Allied Digital Services has accepted the resignation of Raghuvir Kamat from his position as Assistant Vice President - Projects. The company confirmed that Kamat will be relieved of his duties effective September 7, 2026.

Kamat, designated as Senior Management Personnel under Regulation 16(1)(d) of the SEBI Listing Regulations, 2015, submitted his resignation to pursue new professional opportunities and explore a different career direction.

The disclosure was made pursuant to Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing to the stock exchanges.

Resignation Details

Kamat formally submitted his resignation on June 8, 2026. Jawahar Ali, CEO of Digital Engineering Services at Allied Digital Services, approved the resignation on July 2, 2026. Ali acknowledged Kamat’s contributions to managing the project team and maintaining client relationships during his tenure.

According to the exchange filing, Kamat’s cessation date is September 7, 2026, at close of business hours. The company stated that Kamat committed to ensuring a smooth transition of responsibilities during his notice period.

Regulatory Compliance

The company filed the necessary disclosures with both the Bombay Stock Exchange and the National Stock Exchange of India Limited. The filing included Annexure I detailing the reason for change and cessation date, along with Annexure II containing a copy of the resignation email correspondence between Kamat and Ali.

Allied Digital Services concluded its 32nd Annual General Meeting on September 1, 2026, with shareholders approving a final dividend of ₹5 per equity share for FY26. The meeting also saw the reappointment of key board members and the approval of related-party transactions with its US subsidiary.

The hybrid meeting, held at Mumbai’s Walchand Hirachand Hall, recorded the attendance of 227 members in total. Of these, 156 attended physically while 71 participated via video conferencing or other audio-visual means. The proceedings commenced at 3:00 pm and concluded at 5:20 pm.

Board and Management Present

The Chairman and Managing Director, Nitin Shah, initiated the proceedings before handing over to Joint Managing Director Nehal Shah. Other key executives present included Executive Directors Rohan Shah, Tejal Shah, and Sunil Bhatt. Independent directors Shakti Leekha, Milind Kamat, Swanubhuti Jain, Anup Kumar Mahapatra, and Narasimha Rao Mannepalli also attended.

Key Managerial Personnel present included Chief Financial Officer Gopal Tiwari and Company Secretary Khyati Shah. Representatives from statutory auditors Singhi & Co and secretarial auditors Parikh & Associates were also in attendance.

Resolutions Approved

Shareholders transacted several ordinary and special business items during the meeting:

Nehal Shah was appointed as Joint Managing Director for a five-year term effective from July 1, 2026, to June 30, 2031. Sunil Bhatt was reappointed as an Executive Director for a five-year term from May 18, 2027, to May 17, 2032.

The company also secured approval for material related-party transactions involving the sale, purchase, or supply of goods and services between Allied Digital Services Limited and its US subsidiary, Allied Digital Services LLC, for the fiscal year 2026-27.

Voting Process and Results

Remote e-voting was conducted from August 28, 2026, to August 31, 2026. Voting by ballot remained open during the AGM for members who could not vote remotely. Mitesh Dhabliwala of Parikh & Associates acted as the scrutinizer for the e-voting process.

The consolidated results reflect high approval rates for most resolutions, driven largely by promoter voting. However, the related-party transaction resolution saw notable dissent from public non-institutional shareholders.

Promoter and promoter group shareholders held 28,861,800 shares as on the cut-off date of August 25, 2026, and voted in favour of all resolutions except the related-party transaction, where they abstained. Public institutional shareholders voted unanimously in favour of all resolutions. Public non-institutional shareholders showed dissent primarily on the appointment of Nehal Shah as Director (0.23% against) and significantly on the related-party transaction (28.18% against).