Key Dates and Logistics

  • AGM Date: Wednesday, 19 August 2026
  • Time: 11:00 a.m. IST
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • E-voting Period: Commences 9:00 a.m. IST on Sunday, 16 August 2026 and ends 5:00 p.m. IST on Tuesday, 18 August 2026.
  • Cut-off Date: Wednesday, 12 August 2026 (for determining members eligible to vote)
  • Deemed Venue: Registered Office at 'Satyalaya', Palace Road, Sandur, Ballari District, Karnataka - 583 119

Ordinary Business Agenda

1. Adoption of Financial Statements: To receive, consider, and adopt the audited standalone and consolidated financial statements for the financial year ended 31 March 2026, along with the reports of the Board of Directors and Auditors.

2. Declaration of Final Dividend: To declare a final dividend of ₹0.50 per equity share (face value ₹10 each) for FY 2025-26.

  • Record Date: 12 August 2026
  • Payment Date: On or after Friday, 21 August 2026

3. Re-appointment of Director: To re-appoint Mr. Mohammed Abdul Saleem (DIN: 00061497) as a Director liable to retire by rotation.

Special Business Agenda

4. Appointment of T. R. Raghunandan as Independent Director (Special Resolution): To appoint Mr. T. R. Raghunandan (DIN: 03637265) as a Non-Executive Independent Director for a term of 5 years from 9 July 2026 to 8 July 2031. He will continue as Chairman of the Company and the Board. He will be entitled to sitting fees and commission as approved by the Board.

5. Appointment of Pankajam Sridevi as Director (Ordinary Resolution): To appoint Ms. Pankajam Sridevi (DIN: 06783360) as a Director. She was appointed as an Additional Director by the Board effective 10 July 2026.

6. Appointment of Pankajam Sridevi as Independent Director (Special Resolution): To appoint Ms. Pankajam Sridevi as a Non-Executive Independent Director for a term of 5 years from 10 July 2026 to 9 July 2031. She will be entitled to sitting fees and commission as approved by the Board.

7. Ratification of Cost Auditor Remuneration (Ordinary Resolution): To ratify the remuneration of ₹3,00,000 (plus applicable taxes and out-of-pocket expenses) payable to M/s. Kamalakara & Co. (Firm Registration No. 000296) for conducting the cost audit for FY 2026-27.

Director Profiles and Details

  • Mohammed Abdul Saleem (DIN: 00061497): A B.Com and LLB graduate and a Fellow Member of ICSI. He has over 29 years of experience, including 24 years in senior management. He holds 1,332 shares in the company.
  • T. R. Raghunandan (DIN: 03637265): A former IAS officer (1983 batch) with over 26 years of experience in civil service. He is a consultant on anti-corruption and decentralized governance. He holds 54,864 shares in the company.
  • Pankajam Sridevi (DIN: 06783360): A transformational leader with 35 years of expertise in manufacturing, technology, and banking. She was formerly the Managing Director of Commonwealth Bank of Australia (India). She holds no shares in the company. She also serves as a Director on the board of IDFC First Bank Limited.

Shareholder Information and Instructions

  • E-voting: Provided through National Securities Depository Limited (NSDL). Login credentials are based on DP ID/Client ID (for demat holders) or EVEN number + Folio number (for physical holders).
  • Dividend Payment:
  • Mandated to be paid electronically for all shareholders.
  • Physical holders must ensure folio is KYC compliant with updated PAN, bank details, and nomination by 12 August 2026.
  • TDS will be deducted as per Income-tax Act provisions.
  • AGM Participation: Members can join the VC/OAVM 15 minutes before the meeting via the NSDL e-voting platform. A facility is available for up to 1,000 members on a first-come-first-served basis.
  • Scrutinizer: Mr. T. Sathya Prasad Yadav, Practicing Advocate, has been appointed to scrutinize the e-voting process.

Financial Impact

  • The dividend declaration represents a cash outflow, subject to shareholder approval.
  • The remuneration for the cost auditor is quantified at ₹3 lakh plus taxes and expenses.
  • The remuneration for the proposed Independent Directors is not quantified in the disclosure and will be determined by the Board within statutory limits (sitting fees and profit-related commission).