Meeting Details

The 12th Annual General Meeting (AGM) of Venus Pipes & Tubes Limited was held on Friday, September 11, 2026 at 04:00 PM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with Circular No. 03/2025 dated September 22, 2025 issued by the Ministry of Corporate Affairs and Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024 issued by SEBI.

Meeting Proceedings

Mr. Arun Axaykumar Kothari, Chairman of the Board, chaired the meeting. The requisite quorum was ascertained and the meeting was called to order. Proxy procedures were dispensed with as the meeting was held through VC.

Mr. Pavan Kumar Jain, Company Secretary and Compliance Officer, informed members that the Register of Directors and Key Managerial Personnel and their shareholding, Register of Contracts in which Directors are interested, and other mandated documents were available for electronic inspection upon request to cs@venuspipes.com.

Voting Information

The company provided remote e-voting facility through Kfin Technologies Limited (Kfintech) from September 7, 2026 at 09:00 AM IST to September 10, 2026 at 5:00 PM IST. Mr. Piyush Prajapati of M/s Piyush Prajapati & Associates, Practicing Company Secretaries was appointed as Scrutinizer for both remote e-voting and e-voting during the AGM.

Voting results (remote e-voting and electronic voting during the meeting) will be disseminated to stock exchanges and uploaded on the company website and KFin Technologies e-Voting platform on or before September 13, 2026.

Business Items Voted Upon

Members voted on the following business items during the AGM:

Ordinary Business:

  • Item 01: Adoption of financial statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • Item 02: Re-appointment of Mr. Jayantiram Motiram Choudhary (DIN 02617118) as director retiring by rotation
  • Item 03: Confirmation of Interim Dividend (₹0.50 per equity share, 5%) and declaration of Final Dividend (₹0.50 per equity share, 5%) for FY ended March 31, 2026
  • Item 04: Ratification of remuneration of Cost Auditors for FY 2026-27

Special Business:

  • Item 05: Re-appointment of Mr. Arun Axaykumar Kothari (DIN: 00926613) as Managing Director
  • Item 06: Re-appointment of Mr. Dhruv Mahendrakumar Patel (DIN: 07098080) as Whole-time Director
  • Item 07: Re-appointment of Mr. Megharam Sagramji Choudhary (DIN: 02617107) as Whole-time Director
  • Item 08: Re-appointment of Mr. Kailash Nath Bhandari (DIN: 00026078) as Independent Director
  • Item 09: Re-appointment of Mr. Shyam Agrawal (DIN: 03516372) as Independent Director
  • Item 10: Re-appointment of Mr. Pranay Ashok Surana (DIN: 05192392) as Independent Director
  • Item 11: Re-appointment of Mrs. Komal Lokesh Khadaria (DIN: 07805112) as Independent Director
  • Item 12: Increase in borrowing limits under Section 180(1)(c) of Companies Act, 2013
  • Item 13: Creation of charges on movable and immovable properties (present and future) for borrowings under Section 180(1)(a) of Companies Act, 2013

Auditor Reports

The Statutory Auditors Report and Secretarial Audit report were confirmed to contain no qualifications, observations, or adverse remarks and were taken as read.

Shareholder Interaction

Registered speakers were invited to pose views/remarks or queries. Mr. Arun Kothari (Chairman and Managing Director) and Mr. Kunal Bubna (Chief Financial Officer) addressed queries raised during the meeting and those received via email.

Meeting Conclusion

The meeting concluded at 04:48 PM IST (including time allowed for e-voting at the AGM).

Additional Information

The proceedings of the 12th AGM will be hosted on the company's website at https://www.venuspipes.com/.