Detailed Summary

Meeting Details

The 63rd AGM was held on Wednesday, June 10, 2026, through Video Conference/Audio-Visual Means.

  • Commencement Time: 10:30 a.m. IST
  • Conclusion Time: 01:50 p.m. IST (including time for e-Voting at the AGM)
  • Cut-off date for e-Voting: June 3, 2026
  • Quorum: The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting.
  • Members in Attendance: 166 members attended the meeting. The requirement for appointing a proxy was not applicable.

Attendees

Chairman & Directors:

  • Mr. N. Chandrasekaran (Non-Executive Non-Independent Director and Chairman) presided over the meeting from Bombay House, Mumbai.
  • Ms. Shikha Sharma (Independent Director) joined from Ahmedabad.
  • Dr. K. P. Krishnan (Independent Director) joined from Kerala.
  • Mr. Bharat Puri (Independent Director) joined from Portugal.
  • Mr. David Crean (Independent Director) joined from the UK.
  • Mr. Sunil D'Souza (Managing Director & CEO) joined from the Common Venue in Mumbai.
  • Mr. Ajit Krishnakumar (Executive Director & COO) joined from the Common Venue in Mumbai.

Key Managerial Personnel:

  • Mr. Ashish Goenka (Group Chief Financial Officer) was in attendance from the Common Venue in Mumbai.
  • Mr. Sivakumar Sivasankaran (Chief Financial Officer) joined from Bengaluru.
  • Ms. Delnaz D. Harda (Company Secretary & Compliance Officer) was present from the Common Venue in Mumbai.

The Statutory Auditors, Secretarial Auditor, and Cost Auditors were also present through VC.

Proceedings & Resolutions

The Notice convening the meeting and the text of resolutions were taken as read. The Auditor's Report on the Financial Statements for the year ended March 31, 2026, had no qualifications and thus was not required to be read.

The following resolutions, as set out in the AGM notice, were put to vote via Remote e-Voting (from June 6, 2026, 9:00 a.m. to June 9, 2026, 5:00 p.m.) and e-Voting during the meeting:

Ordinary Business:

1. Adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon. (Ordinary Resolution)

2. Adoption of the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with the Report of the Auditors thereon. (Ordinary Resolution)

3. Declaration of a dividend of ₹10 per equity share (face value of Re. 1 each), amounting to a 1000% dividend, for the financial year ended March 31, 2026. (Ordinary Resolution)

4. Re-appointment of Mr. Ajit Krishnakumar (DIN: 08002754) as a Director, who retires by rotation. (Ordinary Resolution)

Special Business:

5. Re-appointment of Dr. K. P. Krishnan (DIN: 01099097) as an Independent Director for a second term of 5 years, commencing from October 22, 2026. (Special Resolution)

6. Ratification of remuneration payable to M/s. Shome & Banerjee, Cost Accountants (Firm Registration Number 000001), as Cost Auditors for the financial year ending March 31, 2026. (Ordinary Resolution)

Management Commentary

  • In his opening remarks, the Chairman, Mr. N. Chandrasekaran, provided a brief overview of the global and domestic economic environment, evolving consumer preferences, and the growth of digital commerce.
  • He outlined the Company's performance during FY 2025-26 and emphasized key focus areas, including digital and AI initiatives, business transformation, sustainability roadmap, and long-term growth outlook.
  • Mr. Sunil D'Souza, MD & CEO, presented a comprehensive overview of key highlights, financial performance for FY 2025-26, progress on strategic priorities, and assessed the performance of the India business, International business, and the Company's subsidiaries and joint-venture companies.

Voting & Scrutinizer

  • The Board appointed Dr. Asim Kumar Chattopadhay (FCS 2303, CP 880) and, failing him, Mr. Pratap Kumar Chakravarty (ACS 4680, CP 15586) as the Scrutinizer for the e-Voting process.
  • The e-Voting facility during the AGM remained active until 15 minutes after the conclusion of the proceedings for members who had not voted via Remote e-Voting.
  • The consolidated results of the voting were to be announced within 2 working days of the meeting's conclusion and intimated to the stock exchanges.

Other Information

  • The proceedings of the meeting were video recorded, and a live webcast was made available on the website of National Depository System Limited (NSDL).
  • A recording of the webcast is being made available on the Company's website at www.tataconsumer.com.
  • Statutory Registers and other relevant documents were available for electronic inspection by members.