Meeting Details

The 113th Annual General Meeting will be held on Wednesday, 5th August 2026 at 12:30 P.M. through Video Conferencing/Other Audio-visual Means. The Registered Office at 30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mumbai-400011 is deemed to be the venue.

Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements and Reports: To receive, consider and adopt the Audited Financial Statements (including audited Consolidated Financial Statements) for the financial year ended 31st March 2026 and Reports of Directors and Auditors.

2. Appointment of Director: To appoint a Director in place of Shri Nandan Damani (DIN-00058396) who retires by rotation and offers himself for reappointment.

Special Business:

3. Re-appointment of Shri Nandan Damani as Managing Director: Special Resolution for re-appointment as Chairman and Managing Director for three years from 29th June 2026 to 28th June 2029. Remuneration package includes:

  • Basic Salary: ₹3,08,667 per month
  • House Rent Allowance: ₹1,54,333 per month
  • Additional perquisites: Medical benefits, LTA, club memberships, gratuity, leave encashment, company car with maintenance
  • Commission based on net profits subject to Section 198 limits
  • Minimum remuneration payable if profits inadequate

4. Re-appointment of Shri Sanjay N Damani as Joint Managing Director: Special Resolution for re-appointment as Executive Director for three years from 1st June 2026 to 31st May 2029. Remuneration package includes:

  • Basic Salary: ₹71,667 per month
  • House Rent Allowance: ₹38,333 per month
  • Additional perquisites similar to Nandan Damani
  • Commission based on net profits subject to Section 198 limits
  • Minimum remuneration payable if profits inadequate

5. Appointment of Ms. Geeta Prabhakaran as Director: Ordinary Resolution for appointment as Non-Executive Director. She was appointed as Additional Director (Non-Executive) with effect from 20th May 2026 and represents Life Insurance Corporation of India.

6. Appointment of Smt. Sita Sunil as Independent Director: Special Resolution for appointment as Non-Executive Independent Director for first term of five years from 20th May 2026 to 19th May 2031.

7. Revision in remuneration of Smt. Sandhya R Kini: Special Resolution to revise salary from ₹71,500 to ₹76,500 per month effective 1st April 2026 for the unexpired period of her term ending 20th October 2027.

Financial Performance Context

The explanatory statement discloses financial performance indicators for FY 2025-26:

  • Finance Costs: ₹28.59 lakhs
  • (Loss)/Profit before Exceptional Item and Tax: (₹47.36) lakhs
  • (Loss)/Profit before Tax: (₹47.36) lakhs
  • Total Comprehensive Income/(Expense): (₹359.21) lakhs

The company noted that profit after tax reduced primarily due to reversal of Deferred Tax Assets arising from lapse of brought-forward losses.

Voting Arrangements

The company has appointed Shri Binit Kumar (Practicing Company Secretary) as Scrutinizer. Remote e-voting period: 2nd August 2026 (9:00 AM) to 4th August 2026 (5:00 PM) through NSDL. Voting rights proportional to shareholding as on record date of 29th July 2026.

Book Closure

Register of Members and Transfer Books will be closed from 30th July 2026 to 5th August 2026 (both days inclusive) for AGM purposes.

Dividend Information

No unclaimed dividends for current financial year 2025-26. Unclaimed dividends for financial years 2021-2022, 2022-2023 and 2023-2024 are available for claim. Unclaimed dividend for 2021-2022 due for transfer to IEPF on 2nd September 2029.