Meeting Details
- Date: Thursday, September 24, 2026
- Time: Commenced at 12:00 Noon IST and concluded at 12:56 P.M. IST
- Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) using facilities provided by CDSL
- Type: 41st Annual General Meeting
Proposed Resolutions and Implications
The AGM considered eight resolutions covering both ordinary and special business:
Ordinary Business
1. Adoption of audited standalone financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors
2. Adoption of audited consolidated financial statements for FY ended March 31, 2026, and Auditors' report
3. Declaration of final dividend for financial year 2025-26
4. Re-appointment of Shri Kishan N Parikh (DIN: 00453209) as Director retiring by rotation
Special Business
5. Re-appointment of Shri Ajay Relan as Whole Time Director designated as "Executive Chairperson"
6. Approval of payment of remuneration to Shri Ajay Relan in excess of threshold limits as per SEBI LODR Regulation 17(6)(e)
7. Payment of remuneration by way of commission to Shri Navin Paul, Non-Executive Independent Director
8. Ratification of remuneration to be paid to Gurdeep Singh & Associate, Cost Auditors
Voting Process and Methods
The voting process employed multiple methods:
- Remote e-voting: Provided through Central Depository Services (India) Limited (CDSL) to all members on the Register of Members or List of Beneficial Owners as of cut-off date Friday, September 18, 2026
- Remote e-voting period: Available from 9:00 A.M. on Monday, September 21, 2026, to 5:00 P.M. on Wednesday, September 23, 2026
- Live e-voting: Provided during the AGM through CDSL for members who had not exercised voting rights through remote e-voting
- Scrutinizer: Shri Vineet K. Chaudhary, Practising Company Secretary (with Shri Mohit K. Dixit as alternate) appointed to scrutinize the entire voting process
Key Voting Outcomes
The document does not contain specific voting results, percentages, or participation breakdowns by shareholder category. It states that combined results of remote e-voting and e-voting conducted during the AGM would be declared within prescribed time based on the Scrutinizer's Report and would be placed on the websites of the Company and CDSL and submitted to Stock Exchanges.
Scrutinizer's Role and Findings
The Scrutinizer was appointed to scrutinize the entire voting process of the 41st AGM in a fair and transparent manner. No specific findings or conclusions are provided in this document.
Compliance Confirmation
The meeting was conducted in compliance with applicable circulars and guidelines issued by regulatory authorities. The document references compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, but does not specifically mention the Companies Act.
Additional Proceedings Details
- Quorum: Requisite quorum was present at the meeting
- Attendance: Directors and dignitaries present included Mr. Ajay Relan (Executive Chairperson), Mr. Kishan N Parikh, Mr. Udayan Banerjee, Mr. Navin Paul, Mr. Ghan Shyam Dass (CFO), representatives from statutory auditors, secretarial auditors, and cost auditors
- Document availability: Register of Directors, KMP shareholding, contracts, charges and other documents were available for electronic inspection during AGM
- Q&A session: Speaker shareholders registered in advance were allowed to ask questions, which were answered by CFO Shri Ghan Shyam Dass
Additional Information
- Financial highlights mentioned: Strong growth driven by domestic automotive demand, lightweighting business expansion, export growth, emissions systems business strengthening, and technology partnership with Donghee Industrial Company Limited, South Korea
- Sustainability: Company's sustainability initiatives were highlighted during the meeting