Marsons Ltd held its 49th Annual General Meeting on September 30, 2026, at 2:00 pm through Video Conferencing and Other Audio-Visual Means. The meeting focused on statutory compliance and the adoption of the company's financial statements for the fiscal year ended March 31, 2026.

Subhash Kumar Agarwala, Director of the company, served as the Chairman of the meeting. He welcomed members participating virtually and confirmed the presence of a requisite quorum. The proceedings were conducted in strict adherence to guidelines issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India regarding virtual meetings.

Resolutions transacted

The shareholders considered and adopted the audited standalone and consolidated financial statements for FY26. These statements were accompanied by the reports of the Directors and Auditors. Additionally, the meeting addressed the appointment of a director in place of Subhash Kumar Agarwala, who retired by rotation and sought reappointment. The board also ratified the remuneration for the Cost Auditor for FY27.

Board attendance and voting process

Five directors participated in the AGM through virtual means. The company utilized remote e-voting facilities as mandated by Section 108 of the Companies Act, 2013, and SEBI regulations. Members who had not voted prior to the meeting could cast their votes during the session.

Governance and disclosure

Mr. Arun Kumar Jaiswal of M/s. Jaiswal A & Co was appointed as the Scrutinizer to ensure a fair and transparent e-voting process. The consolidated results of the voting will be disseminated to stock exchanges and uploaded on the company’s website following the receipt of the Scrutinizer’s report. The meeting concluded at 2:28 pm with a vote of thanks to the attendees.

Marsons appointed Rajiv Gupta as an additional independent director effective September 16, 2026. The board approved his appointment for a five-year term, subject to shareholder approval. This follows the earlier induction of Debashish Sarkar as an additional non-executive director.

Board Approval Details

The company’s board of directors considered and approved the appointment during its meeting held on September 16, 2026. The meeting commenced at 3:00 pm and concluded at 3:30 pm.

Mr. Gupta serves as a non-executive independent director. His term is not liable to retire by rotation. The appointment requires final approval from shareholders in accordance with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations.

Profile and Experience

Mr. Gupta brings over 35 years of experience in the power and renewable energy sector. He previously served as Chief Executive Officer of NTPC Green Energy Limited and NTPC Renewable Energy Limited. In these roles, he led strategic initiatives to expand renewable energy capacity and improve operational efficiency.

He also held senior positions at NTPC Limited, including Chief General Manager and General Manager. His career includes managing large-scale infrastructure projects, contract management, and corporate strategy. Currently, he works as a consultant with Advance Corporate Advisory Private Limited, advising on energy, infrastructure, and corporate governance matters.

Regulatory Compliance

The company disclosed that Mr. Gupta satisfies the independence criteria prescribed under the Companies Act, 2013, and SEBI Listing Regulations. He is not related to any existing director of the company. Furthermore, he is not debarred from holding the office of director by any SEBI order or other authority.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the intimation is available on the company’s website.