Murudeshwar Ceramics held its 43rd Annual General Meeting on September 18, 2026, in Hubballi. The meeting concluded with the approval of audited financial statements for FY26 and key corporate governance resolutions.

The gathering took place at Hotel Naveen in Hubballi, Karnataka, starting at 3:00 pm and ending at 4:15 pm. Fifty-four members were present, establishing the requisite quorum to conduct business.

Resolutions Approved

Shareholders passed three ordinary resolutions during the session:

• Adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026.
• Reappointment of Shri Sunil Rama Shetty as a director upon retirement by rotation.
• Approval of material related-party transactions with RNS Infrastructure Limited (RNSIL) under SEBI Listing Regulations.

Management Address

Shri Satish Rama Shetty, Chairman and Managing Director, presided over the meeting. He briefed attendees on the company’s performance in FY25-26 and provided an update on results for the first quarter of FY26-27. Members raised queries regarding operations and financials, which were addressed by management.

Audit Reports

The Company Secretary confirmed that both the Statutory Auditor’s Report and the Secretarial Audit Report contained no qualifications, adverse remarks, or disclaimers. K. G. Rao & Co. served as the statutory auditors for the year.

Attendance

Several directors were absent due to professional commitments. Shri Sunil Rama Shetty, Shri Naveen Rama Shetty, and Shri Karan S Shetty could not attend. Independent directors Shakunthala Shetty, Ravindra Bhandary, Vittal KM Shetty, and Vishwanath Shetty were present on the dais.

Murudeshwar Ceramics has scheduled its 43rd Annual General Meeting (AGM) for Friday, September 18, 2026, at 3:00 pm at Hotel Naveen in Hubballi. The meeting will address key governance matters, including the adoption of audited financial statements for FY26 and the approval of significant related-party transactions.

Related-Party Transaction Approval

A primary item on the agenda is the approval of existing and new material related-party transactions with RNS Infrastructure Limited (RNSIL). The Board seeks omnibus approval for transactions aggregating up to ₹100 crore for the financial year 2026-27.

The proposed transactions involve the sale and purchase of goods, rendering and receiving of services, and giving guarantees. The Audit Committee has reviewed these arrangements, confirming they are conducted at arm’s length and in the ordinary course of business. RNSIL holds a 21.23% stake in Murudeshwar Ceramics as part of the promoter group.

Director Reappointment

Shareholders will also vote on the reappointment of Sunil Rama Shetty as a director. He retires by rotation at the ensuing AGM and, being eligible, offers himself for reappointment. The Nomination and Remuneration Committee and the Board have recommended his reappointment.

Financial Performance and Dividend

For FY26, the company reported standalone revenue from operations of ₹20,547.50 lakh, an increase from ₹20,286.37 lakh in FY25. Standalone profit after tax stood at ₹1,126.16 lakh, compared to ₹992.45 lakh in the previous year. Consolidated profit after tax was ₹1,101.56 lakh.

Despite the improved profitability, the Board of Directors decided not to recommend any dividend for the financial year ended March 31, 2026. The Board stated that retaining profits will strengthen the company’s financial position and support working capital requirements for future expansion.

Meeting Logistics

The register of members and share transfer books will remain closed from September 11, 2026, to September 18, 2026. The cut-off date for determining voting eligibility is September 4, 2026. Remote e-voting will be available from September 15, 2026, at 9:00 am to September 17, 2026, at 5:00 pm.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE692B01014/daa025dd-4c80-450d-9c6b-fa49ea285c7d.pdf