Allied Digital Services Limited has scheduled its 32nd Annual General Meeting (AGM) for Tuesday, September 1, 2026, at 3:00 PM IST. The meeting will be conducted in hybrid mode, allowing participation both physically at Walchand Hirachand Hall, 4th Floor, IMC Building, Indian Merchant Chamber Marg, Churchgate, Mumbai – 400 020, and through Video Conference / Other Audio Visual Means. This procedural step enables shareholders to vote on resolutions and review the company’s performance for the financial year ended March 31, 2026.

In compliance with Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the web-link for its Annual Report for FY26 on August 8, 2026. The report is accessible via the company’s investor relations page. Shareholders who have not registered their email addresses with the company or depositories received a physical letter containing this link.

The disclosure serves as a reminder for security holders holding shares in physical mode to update their Know Your Customer (KYC) details. Pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024, listed companies must record PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination for physical shareholders.

Failure to update these details carries material consequences for investors. Security holders whose folios lack updated PAN, nomination, contact details, bank account information, or specimen signatures will only be eligible to receive payments—including dividends, interest, or redemption amounts—through electronic mode effective from April 1, 2024. While updating an email ID is optional, the company encourages registration to facilitate online services and support its green initiative.

The company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), manages these records. Shareholders can access the necessary forms for nomination and KYC updation—Forms ISR-1, ISR-2, ISR-3, SH-13, SH-14, and relevant SEBI circulars—on the company’s website under Resources > Downloads > KYC > Formats for KYC. For queries, investors may contact the investor relations department at +91 22 6681 6400 or via email at investors@allieddigital.net .

Allied Digital Services Limited has convened its 32nd Annual General Meeting (AGM) for September 01, 2026, seeking shareholder approval for the elevation of Mr. Nehal Shah to Joint Managing Director and a material related-party transaction worth up to ₹250 crore with its US subsidiary. The meeting, scheduled for 03:00 p.m. (IST) in hybrid mode at Walchand Hirachand Hall, Mumbai, also includes the re-appointment of three directors and the adoption of FY26 financial statements.

The most significant corporate action is the proposed appointment of Mr. Nehal Shah (DIN: 02766841) as Joint Managing Director for a five-year term commencing July 01, 2026. Currently serving as Whole-Time Director since July 30, 2024, Mr. Shah’s elevation reflects his expanded leadership responsibilities and contribution to business growth. The resolution requires a special resolution as his remuneration may exceed the limits prescribed under Regulation 17(6)(e) of the SEBI Listing Regulations. His fixed component remuneration will remain unchanged from levels approved in the September 2025 AGM.

Board Re-appointments

Shareholders will vote on the re-appointment of two independent directors and one executive director:

• Shakti Kumar Leekha: Re-appointed as Independent Director for a second five-year term from January 20, 2027, to January 19, 2032.
• Anup Kumar Mahapatra: Re-appointed as Independent Director for a second five-year term from May 18, 2027, to May 17, 2032.
• Sunil Bhatt: Re-appointed as Executive Director (Whole-Time Director) for five years from May 18, 2027, to May 17, 2032. Mr. Bhatt, Chief Technology Officer of Allied Digital Services LLC (USA), does not receive remuneration from the Indian entity but is paid by the US subsidiary up to USD 5 lakh per annum fixed plus variable components.

Mr. Nehal Shah retires by rotation but offers himself for re-appointment as a director before assuming the new JMD role.

Related Party Transaction Approval

The company seeks ordinary resolution approval for transactions with its subsidiary, Allied Digital Services LLC (ADSL-USA), for FY27. The aggregate value is capped at ₹200 crore for availing/rendering services and ₹50 crore for sale/purchase of goods. These transactions, covering IT remote management, help desk support, and software development, are conducted at arm’s length. In FY26, total transactions with ADSL-USA amounted to ₹924.3 million (₹9,243.15 lakh). The materiality threshold for such approvals is ₹96.79 crore.

Dividend and Financial Context

The Board had previously recommended a final dividend of ₹1.50 per share for FY26, subject to AGM approval. The record date for dividend entitlement is August 28, 2026. For FY26, the company reported standalone sales of ₹38,782 lakh and a net loss of ₹81 lakh, though it returned to profitability in Q4FY26 with a consolidated net profit of ₹123.9 lakh.

Shareholder Action Required

Remote e-voting opens on August 28, 2026, and closes on August 31, 2026. The cut-off date for voting rights is August 25, 2026. Physical shareholders must update KYC details via Form ISR 1 to MUFG Intime India Private Limited by August 21, 2026, to receive electronic dividends. Members can attend via Video Conferencing or Other Audio-Visual Means (OAVM) through the NSDL e-voting platform.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE102I01027/9815f3c5-7c03-44d3-9db1-d35815134c78.pdf