Meeting Details

The 23rd Annual General Meeting was held on Friday, 14th August 2026, commencing at 01:00 p.m. IST and concluding at 02:05 p.m. IST. The meeting was conducted entirely through Video Conferencing / Other Audio Visual Means (VC / OAVM), with the deemed venue being the Registered Office of the Company.

Shareholder Participation

As of the cut-off date (7th August 2025), the total number of shareholders was 73,015. A total of 64 shareholders attended the meeting through VC / OAVM. The facility to appoint a proxy was not available for this virtual AGM. The requisite quorum as required under Section 103 of the Companies Act, 2013 was present.

Attendees

Directors Present:

  • Mr. Ramprakash V. Bubna (Chairman & Managing Director) - Joined from Mumbai
  • Mrs. Sharda R. Bubna (Whole-Time Director) - Joined from Mumbai
  • Ms. Sonal Desai (Independent Director) - Joined from Mumbai
  • Mr. H. S. Upendra Kamath (Independent Director) - Joined from Bangalore
  • Mr. Shalin S. Divatia (Independent Director) - Joined from Mumbai
  • Mr. Ashish R. Bubna (Whole-Time Director) - Joined from Mumbai
  • Mr. Manish R. Bubna (Whole-Time Director) - Joined from Mumbai

Mr. Vinod Kumar Kathuria (Independent Director) was absent due to another commitment.

Key Managerial Personnel Present:

  • Mr. Shailesh A. Mehendale (Chief Financial Officer) - Joined from Mumbai
  • Mr. Jetkin Gudhka (Company Secretary & Compliance Officer) - Joined from Mumbai

Auditors Present:

  • M/s. B S R & Co. LLP (Statutory Auditors): Mr. Burjis Pardiwala (Partner) and Mr. Sanket Shinde (Manager) - Joined from Mumbai
  • M/s. JMJA & Associates LLP (Secretarial Auditors): Mr. Jigar Shah (Partner) - Joined from Mumbai

Summary of Proposed Resolutions and Implications

Four ordinary resolutions were proposed and passed:

1. Adoption of Audited Standalone Financial Statements

Resolution: To receive, consider, and adopt the audited standalone financial statements for the year ended 31st March 2026, together with reports of the Board of Directors and Auditors.

2. Adoption of Audited Consolidated Financial Statements

Resolution: To receive, consider, and adopt the audited consolidated financial statements for the year ended 31st March 2026, together with the report of the Auditors.

3. Declaration of Final Dividend

Resolution: To declare a final dividend at the rate of ₹9.00 per equity share for FY 2025-26, pursuant to Section 123(3) of the Companies Act, 2013.

4. Re-appointment of Director

Resolution: To re-appoint Mr. Ashish R. Bubna (DIN: 00945147) as a Director, who retired by rotation pursuant to Section 152 of the Companies Act, 2013 and Articles of Association.

Voting Process and Methods

The voting process was conducted through two methods:

1. Remote E-Voting: Provided by KFin Technologies Limited (Registrar). The voting period opened on Tuesday, 11th August 2026 at 9:00 A.M. IST and concluded on Thursday, 13th August 2026 at 5:00 P.M. IST.

2. E-Voting During AGM: Available for members present at the meeting who had not cast their votes through remote e-voting. The window remained open for an additional 15 minutes during the meeting.

Scrutinizer Appointment

Mr. Jigar Shah from M/s. JMJA & Associates LLP, Practicing Company Secretaries, Mumbai, was appointed as the scrutinizer to scrutinize both the remote e-voting and e-voting during the AGM in a fair and transparent manner.

Voting Results Disclosure

The document notes that the voting results for the resolutions were not available at the time of this disclosure. The results, along with the Scrutinizer's report, were to be declared within 2 working days of the conclusion of the AGM and would be placed on the Company's website and the websites of the Stock Exchanges.

Compliance Confirmation

The meeting was conducted in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility for virtual meeting was arranged in compliance with directions from the Ministry of Corporate Affairs and SEBI.