Meeting Details

Date: Friday, 17th July, 2026

Time: 3:30 p.m. (IST)

Venue: Held through video conferencing (VC)/other audio-visual means (OAVM). The deemed venue was the Registered Office of the Company at Gateway Building, Apollo Bunder, Mumbai- 400 001, India.

Type of Meeting: 39th Annual General Meeting

Attendance

Directors Present:

  • Mr. Anand G. Mahindra (Chairman)
  • Mr. Mohit Joshi (Managing Director & CEO)
  • Dr. Anish Shah (Non-Executive Director)
  • Ms. Shikha Sharma (Lead Independent Director and Chairperson of Nomination and Remuneration Committee)
  • Mr. Haigreve Khaitan (Independent Director and Chairman of Stakeholders' Relationship Committee and Securities Allotment Committee)
  • Dr. Mukti Khaire (Independent Director and Chairperson of Risk Management Committee)
  • Ms. Penelope Fowler (Independent Director and Chairperson of Corporate Social Responsibility Committee)
  • Mr. Tarun Bajaj (Independent Director and Chairman of the Audit Committee)
  • Ms. Neelam Dhawan (Independent Director)

Other Attendees:

The Chief Financial Officer, the Company Secretary (Ms. Ruchie Khanna), the Secretarial Auditor, the Statutory Auditor, and the Scrutinizer were also present through VC.

Member Attendance: 97 members were present and attended the meeting through VC.

Summary of Proposed Resolutions

The following business items were proposed for shareholder approval:

  • Agenda Item No. 2 (Ordinary Resolution): To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the reports of the Board of Directors and the Statutory Auditor thereon.
  • Agenda Item No. 3 (Ordinary Resolution): To confirm the payment of the Interim Dividend and declare Final Dividend on the equity shares of the Company for the financial year ended 31st March, 2026.
  • Agenda Item No. 4 (Ordinary Resolution): To approve re-appointment of Dr. Anish Shah as Non-Executive Director, liable to retire by rotation.
  • Agenda Item No. 5 (Ordinary Resolution): Shareholder's notice for appointment of Director under Section 160 of the Companies Act, 2013.

Voting Process

Methods Used: The voting process included remote e-voting prior to the meeting and e-voting conducted during the meeting itself.

Scrutinizer: Mr. Jayavant B. Bhave, Practicing Company Secretary and Proprietor of M/s. J B Bhave & Co., Company Secretaries (failing him, Ms. Ruchi Bhave), was appointed to scrutinize all votes cast (both remote and at the meeting) and provide a consolidated report.

Process: Members were given the opportunity to join the AGM 30 minutes before its start. The Chairman informed members who had not voted remotely to cast their votes electronically via the NSDL platform arranged at the AGM. The e-voting lines were kept open for an additional 15 minutes after the Q&A session for this purpose.

Key Procedural and Regulatory Information

Compliance: The meeting was conducted in compliance with general circulars issued by the Ministry of Corporate Affairs and SEBI, the provisions of the Companies Act, 2013, and the Secretarial Standards on General Meetings (SS-2).

Document Availability: The Memorandum and Articles of Association, an ESOP Certificate from Secretarial Auditors, Statutory Registers, and other relevant documents were made available for electronic inspection by members during the AGM.

Webcast: A live webcast of the AGM proceedings was provided.

Q&A Session: Registered speaker shareholders were given an opportunity to seek clarifications or offer suggestions on the financial statements and agenda matters, which were addressed by the Chairman.

Conclusion of Meeting

The 39th Annual General Meeting was concluded at 5:25 p.m. (IST).