AGM Details

The 3rd Annual General Meeting will be held on Thursday, July 2, 2026 at 11:30 AM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue is the Registered Office of the Company at No.21/1 & 35-A-1, Hosur Main Road, Electronic City, Veerasandra, Bengaluru-560100.

Ordinary Business Items

Item No. 1: Adoption of Financial Statements

To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

Item No. 2: Declaration of Final Dividend

To declare a final dividend of ₹5 per equity share (face value ₹10 each) for FY ended March 31, 2026 as recommended by the Board.

Item No. 3: Re-appointment of Director

To re-appoint Mr. C. Ravikumar (DIN: 01247347) as Whole-time Director who retires by rotation. He holds 72,500 equity shares and is not related to any other director/KMP.

Item No. 4: Appointment of Secretarial Auditor

To appoint Mr. K. Jayachandran (M. No. 11309, C.P No. 4031) as Secretarial Auditor for 5 years from FY2026-27 to FY2030-31. Fee approved for FY2026-27 is ₹3,30,000 for Secretarial Audit plus ₹1,00,000 for Secretarial Compliance Report, excluding taxes and out-of-pocket expenses.

Special Business Items

Item No. 5: Remuneration Increase for Managing Director

To approve increase in remuneration of Mr. Sukumar Srinivas (DIN: 01668064), Managing Director:

  • Fixed Salary: ₹1,24,20,000 per annum
  • Perquisites included in above salary: PF (up to 12% of salary), gratuity, leave encashment
  • Minimum remuneration payable even in case of loss/inadequate profits
  • Current remuneration: ₹1,17,81,000 per annum
  • Mr. Dhananjay Mirlay Srinivas is his immediate relative

Item No. 6: Remuneration Increase for Whole-time Director

To approve increase in remuneration of Mr. C. Ravikumar (DIN: 01247347), Whole-time Director:

  • Fixed Salary: ₹78,00,000 per annum
  • Perquisites included in above salary: PF (up to 12% of salary), gratuity, leave encashment
  • Minimum remuneration payable even in case of loss/inadequate profits
  • Current remuneration: ₹70,84,205 per annum
  • Not related to any other director/KMP

Item No. 7: Remuneration Increase for Whole-time Director

To approve increase in remuneration of Mr. Dhananjay Mirlay Srinivas (DIN: 09108483), Whole-time Director:

  • Fixed Salary: ₹40,20,000 per annum
  • Perquisites included in above salary: PF (up to 12% of salary), gratuity, leave encashment
  • Minimum remuneration payable even in case of loss/inadequate profits
  • Current remuneration: ₹28,21,668 per annum
  • Mr. Sukumar Srinivas is his immediate relative

Financial Performance Highlights (Standalone)

  • FY2025-26 Total Income: ₹682.61 crore
  • FY2025-26 Total Expenses: ₹665.03 crore
  • FY2025-26 Profit before tax: ₹17.32 crore
  • FY2025-26 Profit after tax: ₹12.76 crore
  • FY2024-25 Total Income: ₹526.86 crore
  • FY2024-25 Total Expenses: ₹516.76 crore
  • FY2024-25 Profit before tax: ₹10.11 crore
  • FY2024-25 Profit after tax: ₹7.82 crore

Record Date and Book Closure

The Register of Members and Share Transfer Books will remain closed from Thursday, June 25, 2026 to Thursday, July 2, 2026 (both days inclusive) for determining dividend entitlement and AGM voting rights.

Voting Arrangements

  • Remote e-voting period: June 29, 2026 (9:00 AM) to July 1, 2026 (5:00 PM)
  • Cut-off date for voting eligibility: June 24, 2026
  • Scrutinizer: Mr. S. Kannan, Practicing Company Secretary
  • Results to be announced within 2 working days of AGM conclusion

Dividend Payment Instructions

  • TDS applicable on dividend income as per Finance Act provisions
  • Unclaimed dividends after 7 years will be transferred to IEPF
  • Members must update bank mandates for electronic dividend payment
  • Physical shareholders must submit Form ISR-1 and ISR-2 with supporting documents

Additional Information

  • Company operates as omni-channel marketplace for building and construction products
  • Commenced commercial operations in 2023
  • No foreign investments or collaborations as of March 31, 2026
  • AGM will be conducted via VC/OAVM pursuant to MCA and SEBI circulars
  • KFin Technologies Limited appointed as RTA and e-voting service provider