Meeting Details

The 19th Annual General Meeting was held on Wednesday, 23rd September 2026 through Video Conference/Other Audio-Visual Means (OAVM) from 4:05 PM to 5:30 PM IST. The meeting was convened in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI.

Attendance

Total shareholders as of cut-off date (16th September 2026): 10,319

Members attending through video conferencing: 46

Directors and Officials Present

1. Mr. Jatin Suratwala - Chairman and Managing Director

2. Mr. Manoj Suratwala - Whole-Time Director

3. Mrs. Hema Pankaj Sukhadia - Non-Executive Director and Chairman of the Stakeholder Relationship Committee and Corporate Social Responsibility Committee

4. Mr. Pramod Jain - Non-Executive Independent Director and Chairman of the Audit Committee and Nomination and Remuneration Committee

5. Ms. Priyanka Oka - Non-Executive Independent Director

6. Mr. Shailesh Kasegaonkar - Non-Executive Independent Director

7. Mr. Manish Kasliwal - Chief Financial Officer

8. Ms. Pooja Thorave - Company Secretary and Compliance Officer

9. Mr. Tarak Trivedi - Representative of Parag Patwa & Associates, Statutory Auditor

10. Mr. Harshad Pusalkar - Secretarial Auditor

12. Mr. Shridhar Phadke - from SVP & ASSOCIATES, PCS, Scrutinizer

13. Mr. Hitendra Suratwala - Director Sales

14. Mr. Rajan Thorat - Marketing Head

15. Mr. Meghesh Puranik - Business Head for subsidiary

16. Mr. Shriram Totala - Business Development Manager

Voting Process

Remote e-voting facility was available for 3 days from 20th September 2026 (9:00 AM IST) to 22nd September 2026 (5:00 PM IST). Mr. Shridhar Phadke was appointed as Scrutinizer to oversee the voting process. Results were to be declared within two working days of conclusion of AGM.

Business Transacted

1. Ordinary Business (Ordinary Resolution): Approval of Audited Standalone Financial Statements for FY ended 31st March 2026, including Balance Sheet, Statement of Profit and Loss Account, Cash Flow Statement, and Reports of Board of Directors and Auditors

2. Ordinary Business (Ordinary Resolution): Approval of Audited Consolidated Financial Statements for FY ended 31st March 2026, including Balance Sheet, Statement of Profit and Loss Account, Cash Flow Statement, and Report of Auditors

3. Ordinary Business (Ordinary Resolution): Re-appointment of Mr. Manoj Dhansukhlal Suratwala (DIN: 01980434) as Director who retired by rotation

4. Ordinary Business (Ordinary Resolution): Declaration of dividend on Equity Shares for Financial Year ended 31st March 2026

5. Special Business (Ordinary Resolution): Approval of material related party transaction(s) with 'Suratwwala Properties LLP' and material modifications thereto

6. Special Business (Ordinary Resolution): Approval of material related party transaction(s) with Suratwwala Natural Energy Resource Private Limited (formerly Suratwwala Natural Energy Resource LLP) and material modifications thereto

Additional Information

The notice convening the 19th AGM was circulated to members along with the Annual Report. There were no qualifications in the Statutory Audit Report and Secretarial Audit Report. Registers and documents required under various laws were available online for inspection.

Chairman's Address

Mr. Jatin Suratwala, Managing Director, was elected Chairman of the meeting. He addressed shareholders about company developments, sector outlook, future prospects, global economic challenges, continued growth, and commitment to excellence. He thanked stakeholders, business partners, Central and State Governments, and Regulatory Authorities for their support.

Financial Presentation

The Solar Head and Chief Financial Officer addressed shareholders and delivered financial highlights pertaining to financial year 2025-26.

#Tags: #SuratwwalaBusinessGroup #AGM #SEBIDisclosure #RegulatoryCompliance #Dividend #RelatedPartyTransactions