Meeting Details

The 30th Annual General Meeting was held on Tuesday, August 11, 2026, at 11:00 a.m. through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Attendance

64 Members holding 19,87,70,695 equity shares were present, constituting 45.49% of the paid-up equity share capital of the Company.

Directors Present through VC/OAVM

1. Ms. Radha Unni - Independent Director and Chairperson of the Board, Stakeholders' Relationship Committee and Risk & ESG Committee

2. Mr. Mithun K Chittilappilly - Managing Director and Member

3. Mr. Ramachandran V - Whole Time Director & COO and Member

4. Mr. Antony Sebastian K - Whole Time Director, Member and Chairperson of Corporate Social Responsibility Committee

5. Mr. George Muthoot Jacob - Independent Director

6. Prof. Biju Varkkey - Independent Director and Chairperson of Nomination and Remuneration Committee

7. Mr. Ishwar Subramanian - Independent Director and Chairperson of Audit Committee and Investment Committee

8. Ms. Usha Sunny - Independent Director

9. Mr. Sudarshan Kasturi - Chief Financial Officer and Member

10. Mr. Vikas Kumar Tak - Company Secretary and Member

Other Attendees

  • Mr. Amit Kumar Agrawal, representative of M/s Price Waterhouse Chartered Accountants LLP, Statutory Auditor
  • Mr. Keyul M. Dedhia, representative of M/s Dedhia Shah & Partners LLP, Secretarial Auditor
  • Ms. S Dhanalakshmi, Representative of MUFG Intime India Private Limited
  • Mr. M D Selvaraj, representative of M/s MDS & Associates LLP, Company Secretaries, Scrutinizer

Voting Details

Remote e-voting facility began on Saturday, August 08, 2026 at 9:00 a.m. and ended on Monday, August 10, 2026 at 5:00 p.m. Voting module was kept open during the AGM for members who had not exercised their voting rights through remote e-voting.

Director Appointments and Re-appointments

  • Mr. Mithun K Chittilappilly has been re-appointed as Managing Director for a further period of 5 years effective from April 01, 2026
  • Mr. George Muthoot Jacob, Independent Director, has been re-appointed for the second and final term of 5 consecutive years effective from October 05, 2026
  • Dr. Reenaa Mithun Chittilappilly (DIN: 11462302) was appointed as additional director (non-executive, non-independent) for a period of 4 years, approved by shareholders through postal ballot on March 8, 2026
  • Prof. Biju Varkkey (DIN: 01298281) was re-appointed as Non-Executive Independent Director for second and final term of 5 consecutive years, approved by shareholders through postal ballot on March 8, 2026
  • Board recommended appointment of Ms. Usha Sunny (DIN: 07215012) as Independent Director for 5 years effective from May 12, 2026, subject to shareholder approval at this AGM

Business Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 and Reports of Auditors and Board of Directors

2. To declare final dividend of ₹1.50 per equity share for FY 2025-26

3. To appoint a Director in place of Mr. Antony Sebastian K (DIN: 01628332) who retires by rotation and offers himself for re-appointment

Special Business:

4. To ratify remuneration payable to Cost Auditors for FY ending March 31, 2027

5. To appoint Ms. Usha Sunny (DIN: 07215012) as Independent Director for five years

6. To increase managerial remuneration payable to Mr. Ramachandran V, Director & COO (DIN: 06576300) in excess of 5% of net profits

7. To increase overall managerial remuneration payable from 11% to 15% of net profits

Management Commentary

Managing Director addressed shareholders and briefed about company performance for FY 2025-26, explaining various business and strategic initiatives commenced during the year across various functions. CSR and ESG initiatives undertaken during the year were also updated.

Shareholder Engagement

7 shareholders registered as speaker shareholders, with 6 present in the meeting who asked questions from management. Queries were answered by Mr. Mithun K Chittilappilly, Managing Director and Mr. Ramachandran V, Whole Time Director & COO.

Meeting Conclusion

The meeting concluded at 12:00 Noon. Voting module was extended for another 15 minutes to enable members to cast their votes. Results of voting along with Scrutinizer report would be placed on company website and exchanges.