Cosco (India) Limited held its 47th Annual General Meeting on September 30, 2026, at 12:00 pm through Video Conferencing and Other Audio Visual Means. The meeting focused on the adoption of audited standalone financial statements for FY26 and the reappointment of key management personnel.

Governance and board appointments

The AGM addressed six agenda items, comprising two ordinary resolutions and four special resolutions. Shareholders voted to adopt the audited standalone financial statements for the year ended March 31, 2026. This included the balance sheet, statement of profit and loss, cash flow statement, and statement of changes in equity, along with the directors' and auditors' reports.

Mr. Neeraj Jain was reappointed as a director liable to retire by rotation. Additionally, the company sought shareholder approval for the reappointment of four Whole Time Directors under special business items:

• Mr. Arun Jain
• Mr. Manish Jain
• Mr. Pankaj Jain
• Mr. Neeraj Jain

Auditor opinions and compliance

The Company Secretary informed members that the Statutory Auditors, M/s Madan & Associates, issued a clean opinion with no adverse remarks, qualifications, or disclaimers on the financial statements for FY26. Observations regarding the internal audit system and internal financial controls were explained by the management in the Board's Report.

The Secretarial Auditors, M/s Akhil Rohatgi & Co., also reported no qualifications or adverse remarks. The meeting was chaired by Devinder Kumar Jain, Managing Director and CEO, except for agenda items where he was interested, which were chaired by Narinder Kumar Jain, Managing Director.

Voting process

Voting was conducted electronically via the NSDL platform, allowing both remote e-voting and e-voting during the meeting. CS Ravi Sharma of R S M & Co. served as the scrutinizer. The results are to be declared within the prescribed time limit and uploaded to the company website.

Cosco (India) Limited has filed its annual report for the financial year 2025-26 with the Bombay Stock Exchange, confirming the convening of its 47th Annual General Meeting. The filing serves as the formal submission of audited financial statements and corporate governance disclosures for the year ended March 31, 2026.

The company will hold its AGM on September 30, 2026, at 12:00 noon via video conferencing. Shareholders on record as of September 23, 2026, are eligible to participate and vote. The Register of Members and Share Transfer Books will remain closed from September 24 to September 30, 2026, inclusive.

Meeting Agenda and Director Reappointments

The AGM agenda includes the adoption of audited financial statements for FY26. Special resolutions seek the reappointment of Mr. Arun Jain, Mr. Manish Jain, Mr. Pankaj Jain, and Mr. Neeraj Jain as Whole Time Directors for a three-year term effective from October 1, 2026. Mr. Neeraj Jain also retires by rotation and offers himself for reappointment.

Financial Performance in FY26

For the fiscal year ended March 31, 2026, Cosco reported revenue from operations of ₹18,856.08 lakh, an increase from ₹17,334.37 lakh in the previous year. Total revenue stood at ₹18,978.21 lakh, compared to ₹17,408.13 lakh in FY25.

Profit before tax declined to ₹81.20 lakh from ₹119.24 lakh in the prior year. However, profit after tax rose to ₹100.49 lakh from ₹78.15 lakh, aided by lower total tax expenses of (₹19.29 lakh) against (₹41.09 lakh) previously.

What the Numbers Show

While pre-tax profits contracted, the company reported a higher net profit due to a significant reduction in tax outflows. Total tax expenses improved by approximately ₹21.80 lakh year-on-year, driven largely by higher deferred tax credits of ₹36.13 lakh in FY26 compared to ₹16.22 lakh in FY25. This tax benefit offset the decline in operating profitability.

Director Remuneration Details

The proposed remuneration for the reappointed Whole Time Directors includes a monthly salary of ₹4,40,000 for the year ending March 31, 2027, rising to ₹4,70,000 from April 1, 2027. Allowances will be capped at 50% of the salary. Perquisites include medical coverage, car facilities, and club fees up to ₹1 lakh per annum.

Mr. Arun Jain, Mr. Manish Jain, and Mr. Pankaj Jain each received a base salary of ₹49,20,000 in FY25-26. Mr. Neeraj Jain also received ₹49,20,000 as base salary during the same period.

E-Voting and Meeting Logistics

Remote e-voting opens on September 26, 2026, at 9:00 am and closes on September 29, 2026, at 5:00 pm. NSDL is the authorized agency for e-voting. Shareholders holding physical shares are advised to dematerialize them, with a special window open until February 4, 2027.