Meeting Details

  • Meeting Date: Tuesday, September 22, 2026
  • Time: 11:00 AM IST
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered Office of the Company

Ordinary Business Agenda

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Balance Sheet as at March 31, 2026, Profit and Loss Account, Cash Flow Statement for the year ended March 31, 2026, together with Directors' report and Auditors' report.

2. Dividend Declaration

To declare dividend on Equity shares for financial year 2025-26 of ₹0.50 per equity share (5%) of face value of ₹10 each for the year ended March 31, 2026.

3. Director Re-appointment

To appoint Shri Saripalli Monish (DIN: 10217575) who retires by rotation and seeks re-appointment. The Board recommends his re-appointment based on performance and recommendation of nomination and remuneration committee.

Special Business Agenda

4. Ratification of Cost Auditor Remuneration

To ratify the remuneration of ₹60,000 (Rupees Sixty thousand only) plus out of pocket expenses payable to Mr. Penumurthy Srinivas (Membership No. 21170), Cost Accountant in practice, as Cost Auditor for the Financial Year 2026-2027. The Board had fixed this remuneration at their meeting held on May 29, 2026 based on Audit Committee recommendation.

Record Date and Share Transfer Book Closure

  • Record Date (Cut-off Date): Tuesday, September 15, 2026
  • Share Transfer Book Closure: September 16, 2026 to September 22, 2026 (both days inclusive)

Voting Arrangements

  • Remote e-Voting Period: September 18, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
  • e-Voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Shri VBSS Prasad, Practicing Company Secretary (M. No. F4139, COP No. 4605)
  • Proxy Facility: Not available for this VC/OAVM meeting

Dividend Payment Information

  • Dividend will be paid to eligible shareholders as on record date (September 15, 2026)
  • Mandatory electronic dividend payment to bank accounts
  • TDS applicable as per Income-tax Act, 1961:
  • Resident shareholders: 10% with PAN, 20% without PAN or for specified persons
  • No TDS if dividend does not exceed ₹5,000 for resident individuals
  • Non-resident shareholders: 20% plus applicable surcharge and cess, with DTAA benefits available upon submission of required documents
  • Documents for TDS determination must be submitted to RTA by September 22, 2026

Director Re-appointment Details

Shri Saripalli Monish (DIN: 10217575)

  • Age: 31 years (DOB: April 12, 1995)
  • Qualification: B.Tech (Mechanical)
  • Experience: 9+ years in business administration, marketing, and managing workers and distributors
  • Relationships: Son of Shri Saripalli Kishore (Wholetime Director), Nephew of Shri Saripalli Karunakar (Chairman & Managing Director)
  • Other Directorships: No other listed entities

Shareholder Services Information

  • RTA: M/s XL Softech Systems Limited, Hyderabad
  • Unclaimed Dividends: Dividends up to FY2017-18 transferred to IEPF
  • Dematerialization Mandatory: All securities transfers must be in dematerialized form
  • KYC Requirements: Mandatory PAN, KYC details and nomination registration for physical shareholders

Green Initiative

Members requested to register/update email addresses for electronic communication