Meeting Details

The 79th Annual General Meeting of PI Industries Limited was held on Friday, August 14, 2026 at 10:30 A.M. (IST) through Video Conference / Other Audio-Visual Means. The meeting was presided over by Mr. Narayan K Seshadri, Chairperson. A total of 88 members attended the meeting virtually.

Proposed Resolutions and Implications

The meeting considered nine resolutions for shareholder approval:

Ordinary Business:

  • Item 2: Confirmation of payment of Interim Dividend of ₹5.00 per equity share and declaration of Final Dividend of ₹10.00 per equity share of face value of ₹1.00 each for FY2025-26
  • Item 3: Re-appointment of Mr. Rafael Del Rio Donoso (DIN: 08105128) who retired by rotation

Special Business:

  • Item 4: Non-filling of vacancy caused by retirement of Mr. Arvind Singhal (DIN: 00092425), Non-Executive Non-Independent Director
  • Item 5: Ratification of remuneration payable to Cost Auditor for FY2026-27
  • Item 6: Remuneration payable to Mr. Rafael Del Rio Donoso (DIN: 08105128), Non-Executive Non-Independent Director
  • Item 7: Appointment of Dr. Atul Kumar Gupta (DIN: 10087955) as Director and Whole Time Director (Special Resolution)
  • Item 8: Re-appointment of Mr. Shobinder Duggal (DIN: 00039580) as Independent Director (Special Resolution)
  • Item 9: Re-appointment of Ms. Pia Singh (DIN: 00067233) as Independent Director (Special Resolution)

Voting Process and Methods

The voting process comprised two methods:

1. Remote e-voting was conducted from August 10, 2026 to August 13, 2026 for items 1 to 9

2. E-voting during the AGM for members present who had not participated in remote e-voting

The e-voting platform was kept open throughout the AGM and 15 minutes after the conclusion of the meeting.

Voting Outcomes and Scrutinizer Appointment

Mr. Ashish K Friends, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting process in a fair and transparent manner. All nine business items (Resolution nos. 1 to 9) were passed with the requisite majority. Specific vote counts and percentages were not provided in the document.

Shareholder Participation and Queries

Nine members who registered as speaker shareholders were invited to express views and queries. Queries were addressed by Mr. Narayan K Seshadri (Chairperson) and Mr. Mayank Singhal (Vice Chairperson and Managing Director). The requisite quorum was present at the meeting.

Compliance with Regulations

The Company confirmed that all relevant documents and registers referred to in the Notice were made available for electronic inspection on KFin Technologies Limited's website throughout the AGM proceedings. The Company complied with the Companies Act, 2013 and Secretarial Standard on General Meetings.

Financial and Operational Highlights from Chairperson's Speech

The Chairperson presented key performance highlights for FY2025-26:

  • Consolidated revenue from operations: ₹67,137 million
  • Profit After Tax: ₹13,208 million
  • Consolidated gross margin: approximately 58%
  • EBITDA margin: 25.4%
  • Total dividend recommended: ₹15 per equity share (₹5 interim + ₹10 final)

Strategic updates included:

  • Progress on Pioxaniliprole, India's first indigenously discovered crop protection molecule
  • Commercialization of five new molecules in Agchem business
  • US EPA registration and commercial launch of foliar bionematicide in Biologicals platform
  • Health Sciences business growth of 40% in CRDMO segment
  • Launch of four new products in Agri Brands business

Management Changes

The Chairperson noted the stepping down of Mr. Rajnish Sarna as Joint Managing Director (continuing as Non-executive director) and Mr. Arvind Singhal not offering himself for re-appointment as Non-executive Non-Independent Director.