Meeting Details

  • Date: Monday, 28th September 2026
  • Time: 2:00 PM to 2:41 PM (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type: 55th Annual General Meeting
  • Facilitator: Central Depository Services (India) Limited (CDSL)
  • Live Streaming: Available through the company's website

Attendance

  • Chairman: Mr. Ashwin C Muthiah chaired the meeting
  • Directors Present: All directors were present except Mr. Debendranath Sarangi, IAS (Retd.), Independent Director and Mr. P Sankar, IAS, Nominee Director of TIDCO who were unable to join due to official commitments/unavoidable reasons
  • Other Attendees: Chairperson of all committees (Audit, Nomination and Remuneration, Stakeholders' Relationship, Risk Management, Corporate Social Responsibility), Company Secretary, Chief Financial Officer, Statutory Auditors, Cost Auditors, Internal Auditors, Secretarial Auditors, the Scrutinizer for the Meeting, and Management Team
  • Quorum: Requisite quorum was present throughout the meeting

Resolutions Proposed

The following resolutions were put to vote through Remote E-voting:

1. Ordinary Resolution: Adoption of Audited Financial Statements (both Standalone and Consolidated) for the financial year ended 31st March 2026 along with Reports of Board of Directors and Auditors

2. Ordinary Resolution: Declaration of Dividend of ₹2.00 per equity share of ₹10/- each for the financial year ended 31st March 2026

3. Ordinary Resolution: Appointment of Ms. Devaki Muthiah Chardon (DIN: 10073541), retiring by rotation, as Director

4. Ordinary Resolution: Appointment of Thiru. P Sankar, IAS (DIN: 05125853) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited

5. Ordinary Resolution: Appointment of Thiru. Sanket Balvantrao Waghe, IAS (DIN: 11865401) as Nominee Director representing Tamilnadu Industrial Development Corporation Limited

6. Ordinary Resolution: Approval and Ratification of payment of remuneration to M/s. B Y and Associates, Chennai, Cost Auditors for Financial Year 2026-27 pursuant to Section 148 of Companies Act, 2013

7. Special Resolution: Re-appointment of Mr. T K Arun (DIN: 02163427) as an Independent Director

8. Special Resolution: Approval for revision in Remuneration to Mr. K R Anandan (DIN: 00314502), Whole-Time Director for Financial Year 2025-26

9. Special Resolution: Approval for payment of Special Incentive to Mr. K R Anandan, Whole-Time Director (DIN: 00314502) for Financial Year 2025-26

Voting Process

  • Method: Remote E-voting facilitated by Central Depository Services (India) Limited (CDSL)
  • Additional Voting: Members attending the meeting who hadn't voted remotely could cast votes during the meeting, with voting closing 15 minutes after meeting conclusion
  • Results Timeline: Final results of E-voting to be announced within prescribed regulatory timelines under relevant Regulations/Companies Act, 2013
  • Result Availability: Results will be available on Company website, National Stock Exchange website, and CDSL E-voting website
  • Effective Date: Resolutions deemed passed as of 28th September 2026

Chairman's Address

The Chairman presented on:

  • Developments during 2025-26 and up to meeting date
  • Outlook of India's Fertilizer Industry
  • Challenges for Agriculture/Fertilizer Sector
  • Financial, Operational and other Performance
  • Update on Urea Modernisation Project
  • Dividend proposal
  • Environmental, Social and Governance (ESG) initiatives
  • Safety aspects
  • Human Resource Development and Succession Planning Initiatives
  • Digital transformation
  • Relationship with the Community
  • Corporate Social Responsibility activities

Auditor Reports

There were no adverse observations or remarks in the Reports of the Statutory Auditors.

Shareholder Participation

  • Three members registered to speak at the meeting
  • Queries were clarified by the Chairman, Whole-time Director, and Company Secretary

Compliance Statement

The meeting was conducted in compliance with relevant Circulars of the Ministry of Corporate Affairs and SEBI requirements.