Event Details
- Event: 18th Annual General Meeting
- Date: September 11, 2026
- Time: Commenced at 11:30 AM IST, concluded at 12:10 PM IST (40 minutes duration)
- Mode: Conducted through Video Conferencing (VC) / Other Audio Video Means (OAVM)
- Deemed Venue: Registered office at B-2 & B-3, B Wing, 3rd Floor, Ashar IT Park, Road No 16-Z, Wagle Industrial Estate, Thane - 400604
- Compliance: Conducted in compliance with MCA and SEBI circulars and provisions of Companies Act, 2013
Attendance
Directors and Key Managerial Personnel:
- Mr. Rakesh Markhedkar, Chairman and Managing Director
- Mr. Avinash Markhedkar, Whole Time Director and CSR Committee Chairperson
- Mr. Nakul Markhedkar, Whole Time Director and Risk Management Committee Chairperson
- Mr. Rakesh Kumar Sharma, Independent Director and Nomination and Remuneration Committee Chairperson
- Mr. Arun Unhale, Independent Director and Stakeholders Relationship Committee Chairperson
- Ms. Priti Savla, Independent Director and Audit Committee Chairperson
- Mr. Ashish Bahety, Chief Financial Officer
- Ms. Kajal Rakholiya, Company Secretary and Compliance Officer
Other Representatives:
- Mr. Devang Jain, Representative of M/s. Walker Chandiok & Co LLP, Statutory Auditors
- Mr. Ramlakhan Ahirwar of M/s. R. R. Ahirwar & Associates, Cost Auditors
- Ms. Geeta Canabar of M/s. Geeta Canabar & Associates, Secretarial Auditors and Scrutinizer
Quorum: 55 members were present in the meeting.
Voting Process
- Remote e-voting was available to members holding shares as of September 4, 2026 (cutoff date)
- Remote e-voting period: September 7, 2026 (9:00 AM IST) to September 10, 2026 (5:00 PM IST)
- E-voting during AGM was available for members who hadn't voted remotely
- Ms. Geeta Canabar was appointed as Scrutinizer for both remote e-voting and e-voting during AGM
- Voting results to be announced and submitted to stock exchanges and company website
- E-voting facility remained open for 30 minutes after AGM conclusion
Agenda Items Considered
Ordinary Business:
1. Adoption of audited financial statements for FY ended March 31, 2026 (standalone and consolidated) with Board and Auditor reports
2. Appointment of Mr. Nakul Markhedkar (DIN: 07028044) as Director retiring by rotation
3. Declaration of dividend on equity shares for FY ended March 31, 2026
Special Business:
4. Amendment of Object Clause of Memorandum of Association
5. Alteration of Articles of Association
6. Approval of limits under Section 180(1)(a) of Companies Act, 2013
7. Approval of borrowing limits under Section 180(1)(c) of Companies Act, 2013
8. Approval of limits under Section 186 for loans, guarantees, securities and investments
9. Ratification of remuneration of Cost Auditors for FY ending March 31, 2027
10. Approval for payment of remuneration to Mrs. Kanchan Markhedkar, KMP and CHRO (related party)
11. Approval for payment of remuneration to Mr. Vipul Markhedkar, KMP and CBO (related party)
12. Issuance of Senior, Secured/Unsecured, Rated, Listed/Unlisted, Taxable, Redeemable, Non-Convertible Debentures/Market Linked Debentures (NCDs) or other Debt Securities for amount not exceeding ₹1000 Crores on Private Placement and/or Public Issue basis
Proceedings Summary
- Company Secretary welcomed members and explained voting procedures
- Chairman presented company performance for FY ended March 31, 2026, including business and strategic initiatives, expansion in renewable energy segment, execution capabilities, order book position, business outlook, and focus on sustainable value creation
- Company Secretary read all agenda items from the notice dated August 11, 2026
- Members were provided opportunity to seek clarifications and raise questions, which were addressed by Chairman and management
- Meeting concluded with Chairman's thanks to members
Additional Information
- Video recording of AGM proceedings available on YouTube: https://www.youtube.com/watch?v=o34Qjv2oUNE
- Information also available on company website: www.vikrangroup.com