The 39th AGM was held on Friday, 11th September 2026, commencing at 11:00 a.m. and concluding at 11:57 a.m. IST. The meeting was conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) from the company's Registered Office in Raichur, Karnataka. An Insta-Poll for voting commenced immediately after the conclusion of the AGM and lasted for 15 minutes.

The total number of shareholders on the Record Date (4th September 2026) was 80,572. A total of 48 members were present through Video Conference.

Mr. Omprakash Inani, Chairman of the Company, chaired the meeting. Ms. Ritu Tiwary, Company Secretary, commenced the proceedings by introducing Board members, Key Managerial Personnel, Auditors, and Key Executives of the Company. The respective Chairpersons of the Audit Committee and Nomination & Remuneration Committee, Directors, Statutory Auditors, Secretarial Auditor, Scrutinizer, and Chief Financial Officer were all present at the AGM.

With requisite quorum present, the meeting proceeded as follows:

  • The Notice of the 39th AGM, Directors Report along with annexures, and the Financial Statements for the year ended 31 March 2026, along with the Statutory Auditors' Report and Secretarial Auditor Report, were taken as read. Both the Statutory Auditors' and Secretarial Auditor's reports were unqualified and contained no adverse observations or comments.
  • The Chairman, Mr. Omprakash Inani, delivered a speech addressing the company's performance and key contributions.
  • The Managing Director, Mr. Vishnukant Chaturbhuj Bhutada, followed with a speech on the company's outlook and future plans.
  • Members who had not voted during the remote e-Voting period were informed they could cast their votes via the Insta-Poll within 15 minutes of the AGM's conclusion.

The following five resolutions, as set out in the meeting notice, were transacted:

1. Ordinary Resolution: To receive, consider, and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended 31 March 2026, together with the report of the board of directors and auditors thereon.

2. Ordinary Resolution: To declare a dividend of ₹0.60 per equity share for the financial year ended 31 March 2026.

3. Ordinary Resolution: To appoint a director in place of Mr. Sharath Reddy Kalakota (DIN: 03603460), who retires by rotation and, being eligible, offered himself for re-appointment.

4. Ordinary Resolution: Ratification of remuneration of Cost Auditors.

5. Ordinary Resolution: Payment of commission to Mr. Madhav Vishnukant Bhutada (DIN: 08222055), a Non-Executive Director of Shilpa Biologicals Private Limited, a Material Subsidiary.

A question-and-answer (Q&A) session was conducted, with Mr. Vishnukant Chaturbhuj Bhutada, Managing Director, addressing queries on behalf of the Board.

It was confirmed that the combined results of the remote e-voting and Insta-Poll voting, along with the Scrutinizer's Report, would be declared to the stock exchanges within the stipulated timeline and placed on the company's website. The resolutions, if passed, were to be considered effective from 11th September 2026.

The meeting concluded with a vote of thanks to the Chair, Directors, and members.