Meeting Details

The 45th Annual General Meeting was held on Tuesday, July 28, 2026, from 11:00 a.m. IST to 12:17 p.m. IST through Video Conferencing or Other Audio Visual Means (VC/OAVM). The meeting was convened in compliance with the Companies Act, 2013, SEBI Listing Regulations, and circulars issued by MCA and SEBI.

Proposed Resolutions and Implications

1. To receive, consider and adopt the audited financial statements (including consolidated financial statements) of the Company for the Financial Year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon. (Ordinary Resolution)

2. To declare dividend of ₹40 per equity share of Re. 1 each (4000%), comprising of Final Dividend of ₹10 per equity share (1000%) and Special Dividend of ₹30 per equity share (3000%) for the Financial Year ended March 31, 2026. (Ordinary Resolution)

3. To appoint Mr. Sunil Malhotra (DIN: 00361641) in place of Mr. Sunil Malhotra who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and offers himself for re-appointment. (Ordinary Resolution)

4. Ratification of the remuneration of the Cost Auditors for the Financial Year ending 31st March, 2027. (Ordinary Resolution)

Voting Process

The Company provided facility for remote e-voting through MUFG Intime India Private Limited system. E-voting commenced on Friday, 24th July, 2026 from 9:00 a.m. IST and was open till Monday, 27th July 2026, 5:00 p.m. IST. Facility for voting through e-voting system was also made available during the meeting for members who had not cast their vote prior to the Meeting.

Key Meeting Outcomes and Participation

  • Total number of shareholders who attended the meeting through VC/OAVM: 75
  • 13 shareholders who had registered themselves as speakers expressed their views and raised questions
  • The Managing Director and Chief Financial Officer addressed all questions raised by shareholders
  • The remote e-voting facility remained open for 15 minutes post conclusion of the AGM
  • Voting results will be announced within 2 working days of the conclusion of the Meeting and intimated to stock exchanges

Directors and Key Personnel Present

  • Mr. Parameswaranpillai Prasad Naga - Non-Executive Independent Director and Chairman of the Audit Committee (Chairman of the meeting)
  • Mr. Suresh Kalra - Managing Director & CEO and Chairman of the Corporate Social Responsibility Committee
  • Mr. Harsh Malhotra - Executive Director
  • Mrs. Prajnaparamita Sarkar - Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee and Stakeholders' Relationship Committee
  • Mr. Rakesh Shrivastava - Non-Executive Independent Director
  • Mr. Sunil Malhotra - Non-Executive Non-Independent Director
  • Mr. Shashikant Bharuka - Chief Financial Officer
  • Mr. Pravin Chavan - Company Secretary & Compliance Officer

Representatives of Statutory Auditors, Secretarial Auditors and Scrutinizer were also present.

Additional Information

  • The Board approved shifting of the Registered Office to 506, Tulsiani Chambers, 5th Floor, Nariman Point, Mumbai - 400021 with effect from August 1, 2026
  • No qualifications, observations or adverse remarks in the reports of the Statutory Auditors or Secretarial Auditors
  • No authorized representations received from Body Corporate Shareholders under Section 113 of the Act
  • Registers were available for inspection electronically

Compliance Confirmation

The meeting was conducted in compliance with applicable provisions of the Companies Act, 2013, SEBI Listing Regulations, Secretarial Standard-2 (SS-2), and circulars issued by MCA and SEBI.