The Board considered the status of arrangements for convening the Annual General Meeting (AGM) for the year ended March 31, 2026. The Registrar of Companies, Mumbai had previously granted extension of time for holding the AGM, including a subsequent extension of one month and fifteen days pursuant to the Company's revised application.
The Board identified that additional time is required for completion and verification of statutory and procedural matters, including:
- Requirements relating to appointment/re-appointment of Statutory Auditors
- Completion/regularization of necessary shareholder arrangements
- Registrar and Share Transfer Agent arrangements
- Depository service arrangements required for obtaining and verifying shareholder/beneficial-owner information
Additionally, the Board noted the resignation of the Company's Chief Financial Officer (CFO), effective from the closing hours of October 06, 2026. This resignation necessitates additional time to facilitate transition and completion/verification of financial and related statutory information required for convening the AGM.
After due consideration, the Board approved making an application to the Registrar of Companies, Mumbai under the applicable provisions of the Companies Act, 2013, seeking further extension of time for holding the AGM for FY 2025-26 up to December 31, 2026.
The Company will make the requisite application to the ROC and convene the AGM within the extended period as may be approved by the competent authority, subject to applicable provisions of the Companies Act, 2013 and rules made thereunder.
The Company remains committed to completing necessary statutory and procedural compliances and convening the AGM at the earliest practicable date.