AGM Details

The 37th AGM will be held on Friday, August 21, 2026 at 11:00 AM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue is the registered office at 4th Floor, Tower 1, NBCC Plaza, Sector V, Pushp Vihar, Saket, New Delhi – 110 017.

Ordinary Business Items

1. Adoption of Financial Statements: To consider and adopt the audited Financial Statements for the year ended March 31, 2026 and reports of Board of Directors and Auditors.

2. Dividend Declaration: To consider and declare Dividend on Equity Shares for financial year 2025-26.

3. Director Reappointment: To appoint Shri Aditya Kumar Halwasiya (DIN: 08200117) who retires by rotation and offers himself for re-appointment.

Special Business Items

4. Non-Convertible Bonds/Debentures Issuance (Special Resolution):

  • Approval sought for private placement of securities including bonds and non-convertible debentures
  • Maximum amount: ₹1200 crore (Rupees One Thousand Two Hundred Crore only)
  • To be issued in one or more tranches
  • Valid for one year from date of shareholder approval
  • Under Sections 42 and 71 of Companies Act, 2013 and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021

5. Managing Director Appointment (Ordinary Resolution):

  • Appointment of Shri Anoop Bali (DIN: 00302077) as Managing Director
  • Term: From June 1, 2026 to May 31, 2028
  • Remuneration: All-inclusive cost to company ₹2.50 crore per annum plus incentive as decided by Board
  • Eligible for ESOP grants under company schemes
  • Notice period: Three months or three months' pay in lieu
  • In case of absence/inadequacy of profits, minimum remuneration as per Schedule V of Companies Act, 2013

6. Articles of Association Alteration (Special Resolution):

  • Deletion of clauses related to common seal (Clause 2(1), 162, and 163)
  • To align with Companies (Amendment Act), 2015 which made common seal optional
  • Approved by Board on July 20, 2026

Record Date and Dividend Information

  • Register of Members and Share Transfer Books will remain closed from August 15, 2026 to August 21, 2026 (both days inclusive)
  • Dividend if declared will be paid to:
  • Physical shareholders: Names appearing in Register of Members as of August 14, 2026
  • Demat shareholders: Based on beneficial ownership details from NSDL and CDSL as of August 14, 2026

Tax Withholding on Dividend

Detailed tax withholding procedures provided for both resident and non-resident members:

  • Resident Members: TDS rates from 10% to 20% based on PAN status and dividend amount
  • Non-Resident Members: TDS at 20% plus applicable surcharge and cess, or tax treaty rate
  • Threshold: No TDS for resident individuals if dividend does not exceed ₹10,000
  • Documents must be submitted by August 14, 2026 for beneficial tax treatment

Unclaimed Dividend Information

  • Unclaimed dividend for 2017-18 already transferred to IEPF
  • Upcoming transfer dates to IEPF:
  • 2018-19: September 9, 2026
  • 2020-21: October 29, 2028
  • 2021-22: October 19, 2029
  • 2022-23: September 18, 2030
  • 2023-24: September 14, 2031
  • 2024-25: September 21, 2032

Voting Procedures

  • Remote e-voting period: August 18, 2026 (9:00 AM) to August 20, 2026 (5:00 PM)
  • Cut-off date: August 14, 2026
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Detailed instructions provided for both demat and physical shareholders
  • Shareholders who vote remotely cannot vote again during the AGM

Director Information

Shri Anoop Bali (Proposed Managing Director):

  • Experience: 36+ years in Business Development, Credit Sanction, Monitoring & Recovery, Accounts & Finance, Treasury, Legal, Risk, HR and General Management
  • Shareholding: 60 Equity Shares of ₹2 each
  • No directorships in other companies

Shri Aditya Kumar Halwasiya (Director for reappointment):

  • Shareholding: 4,08,92,000 equity shares (8.83% of paid-up capital)
  • Directorships: Cupid Limited, Apollo Micro Systems Limited, Olka Technologies (OPC) Private Limited, Cupid Invesco Limited, Universal Petro-Chemicals Ltd.