The Board inter alia considered and approved the following matters:

1. Audited Financial Results: Approved the Audited Financial Results of the Company for the fourth quarter and financial year ended 31st March, 2026, together with the Audit Report issued by the Statutory Auditors. The results were reviewed by the Audit Committee and then approved by the Board. The Statutory Auditors issued an Audit Report with an unmodified opinion on the Audited Financial Statements for the year.

2. Dividend: The Board did not recommend any dividend on equity shares for the financial year 2025-26.

3. Preference Dividend Waiver: Approved the waiver of preference dividend for FY 2025-26 in respect of the Company's 10% Cumulative Redeemable Preference Shares and 5% Non-Cumulative Redeemable Preference Shares, pursuant to written consent received from the concerned preference shareholders.

4. Reappointment of Auditors:

  • Internal Auditors: Reappointed M/s. K. Vijayaraghavan & Associates, LLP, Chartered Accountants, for FY 2026-27.
  • Cost Auditors: Reappointed M/s. S. Hariharan & Associates, Cost Accountants, for FY 2026-27, subject to ratification of their remuneration by shareholders at the ensuing AGM.
  • Tax Auditors: Reappointed M/s. Brahmayya & Co., Chartered Accountants, for FY 2026-27.

5. 63rd Annual General Meeting (AGM): Approved the Notice convening the 63rd AGM and authorized the Chairman to finalize the date and time for holding it through Video Conferencing / Other Audio Visual Means. Also approved the appointment of a Scrutinizer and E-voting arrangements for the meeting.

6. Directors' Report: Approved the Directors' Report together with annexures, including the Management Discussion and Analysis Report and Corporate Governance Report for FY 2025-26.

7. Director Retirement: Sri Dhruv Vijai Singh (DIN: 07180749), Independent Director, completed his second and final term and ceased to be a Director effective close of business hours on 27th July, 2026. The Board placed on record its appreciation for his contributions.

8. New Director Appointment: Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Sri Venkata Phani Kiran Kumar Immaneni (DIN: 11737207) as an Additional Director (Non-Executive and Independent Director) for a first term of 5 years from 27th July, 2026, to 26th July, 2031, subject to shareholder approval. He is not debarred from holding the office of director by any SEBI Order or authority.

9. Board Committee Reconstitution: Approved the reconstitution of Board committees effective 27th July, 2026, following the director changes.

  • Audit Committee: Smt Aruna Prasad (Chairperson), Sri R. Surender Reddy, Dr. Malapally Chowda Reddy Balaji, Sri Venkata Phani Kiran Kumar Immaneni.
  • Nomination & Remuneration Committee: Smt Aruna Prasad (Chairperson), Dr. Malapally Chowda Reddy Balaji, Sri Venkata Phani Kiran Kumar Immaneni.
  • CSR Committee: Smt Aruna Prasad (Chairperson), Sri L.N. Agarwal, Sri Paritosh Agarwal.

10. Preference Share Redemption - Extension: Approved the extension of the redemption period for 5,00,000 (Five Lakh) 10% Cumulative Redeemable Preference Shares (Face Value: ₹100 each), pursuant to shareholder consent. The redemption date is extended from the original date of 18th August, 2026, to on or before 17th August, 2029. The stated reason is to facilitate better cash flow management and align with the Company's long-term business plans.

11. Preference Share Redemption - Execution: Approved the redemption of 2,00,000 (Two Lakh) 5% Non-Cumulative Redeemable Preference Shares (Face Value: ₹100 each), aggregating to ₹2,00,00,000 (Rupees Two Crores), to be redeemed out of the profits of the Company on 30th June, 2026.

The audited financial results for the period ended 31st March, 2026, and the various audit reports were enclosed with the submission to the exchanges. All announcements are also available on the company's website.