliance Framework

The meeting was held in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and guidelines prescribed by the Ministry of Corporate Affairs through multiple circulars: General Circular No. 14/2020 (April 8, 2020), General Circular No. 17/2020 (April 13, 2020), General Circular No. 20/2020 (May 5, 2020), General Circular No. 09/2024 (September 19, 2024), and General Circular No. 03/2025 (September 22, 2025).

Attendance

Directors Present:

  • Mr. Harsh Mohan Gupta (Executive Chairman)
  • Mr. Rishab Mohan Gupta (Managing Director)
  • Mr. Talari Suvarna Raju (Non-Executive Independent Director)
  • Mr. Arvind Ghei (Non-Executive Independent Director)
  • Ms. Shobhana Joshi (Non-Executive Independent Director)
  • Mr. Digant Parikh (Non-Executive Non-Independent Director)

In Attendance:

  • Mr. Krishnappayya Desai (Company Secretary and Compliance Officer)

By Invitation:

  • Mr. Senthil Balasubramanian (Chief Executive Officer)
  • Mrs. Zeena Philip (Chief Operating Officer)
  • Mr. Vishwanath Jayanth (Chief Financial Officer)
  • Mr. V Sathyanarayanan (Partner, Raghavan, Chaudhuri & Narayanan, Chartered Accountants, Statutory Auditors)
  • Mr. CS Biswajit Ghosh (Partner, BMP & Co., LLP, Secretarial Auditors and Scrutinizers)

75 members attended the meeting through VC/OAVM. The requirement for appointing proxies was not applicable as per MCA and SEBI circulars.

Proposed Resolutions

The following five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors

2. Ordinary Resolution: To appoint a Director in place of Mr. Harsh Mohan Gupta (DIN: 00065973), who retires by rotation and offers himself for re-appointment

3. Ordinary Resolution: To declare a Final Dividend of ₹0.30 (Thirty Paise) per equity share for FY25-26

4. Special Resolution: Re-appointment of Mr. Arvind Ghei as an Independent Director

5. Special Resolution: Re-appointment of Ms. Shobhana Joshi as an Independent Director

Voting Process

The Company appointed Mr. CS Biswajit Ghosh (Membership No.: F8750, COP No.: 8239), Partner at M/s. BMP & Co. LLP, Practicing Company Secretaries, Bengaluru, as the Scrutinizer to oversee the e-voting process, ensure transparency, and consolidate voting results. The Company Secretary briefed members on e-voting procedures and participation guidelines. The meeting included a 15-minute window dedicated to e-voting. The voting results were to be announced upon receipt of the Scrutinizer's Report and submitted as per Regulation 44(3) of SEBI Listing Regulations.

Key Financial and Business Highlights from Chairman's Address

The Chairman highlighted exceptional performance for FY25-26:

  • Revenue increased by 87% to ₹485 crores (from ₹259 crores previous year)
  • Profit Before Tax reached ₹28 crores
  • Strategic agreements aggregated approximately ₹3000 crores
  • Confirmed purchase orders of approximately ₹800 crores

Strategic Initiatives:

  • Expansion into semiconductor equipment manufacturing sector
  • Exploration of commercial aerospace opportunities in US and Europe
  • Received AS9110 Maintenance, Repair and Overhaul (MRO) certification
  • Received Domestic Tariff Area (DTA) licence
  • Leased additional 2,10,000 square feet facility for Semiconductor and Space businesses
  • Reduced inventory coverage from 10 months to 7.67 months
  • Workforce expanded from 680 to nearly 1,200 employees over two years

Awards Received:

  • Outstanding Supplier Recognition Certificate from Lockheed Martin
  • Best Organization to Work Award from the ET Group

Q&A Session

Shareholders raised questions on:

  • Sustainability of growth trajectory
  • Opportunities in Semiconductor, Space, Commercial Aerospace and MRO sectors
  • Execution readiness for growing order book
  • Capacity expansion plans
  • Future capital expenditure requirements
  • Working capital efficiency initiatives
  • Industry growth drivers in Aerospace & Defence
  • Impact of global geopolitical and policy developments
  • Customer and geographical diversification strategy

Mr. Rishab Mohan Gupta, Managing Director, responded to all questions in detail.

Documentation and Compliance

The Notice of the AGM was circulated electronically and taken as read. The Statutory Registers and relevant documents were made available electronically for inspection upon request to investors@rosselltechsys.com. There were no qualifications, observations, or adverse comments in the reports issued by the Statutory Auditors and Secretarial Auditors.