Meeting Details

The 27th Annual General Meeting was held on Friday, 11 September 2026, commencing at 11:00 AM IST and concluding at 11:43 AM IST. The meeting was conducted through Video Conference (VC) / Other Audio-Visual Means (OAVM) in compliance with MCA circulars and SEBI LODR Regulations.

Resolutions Considered

Ordinary Business

1. Adoption of audited financial statements for FY2025-26 ending 31 March 2026, together with Board's Report and Auditors' Report (which contained no qualifications, reservations, or adverse remarks)

2. Declaration of Dividend of ₹3.50 per Equity Share of ₹10 each (35%) for FY2025-26

3. Reappointment of Mrs. Neha Gandhi, Executive Director, who retired by rotation

4. Reappointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a further term of five years

Special Business

5. Ratification of remuneration payable to M/s. G S & Associates, Cost Accountants as Cost Auditors for FY2026-27

6. Approval of modifications to Stove Kraft Employee Stock Option Plan 2018

7. Reappointment of Mr. Anup Sanmukh Shah as an Independent Director

8. Reappointment of Mrs. Neha Gandhi as Executive Director

9. Appointment of Mr. Chandru Kalro as Non-Executive Non-Independent Director

10. Approval of payment of professional fees to Mr. Chandru Kalro, Non-Executive Director

Voting Process

The company provided remote e-voting facility to members pursuant to Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations. The remote e-voting period commenced on 8 September 2026 at 9:00 AM and ended on 10 September 2026 at 5:00 PM. Members attending the AGM who had not cast votes through remote e-voting could cast votes during the meeting through e-voting.

Scrutinizer Appointment

The Board of Directors appointed Mr. Pramod SM and failing him Mr. Biswajit Ghosh of BMP & Co LLP, Practicing Company Secretaries, as scrutinizer to supervise both remote e-voting and e-voting processes.

Voting Outcomes

Based on the scrutinizer's report, all ten resolutions set out in the Notice of the 27th Annual General Meeting were passed with requisite majority. The resolutions are deemed to be passed on the date of the Annual General Meeting, 11 September 2026.

Key Participants

  • Mrs. Shuba Rao Mayya: Chairperson of the Board of Directors who chaired the meeting
  • Mr. Shrinivas P Harapanahalli: Company Secretary & Compliance Officer who conducted proceedings
  • Mr. Rajendra Gandhi: Managing Director who addressed members on operations and financial performance
  • Statutory Auditors and Secretarial Auditors were in attendance
  • Mr. Avinash Gupta, Independent Director and Chairperson of Risk Management Committee, was absent due to travel commitments

Compliance Statement

The meeting was conducted in compliance with the circulars issued by the Ministry of Corporate Affairs and applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.