Autoriders International Limited concluded its 41st Annual General Meeting on September 28, 2026. The meeting was conducted virtually through Video Conferencing and Other Audio-Visual Means.

Shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting also approved several special resolutions regarding borrowing limits and asset charges.

Key resolutions passed

The members transacted eight items of business, including ordinary and special resolutions. Key approvals included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Maneka Vijay Mulchandani as a director retiring by rotation.
• Appointment of M/s HRU and Associates as Secretarial Auditor.
• Increase in limits for creation of charge on assets under Section 180(1)(a) of the Companies Act, 2013.
• Increase in overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Alteration of the Object Clause in the Memorandum of Association.
• Re-designation of Maneka Vijay Mulchandani as Executive Director (Whole-time Director) with approved remuneration.

Meeting proceedings and attendance

The AGM commenced at 11:30 am and concluded at 12:18 pm. Chintan Amrish Patel, Managing Director and CEO, chaired the meeting. A total of 21 members participated through the virtual platform.

The following directors were present:

Maneka Mulchandani, Executive Director, was absent due to prior commitments. Key Managerial Personnel Ramachandran C G (CFO) and Priyanshi N Joshi (Company Secretary) attended the meeting.

Compliance and audit observations

The statutory auditors’ reports for FY26 did not contain any qualifications or adverse remarks. However, the Secretarial Audit Report noted one observation: shares held by Mukesh Patel (HUF), part of the promoter group, were not held in dematerialised form as required by SEBI regulations.

The company stated it is coordinating with the shareholder and registrar to facilitate dematerialisation and ensure compliance. Voting results for remote e-voting and the meeting will be disclosed separately.

Autoriders International has scheduled its 41st Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM) starting at 11:30 am.

The notice, dispatched on September 2, 2026, outlines significant strategic shifts and governance updates for shareholders to approve.

Key Agenda Items

Shareholders will vote on several special resolutions aimed at diversifying the company’s business model and strengthening its capital structure.

Expansion into Renewable Energy

The board proposes altering the Memorandum of Association (MOA) to include renewable energy activities as a main object. The new clause permits the company to engage in the generation, transmission, distribution, trading, and supply of solar, wind, hydro energy, and other sustainable technologies. This includes establishing power plants, solar farms, and manufacturing related equipment such as solar panels and batteries.

Increased Borrowing and Charge Limits

To support working capital requirements and growth plans, the company seeks to double its borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The proposed limit rises from ₹100 crore to ₹200 crore. Similarly, the limit for creating charges on assets under Section 180(1)(a) is also increased from ₹100 crore to ₹200 crore.

Director Re-designation

Mrs. Maneka Vijay Mulchandani, currently an Executive Director, will retire by rotation and offer herself for re-appointment. Additionally, shareholders are asked to approve her re-designation as a Whole-Time Director for a three-year term commencing August 20, 2026. Her remuneration is capped at ₹50 lakh per annum.

Financial Performance FY26

As disclosed in the explanatory statement, the company reported the following financial results for the year ended March 31, 2026:

E-Voting and Participation

Remote e-voting via National Securities Depository Limited (NSDL) will open on Thursday, September 24, 2026, at 9:00 am and close on Sunday, September 27, 2026, at 5:00 pm. The record date for voting rights is Monday, September 21, 2026.

Physical attendance is not required. Shareholders joining via VC/OAVM must register as speakers by September 24, 2026, at 5:00 pm to ask questions during the meeting.

Compliance Updates

The company reiterated regulatory requirements for physical shareholders to update their PAN, KYC, and bank details with the Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited. Unclaimed dividends from FY23-24 (interim) and FY24-25 (final) face transfer to the Investor Education and Protection Fund (IEPF) if not claimed by April 1, 2031, and October 29, 2032, respectively.