Key Quantitative Figures

The Board recommended a final dividend of ₹1 per equity share for the financial year ended March 31, 2026.

Dates of Action

The Board meeting was held on August 31, 2026, commencing at 4:30 PM and concluding at 6:30 PM.

The 38th Annual General Meeting (AGM) is scheduled to be held on September 30, 2026, at 12:00 NOON (IST).

The Register of Members and Share Transfer Books will be closed from Wednesday, September 23, 2026, to Wednesday, September 30, 2026 (both days inclusive) for the AGM.

Parties Involved

The Board proposed several appointments and re-appointments for shareholder approval at the ensuing AGM:

  • Re-appointment of Directors retiring by rotation: Mr. Srinath Reddy Nalla (DIN: 00052862) and Mr. Bhoopal Reddy Aleti (DIN: 00043263).
  • Appointment of New Independent Director: Mr. Sudhakar Chittepu (DIN: 11899304) for a term of 5 years, from August 31, 2026, to August 30, 2031. His profile notes 14 years of experience in Statutory Audit, Taxation, Accounting, Financial Reporting, and Regulatory Compliance.
  • Re-appointment of Managing Director: Mr. Kishan Reddy Nalla (DIN: 00038966) for a term of 5 years, effective from November 14, 2026, to November 13, 2031. His profile cites extensive experience and leadership capabilities.
  • Continuation of Whole-time Director: Proposal for Mr. Bhoopal Reddy Aleti (DIN: 00043263) to continue in his role after attaining the age of 70, for the remainder of his existing term up to September 30, 2028. His profile notes technical and production expertise.
  • Re-Designation of Chairman: Mr. Amarnath Narsing Rao Basha (DIN: 11257312) is proposed to be re-designated from Independent Director to Chairman of the Company, effective October 1, 2026.

Scrutinizer Appointment: Mr. R. Hariprasad Reddy, Proprietor of M/s. RHR & Associates, Practicing Company Secretaries, was appointed as the scrutinizer for the AGM voting process.

Financial Statements & Reports

The Board took note of the Auditors' Reports for the Standalone and Consolidated Financials for FY 2025-26, which contained an unmodified opinion.

The Board of Directors' Report for FY 2025-26 along with its annexures was approved.

Committee Reconstitution

The Board approved the reconstitution of the following committees, effective October 1, 2026:

  • Audit Committee
  • Nomination and Remuneration Committee