Meeting Details
- Date: 30th September, 2026
- Type: 29th Annual General Meeting (AGM)
- Location: Conducted through Video Conferencing / Other Audio Visual Means without physical presence
- Timing: Commenced at 01:30 PM and concluded at 02:27 PM
- Cut-off Date: 23rd September, 2026
Proposed Resolutions and Implications
The following seven resolutions were proposed and approved at the meeting:
Ordinary Business
1. Resolution 1: To receive, consider and adopt:
- (a) The Audited Standalone Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors
- (b) The Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors
2. Resolution 2: To appoint Shri Anil Kumar Agarwal (DIN: 01501767) as Director who retires by rotation under Section 152(6) of Companies Act, 2013 and offers himself for re-appointment
3. Resolution 3: To declare final dividend of ₹1 (Rupees One only) (50%) per equity share of ₹2 each for financial year ended 31st March, 2026
4. Resolution 7: To ratify the remuneration of Cost Auditors
Special Business
5. Resolution 4: To re-appoint Shri Jagdish Prasad Chowdhary (DIN: 00313685) as Executive Chairman
6. Resolution 5: To re-appoint Shri Anil Kumar Agarwal (DIN: 01501767), Executive Director, designated as Deputy Managing Director
7. Resolution 6: To approve Payment of Remuneration to Independent/Non-Executive Directors
Voting Process and Methods
The Company engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities:
- Remote e-voting period: Saturday, 26th September, 2026 (09:00 AM IST) to Tuesday, 29th September, 2026 (05:00 PM IST)
- E-voting during AGM: Available to eligible Members whose names appeared in Register of Members/List of Beneficial Owners as of cut-off date (23rd September, 2026)
- Post-meeting voting: E-voting remained open for 15 minutes after meeting conclusion
- No physical proposals: No requirement for proposing and seconding motions due to virtual format
Key Voting Outcomes
The document states that all resolutions were approved but does not provide specific voting percentages or total votes cast. The consolidated results of e-voting along with Scrutinizer's Report were to be:
- Submitted to Stock Exchanges within stipulated time under Listing Regulations
- Made available on Company website, Stock Exchange websites, and NSDL website
Scrutinizer's Role
Shri Sushil Goyal of Sushil Goyal & Co., Practising Company Secretaries was appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The Scrutinizer was present at the meeting.
Compliance Confirmation
The meeting was conducted in conformity with:
- Companies Act, 2013 and Rules issued thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Circulars issued by Ministry of Corporate Affairs (MCA) and SEBI
- Article 17(2) of the Articles of Association
Statutory registers and relevant documents were available electronically for inspection by members during the AGM.
Auditor Reports
The Company Secretary informed that:
- There were no modified opinions, qualifications, adverse remarks, or observations in the Statutory Auditors' Report
- There were no qualifications in the Secretarial Auditor's Report for FY ended 31st March, 2026
Representatives from Price Waterhouse & Co., Chartered Accountants LLP, and M/s Salarpuria & Partners, Chartered Accountants (Statutory Auditors), and Shri Prateek Kohli (Secretarial Auditor) joined the meeting through Video Conferencing.
Additional Information
- The Notice of AGM and Annual Report were dispatched to all members by email and published in English and Vernacular newspapers
- Quorum requirements were met as confirmed by the Company Secretary
- Shareholder queries were addressed by Shri Umesh Chowdhary, Vice Chairman & Managing Director
- The Chairman appreciated support from shareholders, employees, investors, government, and other stakeholders