Key Details
The company received a communication from BSE Limited dated 18th August 2026 seeking clarification regarding the corporate announcement about Proceedings of Annual General Meeting filed on the BSE Listing Portal on 15th August 2026. Reference was made to Regulation 30(6) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.
The 20th Annual General Meeting was held on 14th August 2026 from 03:00 P.M. to 03:53 P.M. (53 minutes duration) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The proceedings were filed with BSE Listing Portal on 15th August 2026 at 02:42 P.M.
The company stated that the delay in filing the disclosure was "purely inadvertent and occurred due to an oversight" with no intentional or deliberate delay. The company has strengthened its internal compliance and monitoring mechanisms to ensure timely disclosures in the future.
AGM Proceedings Details
Directors Present:
- Sri. B. Vijayakumar (DIN: 00015583) - Chairman & Non-Executive Director
- Smt. Rajsri Vijayakumar (DIN: 00018244) - Managing Director
- Sri. A. Sampath Kumar (DIN: 00015978) - Executive Director
- Sri. S Ganesh (DIN: 08617166) - Independent Director and Chairman of Audit Committee
- Sri. C Rajaram (DIN: 01972102) - Independent Director and Chairman of Nomination and Remuneration Committee
- Sri. Prem Kumar Parthasarathy (DIN: 07126673) - Independent Director and Chairman of Stakeholders Relationship Committee
In Attendance:
- Smt. Narmatha G K, Company Secretary & Compliance Officer
- Sri. Venkatesan N, Chief Financial Officer
- Smt. Suguna Ravichandran of M/s. N.R. Doraisami & Co, Chartered Accountants (Statutory Auditors)
- Sri. P. Eswaramoorthy, FCS of M/s. P. Eswaramoorthy and Company (Secretarial Auditors and Scrutinizer)
Attendance: 49 members representing 7,84,43,805 equity shares attended through VC/OAVM.
Absent Directors: Sri. Murugesa Saravana Marthandam (DIN: 09623736) and Sri. Sajeev Mathew Rajan (DIN: 01252269) - Independent Directors requested leave of absence.
Business Transacted
Ordinary Business:
1. Adoption of Audited Financial Statements for FY ended 31st March 2026, Board of Directors Report, and Statutory Auditors Report
2. Re-appointment of Smt. Rajsri Vijayakumar (DIN: 00018244) who retires by rotation
Special Business:
3. Approval of material-related party transactions between the Company and M/s. L.G. Balakrishnan & Bros Limited
Voting Process
Remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL) from Tuesday, 11th August 2026 at 9:00 A.M. to Thursday, 13th August 2026 at 5:00 P.M. Sri P. Eswaramoorthy was appointed as Scrutinizer to oversee the voting process.
Shareholder Engagement
Nine shareholders registered as speakers, with three participating in the AGM and raising queries. The Chairman and Managing Director responded to and clarified the queries. The voting results were to be declared within prescribed time and placed on CDSL, BSE, and company websites.