Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Tube Investments of India Limited

Meeting Details

The 18th Annual General Meeting was held on Friday, 14th August 2026 at 3:30 P.M. through Video Conferencing. The meeting was conducted in accordance with the Companies Act, 2013, relevant Rules, Secretarial Standards, and MCA circulars.

Attendance and Conduct

  • Total members attended: 60 through video conferencing
  • Meeting conducted by: Mr. M A M Arunachalam, Executive Chairman
  • Meeting commenced at: 3:30 P.M.
  • Meeting closed at: 4:23 P.M.
  • Key attendees: Vice Chairman, Managing Director, Independent Directors, Company Secretary, Chief Financial Officer, Secretarial Auditors

Documents Available for Inspection

The following documents were made available electronically for members' inspection:

  • Charter Documents
  • Register of Directors and Key Managerial Personnel & their Shareholding
  • Register of Contracts or Arrangements in which Directors are interested
  • Report of Secretarial Auditors confirming implementation of Employee Stock Option Scheme, 2017 in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Voting Process

  • E-voting facility provided through National Securities Depository Limited (NSDL)
  • Cut-off date for shareholders: 7th August 2026
  • Remote e-voting period: From 9:00 A.M. on 10th August 2026 till 5:00 P.M. on 13th August 2026
  • Members who hadn't participated in remote e-voting were allowed to vote during the AGM through electronic voting

Resolutions Considered

Seven resolutions were placed for approval at the AGM:

1. Adoption of Board's Report and Audited Standalone Financial Statements for FY 2025-26 along with Auditors' Report (Ordinary Resolution)

2. Adoption of Audited Consolidated Financial Statements for FY 2025-26 along with Auditors' Report (Ordinary Resolution)

3. Declaration of Dividend (Ordinary Resolution)

4. Reappointment of Mr. Vellayan Subbiah (DIN: 01138759), Director retiring by rotation (Ordinary Resolution)

5. Appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No: 012754N/N500016) as Statutory Auditors (Ordinary Resolution)

6. Ratification of remuneration payable to Cost Auditor for conducting Cost Audit of products for FY 2026-27 (Ordinary Resolution)

7. Approval for payment of remuneration to Non-Executive Directors by way of commission for five financial years from 1st April 2026 to 31st March 2031 (Special Resolution)

Auditor Reports

The Chairman informed that:

  • Auditors' Reports on Audited Standalone and Consolidated Financial Statements
  • Secretarial Auditors' Report for year ended 31st March 2026
  • All reports contained no qualifications, observations, or comments on financial transactions having adverse effect on company functioning

Presentation and Q&A Session

  • Mr. M A M Arunachalam provided overview of economic scenario, company performance for FY 2025-26, and strategic initiatives
  • Mr. Mukesh Ahuja, Managing Director, presented detailed overall business performance and division-wise performance for FY 2025-26
  • Q1 FY 2026-27 performance (ended 30th June 2026) was also apprised to members
  • Members registered as speakers asked questions and provided suggestions, which were responded to by the Executive Chairman

Scrutinizer and Results Process

  • Scrutinizer to count votes cast during AGM and unblock remote e-voting votes
  • Consolidated Scrutinizer's Report to be prepared on voting
  • Voting results to be declared upon receipt of Scrutinizer's Report
  • Results to be placed on company notice board and uploaded on company & NSDL websites within statutory timeframe
  • Results to be communicated to Stock Exchanges

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules thereunder
  • Secretarial Standards
  • SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
  • MCA circulars