Meeting Details

The 31st Annual General Meeting was convened on Friday, 18th September 2026, at 10:00 A.M. The meeting was held entirely through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Summary of Proposed Resolutions and Implications

Eight resolutions were proposed and passed at the meeting:

  • Item 1: Adoption of Financial Statements: Approval of the Audited Balance Sheet as at 31st March 2026, Statement of Profit and Loss, Cash Flow Statement, Consolidated Financial Statements, Directors' Report, and Auditors' Report.
  • Item 2: Declaration of Final Dividend: Declaration of a final dividend of ₹1.25 per share (25%) on equity shares of ₹5 each for FY25-26. The record date was set as 11th September 2026 for physical shareholders and 18th September 2026 for demat shareholders.
  • Item 3: Re-appointment of Director: Re-appointment of Smt. S Kumutaavalli as a Non-executive Director, who retired by rotation.
  • Item 4 & 5: Increase in Authorised Share Capital: Ordinary and Special Resolutions were passed to increase the company's Authorised Share Capital from ₹5 Crore to ₹50 Crore. This involved altering Clause V of the Memorandum of Association and Article No. 4 of the Articles of Association.
  • Item 6 & 7: Amendment to AOA & Appointment of Chairman Emeritus: Special Resolutions were passed to amend the Articles of Association to create a new honorary position of 'Chairman Emeritus' and to formally appoint Mr. SKM Maeilanandhan (DIN: 00002380) to this role effective 25th June 2026. The position is non-executive, carries no voting rights, and the Board is authorized to determine his remuneration and facilities.
  • Item 8: Increase in Borrowing Powers: A Special Resolution was passed authorizing the Board to borrow money up to a limit of ₹1000 Crore, superseding all previous borrowing resolutions.

Voting Process

The company provided a facility for remote e-voting prior to the meeting. Members who had not voted remotely were able to cast their votes through an e-voting facility made available during the AGM. A Scrutinizer was appointed to scrutinize all votes cast (both remote and during the meeting).

Key Voting Outcomes

As per the Scrutinizer's Report dated 18th September 2026, all resolutions contained in the notice of the 31st AGM were passed with the requisite majority. The specific vote counts and percentage breakdowns by shareholder category were not provided in the minutes.

Scrutinizer's Role

The Scrutinizer was responsible for scrutinizing the entire voting process (remote e-voting and voting during the AGM) and submitting a report to the Chairman. The report confirmed the passage of all resolutions.

Compliance Confirmation

The meeting was conducted in accordance with the applicable provisions of the Companies Act, 2013, the rules made thereunder, the applicable SEBI Listing Regulations, and the applicable Secretarial Standards.

Attendance

Directors Present: 7 directors attended via VC/OAVM, including Shri SKM Shree Shivkumar (Chairman & MD), Shri SK Sharath Ram (Executive Director), Smt. S Kumutaavalli (Non-Executive Director), Shri GN Jayaram (Ind. Director), Shri TN Thirukumar (Ind. Director), Shri RR Sathiyamurthi (Ind. Director), and Shri K Vivekanandhan (Nominee Director - TIDCO).

Special Invitee: Shri SKM Maeilanandhan, Chairman Emeritus, was present.

Other Attendees: The Tax Auditor, Internal Auditor, Company Secretary in Practice, Secretarial Auditor, General Manager - Finance, DGM-Accounts, and Statutory Auditor were also present.

Members: 4 Promoters/Promoter Group shareholders and 53 public shareholders were present through VC/OAVM.

The meeting commenced at 10:00 A.M. and concluded at 10:51 A.M.