Cressanda Railway Solutions Limited held its 41st Annual General Meeting on September 30, 2026, approving key strategic corporate restructuring measures and the reappointment of its Chairman.

The meeting, conducted physically at the registered office in Mumbai, saw shareholders vote on the divestment of an underperforming stake in Master Mind. The agenda also included the formal strike-off of inactive subsidiaries and the complete separation of Cressanda Consumers Private Limited from the parent company.

Director appointments and governance

Mr. Arunkumar Tyagi, Chairman and Managing Director, was reappointed as a director liable to retire by rotation. The shareholders also confirmed the appointment of Mr. Kapil Gautam as Executive Director, effective June 11, 2026.

Meeting proceedings and attendance

The meeting commenced at 2:00 pm and concluded at 3:00 pm. A quorum was established with 45 shareholders present, exceeding the minimum requirement of 30 members. The Board was represented by:

Mr. Kapil Gautam was granted leave of absence due to personal reasons. The statutory auditor, H Rajen & Co., and secretarial auditor M/s Mebul Raval & Associates were present to address queries related to their respective reports for FY26.

Voting and results

Voting was conducted via postal ballot and remote e-voting facilities. The scrutinizer’s report on the voting results is expected within two working days from the conclusion of the meeting. The company stated that the recorded transcript will be made available on its website shortly.

Cressanda Railway Solutions has set September 30, 2026 as the record date for its 41st Annual General Meeting. The company will close its register of members and share transfer books to determine eligible shareholders.

The closure period runs from Thursday, September 24, 2026 to Wednesday, September 30, 2026, inclusive of both days. This action is taken pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015 and Section 91 of the Companies Act, 2013.

Meeting Details

The annual general meeting is scheduled for Wednesday, September 30, 2026. It will be held at the company’s registered office located at 201, Innovative Info-Park, Banderkarwadi, Near Western Express Highway, Jogeshwari East, Mumbai.

Shareholders whose names appear on the register of members as on the close of business on September 30, 2026 will be entitled to attend and vote at the meeting. The filing was submitted online via the BSE listing platform on September 4, 2026.

Voting Mechanism

Members are requested to cast their votes through postal ballot at the AGM. E-voting is not applicable for this meeting. The postal ballot process begins at 2:00 pm during the AGM. Mr. Mebul Raval, Proprietor of M/s. Mebul Raval & Associates, has been appointed as the scrutinizer for the voting process.

Financial Performance FY26

The company reported a standalone net loss of ₹1,588.00 lakh for FY26, compared to a net profit of ₹32.00 lakh in FY25. Total revenue from operations declined to ₹1,181.81 lakh from ₹2,493.78 lakh in the previous year. This decline reflects the strategic discontinuation of non-core and loss-making business segments.

Strategic Restructuring

The Board proposes strategic corporate restructuring at the upcoming AGM. This includes the divestment of the underperforming stake in Master Mind Advertisement Private Limited. The company also plans to strike off inactive subsidiaries such as Cressanda Green Energy Vehicles Limited and Cressanda Renewable Energy Solutions Limited. Additionally, Cressanda Consumers Private Limited will be separated from the parent company to operate as an independent entity.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE716D01033/6a062954-1526-473c-8a3e-1d3572b2090c.pdf