38th AGM Proceedings and Chairman's Speech shared

CONCOR's 38th AGM was held on 28 Sept 2026 via video conferencing.

Mon 28 Sep 2026

AGM Date

28 September 2026

Meeting Format

via video conferencing

Resolutions Put to Vote

10 items

C&AG Audit Status

Nil comments; no audit qualification

Voting Results Timeline

within two working days

What was shared

CONCOR submitted the proceedings of its 38th Annual General Meeting, held on 28 September 2026 at 15.00 hours through video conferencing, along with the Chairman's speech. The meeting concluded at 16:55 hrs including the time allowed for e-voting.

Items placed before shareholders

• Adoption of audited standalone and consolidated financial statements for the year ended 31 March 2026, with Directors' and Auditors' reports and C&AG comments.
• Confirmation of payment of three interim dividends and declaration of a final dividend on equity shares for FY ended 31 March 2026.
• Re-appointment of Shri Vijoy Kumar Singh, Director (International Marketing & Operations), retiring by rotation.
• Noting appointment of M/s Hem Sandeep & Co. as Statutory Auditors for FY 2025-26 and fixing their remuneration.
• Appointment of Shri Ajit Kumar Panda as Chairman and Managing Director.
• Appointments of Shri Rakesh Kumar Rousan and Shri Rahul Agarwal as Part-time Govt. Directors.
• Appointment of Shri Harbrinder Singh Bajwa as Director (Domestic Division) (Additional Charge).
• Appointment of Shri Vivek Gupta as Director (Finance).
• Appointment of Shri V. Kashiho Sangtam as Non-official Part Time Director, by special resolution.

Audit position

The C&AG of India conducted a supplementary audit of the standalone and consolidated financial statements for 2025-26 and conveyed Nil comments. The Auditors' Report carried no qualification; management responses to emphasis of matter and CARO 2020 items are given in the annual report, as are replies to Secretarial Auditor and Corporate Governance certification observations.

Voting process

Remote e-voting was provided on NSDL's platform. The cut-off date was 21.09.2026 and the e-voting window ran from 09.00 hrs on 24.09.2026 to 17.00 hrs on 27.09.2026. Voting was kept open for another 15 minutes at the meeting, and results were to be declared within two working days of the AGM on receipt of the Scrutinizer's Report.

From the Chairman's speech

The Chairman stated the company continues to retain its position as market leader in India's rail logistics sector. On the macro backdrop, he cited an IMF projection of global growth of 3% in 2026, down from 3.4% in 2025, and Indian GDP growth of 7.1% in 2024-25 with an estimate of 7.7% for 2025-26, plus 7.8% growth in the first quarter of the current year.

How to read it

This is a routine post-AGM disclosure recording what was transacted. The clean C&AG and audit position and the dividend items are the points of interest for shareholders; the actual resolution outcomes follow in the voting results.

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