Meeting Details
- Date: Monday, September 28, 2026
- Time: Commenced at 11:30 A.M. (IST) and concluded at 12:33 P.M. (IST)
- Location: Held through Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Type: 42nd Annual General Meeting
- Attendance: 81 Members attended the meeting
Proposed Resolutions and Implications
The following eight resolutions were placed before members for consideration and approval:
1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors
2. Ordinary Resolution: Declaration of Final Dividend of ₹20 per equity share for FY ended March 31, 2026
3. Ordinary Resolution: Re-appointment of Mr. Sun Yajie (DIN: 11191121) who retires by rotation
4. Special Resolution: Appointment of Mr. Wang Dazhong (DIN: 11849911) as Chairman & Managing Director
5. Special Resolution: Appointment of Mr. Sethuraman Shanmugasundaram (DIN: 11871332) as Whole-time Director designated as Chief Operating Officer
6. Special Resolution: Appointment of Ms. Apurva Pradeep Joshi (DIN: 06608172) as Non-Executive Independent Director
7. Special Resolution: Approval for payment of Commission to Independent Directors
8. Ordinary Resolution: Ratification of Remuneration payable to the Cost Auditor for FY 2026-27
Voting Process and Methods
The voting process included:
- Remote e-voting facility provided through National Securities Depository Limited (NSDL)
- Remote e-voting period: Friday, September 25, 2026 (9:00 A.M. IST) to Sunday, September 27, 2026 (5:00 P.M. IST)
- E-voting during the AGM was also permitted
- Ms. Shaswati Vaishnav, Practising Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting process
Key Financial Highlights from Chairman's Address
- Revenue from operations: ₹1,995.55 crore (up from ₹1,744.69 crore previous year)
- Profit After Tax: ₹185.26 crore (21.20% increase)
- Board recommended final dividend of 200% (₹20 per equity share)
Attendees and Officials Present
The following dignitaries and officials were present at the meeting:
1. Mr. Wang Dazhong - Chairman, Managing Director and Chief Executive Officer
2. Mr. Doraiswami Balaji - Executive Director (Whole-time Director)
3. Mr. Sethuraman Shanmugasundaram - Whole-time Director designated as Chief Operating Officer
4. Mr. Sun Yajie - Non-Executive Non-Independent Director
5. Mr. Subramanyan S. K. - Independent Director and Chairman of the Audit Committee
6. Mr. Ramachandran Sudhinder - Independent Director and Chairman of the Nomination & Remuneration Committee and Corporate Social Responsibility Committee
7. Ms. Nilima Ramrao Shinde - Independent Director and Chairperson of the Stakeholders' Relationship Committee and Risk Management Committee
8. Ms. Apurva Pradeep Joshi - Non-Executive Independent Director
9. Mr. Xie Dongming - Chief Financial Officer
10. Mr. Deepak Vyas - Company Secretary & Compliance Officer
11. Mr. Vikas Chauhan - Senior Manager - Finance
12. Mr. Abhijit Shetye - Partner, P G Bhagwat LLP, Statutory Auditors
13. Ms. Shaswati Vaishnav - Secretarial Auditor & Scrutinizer
Additional Proceedings
- The Statutory Auditor's Report and Secretarial Auditor's Report contained no qualifications, reservations, adverse remarks or disclaimers
- A Question & Answer session was conducted where members raised queries relating to the business and affairs of the Company
- Queries were addressed by Mr. Doraiswami Balaji, Executive Director of the Company
- The consolidated results of voting will be declared within applicable statutory timeline and communicated to Stock Exchanges
Compliance Information
- Conducted in compliance with circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)
- Conducted in accordance with Companies Act, 2013 and rules made thereunder
- The resolutions shall be deemed to have been passed on September 28, 2026, subject to requisite majority being received