A-1 Limited concluded its 22nd Annual General Meeting on September 25, 2026, where shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means in compliance with the Companies Act and SEBI regulations. Chairman cum Managing Director Harshadkumar Naranbhai Patel presided over the session, which commenced at 11:00 am and concluded at 11:17 am. The company facilitated remote e-voting via the NSDL platform from September 22 to September 24, 2026.

Key resolutions passed

Six resolutions were transacted during the meeting, covering financial adoption, dividend declaration, and governance changes. The board proposed a final dividend on equity shares for FY26, subject to shareholder approval.

Governance and attendance

The meeting was attended by Whole-time Directors Jitendra Naranbhai Patel and Utkarsh Harshadkumar Patel, along with Directors Krishna Utkarsh Patel and Anant Jitendra Patel. Independent Directors Lajju Hemang Shah, Nitin Rikhavbhai Shah, and Shailesh Natverlal Thakkar were also present.

Statutory Auditor Shreyash Chokshi from M/s. Sorabh Engineer & Co. and Secretarial Auditor Sejal Jain from Sejal Shah & Associates joined virtually. Ms. Dhara Patel served as the scrutinizer for the electronic voting process.

Financial performance overview

Chief Financial Officer Himanshu Sunil Thakkar presented the financial performance and growth trajectory of the company. The notice of the AGM, along with the Annual Report 2025-26, Directors' Report, and Auditors' Report, had been previously circulated to members and was taken as read during the proceedings.

The scrutinizer's report and consolidated voting results will be disseminated to stock exchanges and placed on the company's website.

A-1 Limited has dispatched the notice for its 22nd Annual General Meeting (AGM), scheduled for September 25, 2026, along with the Integrated Annual Report for FY26. The company provided a web link for shareholders who do not have registered email addresses to access these documents electronically.

AGM and Document Access

Pursuant to Regulation 36(1)(b) of the SEBI LODR Regulations, 2015, the company sent letters containing web links to members whose email IDs are not registered with the Registrar and Transfer Agent (RTA) or Depository Participants. Members with registered email IDs receive the notice and report via electronic mode as per Regulation 36(1)(a).

The web link to access the Integrated Annual Report for FY26 is available on the company’s investor relations page. Shareholders without registered emails are urged to update their details with their depository participants or the RTA to facilitate future electronic communications.

Dividend and Record Date Details

The AGM will approve a final dividend of ₹0.05 per equity share for FY26. The record date for dividend entitlement is September 18, 2026. Pursuant to Regulation 42 of the SEBI LODR Regulations, 2015, shareholders holding equity shares as on this date will be entitled to the dividend and voting rights. The Board initially recommended the dividend during its meeting on August 26, 2026.

Tax Deduction at Source (TDS) Guidelines

The company issued instructions regarding TDS on the final dividend under the Income-tax Act, 2025. Shareholders must submit requisite documents to M/s. Cameo Corporate Services Limited via the online portal by September 18, 2026.

Resident Shareholders

• With valid PAN: 10% TDS. No tax if aggregate dividend in FY26-27 does not exceed ₹10,000.
• Invalid/Without/Inoperative PAN: 20% TDS. PANs not linked with Aadhaar are treated as inoperative.
• NIL TDS: Individuals and HUFs may claim NIL TDS by submitting Form No. 121. Other entities must submit beneficial interest declarations.

Non-Resident Shareholders

• FIIs/FPIs: 20% (plus surcharge and cess) or applicable Tax Treaty Rate, whichever is lower. Required documents include SEBI registration, Tax Residency Certificate (TRC), Form 41, and beneficial ownership declaration.
• Other Non-Residents: Similar rates apply. Documents include TRC, Form 41, and beneficial ownership declarations.
• Notified Jurisdictional Areas: Higher rates of 30%, rates in force, or rates specified in the Act, whichever is higher.

AGM Schedule and Governance

The 22nd AGM is scheduled for September 25, 2026, at 11:00 am via Video Conference or Other Audio-Visual means. Ms. Dhara Patel has been appointed as the scrutinizer. Key governance approvals from the August board meeting include:

• Review of the Certificate of Compliance with the Code of Conduct for Board of Directors and Senior Management Personnel.
• Approval of certificates regarding non-disqualification of directors and corporate governance compliance.
• Note taken on the certificate given by CFO Himanshu Sunil Thakkar as per Regulation 17(8) Part B of the SEBI LODR Regulations, 2015.

Remuneration and Director Reappointment

The board approved the remuneration of Anant Jitendra Patel and Krishna Jitendra Patel, pending shareholder ratification. The reappointment of Anant Jitendra Patel as a director, liable to retire by rotation, was also approved subject to shareholder approval. He attended 22 board meetings during FY25-26 and drew last remuneration of ₹4,59,000.

Mr. Suresh Somnath Dave was recommended for reappointment as an Independent Director for a second term of five years, commencing January 27, 2027, to January 26, 2032.

Strategic Update: A-1 Sureja Industries

The board decided not to proceed with the proposed acquisition of an additional 6% partnership interest in M/s. A-1 Sureja Industries. Previously, the company had planned to increase its stake from 45% to 51%. The decision stems from material changes in market conditions, performance issues in the electric vehicle industry, and non-achievement of projected milestones. A-1 Limited will continue to hold its existing 45% partnership interest.