Walchand PeopleFirst Limited held its 106th Annual General Meeting (AGM) on Thursday, 30th July 2026 at 3:00 PM IST. The meeting was conducted entirely through Video Conferencing (VC) without physical attendance, in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI, as well as the Companies Act, 2013 and secretarial standards.
The meeting was chaired by Ms. Pallavi Jha, Chairperson of the Company. All five directors, including independent directors and committee chairpersons, attended the AGM. Representatives from statutory auditors, secretarial auditor, and scrutinizers were also present.
Attendance
- Total shareholders attended: 32 (folio-based count)
- Promoter and Promoter Group: 2 shareholders
- Public shareholders: 30 shareholders
- No shareholders attended in person or through proxy
Voting Process
The company utilized National Securities Depositories Limited (NSDL) for remote e-voting and AGM participation facilities:
- Remote e-voting period: Monday, 27th July 2026 at 09:00 AM to Wednesday, 29th July 2026 at 5:00 PM
- E-voting during AGM: Kept open for 15 minutes for members who hadn't voted remotely
- Scrutinizer: Mr. Vaibhav Dandawate of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries (appointed by Board on 14th May 2026)
Business Transacted
The following ordinary resolutions were placed before and approved by shareholders:
1. Adoption of Financial Statements: Receipt, consideration, and adoption of Audited Financial Statements for the financial year ended 31st March 2026, together with reports of Board of Directors and Auditors.
2. Final Dividend Declaration: Declaration of a final dividend at the rate of ₹1 (Rupee One only) per equity share of ₹10 each, representing 10% for the financial year ended 31st March 2026.
3. Director Re-appointment: Re-appointment of Mr. Sanjay Jha (DIN: 00068519) as Whole Time Director, who retired by rotation and offered himself for re-appointment.
Meeting Proceedings
The meeting commenced at 3:00 PM and concluded at 3:49 PM. The chairperson declared the meeting valid as requisite quorum was present through video conference. The Notice of AGM and Annual Report for FY ended 31st March 2026 were taken as read since they had been previously circulated to members.
The chairperson delivered a speech covering business performance highlights, financials, and outlook. Members who registered as speakers were given the opportunity to address the meeting through video conferencing.
The scrutinizer's report was received on 30th July 2026, confirming all resolutions were passed with requisite majority. Results were to be informed to BSE Limited and placed on NSDL's website.