The AGM was held on Wednesday, September 23, 2026, from 11:00 a.m. to 11:30 a.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI, and as per the provisions of the Companies Act, 2013.
Meeting Proceedings
- The meeting was chaired by Mr. Vinod Saraf, Chairman of the Company.
- Quorum requirements under Section 103 of the Companies Act, 2013 were met.
- All Board members were present. Also in attendance were Senior Management Personnel, representatives of the Statutory Auditors (M. M. Nissim & Co. LLP, Chartered Accountants), the Secretarial Auditor, and the Scrutinizer (VKM & Associates, Practicing Company Secretaries).
- The Chairman noted that the Statutory Auditors' Report and Secretarial Audit Report contained no qualifications, observations, or adverse remarks.
- Remote e-voting was available to shareholders from September 18, 2026 (09:00 a.m. IST) to September 22, 2026 (05:00 p.m. IST). E-voting was also available during the meeting for shareholders who had not voted remotely.
Resolutions Presented
Ordinary Business:
- Item No. 1: Ordinary Resolution to adopt (a) the audited standalone financial statements for FY ended March 31, 2026, along with reports of the Board of Directors and Statutory Auditor, and (b) the audited consolidated financial statements for FY ended March 31, 2026, with the Statutory Auditor's report.
- Item No. 2: Ordinary Resolution to declare and confirm a final dividend of ₹8.50 per equity share (face value ₹1 each) for financial year 2025–26.
- Item No. 3: Ordinary Resolution to reappoint Ms. Viral Saraf Mittal (DIN: 02666028) as a director, who retired by rotation and offered herself for reappointment.
Special Business:
- Item No. 4: Ordinary Resolution to ratify remuneration payable to the Cost Auditor for Financial Year 2026–27.
- Item No. 5: Special Resolution to approve revision in remuneration of Mr. Amit Thanawala (DIN: 10864545), Whole Time Director, for the remainder of his tenure effective from April 1, 2026.
Additional Proceedings
- A Q&A session was held where registered speaker shareholders expressed views and raised queries, which were addressed by the Chairman and Managing Director & CEO.
- The e-voting facility on the NSDL platform remained open for an additional 15 minutes after the meeting concluded to allow attendees to cast votes.
- The combined voting results (remote e-voting and AGM e-voting) along with the Scrutinizer's Report will be disseminated to the stock exchanges (BSE and NSE) and uploaded on the company's and NSDL's websites within the statutory timeline under Regulation 44(3) of SEBI (LODR) Regulations, 2015.