Meeting Details

  • Date: Friday, September 25, 2026
  • Time: 11:00 am (IST)
  • Location: Held through Video Conferencing (VC)/ Other Audio Visual Means (OAVM)
  • Type of Meeting: Annual General Meeting

Proposed Resolutions and Implications

The following resolutions, as set out in the notice dated July 29, 2026, were considered at the AGM:

Ordinary Business:

  • Item 1a: To consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors.
  • Item 1b: To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the report of the Auditors.
  • Item 2: To appoint a director in place of Mrs. Aneesha Bhandary (DIN: 07779195), who retires by rotation and offered herself for re-appointment.

Special Business:

  • Item 3: Approval of Related Party Transaction between Shriram Automall India Limited (a subsidiary) with Shriram Finance Limited and CarTradeExchange Solutions Private Limited (a step-down subsidiary) with Shriram Finance Limited, for the financial year 2026-27.

Voting Process and Methods

  • The company provided a Remote E-voting facility through M/s MUFG Intime India Private Limited.
  • The cut-off date for determining member eligibility to vote was Friday, September 18, 2026.
  • The Remote E-voting period commenced on Tuesday, September 22, 2026, at 9:00 a.m. IST and ended on Thursday, September 24, 2026, at 5:00 p.m. IST.
  • Members attending the AGM virtually who had not voted remotely were provided an opportunity to cast their votes through the 'Insta Vote' system during the meeting, which was kept open for 15 minutes.
  • The facility for appointment of Proxies was not available as physical attendance was dispensed with.

Key Voting Outcomes and Scrutinizer's Role

  • Mr. Muffaddal Jawadwala, proprietor of M/s M. Jawadwala & Co., Practicing Company Secretary (Membership No.: A30840, CP No.: 16191), was appointed as the Scrutinizer to scrutinize the entire e-voting process in a fair and transparent manner.
  • The Scrutinizer's report on the voting results was to be communicated to the National Stock Exchange of India Limited and BSE Limited.
  • The report was also to be placed on the Company's website (www.cartradetech.com) and the website of the RTA, MUFG Intime India Private Limited (https://instavote.linkintime.co.in/).
  • The specific vote counts (total votes cast, percentage in favor/against, category-wise participation) are not detailed in this proceeding summary; they are contained in the separate Scrutinizer's Report.

Compliance with Laws and Regulations

The AGM was held in compliance with the applicable provisions of:

  • The Companies Act, 2013 and the rules made thereunder.
  • The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Various circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
  • It was confirmed that the Statutory Auditors' Report and Secretarial Auditor's Report did not contain any qualifications, observations, or other remarks.

Attendees and Signatories

Directors Present:

  • Mr. Vinay Vinod Sanghi, Chairperson and Managing Director
  • Mrs. Aneesha Bhandary, Executive Director and Chief Financial Officer
  • Mr. Victor Anthony Perry III, Non-Executive Director
  • Mrs. Kishori Jayendra Udeshi, Independent Director
  • Mr. Subramanian Lakshminarayanan, Independent Director
  • Mr. Steven Douglas Greenfield, Independent Director

Officer Present:

  • Mr. Lalbahadur Pal, Company Secretary and Compliance Officer

Special Invitees:

  • Mr. Ritesh Gada, Statutory Auditor
  • Mrs. Awadhi Drolia, Statutory Auditor
  • Mr. Ronak Mago, Statutory Auditor
  • Mr. Muffaddal Jawadwala, Scrutinizer and Secretarial Auditor

Attendance: 56 Members attended the meeting virtually.

The letter is signed by Mr. Lalbahadur Pal, Company Secretary and Compliance Officer (Mem. No. A40812).

Additional Financial and Operational Information from Chairman's Address

The enclosed Chairman's address provided a comprehensive business update:

  • Financial Performance for FY26: Total Revenue grew 22% to ₹870 crore. EBITDA increased 70% with a 33% margin. Profit After Tax grew 68% to ₹244 crore.
  • Business Overview: The company operates a large marketplace ecosystem including CarWale, BikeWale, Shriram Automall, CarTrade Exchange, Adroit Auto, and OLX India.
  • Platform Metrics: Over 80 million average monthly unique visitors across brands; OLX India facilitated 2.3 billion chats; the remarketing business handled over 1.7 million auction listings.
  • Cash Reserves: The company reported cash reserves of ₹1,244 crore with zero debt.
  • Outlook: Focus on investing in AI and next-generation marketplace technology to drive future growth.