Meeting Details

The 89th AGM of Tata Investment Corporation Limited was held on Wednesday, July 1, 2026 at 11:00 a.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting concluded at 12:29 p.m. (IST).

Attendance

All Directors attended the meeting virtually, including:

  • Mr. Noel N. Tata, Chairman
  • Mr. Jayesh Merchant, Chairman of Audit Committee and Asset Liability & Risk Management Committee
  • Mr. Rajiv Dube, Chairman of Nomination & Remuneration Committee and IT Strategy Committee
  • Mr. Bahram Vakil, Chairman of Corporate Social Responsibility Committee
  • Mr. V. Chandrasekaran, Chairman of Stakeholders' Relationship Committee

Management present included Mr. Amit Dalal (Managing Director), Mr. Jamshed Patel (Company Secretary & Chief Compliance Officer), and Mr. Manoj Gupta (Chief Financial Officer).

Representatives from joint statutory auditors M/s. Chokshi & Chokshi LLP and M/s. CNK & Associates LLP, and secretarial auditors M/s. Parikh & Associates were also present.

Shareholder Participation

Total number of shareholders on record date (June 24, 2026): 248,023

Shareholders present at meeting:

  • Promoters and Promoter Group: 11
  • Public: 71

Resolutions Voted On

Four ordinary resolutions were put to vote:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors

3. Declaration of Dividend of ₹3.40 per ordinary share of face value Re. 1 for financial year 2025-26

4. Re-appointment of Mr. Suprakash Mukhopadhyay (DIN: 00019901) as Director who retires by rotation

Voting Results

Resolution 1: Adoption of Standalone Financial Statements

  • Total shares voted: 385,490,584 (76.1910% of outstanding shares)
  • Votes in favor: 385,481,895 (99.9977% of votes cast)
  • Votes against: 8,689 (0.0023% of votes cast)
  • Invalid votes: 0

Resolution 2: Adoption of Consolidated Financial Statements

  • Total shares voted: 385,490,584 (76.1910% of outstanding shares)
  • Votes in favor: 385,481,895 (99.9977% of votes cast)
  • Votes against: 8,689 (0.0023% of votes cast)
  • Invalid votes: 0

Resolution 3: Dividend Declaration

  • Total shares voted: 385,490,624 (76.1910% of outstanding shares)
  • Votes in favor: 385,482,075 (99.9978% of votes cast)
  • Votes against: 8,549 (0.0022% of votes cast)
  • Invalid votes: 0

Resolution 4: Director Re-appointment

  • Total shares voted: 385,488,575 (76.1906% of outstanding shares)
  • Votes in favor: 384,690,886 (99.7931% of votes cast)
  • Votes against: 797,689 (0.2069% of votes cast)
  • Invalid votes: 0

Voting Process

The remote e-voting facility was provided by National Securities Depository Limited (NSDL). The voting period commenced on Saturday, June 27, 2026 at 9:00 a.m. (IST) and ended on Tuesday, June 30, 2026 at 5:00 p.m. (IST). Additional remote e-voting was available during the AGM for shareholders who had not cast their votes earlier.

Scrutinizer Appointment

Ms. Sarvari Shah from Parikh & Associates, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize the votes cast during the meeting and through remote e-voting.

Financial Information

The Auditor's Report on both Standalone and Consolidated Financial Statements for year ended March 31, 2026 did not contain any qualifications, reservations, observations, adverse remarks, or disclaimer.

Outcome

All four resolutions were declared as passed with requisite majority. The voting results along with the Scrutinizer's Report were made available on the company's website at www.tatainvestment.com and intimated to the stock exchanges.