Meeting Details

  • Date and Time: Monday, September 28, 2026 at 04:30 P.M.
  • Venue: Held through Video Conferencing (VC)
  • Type of Meeting: 31st Annual General Meeting
  • Members Attending: 53 members attended virtually/through authorized representatives
  • Quorum: The requisite quorum as required under Section 103 of the Companies Act, 2013 was present throughout the meeting

Attendees

Board Members Present:

  • Mr. Vish Tadimety, Chairman and Non-Executive Director
  • Mr. Justin Bharucha, Independent Director
  • Mr. Ramasubramanian S., Executive Director
  • Ms. Angela C. Wilcox, Independent Director
  • Ms. Amogha Tadimety, Non-Executive Director
  • Mr. Anant Amdekar, Independent Director
  • Mr. Praveen Agarwal, VP & CFO
  • Mr. Saumitra Banerjee, VP – Corporate Strategy & Business Development
  • Mr. Steven Jeske, Non-Executive Director
  • Mr. Haresh Desai, Independent Director and Chairman of Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee
  • Mr. Rahul Mehta, Independent Director

Other Attendees:

  • Representatives of Statutory Auditors, Internal Auditors, and Secretarial Auditors
  • Ms. Sarita Leelaramani, Company Secretary and Compliance Officer

Proposed Resolutions

The following four ordinary resolutions were proposed for shareholder approval:

1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for the financial year ended March 31, 2026, together with report of Auditors

3. Declaration of Dividend at the rate of ₹4 per equity share (face value ₹10 each) for the financial year ended March 31, 2026

4. Re-appointment of Mr. Vish Tadimety (DIN: 00008106) as Director who retires by rotation

Voting Process

  • Scrutinizer Appointment: M/s. Kumashi & Associates, Company Secretaries (C.P. No.: 26401) was appointed as Scrutinizer for remote e-voting and votes cast during the meeting
  • Remote E-voting Period: Commenced on Friday, September 25, 2026 at 9:00 a.m. (IST) and concluded on Sunday, September 27, 2026 at 5:00 p.m. (IST)
  • E-voting Provider: MUFG Intime India Private Limited
  • Voting Methods: Remote e-voting and e-voting during the AGM for those who hadn't voted remotely
  • Proxy Voting: Not permitted as per MCA and SEBI circulars
  • Results Declaration: To be declared not later than 2 working days after the meeting conclusion upon receipt of Scrutinizer's report

Financial Performance Highlights (FY26)

The Chairman presented the following financial highlights:

  • Total Revenue: ₹2,630.3 million (2.7% growth from ₹2,561.3 million in FY25)
  • Operating Revenue: ₹2,371.5 million (compared to ₹2,359.0 million in FY25)
  • Total Comprehensive Income: ₹393.48 million (9.4% growth from ₹359.66 million in previous year)
  • EBITDA: ₹446.2 million
  • EBITDA Margin: 17.0%
  • Net Income: ₹304.3 million
  • Net Margin: 11.6%
  • Balance Sheet: Debt-free with strong cash position
  • Q4 Performance: Operating revenue up approximately 8% quarter-over-quarter with stable net margin of around 10%

Shareholder Returns

  • Annual Dividend: ₹4 per equity share
  • Special Dividend: ₹20 per equity share (face value ₹10 per share) amounting to ₹622.6 million
  • Share Buyback: Approved on May 13, 2026 for up to 850,000 fully paid-up equity shares (approximately 2.73% of paid-up equity share capital as of March 31, 2026) at ₹170 per share for aggregate consideration of up to ₹144.5 million

Compliance and Documentation

  • Audited Financial Statements, Board's Report with annexures, and Statutory Auditors' Report were laid on the table
  • Register of Members, Register of Directors' shareholdings, and Register of Contracts and arrangements were available for inspection
  • Statutory Auditor's Report had no qualifications, disclaimer, reservation, or adverse remarks

Meeting Proceedings

  • The Company Secretary welcomed shareholders and explained VC participation instructions
  • Question and Answer session was conducted with registered speakers
  • The meeting concluded at 05:15 p.m.
  • E-voting platform remained open for an additional 30 minutes after meeting conclusion