Meeting Details
- Date: Monday, 21st September 2026
- Time: 4:00 PM (IST)
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type: 21st Annual General Meeting
- Deemed Venue: Corporate Office of the Company
- Book Closure Period: Tuesday, 15th September 2026 to Monday, 21st September 2026 (both days inclusive)
- Cut-off Date: Monday, 14th September 2026
Proposed Resolutions and Implications
Ordinary Business:
1. To receive, consider and adopt the Standalone & Consolidated Audited Financial Statements for the financial year ended 31st March, 2026, including Statement of Profit and Loss, Statement of Cash Flows, Statement of changes in Equity, Balance Sheet, along with Reports of the Board of Directors and Auditors.
2. To declare Dividend of the Company for the financial year ended 31st March 2026.
3. To appoint a Director in place of Mrs. S. Latha (DIN: 00003388), who retires by rotation and offers herself for re-appointment.
Special Business:
4. Share Subdivision Resolution: To approve sub-division of face value of Equity Shares from ₹10/- each to ₹2/- each through a Special Resolution. This would split each existing ₹10 share into 5 shares of ₹2 each, maintaining the same aggregate paid-up capital while enhancing liquidity and retail investor participation.
5. Memorandum Alteration Resolution: To alter Capital Clause V of the Memorandum of Association to reflect the new share structure post-subdivision, changing the authorized share capital description to 23,62,50,000 equity shares of ₹2/- each totaling ₹47,25,00,000.
Voting Process and Methods
- Remote e-voting Period: Friday, 18th September 2026 at 9:00 AM to Sunday, 20th September 2026 at 5:00 PM
- Service Provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Scrutinizer: Sri. M D Selvaraj, Managing Partner of MDS & Associates LLP, Company Secretaries, Coimbatore
- Voting Methods:
- Remote e-voting prior to meeting
- E-voting during the AGM for those who haven't voted remotely
- Physical attendance dispensed with due to virtual meeting
- Voting Rights: Proportional to shareholding as on cut-off date (14th September 2026)
Share Capital Impact of Subdivision
| Parameter | Pre-Subdivision | Post-Subdivision |
| Authorized Equity Share Capital | 4,72,50,000 shares of ₹10 each = ₹47,25,00,000 | 23,62,50,000 shares of ₹2 each = ₹47,25,00,000 |
| Issued Equity Share Capital | 2,51,38,883 shares of ₹10 each = ₹25,13,88,830 | 12,56,94,415 shares of ₹2 each = ₹25,13,88,830 |
| Subscribed and Paid-up Equity Share Capital | 2,51,38,883 shares of ₹10 each = ₹25,13,88,830 | 12,56,94,415 shares of ₹2 each = ₹25,13,88,830 |
Compliance with Regulations
The meeting is conducted in compliance with:
- Ministry of Corporate Affairs General Circular No. 20/2020 dated 5th May 2020
- Ministry of Corporate Affairs General Circular No. 03/2025 dated 22nd September 2025
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standards on General Meetings
Key Additional Information
- Dividend payment will be made only through electronic mode as per SEBI (LODR) (Fifth Amendment) Regulations, 2025
- Statutory Auditors ASA & Associates LLP continue their term till 22nd AGM in 2027
- ESOP 2024 plan will be automatically adjusted for the subdivision
- No proxy facility available due to virtual meeting
- Institutional shareholders must submit authorization documents to scrutinizer
Scrutinizer's Role
Sri. M D Selvaraj will scrutinize the voting process, prepare a combined report of votes cast within 2 working days of AGM conclusion, and the results will be declared promptly and posted on company website and stock exchange platforms.