Meeting Details
- Date: Monday, September 28, 2026
- Time: 03:30 p.m. IST
- Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Meeting Type: 19th Annual General Meeting
- Conclusion Time: 4:25 p.m. IST (including 15 minutes of e-voting time during AGM)
Proposed Resolutions and Implications
The following nine resolutions were placed for shareholder approval:
1. Adoption of Audited Standalone & Consolidated Financial Statements together with reports of Board of Directors and Auditors for financial year ended March 31, 2026 (Ordinary Resolution)
2. Declaration of Final Dividend of ₹2 per equity share (face value ₹2 each) for financial year 2025-26 (Ordinary Resolution)
3. Re-appointment of Director Mr. D. Suryanarayana (DIN: 07304786) who retires by rotation (Ordinary Resolution)
4. Re-appointment of Director Dr. Indu Shekhar Jha (DIN: 00015615) who retires by rotation (Ordinary Resolution)
5. Ratification of Remuneration payable to Cost Auditor for FY 2026-27 (Ordinary Resolution)
6. Appointment of G. M. Kapadia & Co., Chartered Accountants as Statutory Auditors (Joint) of the Company (Ordinary Resolution)
7. Authorization to Board of Directors to appoint Branch Auditors for Branch Offices outside India as per Section 143(8) of Companies Act, 2013 (Ordinary Resolution)
8. Re-appointment of Mr. Digambar Chunnilal Bagde (DIN: 00122564) as Executive Chairman (Whole Time Director) for 1 year effective October 01, 2026 (Special Resolution)
9. Appointment of Ms. Ranjana Maitra (DIN: 11881304) as Non-Executive Independent Director (Special Resolution)
Voting Process and Methods
The voting process utilized multiple methods:
- Remote e-voting period: September 24, 2026 (9:00 a.m. IST) to September 27, 2026 (5:00 p.m. IST)
- E-voting during AGM: Available for members who had not cast votes earlier
- Scrutinizer appointment: Mr. Mitesh Shah, Practicing Company Secretary, was appointed to scrutinize both remote e-voting and e-voting during AGM
Key Voting Outcomes and Shareholder Participation
The document notes that:
- Requisite quorum was present as per attendance records
- Voting results (remote e-voting and e-voting at AGM) along with Scrutinizer's Report will be communicated to BSE Ltd. and National Stock Exchange of India Ltd.
- Results will be uploaded on the website of e-voting service provider Central Depository Services (India) Limited
- Company will simultaneously upload results on its website within two working days of meeting conclusion
Scrutinizer's Role and Findings
Mr. Mitesh Shah, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the entire voting process. The Scrutinizer's Report containing detailed findings and conclusions will be submitted separately to the stock exchanges.
Compliance with Laws and Regulations
The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The register of Directors and Key Managerial Personnel and their shareholdings, and Register of Contracts or Arrangements in which Directors are interested were available for inspection by members.
Additional Financial and Operational Information
- The Chairman delivered a speech overviewing company performance for FY ended March 31, 2026 and future outlook
- No qualifications, observations or adverse comments were noted in the Statutory Audit Report on Financial Statements and Secretarial Audit Report for year ended March 31, 2026
- Shareholder queries on financial accounts and business operations were addressed by Executive Chairman Mr. Digambar C. Bagde and Managing Director & CEO Mr. Randeep Narang
Signatories and Roles
- Monica Gandhi: Company Secretary & Compliance Officer, signed the document digitally on September 28, 2026 at 18:28:31 IST
- The document was addressed to Senior General Managers of BSE Limited and National Stock Exchange of India Limited