Peoples Investments Limited adopted its audited financial statements for FY26 during its 50th Annual General Meeting held on September 29, 2026. The company also finalized changes to its board composition through ordinary resolutions passed with requisite majority.

The meeting, conducted via two-way Video Conferencing and Other Audio Visual Means, commenced at 3:30 pm and concluded at 3:53 pm. All agenda items listed in the notice dated August 11, 2026, were transacted in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.

Board appointments and re-appointments

Shareholders approved the re-appointment of Suma Gopalakrishnan Nair (DIN: 07100911) as a Director. She retired by rotation and offered herself for re-appointment, which was passed as an ordinary resolution.

Additionally, the company appointed Brajesh Palsaniya (DIN: 10262792) as a Non-Executive Director. This appointment was also approved via an ordinary resolution with the required voting majority. Palsaniya was previously appointed as an Additional Director by the Board effective August 11, 2026. His term is liable to retire by rotation as per the provisions of the Companies Act, 2013.

Profile of Brajesh Palsaniya

Brajesh Palsaniya is a Fellow Chartered Accountant (FCA) with over three decades of experience in strategic finance, capital restructuring, and corporate governance. He has held leadership roles including Director of Treasury & Corporate Strategy at Raymond Ltd. and Bajaj Energy Ltd., Head of Treasury at Kesoram Industries Ltd., and General Manager of Corporate Finance at Suzlon Energy Ltd., where he masterminded a landmark ₹20,000 crore Corporate Debt Restructuring (CDR) roadmap. His career also includes positions at Shah Alloys Ltd., Intas Pharmaceuticals Ltd., and Vadilal Industries Ltd. He is a recipient of the Dr. APJ Abdul Kalam Azad Inspiration Award and has been named one of India's Top 20 Treasury Champions.

Voting proceedings

The resolutions covered three key areas: adoption of financials, director re-appointment, and new director appointment. Voting occurred through both remote e-voting and e-voting during the AGM.

The detailed voting results, including remote e-voting data and the Scrutinizer's Report, will be disseminated on stock exchanges and placed on the company's website in due course. The filing was signed by Director Suma G. Nair.

What the Numbers Show

The combined disclosure reveals a significant concentration of voting power within the promoter group despite broad shareholder eligibility. While there were 391 shareholders on the record date, only 9 participated in the meeting via video conferencing. Of the total 19,160 votes polled across all three resolutions, the Promoter and Promoter Group accounted for 15,000 votes, representing 78.3% of the total votes cast. Public shareholders contributed only 4,160 votes. Consequently, the promoter group effectively determined the outcome of every resolution, as their voting share alone exceeded the simple majority threshold required for ordinary resolutions.

Peoples Investments Limited scheduled its 50th Annual General Meeting for September 29, 2026. The meeting will be held at 3:30 pm through video conferencing or other audio-visual means.

The company issued the notice in compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This communication targets shareholders who have not registered their email addresses with the company, its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, or their Depository Participants.

AGM Details and E-Voting Schedule

Shareholders can access the complete Annual Report for FY26 via the company website. The e-voting process begins on Saturday, September 26, at 9:00 am and concludes on Monday, September 28, 2025, at 5:00 pm. The cut-off date for e-voting eligibility is Tuesday, September 22, 2026.

Regulatory Compliance and KYC Updates

The letter serves as a reminder for shareholders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. The circular mandates listed companies to record PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choices for security holders holding securities in physical mode.

Shareholders are requested to dematerialise physical securities and update their email addresses with their DP or RTA at the earliest. The Annual Report is also available on the websites of National Securities Depository Limited and BSE Limited.