22-AUG-2025- Inter alia, approved:- 1. Approved and Fix the date of 32nd Annual General Meeting of the Company to be held on Friday 22nd August 2025 at 11.00 am through video conference/other audio visual means accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. 2. Dividend. In continuance to its intimation dated April 21st 2025, after due deliberation the Board of Directors has recommended dividend for financial year 2024-25 of Rs. 2/-(i.e. 20%) per equity shares of the nominal value of Rs. 10.00 per share fully paid up, subject to approval of shareholders in upcoming Annual General Meeting of the Company 3. Acceptance of Resignation of Ms. Ashu Jain, from the post of Independent Director of the Company. We would like to inform that Ms. Ashu Jain (DIN-00243310) vide her letter dated 28th April 2025 has tendered her resignation as Independent Director of the Company with effect from 29th April, 2025. due to pre-occupation and personal reasons. 4. Appointment of Ms. Shipra Atul Agrawal as Independent Director of the Company. Based on the recommendation of Nomination and remuneration committee and subject to approval of the shareholders and any regulatory approvals and applicable condition thereof, the board of Directors at its meeting held today on 29th April 2025, considered and approved the appointment of Ms. Shipra Atul Agrawal (DIN- 09456482) as Additional Director (to be appointed as Independent Director) of the Company, with immediate effect 5. . Reappointment of Independent Directors. ? Based on the recommendation of the Nomination and Remuneration Committee of the Company, approved the Re-appointment of Mr. Vadla Nagabhushanam (DIN:08863512) as an Independent Director for a second term of five years, i.e., from November 07, 2025, to November 06, 2030. ? Based on the recommendation of the Nomination and Remuneration Committee of the Company, approved the Re-appointment of Mr. Madhukar Deshpande (DIN:07630081) as an Independent Director for a second term of five years, i.e., from February 10 2026, to February 09, 2031. Mr. Vadla Nagabhushanam and Mr. Madhukar Deshpande have confirmed that they meet the criteria of 'independence' under Section 149 of the Companies Act, 2013, and Regulation 16 of the Listing Regulations. Further, they have also confirmed that they have not been debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority 6. Appointment of M/s K.P. Sahasrabudhe & Co., Chartered Accountants as Internal Auditor of the Company for the financial year 2025-26 We wish to inform you that based on the recommendation of the Audit Committee, the Board of Directors of the Company has at its Meeting held today i.e. on 29th April 2025, has approved the appointment of M/s K.P. Sahasrabudhe & Co., Chartered Accountants., Chartered Accountants as the Internal Auditors of the Company for financial year 2025-26 7. . Based on the recommendation of the Audit Committee, approved the appointment of M/s. Neha P Agrawal, Company Secretaries (Membership No: 7350 and Certificate of practice No: 8048), as the Secretarial Auditors of the Company for a period of five consecutive years i.e., from FY2025- 26 up to FY2029-30, subject to approval of the Members at the ensuing AGM of the Company.
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