Expo Engineering shareholders approve FY26 accounts, reappoint directors at AGM
- Expo Engineering shareholders approved FY26 audited financial statements at the 43rd AGM
- Venkateswaran Manickam Chittoor reappointed as Independent Director for a second five-year term
- Murtuza Mewawala reappointed as director after retiring by rotation
- K. S. Shah & Co. ratified as Statutory Auditors until the next AGM
*this image is generated using AI for illustrative purposes only.
Expo Engineering & Projects concluded its 43rd Annual General Meeting on September 10, 2026. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, and reappointed key board members via video conference.
The meeting, chaired by Chairman and CFO Murtuza S. Mewawala, commenced at 11:30 am and concluded at 12:10 pm. It adhered to guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Key Resolutions Passed
The Board presented several resolutions for shareholder approval during the session. The following items were approved:
| Agenda Item | Resolution Type | Outcome |
|---|---|---|
| Adoption of audited financial statements for FY26 | Ordinary | Approved |
| Reappointment of Murtuza Mewawala as director | Ordinary | Approved |
| Ratification of K. S. Shah & Co. as Statutory Auditors | Ordinary | Approved |
| Reappointment of Venkateswaran Manickam Chittoor as Independent Director | Special | Approved |
Governance and Compliance
Mr. Venkateswaran Manickam Chittoor was reappointed as a Non-Executive Independent Director for a second term of five years, commencing from September 10, 2026. He brings over 37 years of experience, including roles at Rashtriya Chemicals & Fertilizers and Aker Solutions.
Mr. Murtuza Mewawala, who retired by rotation, offered himself for reappointment and was duly appointed.
M/s K. S. Shah & Co., Chartered Accountants (Firm Reg. No. 109644W), were ratified as Statutory Auditors to hold office until the conclusion of the 44th Annual General Meeting. Their remuneration will be determined by the Board from time to time.
Remote e-voting commenced on September 7, 2026, and concluded on September 9, 2026. Voting rights were reckoned based on shareholding as of September 3, 2026. M/s ND & Associates served as the scrutinizer for the e-voting process.
Historical Stock Returns for Expo Engineering & Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.44% | -2.58% | +16.46% | +65.80% | -2.87% | +1,126.67% |
How will the reappointment of Murtuza S. Mewawala influence the company's strategic direction and financial planning for FY27?
What specific operational improvements or cost-saving measures are expected under the continued oversight of Statutory Auditors K. S. Shah & Co.?
How might the second five-year term of Independent Director Venkateswaran Manickam Chittoor impact corporate governance standards and risk management protocols?
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