Meeting Details

The 53rd Annual General Meeting was held on Thursday, 24th September 2026 through video conferencing/other audio-visual means (VC/OAVM). The meeting commenced at 11:30 AM and concluded at 12:10 PM.

Attendance

  • 46 members were present, including 9 Directors and the Company Secretary
  • Directors present: Mr. Kamal Kishore Sarda (Chairman), Mr. Pankaj Sarda (Managing Director), Mr. Padam Kumar Jain (Wholetime Director, CFO), Mr. Anant Sarda (Director), Mr. Amal Kumar Debnath (Independent Director), Mr. Binoy Sandip Parikh (Independent Director), Mr. Rajeev Sharma (Independent Director), Ms. Tripti Sinha (Independent Director), Mr. Upendra Prasad Singh (Independent Director)
  • Company Secretary Mr. Manish Sethi and statutory auditors/secretarial auditors were also present

Resolutions and Implications

Six resolutions were considered at the meeting:

Resolution 1: Ordinary Resolution

Approval of Audited Standalone Financial Statements for FY2025-26 and reports of Board of Directors and Auditors

Resolution 2: Ordinary Resolution

Approval of Audited Consolidated Financial Statements for FY2025-26 and reports of Auditors

Resolution 3: Ordinary Resolution

Declaration of dividend @ ₹2.00 (200%) per equity share of face value ₹1/- each for year ended 31st March 2026

Resolution 4: Ordinary Resolution

Re-appointment of Mr. Anant Sarda (DIN: 07908187) as Director who retires by rotation

Resolution 5: Ordinary Resolution

Ratification of payment of remuneration to M/s. S N and Co., Cost and Management Accountants, as Cost Auditors for FY2026-27

Resolution 6: Special Resolution

Approval to issue non-convertible debentures (NCDs) up to ₹1,000 crore through private placement or public issue within one year from AGM date

Voting Process and Methods

The Company provided remote e-voting facility from 21st September 2026 to 23rd September 2026. E-voting was also made available at the meeting for members who hadn't voted remotely. The meeting remained open for 15 minutes after conclusion for voting.

Key Voting Outcomes

Resolution 1: Adoption of Standalone Financial Statements

  • Total votes cast: 268,397,587
  • Votes in favor: 268,397,381 (99.9999%)
  • Votes against: 206 (0.0001%)
  • 270 members voted in favor, 6 against
  • No invalid votes

Resolution 2: Adoption of Consolidated Financial Statements

  • Total votes cast: 268,397,587
  • Votes in favor: 268,397,381 (99.9999%)
  • Votes against: 206 (0.0001%)
  • 270 members voted in favor, 6 against
  • No invalid votes

Resolution 3: Dividend Declaration

  • Total votes cast: 268,517,926
  • Votes in favor: 268,517,720 (99.9999%)
  • Votes against: 206 (0.0001%)
  • 272 members voted in favor, 6 against
  • No invalid votes

Resolution 4: Reappointment of Director

  • Total votes cast: 241,102,905
  • Votes in favor: 233,792,062 (96.9677%)
  • Votes against: 7,310,843 (3.0323%)
  • 187 members voted in favor, 86 against
  • Three members cast votes both in favor and against by bifurcating shares
  • No invalid votes

Resolution 5: Cost Auditor Remuneration

  • Total votes cast: 268,514,209
  • Votes in favor: 268,514,003 (99.9999%)
  • Votes against: 206 (0.0001%)
  • 270 members voted in favor, 6 against
  • No invalid votes

Resolution 6: NCD Issuance Approval

  • Total votes cast: 268,514,189
  • Votes in favor: 268,511,483 (99.9990%)
  • Votes against: 2,706 (0.0010%)
  • 267 members voted in favor, 8 against
  • No invalid votes

Scrutinizer's Report

The consolidated Scrutinizer's Report was submitted on 26th September 2026. The scrutinizer confirmed all resolutions were passed with requisite majority. The results were made available on the company's website and NSDL website.

Compliance Confirmation

The Company confirmed compliance with Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory registers were available for inspection by members.