Meeting Details

  • Date: Thursday, August 20, 2026
  • Time: 11:00 a.m. IST to 12:40 p.m. IST
  • Venue: Conducted through Video Conference/Other Audio-Visual Means (VC/OAVM)
  • Type: Annual General Meeting

Proposed Resolutions and Implications

The following 14 resolutions were transacted:

Ordinary Business

1. Adoption of audited financial statements (standalone and consolidated) for FY ended March 31, 2026, along with reports of Board of Directors and Auditors

2. Declaration of final dividend of ₹3 per equity share (face value ₹10 each) at 30% rate for FY 2025-26

3. Re-appointment of Mr. Rajesh Mandawewala (DIN: 00007179) who retires by rotation

4. Ratification of remuneration payable to Statutory Auditors for FY 2026-27

5. Ratification of remuneration payable to Cost Auditors for FY 2026-27

6. Ratification of remuneration payable to Secretarial Auditors for FY 2026-27

9. Approval for material related party transactions

12. Approval for grant of Employee Stock Options to Mr. Deepak Chauhan (DIN: 01694550), Director – Legal & Ethics

Special Business

7. Approval for Private Placement of securities up to ₹1,000 Crore

8. Approval for issuance of securities through Private Placement/Preferential Allotment/QIP and/or other permissible modes

10. Re-designation and Re-appointment of Mr. Balkrishan Goenka (DIN: 00270175) as Non-Executive Director designated as Chairman, and approval of remuneration payable

11. Re-appointment of Mr. Sandeep Garg (DIN: 00036419) as Managing Director and remuneration payable

13. Approval for revision in remuneration of Independent Directors

14. Approval for payment of additional remuneration to Independent Directors for FY 2025-26

Voting Process and Methods

  • Remote e-voting facility was provided to all members
  • Voting period: Monday, August 17, 2026 at 09:00 a.m. IST to Wednesday, August 19, 2026 at 05:00 p.m. IST
  • Members who did not vote remotely could cast votes electronically during the meeting
  • Physical polling was not conducted due to virtual meeting format

Attendance and Participation

  • Total members present: 50
  • Promoters and Promoter Group: 5 members
  • Public shareholders: 45 members

Key Attendees:

  • Mr. S Madhavan (Chairman and Non-Executive Director, Promoter)
  • Mr. Raghav Chandra (Lead Independent Director)
  • Dr. Aruna Sharma (Independent Director)
  • Dr. Anoop Kumar Mittal (Independent Director)
  • Mr. Rajesh R. Mandawewala (Non-Executive Director & Promoter)
  • Mr. Sandeep Garg (Managing Director)
  • Mr. Deepak Chauhan (Director - Legal & Ethics)
  • Mr. Abhishek Chaudhary (CEO – Transportation Vertical)
  • Mr. Lalit Jain (CFO)
  • Ms. Nidhi Tanna (Company Secretary & Compliance Officer)
  • Representatives from Statutory Auditors (M/s. Suresh Surana & Associates LLP)
  • Representatives from Secretarial Auditors (M/s. Mihen Halani & Associates)

Scrutinizer Appointment

Mr. Mihen Halani, Partner of M/s. Mihen Halani & Associates, Practicing Company Secretaries was appointed as Scrutinizer to supervise the e-voting process in a fair and transparent manner.

Voting Results Announcement

The voting results were scheduled to be announced on or before August 21, 2026, with intimation to stock exchanges and placement on the company website and depositories.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Circulars issued by Ministry of Corporate Affairs and SEBI
  • All required registers and documents were made available electronically for inspection

Additional Proceedings

  • Chairman provided business performance overview and future outlook
  • Highlighted strategic developments, awards, and ESG/CSR initiatives for FY 2025-26
  • No qualifications, observations or adverse comments on financial statements as of March 31, 2026
  • Members' queries were addressed through VC/OAVM, audio, and email channels