Meeting Details

The 50th Annual General Meeting was held on Friday, July 31, 2026 at 10:30 AM through Video Conferencing in accordance with Ministry of Corporate Affairs circulars. The meeting commenced at 10:30 AM and concluded at 11:45 AM, with 54 shareholders present.

Leadership and Attendance

Mr. A P M Mohammed Hanish IAS served as Chairman of the meeting.

Directors in attendance included:

  • Mr. Hidehito Jay Araki (Independent Director)
  • Mr. E. Nandakumar (Independent Director)
  • Dr. Justice (Retd.) M. Jaichandren (Independent Director)
  • Mrs. Shirley Thomas (Independent Director)
  • Dr. M. K Chandrasekharan Nair (Independent Director)
  • Dr. Balu Paulose Maliakel (Independent Director)
  • Mr. Praveen Venkataramanan (Managing Director)
  • Mr. Sajiv K. Menon (Non-Executive Non-Independent Director)
  • Mr. Kazuya Hayashi (Non-Executive Nominee Director)

Leave of absence was granted to Mr. Hidenori Takemiya, Mr. Arun K. Vijayan IAS, and Mr. V Ranganathan due to unavoidable commitments.

Also present were representatives of Statutory Auditors, Secretarial Auditors, Chief Operating Officer Mr. Eldhose P Kauma, CFO Mr. Uppiliyappan C., and Company Secretary Mr. Vinod Mohan.

Mr. Abhilash Nediayalil Abraham, Practising Company Secretary, served as Scrutiniser.

Business Transacted

Ordinary Business:

1. Adoption of Financial Statements: Received, considered, and adopted the Audited Standalone Financial Statements for FY2026 ended March 31, 2026, together with Board of Directors Report and Auditors Report, and the Audited Consolidated Financial Statements for FY2026 with Auditors Report (Ordinary Resolution)

2. Preference Share Dividend: Declared dividend on 44,44,444 Redeemable Preference Shares of ₹10 each @ 7.65063% per annum, absorbing an amount of ₹34,00,280 (Ordinary Resolution)

3. Equity Share Dividend: Declared dividend on Equity Shares (Ordinary Resolution)

4. Director Re-appointment: Re-appointed Mr. Hidenori Takemiya (DIN: 08249254) who retired by rotation and offered himself for re-appointment (Ordinary Resolution)

Special Business:

5. Independent Director Appointment: Appointment of Dr. Balu Paulose Maliakel (DIN: 00231698) as Independent Director (Special Resolution)

6. Independent Director Re-appointment: Re-appointment of Mr. V Ranganathan (DIN: 00550121) as Independent Director (Special Resolution)

7. Related Party Transactions: Approval for entering into Related Party Transactions by the Company (Ordinary Resolution)

Voting and Documentation

The Notice of AGM dated May 25, 2026, Statement of Profit & Loss for FY2026 (Standalone and Consolidated), and Balance Sheet as of March 31, 2026 (Standalone and Consolidated) were taken as read.

Voting results (remote e-voting and e-voting at AGM) in accordance with Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizer's report will be sent separately.

Additional Information

The Chairman addressed members with a brief speech. Opportunity was provided to shareholders who specifically requested to speak at the meeting, with the Managing Director responding to queries raised.

E-voting remained open for 15 minutes after the meeting closure for those who had not done remote e-voting.