Meeting Details

The 31st Annual General Meeting was held on Tuesday, August 11, 2026, from 11:30 a.m. to 12:40 p.m. through Video Conference/Other Audio Visual Means. The deemed venue was the Registered Office at "Solar" House, 14, Kachimet, Amravati Road, Nagpur - 440023.

Attendance

  • Total shareholders as of record date (August 4, 2026): 1,18,272
  • Shareholders present via video conference: 65 (3 from promoter group, 62 others)
  • Board members present: Shri Satyanarayan Nuwal (Chairman), Shri Manish Nuwal (MD & CEO), Shri Suresh Menon (Whole-time Director), Shri Milind Deshmukh (Whole-time Director), Shri Ramesh Bhujang (Non-Executive Independent Director), Smt. Girija Balakrishnan (Non-Executive Independent Director), Shri Viswanathan Lakshmanan (Non-Executive Independent Director), Smt. Reena Jha Tripathi (Non-Executive Independent Director)
  • Auditors present: Representatives from S R B C & Co. LLP, Gandhi Rathi & Co., and Vinod Kothari and Co.

Voting Arrangements

  • Remote e-voting period: August 8, 2026 (9:00 a.m.) to August 10, 2026 (5:00 p.m.)
  • E-voting facility available during meeting for those who hadn't voted previously
  • Scrutinizer: Shri Tushar Pahade of M/s T S Pahade & Associates (FCS No.: 7784, COP No.: 8576)
  • Voting results to be disseminated to stock exchanges and company website within 2 working days

Business Transactions

The following resolutions were considered and approved:

Ordinary Business:

1. Adoption of Audited Financial Statements (Standalone & Consolidated) for FY ended March 31, 2026, with Reports of Board of Directors and Auditors - Ordinary Resolution

2. Declaration of final dividend of ₹11 (Rupees Eleven Only) per equity share for FY ended March 31, 2026 - Ordinary Resolution

3. Appointment of Shri Milind Deshmukh (DIN: 09256690) as Director who retires by rotation - Ordinary Resolution

Special Business:

4. Re-appointment of Shri Milind Deshmukh (DIN: 09256690) as Whole-time Director and revision in terms of his remuneration - Ordinary Resolution

5. Appointment of Smt. Reena Jha Tripathi (DIN: 11022528) as Independent Director - Special Resolution

6. Alteration of Articles of Association of the Company - Special Resolution

7. Ratification of Cost Auditor's Remuneration for FY ending March 31, 2026 - Ordinary Resolution

Chairman's Address

Shri Satyanarayan Nuwal highlighted the company's FY25-26 performance including growth in revenue, profitability and EBITDA margins. He outlined key strategic initiatives, business outlook, focus on sustainable growth, commitment to CSR, safety, innovation, and corporate governance standards.

Shareholder Interaction

Total 7 shareholders registered as speakers, with 5 shareholders speaking/raising queries on financial performance, future prospects and other relevant matters. Management provided necessary clarifications/responses.

Meeting Conclusion

The meeting concluded at 12:40 p.m. after being open for 15 minutes for e-voting completion.