Meeting Details

The 40th AGM was held on Friday, 5th June, 2026 through Video Conferencing/Other Audio Visual Means. The meeting commenced at 3:30 p.m. and concluded at 4:20 p.m. The meeting was deemed to be held at the Registered Office of the Company at Regent Chambers, 7th Floor, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai 400 021.

Attendance

Directors Present: Shri M.B. Parekh (Chairman & Managing Director), Shri N.K. Parekh (Director), Shri A.B. Parekh (Director), Shri P.D. Shah (Director), Shri L Viswanathan (Director and Chairman of Audit Committee and Nomination and Remuneration Committee), Smt. Shailashri Bhaskar (Director and Chairperson of Stakeholders Relationship Committee), Shri Kavinder Singh (Director), Smt. Gira Sardesai (Director).

In Attendance: Ms. Aarti Falorh (Company Secretary and Compliance Officer), Shri Sayantan Mallick (Chief Financial Officer), Shri Mehul Gada (Authorised Representative of M/s. Mehul Gada & Associates, Chartered Accountants, Statutory Auditors), Shri Mitesh Dhabliwala (Authorised Representative of M/s. Parikh & Associates, Practising Company Secretaries, Secretarial Auditors).

Total 48 Members were present including those mentioned above.

Voting Arrangements

Remote e-voting was conducted through National Securities Depository Limited (NSDL) from Tuesday, 2nd June, 2026 at 9:00 a.m. to Thursday, 4th June, 2026 at 5:00 p.m. Electronic voting facility was also available during the AGM, remaining open until 15 minutes after closure of the meeting.

Resolutions Passed

All seven resolutions set out in the Notice dated 24th April, 2026 were passed with requisite majority:

Ordinary Business

1. Adoption of Audited Financial Statements for FY ended 31st March, 2026: 90,32,861 votes in favor (99.99%), 5 votes against (0.01%)

2. Declaration of Dividend: Dividend of ₹7 per equity share of Re. 1 on 1,83,37,111 equity shares, absorbing ₹12,83,59,777 from current year's profit. Record date: 22nd May, 2026. 90,32,866 votes in favor (100%), 0 votes against (0.00%)

3. Re-appointment of Shri N.K. Parekh (DIN: 00111518) as Director liable to retire by rotation (already attained age of 75 years)

Special Business

4. Approval of Material Related Party Transactions with Pidilite Industries Limited: Approval for continuing/existing contracts and entering new contracts for sale of company's goods/products/materials with Pidilite Industries Limited (promoter company) for aggregate value not exceeding ₹1300 Crores for period from 1st April, 2026 till conclusion of AGM for FY ending 31st March, 2027. 2,01,728 votes in favor (99.06%), 1,905 votes against (0.94%)

5. Re-appointment of Shri M.B. Parekh (DIN: 00180955) as Managing Director for further period of 5 years with effect from 1st April, 2027. 90,30,961 votes in favor (99.98%), 1,905 votes against (0.02%)

6. Approval for payment of commission to Non-Executive Directors: Not exceeding 1% per annum of net profits to be distributed amongst Non-Executive Directors for period of five years commencing from 1st April, 2027. 90,30,961 votes in favor (99.98%), 1,905 votes against (0.02%)

7. Re-appointment of Shri P.D. Shah (DIN: 00286277) as Independent Director for second term of five consecutive years from 6th October, 2026 to 5th October, 2031. 90,32,861 votes in favor (99.99%), 5 votes against (0.01%)

Other Proceedings

The Chairman delivered a speech covering key highlights on company's performance, financials, and outlook. Total 9 shareholders spoke/raised queries on financial performance and other relevant matters. Necessary clarifications/responses were provided by the Chairman.

M/s. Parikh & Associates, Practising Company Secretaries were appointed as Scrutiniser for scrutinizing votes. The results of voting were published on the company website and NSDL, and intimated to BSE and NSE.

Date of Entry in Minutes Book

22nd June, 2026