AGM minutes shared: FY26 accounts, director and auditor re-appointment placed before members

Minutes of the 41st AGM (Sept 10, 2026, via video conferencing) shared.

Tue 6 Oct 2026

Members Present

54 Members

AGM Held

41st AGM, Thursday, September 10, 2026 at 1230 hours (IST) through video conferencing

Auditor Re-appointment Term

five consecutive years, from the conclusion of the 41st AGM until the conclusion of the 46th AGM

What was shared

A certified true copy of the minutes of the 41st (Forty First) Annual General Meeting of the members, held on Thursday, September 10, 2026 at 1230 hours (IST) through video conferencing / other audio visual means, deemed to be held at the registered office at 9062/47, Ram Bagh Road, Azad Market, Delhi-110006.

• In aggregate, 54 Members joined the meeting through video conferencing.
• The facility for appointment of proxies was not provided, so no proxies were present.
• Mr. Utkarsh Jain, Executive Director, took the Chair in accordance with Article 112 of the Articles of Association, and announced that the requisite quorum was present.
• The proceedings were webcast on the website of NSDL and were also accessible through the company's website.
• The Notice of the 41st AGM dated August 14, 2026, together with the Corrigendum to the Notice dated August 25, 2026, was placed before the meeting and taken as read.

Business placed before the members

• Item No. 1 - adoption of the Audited Financial Statements for the financial year ended March 31, 2026, including the Audited Balance Sheet as on March 31, 2026, the Statement of Profit & Loss for the year ended on that date, the Statement of Cash Flow, and the Reports of the Board of Directors and Statutory Auditor thereon.
• Item No. 2 - re-appointment of Mr. Utkarsh Jain as Director of the company, who retires by rotation under section 152(6) of the Companies Act, 2013 and, being eligible, offered himself for re-appointment.
• Item No. 3 - re-appointment of M/s Nemani Garg Agarwal & Co., Chartered Accountants, as Statutory Auditors of the company, to hold office for a term of five consecutive years, from the conclusion of the 41st AGM until the conclusion of the 46th AGM, on such remuneration as may be mutually agreed upon between the Board of Directors and the Statutory Auditors.

The resolution at Item No. 3 records that it was based on the recommendation of the Audit Committee and the Board of Directors, and authorises the Board or any duly constituted Committee of the Board to do all acts necessary to give effect to it. The remuneration itself is left to be mutually agreed between the Board and the auditors, so no amount is stated in the resolution.

Auditors' qualified opinion and management's response

• The company has not provided a provision for doubtful debts; the management's response states that no provision has been made since the debtors are considered fully realizable.
• The debit and credit balances are subject to confirmation; the management's response states that the company is in the process of obtaining confirmations from the respective parties.

The minutes record that, as there were no other matters having any adverse effect on the functioning of the company, the Statutory Auditor's Report and the Secretarial Auditor's Report were taken as read. The Chairman also addressed the members and provided an overview of the company's performance together with its future outlook.

How a reader can look at this

This is a record of what was transacted at the annual meeting rather than a fresh commercial announcement. For an investor, the two reappointments set the board and audit arrangements for the coming period - the director retiring by rotation is proposed for re-appointment, and the statutory auditors are proposed to continue for a five-year term, with their fee left to be mutually agreed. The qualified audit observations on provisioning for doubtful debts and on balances pending confirmation are placed on record together with the management's replies, which keeps those two accounting points visible alongside the accounts adopted for the year.

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