Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

The 38th Annual General Meeting was held on Monday, 28th September, 2026 at 15:00 hours (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in accordance with the provisions of the Companies Act, 2013 and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

The meeting was chaired by Shri Ajit Kumar Panda, Chairman and Managing Director of the Company. Attendees included all directors of the Company, representative of the President of India for Government of India (GOI) Shareholding, Pr. Executive Director (Finance) & Company Secretary, representatives of Statutory Auditors & Secretarial Auditors, Scrutinizer & Alternate Scrutinizer, and Corporate Governance Certification Auditor.

Proposed Resolutions and Implications

The following 10 resolutions were presented for shareholder approval at the AGM:

1. To receive, consider, approve and adopt the audited Annual Financial Statements (Standalone and Consolidated) of the Company for the year ended 31st March, 2026 including Balance sheet as at 31st March 2026, the Statement of Profit & Loss for the year ended on that date and Reports of Directors & Auditors and Comments of C&AG of India thereon (Ordinary Resolution)

2. Confirmation of the payment of three Interim dividends and to declare Final dividend on equity shares for the financial year ended 31st March, 2026 (Ordinary Resolution)

3. To appoint a Director in place of Shri Vijoy Kumar Singh, Director (International Marketing & Operations) (DIN: 10391476) who retires by rotation and being eligible, offers himself for reappointment (Ordinary Resolution)

4. To take note of the appointment of M/s. Hem Sandeep & Co., Chartered Accountants, New Delhi, as Statutory Auditors of the Company for FY 2025-26 and fix auditors' remuneration (Ordinary Resolution)

5. To approve the appointment of Shri Ajit Kumar Panda (DIN: 08221385), as Chairman and Managing Director (Ordinary Resolution)

6. To approve the appointment of Shri Rakesh Kumar Rousan (DIN: 11350227) as Part-time Govt. Director (Ordinary Resolution)

7. To approve the appointment of Shri Harbrinder Singh Bajwa (DIN: 11506675) as Director (Domestic Division) (Additional Charge) (Ordinary Resolution)

8. To approve the appointment of Shri Vivek Gupta (DIN: 11674836) as Director (Finance) (Ordinary Resolution)

9. To approve the appointment of Shri V. Kashiho Sangtam (DIN: 11911049) as Non-official Part Time Director (Special Resolution)

Voting Process and Methods

The Company provided members with remote e-voting facility to cast their votes electronically on the electronic voting platform of National Securities Depository Limited (NSDL). The cut-off date for voting was 21st September, 2026, and the e-voting period was from 09:00 hours of 24th September, 2026 to 17:00 hours of 27th September, 2026.

Members present at the AGM who had not cast their votes electronically were permitted to cast their votes through electronic means during the meeting.

Shri Deepak Kumar of M/s Akhil Rohatgi & Company, Company Secretaries, was appointed as Scrutinizer and Shri Nagendra Kumar of M/s Amit Agrawal & Associates, Company Secretaries as alternate scrutinizer to scrutinize the remote e-voting process and voting through electronic means at the AGM.

Key Voting Outcomes and Scrutinizer's Role

The document states that voting would be kept open for another 15 minutes during the meeting, and the results would be declared within two working days of the conclusion of AGM upon receipt of the Scrutinizer's Report. The specific voting results (total votes cast, percentage in favor/against, participation breakdown by shareholder category) are not provided in this document but would be placed on the Company's website and forwarded to NSDL and Stock Exchanges separately.

The Scrutinizer was responsible for ensuring fair and transparent voting process and ascertaining the results thereof.

Compliance with Laws and Regulations

The meeting was conducted in compliance with the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The document confirms that all regulatory requirements for conducting the AGM through VC/OAVM were followed as per MCA and SEBI circulars.

Financial and Operational Highlights from Chairman's Speech

The Chairman reported record operational performance with highest-ever throughput of 5.58 million TEUs during 2025-26, registering 9.56% growth (EXIM growth 8%, domestic 14.6%). CONCOR's share of containerized cargo carried by rail rose to 51.02 million tonnes, up 2.82%.

Financial performance included highest-ever total income of ₹9,443 crores and net consolidated profit of ₹1,246 crores. Net worth stood at ₹13,052 crores. Dividend of ₹8.60 per share (172%) totaling ₹655 crores was paid, representing 53.6% of net profit.

Capital expenditure of ₹1,085 crores was incurred on terminal network expansion, acquisition of indigenous wagons, containers, handling equipment and IT systems.

Strategic Initiatives and Future Plans

The Company outlined expansion plans targeting 100 terminals (from current 68), 500 rakes (from 444), and 70,000 containers (from 58,000). Key initiatives included:

  • Commencement of movement of export-import cargo in company's own containers
  • Operation of 6,396 Double-stack container trains
  • New terminals at Mandalgarh, Kadakola, Jajpur and Paradip
  • Diversification into air cargo business through CONCOR Air Limited
  • LNG truck fleet expansion (230 trucks) and establishment of LNG stations
  • Green logistics initiatives including electric reach stackers and solar power
  • MOU for setting up Bharat Container Shipping Line with 30% share