Meeting Details

  • Date: Tuesday, 21st July, 2026
  • Time: 11.30 A.M. to 11.55 A.M.
  • Location: Conducted through video conferencing
  • Type of Meeting: 72nd Annual General Meeting
  • Members Present: 67 (includes Directors and Key Management Personnel)

Proposed Resolutions and Implications

Four resolutions were transacted during the meeting:

Ordinary Business:

1. Adoption of Audited Financial Statements for the year ended 31st March, 2026 along with Auditor's Report and Board's Report

2. Declaration of Final Dividend for the Financial Year 2025-2026

3. Re-appointment of Sri Srivats Ram (DIN: 00063415) as Director who retires by rotation

Special Business:

4. Approval of Material Related Party Transaction with Brakes India Private Limited for Rs. 500 crores

Voting Process and Methods

  • Remote E-Voting was available prior to the meeting
  • E-Voting platform provided by CDSL was available during the meeting for members who had not cast votes remotely
  • Physical polling was not conducted due to video conferencing format

Key Voting Outcomes

The document states that the results of the remote e-voting and e-voting at the AGM would be announced to the Stock Exchange and uploaded in the company website within 2 working days of the conclusion of the meeting. Specific voting numbers and percentages are not provided in this document.

Scrutinizer Appointment and Role

  • Sri M Damodaran of Damodaran & Associates LLP was appointed as Scrutinizer for conducting the e-voting process
  • The scrutinizer was responsible for overseeing the voting process and validating results

Compliance Confirmation

The meeting was conducted in compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act requirements for AGM proceedings
  • The Auditors' Report on the financial statements for the year ended 31st March 2026 was an unmodified report

Financial and Operational Highlights from Chairman's Speech

  • Indian automobile industry contributes approximately 6% of India's GDP
  • Auto component industry contributes about 2.3% of GDP
  • Company recorded revenue growth of 6.12% during the year under review
  • Company opened ten additional branches during the year, reaching total of 90 branches nationwide
  • Interim dividend of Rs. 10/- per share paid in February 2026
  • Final Dividend of Rs. 23/- per share recommended, making total dividend Rs. 33/- per share for 2025-2026

Outlook and Guidance

  • Increasing vehicle parc in both Passenger Vehicle & Commercial Vehicle segments expected to drive growth
  • Focus on expanding network and improving availability of genuine parts across country
  • Liquidity expected to remain tight, improvement anticipated in second half of financial year
  • El Nino phenomenon may delay south west monsoon, potentially decreasing consumption in rural and farm sectors

Additional Information

  • Company Address: IMPAL Sundaram Towers, 3rd Floor, 46, Whiles Road, Chennai 600 014
  • The entire business mentioned in the notice was transacted during the meeting