Meeting Details

The 43rd Annual General Meeting was held on Monday, 24th August 2026 through Video Conference or Other Audio Visual Means (VC/OAVM). The meeting commenced at 11:00 AM and concluded at 12:11 PM.

Attendance

Directors present from Registered Office:

  • Sri Harishchandra Prasad Kannuri (Chairman & Non-Executive Independent Director)
  • Sri Vithaldas Agarwal (Managing Director)
  • Sri Mahender Kumar Agarwal (Joint Managing Director)
  • Sri Suresh Reddy Kethireddy (Non-Executive Non-Independent Director)

Directors present from their locations:

  • Sri Meka Yugandhar (Non-Executive Independent Director)
  • Smt Madhavi Agarwal (Whole time Director)
  • Sri Gautam Damodar Sawang (Additional Director - Independent Director Category)

Invitees present from Registered Office:

  • Sri K Nageswara Rao (Chief Financial Officer)
  • Sri C. Venkateswara Rao (Statutory Auditors - K S Rao & Co)
  • Sri K Sharavan (Internal Auditor - Brahmayya & Co)

Meeting Proceedings

  • The meeting had requisite quorum present throughout.
  • The Secretarial team introduced the Board of Directors, Auditors, and Key Managerial Personnel.
  • Mr. Harishchandra Prasad Kannuri, Chairman, chaired the meeting and delivered a speech covering business performance.
  • Notice of the AGM was taken as read with members' permission.
  • Auditors' report along with annexure to the auditors' report on financial statements for FY 2025-26 ended March 31, 2026 were taken as read.
  • Members were given opportunity to ask questions and seek clarifications, which were satisfactorily addressed by management.
  • E-voting was conducted through KFin platform from August 20, 2026 at 09:00 AM to August 23, 2026 at 5:00 PM.
  • Prerna & Co, Company Secretaries, Hyderabad was appointed as scrutinizer for voting process.

Agenda Items Transacted

Ordinary Business

Item No. 1: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon.

Item No. 2: To declare dividend on Cumulative Redeemable Preference Shares of the Company for the financial year ended March 31, 2026.

Item No. 3: To declare dividend @ 20% (₹2 per equity share of ₹10 each) to Non-Promoter Equity Shareholders of the Company for the financial year ended March 31, 2026.

Item No. 4: To appoint a Director in place of Smt Madhavi Agarwal (DIN: 06866592), Whole time Director who retires by rotation and offered herself for re-appointment.

Special Business

Item No. 5: Appointment of Sri Gautam Damodar Sawang (DIN: 11219711) as an Independent Director of the Company.

Item No. 6: Continuation of directorship of Sri Meka Yugandhar (DIN: 00012265) as a Non-Executive Independent Director.

Item No. 7: To ratify the remuneration of the Cost Auditor Smt. Aruna Prasad (M/s. Aruna Prasad & Co., Cost Accountants) for financial year ending March 31, 2027.

Voting and Results

The results of the proceedings will be submitted after receipt of the Scrutinizer's report and announcement by the Chairman. The company will separately intimate voting results to the stock exchange.