Khadim India Limited has scheduled its 45th Annual General Meeting for Thursday, September 24, 2026. The event will take place via video conferencing or other audio-visual means, adhering to the Companies Act, 2013 and SEBI Listing Regulations.

The company fixed September 17, 2026 as the cut-off date to determine member eligibility for voting on resolutions or attending the meeting. Shareholders will receive the AGM notice and the annual report for the financial year ended March 31, 2026, primarily through electronic mode.

Members with registered email addresses will receive these documents digitally. Those without registered emails will receive a physical letter containing a web link to access the notice and annual report, in line with Regulation 36(1)(b) of the Listing Regulations.

Voting and Attendance Details

The notice of the AGM will include instructions for:

• Registering or updating email addresses
• Attending the meeting through VC/OAVM
• Casting votes via remote e-voting before the AGM and e-voting during the meeting

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) serves as the Registrar & Share Transfer Agent for the company.

Abhijit Dan, Group Company Secretary & Head - Legal, signed the communication on August 28, 2026.

Khadim India Limited has recovered ₹31.96 crore from the Samagra Shiksha Abhiyan Authority (SSAA), Punjab, following a High Court order confirming a favourable arbitral award.

The payment resolves a prolonged dispute over withheld receivables and forfeited performance bank guarantees related to a tender for school shoes and uniforms.

Resolution Details

According to a disclosure filed with stock exchanges on August 26, 2026, Khadim India received the outstanding amount of ₹31,96,86,729 along with applicable interest and other dues.

The recovery follows an order by the Hon’ble High Court of Punjab and Haryana, Chandigarh, dated May 5, 2026. The court confirmed the Arbitral Award passed on June 27, 2022, which was in favour of the company.

Dispute Background

The conflict originated when the Tenderer, acting through the Director General School Education-cum-State Project Director (DG-School), withheld approximately ₹32 crore and forfeited performance bank guarantees worth ₹1.5 crore and ₹35 lakh in August 2020.

Khadim India initiated arbitration proceedings against these actions. The Arbitral Panel ruled in June 2022 that the company was entitled to the principal amount plus interest at 9% per annum. It also ordered the refund of the forfeited guarantees with interest at 4.5% per annum and proportionate arbitration costs.

The dispute saw a setback in August 2023 when the District Court at Mohali set aside the arbitral award. Khadim India appealed this decision to the High Court in October 2023. The High Court’s May 2026 order reversed the District Court’s decision, reinstating the arbitration award.

What the Numbers Show

The final settlement amount of ₹31.96 crore is nearly identical to the original withheld receivable of approximately ₹32 crore. This indicates that the primary financial impact of the litigation was the time value of money, addressed through the awarded interest rates of 9% and 4.5% on the principal and guarantees respectively.