Meeting Details

The 81st Annual General Meeting was held on Monday, 3rd August 2026 at 9:30 AM at the Registered Office of the Company at P.O. Birla Vikas, Satna – 485 005 (M.P.). The meeting concluded at 10:45 AM.

Attendance

  • Chairman: Shri Harsh V. Lodha
  • Directors Present: Shri Kishore Kumar Mehrotra (Independent Director), Dr. Ananya Ghosh Dastidar (Independent Director), Shri Siddharth Swarup (Independent Director), Shri Prem Singh Khamesra (Non-Executive Non-Independent Director), Shri Y.S. Lodha (Managing Director & Chief Executive Officer)
  • Other Officials: Shri Gopal Agrawal (Chief Financial Officer), Shri Ajay Kumar Sharma (Company Secretary)
  • Auditors: Shri Rajesh Kumar Mishra (Secretarial Auditor, R.K. Mishra & Associates), Shri Manish Kumar (Statutory Auditor, BGJC & Associates LLP)
  • Members: 44 members present either in person or through authorized representatives

Voting Process

  • Remote e-Voting period: 31st July 2026 (9:00 AM) to 2nd August 2026 (5:00 PM)
  • Scrutiniser: Shri Rajesh Kumar Mishra (Certificate of Practice No. 4433), Practicing Company Secretary
  • Ballot voting conducted during the meeting for all items of business
  • Combined results of remote e-voting and ballot voting to be declared within two working days

Business Transacted

Ordinary Business

Resolution No. 1: Adoption of Audited Standalone Financial Statements

  • Approved the audited Financial Statements for the financial year ended March 31, 2026
  • Approved the Reports of the Board of Directors and Independent Auditors thereon

Resolution No. 2: Adoption of Audited Consolidated Financial Statements

  • Approved the audited Consolidated Financial Statements for the financial year ended March 31, 2026
  • Approved the Report of Independent Auditors thereon

Resolution No. 3: Declaration of Dividend

  • Declared dividend at the rate of ₹4.50 per equity share of face value ₹10 each
  • Dividend payable out of profits for financial year ended March 31, 2026
  • Record date: Close of business hours on July 27, 2026

Resolution No. 4: Re-appointment of Director

  • Re-appointed Shri Prem Singh Khamesra (DIN: 00049162) as Non-Executive Non-Independent Director
  • Director retires by rotation pursuant to Section 152 of Companies Act, 2013

Special Business

Resolution No. 5: Increase in Borrowing Limit (Special Resolution)

  • Supersedes special resolution passed at 79th AGM (2nd August 2024)
  • New borrowing limit: ₹4500 Crores (Rupees Four Thousand Five Hundred Crores)
  • Borrowing may include rupee/foreign currency loans, credit facilities, debentures, bonds, intercorporate deposits, and non-fund based facilities
  • Authority includes power to borrow with or without security
  • Excludes temporary loans obtained from bankers in ordinary course of business
  • Board authorized to delegate powers to Committee, Managing Director, Directors, or Officers

Resolution No. 6: Creation of Security on Assets (Special Resolution)

  • Supersedes special resolution passed at 79th AGM (2nd August 2024)
  • Authorization to create mortgages, charges, hypothecations, pledges and other securities on company assets
  • Security to be created in favor of financial institutions/banks/lenders/investing agencies
  • Total secured amount not to exceed ₹4500 Crores including interest, charges, and other monies
  • Board authorized to finalize documents and delegate powers

Resolution No. 7: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Ratified remuneration payable to Messrs D. Sabyasachi & Co., Cost Accountants (Registration No. 000369)
  • Remuneration amount: ₹1,20,000/- plus applicable Goods and Services Tax
  • Reimbursement of actual out-of-pocket and travelling expenses
  • Cost audit for financial year ending 31st March 2027

Additional Information

  • Quorum was present throughout the meeting
  • Various registers were open for inspection during the meeting including Register of Directors, Register of Contracts, Financial Statements, etc.
  • Chairman apprised members about financial performance, business developments, CSR activities, and ESG initiatives
  • Management addressed questions and comments from members
  • Voting results and Scrutiniser's Report to be submitted to Stock Exchanges within prescribed timeline