AGM Details
The 31st Annual General Meeting is scheduled to be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) on Friday, September 18, 2026 at 10:00 a.m. IST. The deemed venue for the AGM is the Registered Office of the Company at 133, 133/1, Gandhiji Road, Erode - 638 001, Tamil Nadu, India.
Document Dispatch
The Annual Report for financial year 2025-26 along with the Notice of AGM was dispatched to all eligible shareholders on August 26, 2026 through email only. Physical copies will be sent only to shareholders who make a valid request and have not registered their email IDs.
Business Items
Ordinary Business:
1. To receive, consider and adopt standalone and consolidated Annual Financial Statements including Statement of Profit and Loss, Statement of Cash Flows for FY ended March 31, 2026, Balance Sheet, and Reports of Board of Directors and Auditors
2. To declare a final dividend of ₹1.25 (One rupee twenty five paise only) per equity share of face value ₹5 each for FY 2025-26
3. To appoint a Director in place of Mrs. S Kumutaavalli (DIN: 00002390) who retires by rotation and offers herself for re-appointment
Special Business:
4. Increase Authorised Share Capital: To increase authorised share capital from current level to ₹50,00,00,000 (Fifty Crore) divided into 10,00,00,000 (Ten Crore) equity shares of ₹5 each, requiring amendment to Clause V of Memorandum of Association
5. Alteration to Articles of Association: Special resolution to amend Article 4 of Articles of Association to reflect the increased authorised share capital
6. Amendment to Articles: Special resolution to insert new Article 103(a) creating honorary position of 'Chairman Emeritus' for former Chairmen, Directors, Promoters or distinguished persons who rendered exceptional services
7. Appointment of Chairman Emeritus: Special resolution to appoint Mr. SKM Maeilanandhan (DIN: 00002380) as 'Chairman Emeritus' with effect from June 25, 2026. The position is honorary with no executive powers, management authority or voting rights. He may be paid remuneration, commission, honorarium, allowances, perquisites and other benefits as determined by the Board, along with office space, secretarial assistance, and reimbursement of business expenses.
8. Increase Borrowing Powers: Special resolution to authorize Board to borrow money up to ₹1,000 Crore (Rupees Thousand Crore Only), exceeding the aggregate of paid-up share capital, free reserves and securities premium of the Company
Record Date and Book Closure
The Record Date for determining entitlement to dividend is Friday, September 11, 2026. The Register of Members and Share Transfer Books will remain closed from Saturday, September 12, 2026 to Friday, September 18, 2026 (both days inclusive).
Dividend Payment
The dividend on declaration will be paid on or before October 17, 2026 electronically to members who have updated bank details with their Depository Participants or with Company/RTA. Dividend is subject to tax deduction at source under Income Tax Act, 1961 as amended by Finance Act, 2020.
E-Voting Arrangements
NSDL has been engaged for providing e-voting facilities and VC/OAVM facility. The remote e-voting period begins on September 15, 2026 at 9:00 a.m. and ends on September 17, 2026 at 5:00 p.m. The cut-off date for determining eligibility for e-voting is September 11, 2026.
Voting Rights
Voting rights shall be in proportion to shareholders' paid-up equity share capital as on September 11, 2026.
Financial Impact
The dividend declaration represents a cash outflow subject to tax deduction. The borrowing limit increase to ₹1,000 crore provides enhanced financial flexibility. The capital increase to ₹50 crore enables future equity issuances and corporate actions.