Markolines Pavement Technologies Limited concluded its 24th Annual General Meeting on September 29, 2026, via video conferencing. The meeting focused on the adoption of financial statements for FY26 and key leadership continuity measures.

The Chairman & Managing Director, Sanjay Bhanudas Patil, was re-appointed for a further period of five years effective August 27, 2026, through a special resolution. This decision ensures stability in top management as the company continues its operations in highway maintenance and infrastructure development.

Financials and operational updates

Members approved the audited consolidated and standalone financial statements for the financial year ended March 31, 2026. The Board’s report highlighted the company's continued focus on highway Operations & Maintenance and its expansion into specialized infrastructure opportunities. Additionally, the company noted progress regarding the proposed amalgamation with Markolines Infra Limited.

The Chairman also referenced the company’s recent listing on the NSE Main Board as a significant milestone during the address to shareholders.

Leadership changes and appointments

The meeting addressed several directorial appointments and re-appointments to strengthen the board's composition. The resolutions passed include:

Praveen Sevantilal Panchal was re-appointed as a Director liable to retire by rotation. Anjali Vikas Sapkal was re-appointed as a Non-Executive Independent Director for a second term of five consecutive years effective August 17, 2026. Rahul Ramkrishna Modak was appointed as a new Non-Executive Independent Director for a term of five years effective August 14, 2026.

Procedural details

The AGM commenced at 11:30 am and concluded at 11:48 am. The requisite quorum was present through the Video Conferencing/Other Audio Visual Means facility. Voting was conducted electronically via Bigshare Services Private Limited, with results to be announced within the statutory period. The meeting was conducted in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Markolines Pavement Technologies has scheduled its 24th Annual General Meeting for September 29, 2026. The meeting will be held via video conferencing at 11:30 am.

The primary agenda includes the adoption of financial statements for FY26 and several key director appointments. Shareholders will vote on the re-appointment of Sanjay Bhanudas Patil as Managing Director for a five-year term starting August 27, 2026. His proposed annual salary is ₹126 lakh.

Director Appointments

The Board seeks shareholder approval for three director-related resolutions:

• Sanjay Bhanudas Patil: Re-appointment as Managing Director for five years (August 27, 2026 to August 26, 2031). He holds a Diploma in Mechanical Engineering and has over 30 years of experience in infrastructure. His FY25-26 remuneration was ₹126 lakh.
• Anjali Vikas Sapkal: Re-appointment as Non-Executive Independent Director for a second five-year term (August 17, 2026 to August 16, 2031). She brings over 26 years of experience in quality management and compliance.
• Rahul Ramkrishna Modak: Confirmation of appointment as Non-Executive Independent Director for a five-year term (August 14, 2026 to August 13, 2031). He has over 30 years of senior management experience, including roles at Tata International and L&T Finance.

Additionally, Executive Director Praveen Sevantilal Panchal retires by rotation and offers himself for re-appointment. His proposed remuneration remains unchanged at ₹60 lakh annually.

Meeting Logistics

The AGM will be conducted through Video Conferencing or Other Audio Visual Means as permitted by the Ministry of Corporate Affairs. The registered office in Navi Mumbai will be deemed the venue. Remote e-voting will be facilitated by Bigshare Services Pvt. Ltd. from September 25 to September 28, 2026.

Regulatory Compliance

The company submitted the notice convening the AGM and the annual report to BSE Limited and National Stock Exchange of India Limited on September 7, 2026. This filing complies with regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Sanjay Bhanudas Patil, Chairman and Managing Director.