Meeting Details

  • Date: Tuesday, 18th August, 2026
  • Time: 3:00 P.M. to 4:00 P.M.
  • Mode: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Location: Virtual meeting conducted from various locations
  • Chairperson: Shri Khurshed Thanawalla, Independent Director
  • Compliance: Conducted in accordance with Ministry of Corporate Affairs circulars dated April 8, 2020, April 13, 2020, May 5, 2020, January 13, 2021, December 8, 2021, December 14, 2021, May 5, 2022, December 28, 2022, September 25, 2023, September 19, 2024, and September 22, 2025, along with SEBI LODR Regulations, 2015

Attendees

  • Chairperson: Shri Khurshed Thanawalla, Independent Director
  • Other Directors: Shri D.H. Parekh, Executive Director (who chaired during certain agenda items)
  • Auditors Present: Representatives of R. S. Gokani & Co. (Statutory Auditors), S K Dwivedi & Associates (Secretarial Auditors), and Bhatia & Poojari (Internal Auditors)
  • Scrutinizer: Kaushik M. Jhaveri & Co. represented by Shri Kaushik Jhaveri

Business Transacted

Ordinary Business

1. Adoption of Financial Statements: Adoption of Directors' Report, Audited Financial Statements (Standalone and Consolidated) for the financial year ended 31st March, 2026, and Auditors' Report thereon as an Ordinary Resolution.

2. Dividend Declaration: Confirmation of Interim Dividend of ₹0.55 per equity share declared and paid for the Financial Year 2025-2026 and approval of final dividend of ₹0.25 per equity share for the Financial Year 2025-2026 as an Ordinary Resolution.

3. Director Reappointment: Re-appointment of Smt. Divya P. Mafatlal (DIN 00011525) who retires by rotation as an Ordinary Resolution.

Special Business

4. Independent Director Reappointment: Re-appointment of Shri Khurshed Thanawalla (DIN 00201749) as Non-Executive Independent Director of the Company for a period of 5 years from 19th May, 2027 to 18th May, 2032 as a Special Resolution. Shri D.H. Parekh chaired this agenda item as Shri Thanawalla was interested in the resolution.

Voting Process and Methods

  • Remote e-voting: Facility was provided to members prior to the meeting
  • Insta Poll: Additional e-voting facility kept open for 15 minutes during the meeting for members who had not exercised their votes during the remote e-voting period
  • Scrutinizer Appointment: The Board of Directors appointed Shri Kaushik Jhaveri, Proprietor of M/s. Kaushik. M. Jhaveri & Co., Practicing Company Secretary, as the Scrutinizer to supervise both e-voting and Insta Poll processes

Document Distribution and Availability

  • Notice and Annual Report: Sent by email to members whose email addresses were registered with KFin Technologies Ltd. (RTA) or Depository Participants
  • Physical Communication: Letter informing about the 129th AGM and Annual Report sent to members without registered email addresses
  • Website Availability: Annual Report for Financial Year 2025-26 along with Notice of 129th AGM available on company's website and stock exchange websites (BSE Limited and National Stock Exchange of India Limited)

Compliance and Regulatory References

  • SEBI Regulations: Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: Adherence to multiple MCA circulars regarding virtual meetings
  • Statutory Registers: Made available electronically for inspection during the AGM

Signatories and Contact Information

  • Submitted by: Mrs. T.B. Panthaki, Vice President (Legal) & Company Secretary (FCS No. 2894)
  • Copied to: National Securities Depository Ltd., Central Depository Services (India) Ltd., and M/s. KFin Technologies Pvt. Ltd. (Attention: Mr. Anil Dalvi)

Additional Information

  • Scrutinizer's Report: The combined Scrutinizer's Report on remote e-voting and Insta Poll was separately intimated to Stock Exchanges and uploaded on the company's website and KFintech website
  • Meeting Conclusion: The AGM concluded at 4:00 P.M. after all agenda items were transacted and all resolutions were put to vote