Meeting Details

The Twenty Seventh AGM was held on Thursday, 13th August 2026 at 4:00 PM (IST). The venue was Tango Hall, Gateway Aurangabad, 8-N-12, CIDCO, Dr. Rafiq Zakaria Marg, Rauza Bagh, Chh. Sambhajinagar – 431 003, Maharashtra.

Attendance and Presiding Officer

  • Mr. Indrajit Banerjee, Chairman of the Board of Directors and the Stakeholders' Relationship Committee, presided as the Chairman of the meeting.
  • A total of 57 members attended the meeting, and the requisite quorum was present.
  • Board members present included:
  • Mr. Shyamak R. Tata, Independent Director and Chairman of the Audit Committee
  • Mrs. Dipali Sheth, Independent Director and Chairperson of the Nomination and Remuneration Committee
  • Mr. Anurang Jain, Managing Director and Chairman of the Risk Management Committee and the Corporate Social Responsibility Committee
  • Mr. Alfredo Altavilla, an Independent Director, was unable to attend due to an unforeseen exigency.
  • Representatives from the Statutory Auditors (M/s. S R B C & Co. LLP), Cost Auditor (Mr. Jayant Galande), and Secretarial Auditor/Scrutiniser (Mr. Jayavant Bhave of M/s. J. B. Bhave & Co.) were also present.

Resolutions Proposed and Voted Upon

Ordinary Business

1. Adoption of the audited standalone financial statements for the financial year ended 31st March 2026, together with reports of the Board of Directors and Auditors.

2. Adoption of the audited consolidated financial statements for the financial year ended 31st March 2026, together with the report of the Auditors.

3. Declaration of dividend on 14,06,62,848 equity shares at the rate of ₹11.50 per equity share (115%) for FY ended 31st March 2026.

4. Re-appointment of Mr. Massimo Venuti (DIN: 06889772) as a Director liable to retire by rotation.

Special Business

5. Ratification of remuneration of ₹5,50,000 payable to Mr. Jayant B. Galande, Cost Auditor, for audit of cost records for FY 2026-27.

Voting Process

  • The company provided members the facility to cast votes electronically on all resolutions via remote e-voting.
  • Members present at the meeting who had not cast votes through remote e-voting were eligible to vote at the venue.
  • Mr. Jayavant Bhave, Proprietor of M/s. J. B. Bhave & Co., Practicing Company Secretaries, was appointed as the Scrutiniser to ensure the voting process was conducted in accordance with law and in a fair and transparent manner.

Other Proceedings

  • The statutory registers and records of the company were available for inspection during the meeting.
  • The AGM Notice was sent to all members within the statutory period and was taken as read.
  • There were no qualifications, observations, or comments in the Statutory Auditors' report or Secretarial Auditor's report that had an adverse effect on the functioning of the company.
  • Mr. Anurang Jain, Managing Director, gave an overview of the automotive industry scenario and the company's business and financial performance for FY ended 31st March 2026 and the quarter ended 30th June 2026.
  • A question-and-answer session was held where members raised queries relating to business and operations, which were addressed by the Managing Director.
  • The meeting concluded at 4:58 PM.

Compliance and Reporting

  • The consolidated report of the Scrutiniser on remote e-voting and voting at the AGM, along with the voting results pursuant to Regulation 44(3) of the SEBI LODR, will be submitted separately.
  • The company confirmed that the voting process was conducted in compliance with applicable laws and regulations.