Voltas 72nd AGM Approves Dividend, Director Appointments

Meeting Details

• Date: Tuesday, 30th June, 2026
• Time: 3:00 p.m. to 5:30 p.m. (IST)
• Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
• Type of Meeting: 72nd Annual General Meeting
• Reference: Convened pursuant to MCA General Circular No. 20/2020 dated 05th May, 2020 and General Circular No. 03/2025 dated 22nd September, 2025

Attendees

From Company Management:

• Mr. Noel N. Tata (Chairman, Chairman of Shareholders' Relationship Committee and CSR Committee)
• Mr. Mukundan Menon C.P. (Managing Director)
• Mr. K. V. Sridhar (Chief Financial Officer)
• Mr. Ratnesh Rukhariyar (Company Secretary & Compliance Officer)

Directors (attended via VC):

• Mr. Pheroz Pudumjee (Chairman of Nomination & Remuneration Committee)
• Mr. Jayesh Merchant (Chairman of Audit Committee and Risk Management Committee)
• All other Directors except Mr. Arun Kumar Adhikari (Independent Director who could not attend due to other commitments)

Other Attendees:

• Representatives of SRBC & Co LLP (Statutory Auditors)
• Representatives of M/s. N. L. Bhatia & Associates (Secretarial Auditors)
• Mr. Bhaskar Upadhyay, Partner of M/s. N. L. Bhatia & Associates (Scrutinizer)

Voting Process

• The company provided facility for remote e-voting through NSDL system before the meeting
• E-voting facility was also made available during the meeting for members who had not cast votes earlier
• The requirement of appointing proxies was not applicable as there was no physical attendance
• Mr. Bhaskar Upadhyay was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting at AGM
• E-voting remained open for 15 minutes after conclusion of meeting proceedings

Resolutions Proposed and Outcomes

All seven resolutions set out in the Notice dated 14th May, 2026 were put to vote and declared passed with requisite majority as per the Scrutinizer's Report received after conclusion of the meeting.

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for year ended 31st March, 2026 together with Reports of Board of Directors and Auditors - Ordinary Resolution

2. Adoption of Audited Consolidated Financial Statements for year ended 31st March, 2026 together with Report of Auditors - Ordinary Resolution

3. Declaration of dividend of ₹4 per Equity Share of ₹1 each for financial year ended 31st March, 2026 - Ordinary Resolution

4. Re-appointment of Mr. Mukundan Menon C.P. (DIN: 09177076) as Director retiring by rotation - Ordinary Resolution

5. Re-appointment of Mr. Vinayak Deshpande (DIN: 00036827) as Director retiring by rotation - Ordinary Resolution

Special Business:

6. Appointment of Mr. Sunil Alaric D'Souza (DIN: 07194259) as Non-Independent Non-Executive Director - Ordinary Resolution

7. Ratification of remuneration of M/s Sagar and Associates, Cost Accountants, as Cost Auditors for financial year ending 31st March, 2027 - Ordinary Resolution

Additional Proceedings

• The Notice convening the 72nd AGM was taken as read with consent of members
• Auditors Report on Financial Statements and Secretarial Audit Report had no qualifications, reservations, observations, adverse remarks or disclaimer, so were not read at meeting
• Chairman made opening remarks on business operations and financial performance
• Chairman responded to questions asked by members
• Registers as required under Companies Act, 2013 were available for inspection

Post-Meeting Compliance

• Consolidated voting results along with Scrutinizer's Report were to be submitted to Stock Exchanges
• Results were to be made available on company website and NSDL website on or before 2nd July, 2026
• The Scrutinizer's Report confirmed all resolutions passed with requisite majority