AGM proceedings: director retiring by rotation does not seek re-appointment

The AGM was held on 30th September 2026 at 16:00 Hrs (IST) through video conferencing.

Wed 30 Sep 2026

AGM Date and Time

30th September 2026 at 16:00 Hrs (IST)

Financial Year Covered

FY ended 31st March 2026

Director Retiring by Rotation

Mr. Karthik Singh Javvari K, who did not offer himself for re-appointment

New Managing Director Appointed

Mr. Javeri Kapisha Udaya Kumar Singh

Voting Results Timeline

To be shared with the exchange within 48 hours

What was shared

The company submitted the gist of proceedings of its Annual General Meeting held on Wednesday, 30th September 2026 at 16:00 Hrs (IST) through Video Conferencing / Other Audio-Visual Means. The exchange headline highlights that a director retiring by rotation did not offer himself for re-appointment.

Who was present

• Mr. Javeri Kapisha Udaya Kumar Singh, Managing Director, was elected Chairperson.
• Mr. Sudhakar Reddy Pesaladinne, Independent Director and Chairman of the Audit and Stakeholders Relationship Committee.
• Mr. J K Karthik Singh, Non-Executive Director.
• Representatives of Sagar & Associates Chartered Accountants LLP (Statutory Auditors) and Atluri Ramesh & Associates (Secretarial Auditors).

Resolutions put to vote

Ordinary Business

• Adoption of the Audited Financial Statements for the financial year ended 31st March 2026, with the Board's and Auditors' reports.
• Appointment of a Director in place of Mr. Karthik Singh Javvari K, who retires by rotation and, being eligible, does not offer himself for re-appointment.

Special Business

• Appointment of M/s. Atluri Ramesh & Associates, Practicing Company Secretaries, as Secretarial Auditors.
• Appointment of Mr. Javeri Kapisha Udaya Kumar Singh as a Director.
• Appointment of Mr. Javeri Kapisha Udaya Kumar Singh as Managing Director of the Company.

Meeting conduct

The quorum was present and registers under the Companies Act, 2013 were available for inspection on request. Remote e-voting was offered ahead of the meeting, and e-voting was also available during the AGM for members who had not already voted. Prathap Satla & Associates, Company Secretaries, was appointed Scrutinizer.

Shareholders were invited to ask questions; no shareholder asked any query. E-voting was kept open for 15 minutes after the proceedings, and the Chairperson declared the meeting closed at 16:45 Hrs (IST).

What investors can watch next

The consolidated voting results are to be submitted to the stock exchange and posted on the company's website within 48 hours of the conclusion of the meeting. Those results will confirm the outcome of each resolution, including the board changes listed above.

How to read this

A retirement by rotation is a routine requirement under company law, where a portion of directors must step down and may seek re-appointment. Here, the retiring director chose not to seek re-appointment, while a separate resolution proposed the appointment of a Director and Managing Director. Together these items represent a change in the composition of the board.

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