Meeting Details

The 34th Annual General Meeting was held on Monday, September 28, 2026, at 11:30 A.M. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, and as per applicable provisions of the Companies Act, 2013 and rules made thereunder.

Proposed Resolutions and Implications

Six resolutions were put to shareholders for approval through remote e-voting:

Ordinary Business:

  • Item 1: Consideration and adoption of Audited Standalone & Consolidated Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors
  • Item 2: Re-appointment of Mr. Navneet Kumar Saraf (DIN: 00035686) as Director retiring by rotation
  • Item 3: Re-appointment of Mr. Ashish Kumar Saraf (DIN: 00035549) as Director retiring by rotation

Special Business:

  • Item 4: Ratification of remuneration of Cost Auditors M/s. NKJ & Associates for FY ending March 31, 2027
  • Item 5: Approval for entering into transactions with AAIT/Technocraft Scaffold Distribution LLC FZE, a step-down subsidiary
  • Item 6: Approval to grant loan or give guarantee or provide security for any loan to Techno Defence Private Limited (Special Resolution)

Voting Process and Methods

The Company provided remote e-voting facility administered by NSDL. Members who had not voted through remote e-voting could cast their votes during the meeting through e-voting facility. Since the AGM was held through VC/OAVM and resolutions were already put to vote through remote e-voting, there was no proposing & seconding of resolutions during the meeting.

Financial Performance Highlights (From Chairman's Speech)

  • Consolidated revenue from operations: ₹2,759 crore (6.3% growth from ₹2,596 crore previous year)
  • Consolidated EBITDA: ₹570 crore (10.4% growth from ₹516 crore previous year)
  • Consolidated Profit After Tax: ₹293 crore (vs. ₹263 crore in FY 2024-25)
  • Interim dividend declared: ₹20 per equity share of face value ₹10 each
  • Business portfolio includes Drum Closures, Scaffolding Systems, Cotton Yarn, Garments and Engineering Services
  • Financial statements received unqualified audit report with no reservations or adverse remarks
  • Secretarial Audit Report contained no qualifications or observations

Attendance and Participation

Directors present: Dr. Sharad Kumar Saraf (Chairman & Managing Director), Mr. Sudarshan Kumar Saraf (Co-Chairman and Managing Director), Mr. Navneet Kumar Saraf (Whole Time Director & CEO), Mr. Ashish Kumar Saraf (Whole Time Director and CFO), Mr. Aubrey Rebello (Independent Director), Mr. Rohit Rajgopal Dhoot (Independent Director), Mr. Shankar Shivram Jadhav (Independent Director), and Mrs. Swati Khemani (Independent Director).

Representatives of Statutory Auditors, Secretarial Auditors, and the Scrutinizer also attended through VC. Members were provided opportunity to express views/ask questions by registering as speaker shareholders or sending emails.

Compliance and Dissemination

The meeting was conducted in compliance with MCA circulars, SEBI circulars, and Companies Act, 2013 provisions. The results of voting were to be disseminated at stock exchanges and uploaded on the Company's website and NSDL's website.