Meeting Details

The 41st Annual General Meeting will be held on Friday, 7th August 2026 at 11:30 A.M. IST at "MonarQ" Royal Orchid Golden Suites, Golden Nest, Opposite Cerebrum IT Park, Kalyani Nagar, Pune-411014.

Summary of Proposed Resolutions

Ordinary Business:

1. Adoption of Financial Statements: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31st March 2026, along with the reports of the Board of Directors and Auditors.

2. Reappointment of Director: To appoint Dr. Santosh Sundararajan (DIN: 00015229), who retires by rotation and is eligible for reappointment, as a Director liable to retire by rotation.

Special Business:

3. Ratification of Cost Auditor Remuneration: To ratify the remuneration of ₹2,50,000 (plus GST and expenses) payable to Mrs. Varsha S. Limaye (Firm Registration No. 12358) as Cost Auditor for FY 2026-27.

4. Reappointment of Independent Director: To reappoint Mr. Sankaramahalingam Balasubramanian (DIN: 06622735) as a Non-Executive Independent Director for a second and final term of five years from 26th November 2026 to 25th November 2031.

5. Appointment of Independent Director: To appoint Mr. Divya Maneklal Shah (DIN: 11707687) as a Non-Executive Independent Director for a term of five years from 15th May 2026 to 14th May 2031, including approval for him to continue in office after attaining 75 years of age during his term.

6. Approval of Material Related Party Transactions: To approve material related party transactions/contracts/arrangements/agreements with Vascon Developers LLP (a related party) for an aggregate value not exceeding ₹150 Crore during FY 2026-27, on an arm's length basis and in the ordinary course of business.

Voting Process and Methods

The voting will be conducted through:

  • Remote e-voting: Available from Monday, 3rd August 2026 (9:00 A.M.) to Thursday, 6th August 2026 (5:00 P.M.) via the platforms provided by KFin Technologies Ltd., NSDL, and CDSL.
  • Voting at the AGM: Electronic voting facilities will be available at the meeting venue for members who have not cast their votes remotely.

The cut-off date for determining members entitled to vote is Friday, 31st July 2026 (end of day).

Scrutinizer Appointment and Role

Amit Jaste, Practising Company Secretary (FCS No. 7289, CP No. 12234), has been appointed as the Scrutinizer to scrutinize the e-voting process and voting at the AGM in a fair and transparent manner. The Scrutinizer will submit a consolidated report to the Chairman after the meeting, and the results will be placed on the company's website and communicated to the stock exchanges.

Compliance with Laws and Regulations

The notice confirms compliance with the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws. The explanatory statements provided for special business items comply with Section 102 of the Companies Act, 2013.

Additional Information

  • The integrated annual report for FY 2025-26 is being sent electronically to members with registered email addresses. Hard copies are available upon request.
  • Members are reminded to update their PAN, KYC details, and nominations with the company or their depository participants.
  • Details of unclaimed dividends and shares transferred to the Investor Education and Protection Fund (IEPF) are provided, along with a special window facility for senior citizens (75 years and above) to claim unpaid amounts.
  • A route map to the meeting venue and attendance slip are included in the notice. Proxies must be deposited at the registered office at least 48 hours before the meeting.