Meeting Details

The approval is sought through postal ballot process without a physical meeting. The remote e-voting period commences at 09:00 a.m. (IST) on Tuesday, November 03, 2026 and concludes at 05:00 p.m. (IST) on Wednesday, December 02, 2026. The results will be declared on or before Thursday, December 03, 2026.

Proposed Resolution

Item No. 1: Reappointment of Mr. Satyendra Shridhar Nayak (DIN 08194706) as an Independent Director for a second term of five consecutive years

  • Resolution Type: Special Resolution
  • Proposed Term: December 03, 2026 to December 02, 2031
  • Mr. Nayak was first appointed as Independent Director effective December 03, 2021 for a five-year term ending December 02, 2026
  • Shareholders had previously approved his continuation beyond age 75 at the 37th Annual General Meeting held on September 25, 2023
  • The reappointment is based on recommendation of Nomination and Remuneration Committee and Board of Directors

Voting Process and Methods

The company is providing only remote e-voting facility through MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The cut-off date for determining voting eligibility is Friday, October 30, 2026. Voting rights will be reckoned on the paid-up value of shares registered in members' names as on the cut-off date.

Scrutinizer Appointment

The Board has appointed Mr. Himanshu S. Kamdar (FCS No. F5171), partner of M/s. Rathi & Associates, Practicing Company Secretaries (Firm Registration Number: P1988MH011900) as the Scrutinizer to submit the report on voting pattern.

Compliance Statement

The notice confirms compliance with Section 110 of the Companies Act, 2013 read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, MCA Circulars including General Circular Nos. 14/2020, 17/2020 and 03/2025, Regulation 44 of SEBI LODR Regulations, and Secretarial Standard on General Meetings (SS-2).

Director Profile Details

Mr. Satyendra Shridhar Nayak

  • Age: 77 years
  • Qualifications: Master's degree in commerce and Doctorate in Philosophy from University of Bombay
  • Experience: Former President of Unit Trust of India (1986-2004), expertise in banking, financial services, investment management, mutual funds, and real estate
  • Current Shareholding: Nil
  • Board Meeting Attendance: 3 meetings during FY 2026-27 as on October 31, 2026
  • Committee Positions: Chairperson of Audit Committee and Risk Management Committee, Member of Corporate Social Responsibility Committee
  • Proposed Remuneration: Sitting fees for Board and Committee meetings and commission as approved