Indo-MIM adopts FY26 financials, re-appoints director at 30th AGM
- Indo-MIM Limited held its 30th AGM on September 22, 2026, via video conferencing
- Shareholders adopted audited standalone and consolidated financial statements for FY26
- Raj Chivukula was re-appointed as a director under an ordinary resolution
- Special resolutions modified ESOP 2024 and extended benefits to group employees
- Secretarial auditors were appointed for a five-year term spanning FY27 to FY31
*this image is generated using AI for illustrative purposes only.
Indo-MIM Limited held its 30th Annual General Meeting on September 22, 2026, through video conferencing. Shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and approved the re-appointment of Raj Chivukula as a director.
The meeting, chaired by Krishna Chivukula, commenced at 9:00 am and concluded at 10:30 am. A total of 208 members participated virtually, exercising their voting rights through the electronic voting system provided by MUFG Intime India Private Limited. The company confirmed that no physical attendance was required, complying with regulatory norms for virtual general meetings.
Resolutions passed
The agenda included ordinary business such as the adoption of financial reports and the re-appointment of a retiring director. Special business items focused on governance and employee compensation structures.
| Resolution | Type | Details |
|---|---|---|
| Adoption of Financial Statements | Ordinary | Audited standalone and consolidated statements for FY26 |
| Re-appointment of Director | Ordinary | Raj Chivukula (DIN 02484081) retiring by rotation |
| Ratify Cost Auditor Remuneration | Ordinary | M/s. Jayaram & Associates for FY27 |
| Appoint Secretarial Auditors | Ordinary | For five years from FY27 to FY31 |
| Modify ESOP 2024 Plan | Special | Modification and ratification of existing plan |
| Extend ESOP Benefits | Special | To employees of subsidiary, associate, or holding companies |
Management overview and shareholder interaction
Krishna Chivukula Jr., Whole-time Director and CEO, presented an overview of the company's business performance, operational achievements, and future outlook for the fiscal year 2025-26. Santosh Kumar Dash, Company Secretary and Compliance Officer, outlined the procedural compliance with the Companies Act, 2013, and SEBI Listing Regulations.
Ten registered members raised questions during the session. Parasuraman Balasubramanian, Vice President Finance and Chief Financial Officer, addressed all queries raised by the shareholders. The company noted that there were no qualifications, observations, or adverse remarks in the reports of the statutory auditors or secretarial auditors.
Governance and voting details
Voting results are expected to be announced within 48 hours of the meeting's conclusion. The company facilitated remote e-voting from September 19 to September 21, 2026, prior to the live session. Members who did not vote remotely were allowed to cast their votes electronically during the meeting.
Historical Stock Returns for Indo-MIM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.19% | +21.13% | +39.81% | +154.29% | +154.29% | +154.29% |
How will the modification and extension of the ESOP 2024 Plan to subsidiary and associate employees impact Indo-MIM's long-term talent retention and operational efficiency?
What specific growth strategies or capital expenditure plans did CEO Krishna Chivukula Jr. outline for FY27 during the shareholder interaction?
How does the re-appointment of Raj Chivukula signal continuity in the company's governance structure amidst potential sector-specific challenges?
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