Meeting Details

The 25th Annual General Meeting was held on Wednesday, August 26, 2026, commencing at 11:00 A.M. IST through Video Conferencing/Other Audio-Visual Means. The meeting concluded at 12:15 P.M. IST.

Attendance and Participation

Board Members Present:

  • Mr. Atul Chordia, Chairman and Executive Director
  • Ms. Punita Kumar Sinha, Non-Executive Independent Director (Chairperson of Risk Management Committee)
  • Mr. Nipun Sahni, Non-Executive Non-Independent Director (Chairperson of Stakeholders Relationship Committee)
  • Mr. Thilan Wijesinghe, Non-Executive Independent Director (Chairperson of Nomination and Remuneration Committee)
  • Mr. Bharat Khanna, Non-Executive Independent Director (Chairperson of Audit Committee)

Management Team Present:

  • Mr. Ranjit Batra, Chief Executive Officer
  • Mr. Paresh Bafna, Chief Financial Officer
  • Ms. Zarina Chinoy, General Counsel
  • Mr. Pradip Bhatambrekar, Company Secretary and Compliance Officer

Absent Board Member:

  • Mr. Asheesh Mohta, Non-Executive Non-Independent Director (due to personal reasons)

External Representatives:

  • Statutory Auditors: SRBC and Co. LLP
  • Secretarial Auditors: SVD and Associates
  • Scrutinizer: Mehta and Mehta, Company Secretaries

Financial Performance Highlights (Consolidated FY26)

  • Revenue: ₹2,666 crore (up 24% year-over-year)
  • EBITDA: ₹1,299 crore (growth of 28%)
  • EBITDA Margin: 49% (improved from 47% previous year)
  • Profit After Tax: Crossed ₹500 crore for the first time
  • Earnings Per Share: ₹18.23 (increased from ₹6.83 a year earlier)

Business Resolutions Transacted

Two ordinary resolutions were considered:

1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Atul Ishwardas Chordia (DIN: 00054998) as director liable to retire by rotation

Voting Process

  • E-voting facility was available for 3 days from August 23, 2026 (9:00 AM) to August 25, 2026 (5:00 PM)
  • Ms. Ashwini Inamdar, Senior Partner at Mehta & Mehta, was appointed as scrutinizer for the e-voting process
  • Insta-poll voting was conducted during the meeting for members who had not voted remotely
  • Results of remote e-voting and meeting voting will be reconciled and declared within two working days after AGM conclusion
  • Results will be placed on company website and submitted to stock exchanges

Additional Information

  • The meeting was conducted in compliance with MCA and SEBI circulars for virtual meetings
  • Proceedings were recorded and will be available on company website within statutory timeframe
  • Annual Report along with notice and e-voting instructions was sent to members via email
  • Shareholders had opportunity to ask questions during the meeting, which were addressed by Chairman, CEO, CFO, and CS
  • 15 dedicated minutes were provided for members to vote who had not cast votes through remote e-voting