Meeting Details
The 71st Annual General Meeting was held on Wednesday, September 30, 2026 at 01:30 P.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with MCA Circulars (General Circular No. 14/2020 and subsequent circulars including General Circular No. 03/2025), SEBI Listing Regulations, Secretarial Standard SS-2, and other applicable laws. The deemed venue was the registered office at South India House, 73, Armenian Street, Chennai, Tamil Nadu-600001.
Attendance and Quorum
61 members attended the AGM. The requisite quorum was present, and the Chairman declared the meeting in order.
Attendees
Directors and Key Managerial Personnel:
- Mr. Satishkumarreddy Mulamreddy - Independent Director & Chairman of the Company, Chairman of the audit committee
- Mr. Seshadri Rajappan - Whole-time director of the company
- Mr. Sharad Kumar - Non-Executive-Independent director & Chairman of Nomination & Remuneration Committee
- Mr. Vaithialingam Thanigachellam Doraivelkrishnan - Chief financial officer
- Mr. Neeraj - Company secretary and Compliance Officer
Other Dignitaries:
- Mr. Rajeswaran - Representative of M/s. SRSV & Associates Statutory Auditor
- Ms. Madura Ganesh - Representative of M/s. SRSV & Associates Statutory auditor
- Mr. Rajagopalan Kannan - Representative of M/s. KRA & Associates Secretarial Auditor and Scrutinizer
- Mr. K. Rajavel - Chief Financial Officer of Material Subsidiary Company
- Mr. Kumar Aushij - Chief Financial Officer of the Ultimate Holding Company
Resolutions Proposed
Four resolutions were put to vote for shareholder approval:
Ordinary Business:
1. To consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the board of directors and statutory auditor thereon (Ordinary Resolution)
2. To appoint a director in place of Mr. Sanjay Mawar (DIN: 00303822), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment (Ordinary Resolution)
3. To appoint M/s. CNGSN & Associates LLP, Chartered Accountants as statutory auditor of the Company and fix their remuneration (Ordinary Resolution)
Special Business:
4. To approve the remuneration payable to Mr. Sharad Kumar (DIN: 11286544), non-executive and independent director of the Company, exceeding fifty percent of the total annual remuneration payable to all non-executive directors of the Company for the financial year 2026-27 (Special Resolution)
Voting Process
CDSL provided the facility of remote e-voting and participation during the AGM through VC/OAVM. M/s. KRA & Associates, Practicing Company Secretaries, was appointed to scrutinize the e-voting process and provide their report on the results of votes cast. The e-voting window remained active for 15 minutes after the conclusion of the AGM.
Financial Performance Highlights
The Chairman highlighted FY 2025-26 as a year of strong transformation and growth. Key financial achievements included:
- Revenue: ₹3,857 million
- EBITDA: ₹783 million
- Profit: ₹492 million
Business Updates
The Company strengthened its mining logistics, CFS, warehousing, and integrated logistics businesses. Key milestones included the successful ₹930 million rights issue and the commencement of the Chennai Multi-Modal Logistics Park.
Future Outlook
The Company remains focused on sustainable growth, operational excellence, technology-led integration, strong governance, and creating long-term value for shareholders.
Compliance and Scrutinizer Arrangements
Statutory Registers and other information were made available electronically for inspection by members during the AGM. The voting results were to be placed on the company website within prescribed timelines and simultaneously communicated to the Stock Exchanges.
Meeting Conclusion
The AGM concluded at 01:45 P.M. after shareholders were given opportunity to express views and ask questions.