Maruti Suzuki India Limited concluded its 45th Annual General Meeting on August 31, 2026. The meeting was held through video conferencing and other audio-visual means.

Shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The Board of Directors’ report and the Auditors’ reports were also adopted.

Key Resolutions

The members voted on several ordinary resolutions during the session:

• Adoption of audited standalone financial statements for FY26
• Adoption of audited consolidated financial statements for FY26
• Declaration of dividend on equity shares
• Re-appointment of Director Kazunari Yamaguchi
• Re-appointment of Director Toshihiro Suzuki
• Ratification of remuneration for Cost Auditor M/s R.J. Goel & Co.

Both Mr. Kazunari Yamaguchi and Mr. Toshihiro Suzuki retired by rotation but were eligible and offered themselves for re-appointment.

Voting Process

The company provided an e-voting facility via Kfin Technologies Limited. The remote e-voting period ran from August 26, 2026, at 9:00 am to August 30, 2026, at 5:00 pm. Members attending the meeting could also vote electronically during the session.

Mr. Manish Gupta, Managing Partner of M/s RMG & Associates, served as the scrutinizer for both remote and in-meeting voting. Queries from members were addressed during the meeting.

The AGM concluded at 11:54 am. The final results and the scrutinizer’s report will be posted on the company website and communicated to stock exchanges simultaneously.

Maruti Suzuki India Limited has reported its highest-ever annual sales of 24.22 lakh vehicles for the fiscal year 2025-26 (FY26), alongside record exports of 4.47 lakh units. The company, which achieved the 2 million sales mark for the third consecutive year, attributes this momentum to a revival in the small car segment, a strengthening SUV portfolio, and robust export performance. Management is optimistic about reaching its next million-vehicle sales milestone earlier than anticipated, supported by simultaneous growth drivers across multiple segments.

The release of the Annual Integrated Report 2025-26, themed "The Next Million, New Momentum," coincides with significant strategic updates on capacity expansion and sustainable fuel initiatives. Maruti Suzuki’s Board approved the construction of four biogas plants in the first phase at a cost of ₹561 crore. This initiative aims to produce zero-emission fuel from locally available resources, substituting imported CNG and reducing reliance on coal for electricity generation. Chairman R. C. Bhargava highlighted that these efforts align with India's journey toward Net Zero, leveraging biogas as a clean, renewable energy source with zero import content.

Capacity Expansion and Product Strategy

Reflecting confidence in the medium-term outlook, Managing Director & CEO Hisashi Takeuchi announced accelerated capacity expansion plans. During FY 2026-27, the company added 500,000 units of manufacturing capacity to meet evolving customer expectations. To further strengthen its market position, Maruti Suzuki plans to introduce seven new SUVs over the next five to six years. This product pipeline underscores the company's focus on high-growth segments while maintaining its multi-powertrain strategy.

Market Outlook and Shareholder Context

Chairman R. C. Bhargava estimated that the Indian car industry would grow to 6.1 to 6.3 million units by FY 2030-31, with the small car market growing significantly faster than its pace over the last five years. He noted that recent GST reforms have provided new impetus to the automobile sector and broader economy.

This disclosure precedes the company's 45th Annual General Meeting (AGM), scheduled for August 31, 2026. The meeting will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). Key agenda items include the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the declaration of a record dividend of ₹140 per equity share. Shareholders without registered email addresses have been issued letters with web-links to access the Annual Report, ensuring equitable access to financial statements as per Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

The record sales figure of 24.22 lakh vehicles marks a significant operational achievement, demonstrating resilience despite broader economic uncertainties. The simultaneous push into biogas production signals a long-term strategic shift toward energy independence and sustainability, potentially reducing future exposure to volatile fossil fuel prices. With capacity expansion underway and a robust product pipeline, Maruti Suzuki is positioning itself to capture a larger share of the projected 6.3 million unit market by FY 2030-31.