Key Dates and Event Details

  • AGM Date: Monday, 31st August, 2026 at 11:00 A.M.
  • Meeting Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Record Date: Monday, 24th August, 2026 (for determining members entitled to vote)
  • Remote e-Voting Period: Thursday, 27th August, 2026 (9:00 a.m. IST) to Sunday, 30th August, 2026 (5:00 p.m. IST)

Agenda Items

Ordinary Business

1. Consideration and adoption of Standalone and Consolidated Audited Financial Statements for year ended 31st March, 2026 with Reports of Board of Directors and Auditors

2. Declaration of dividend on equity shares

3. Re-appointment of Mr. Siddharth G. Mehra (DIN: 06454215) who retires by rotation

Special Business

4. Appointment of Mr. Ajay Reche (DIN: 11740121) as Whole-time Director until 30th September, 2030

5. Appointment of Mr. Siddharth G. Mehra as Joint Managing Director from 1st October, 2026 to 30th September, 2031

6. Ratification of remuneration payable to Cost Auditors for FY 2026-2027

Director Appointment Details

Mr. Ajay Reche (Item No. 4)

  • Appointment Date: 1st June, 2026 (as Additional Director)
  • Proposed Term: Until 30th September, 2030
  • Qualifications: B.Tech. in Agricultural Engineering; Post-graduate in Personnel Management & Industrial Relations from Tata Institute of Social Sciences
  • Experience: Over 29 years in Personnel Management, Industrial Relations, and Human Resource Development
  • Current Role: Head - Human Resources (since August 2019)
  • Shareholding: Holds no equity shares of the Company

Remuneration Package for Mr. Ajay Reche:

  • Basic Salary: ₹2,90,300 per month
  • House Rent Allowance: 100% of basic salary (₹2,90,300)
  • Education Allowance: ₹100 per month
  • Other Allowances: ₹1,93,822 per month
  • Performance Linked Incentive as per Company Policy
  • Medical/Accident Insurance as per Company Rules
  • Provident Fund contribution as per Rules
  • National Pension Scheme contribution as per Rules
  • Gratuity as per Rules
  • Leave entitlement and encashment as per Rules

Mr. Siddharth G. Mehra (Item No. 3 & 5)

  • Current Status: Whole-time Director (term expires 30th September, 2026)
  • Proposed New Role: Joint Managing Director from 1st October, 2026 to 30th September, 2031
  • Qualifications: Bachelor of Science in Technical Systems Management (University of Illinois); Masters Degree of Science in Management (London School of Economics)
  • Experience: Joined company in 2014-15 as Head - Business Development; Board member since July 2017
  • Shareholding: 4,26,745 equity shares
  • Board Meeting Attendance: Attended 4 meetings during FY 2025-2026

Remuneration Package for Mr. Siddharth G. Mehra:

  • Basic Salary: ₹2,60,000 per month with annual increases
  • Commission: 1% of net profits subject to Companies Act ceilings
  • House Rent Allowance: 100% of basic salary (₹2,60,000)
  • Education Allowance: ₹100 per month
  • Other Allowances: ₹1,67,040 per month
  • Performance Linked Incentive as per Company Policy
  • Medical/Accident Insurance as per Company Rules
  • Provident Fund contribution as per Rules
  • National Pension Scheme contribution as per Rules
  • Gratuity as per Rules
  • Leave entitlement and encashment as per Rules
  • Company car with driver salary reimbursement
  • Telephone facilities (personal long-distance calls billed)

Cost Auditor Appointment (Item No. 6)

  • Firm: Kishore Bhatia & Associates, Cost Accountants
  • Address: 701/702, 7th floor, D-Wing, Neelkanth Business Park, Nathani Road, Vidyavihar (West), Mumbai - 400086
  • Remuneration: ₹2,90,000 plus GST for FY 2026-2027
  • Additional: Reimbursement of travelling and other out-of-pocket expenses

Voting and Meeting Arrangements

  • Voting Mechanism: Remote e-voting through NSDL platform
  • Physical Attendance: Dispensed with due to VC/OAVM meeting
  • Facility Limit: 1000 Members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
  • Scrutinizer: MP & Associates, Company Secretaries
  • Results Disclosure: To be displayed on company website (www.savita.com) and NSDL website (www.nsdl.co.in) within two days of AGM

Additional Information

  • Green Initiative: Notice and Annual Report sent electronically to registered email addresses
  • Members can submit questions in advance to legal@savita.com
  • Members requested to update contact details and consolidate multiple folios
  • Director relationships: Mr. Siddharth G. Mehra is son of Mr. Gautam N. Mehra (Managing Director)