Meeting Details

  • Event: 46th Annual General Meeting
  • Date: Friday, 31st July, 2026
  • Time: Commenced at 11:00 A.M. IST, concluded at 11:35 A.M. IST (Duration: 35 minutes)
  • Mode: Conducted through Video Conference (VC) / Other Audio Visual Means (OAVM) without physical presence
  • Compliance Basis: General Circular No. 05/2025 dated September 22, 2025 issued by Ministry of Corporate Affairs (MCA) and SEBI circulars
  • Chairperson: Mr. Diwakar S Shetty, Executive Chairman
  • Attendance: 53 Members present through VC, including Corporate Holders. Quorum was present throughout the meeting.

Proceedings Summary

The Company Secretary confirmed compliance with Companies Act, 2013 and relevant circulars regarding virtual meeting facilities. Statutory registers and documents were made available for inspection upon email request.

The Chairman addressed members with operational highlights for Financial Year 2025-26. The Reports of the Statutory Auditors and Secretarial Auditors as published in the Annual Report 2026 were noted to contain no qualifications and were taken as read.

Agenda Items Considered

Ordinary Business

1. Adoption of Financial Statements: Received, considered, and adopted the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the reports of the Board of Directors and Auditors.

2. Director Re-appointment: Appointed Mr. Kartik Manohar Nayak (DIN: 00477686), Director who retires by rotation under Section 152 of Companies Act, 2013, and being eligible, offered himself for re-appointment.

3. Dividend Declaration: Declared a Dividend of Re. 1.00 (10%) per Equity Share of Rs. 10/- each for the financial year 2025-26.

Special Business

4. Re-appointment of Joint Managing Director: Re-appointed Mr. Kartik Nayak (DIN: 00477686) as Joint Managing Director of the Company.

5. Ratification of Cost Auditor Remuneration: Ratified the remuneration of the Cost Auditors of the Company for the Financial Year 2026-27.

Shareholder Engagement

Registered shareholders were invited to ask questions or express views. Queries were addressed by Chairman Mr. Diwakar S Shetty along with Mr. Praveen Mally (Joint Managing Director), Mr. Kartik Nayak (Joint Managing Director), and Mr. Vilas Dingre (Chief Financial Officer).

Voting Process

  • Facility for remote e-voting was made available to members prior to the meeting
  • E-voting through CDSL was provided during the AGM for members who had not cast votes through remote e-voting
  • E-voting facility remained open for 30 minutes after conclusion of the AGM (until approximately 12:05 P.M. IST)
  • Mr. Vijayakrishna KT was appointed as Scrutinizer to supervise the e-voting process
  • Voting results along with Scrutinizer's Report will be declared within two working days of meeting conclusion
  • Results will be intimated to BSE Limited and placed on Company's website and CDSL website as per Listing Regulations