Tarmat has scheduled its 41st Annual General Meeting for September 30, 2026, to transact business including the adoption of financial statements for FY26 and the reappointment of key board members. The meeting will be held via video conferencing from the company’s registered office in Mumbai.

The company has dispatched letters containing web-links to access the Integrated Annual Report for FY26 and the AGM notice to members whose email addresses are not registered. The record date for determining membership is August 31, 2026.

The agenda includes the reappointment of Dilip Varghese as Managing Director for a three-year term starting August 14, 2026. His basic salary will increase to ₹4.00 lakh per month, effective October 1, 2026, up from ₹2.50 lakh per month previously drawn. He is eligible for additional performance-linked incentives as determined by the Board.

Management Remuneration Changes

Shareholders will also consider the reappointment of Amit Atmaram Shah as Executive Director for three years until September 30, 2029. His basic salary will rise to ₹4.00 lakh per month from October 1, 2026, matching the previous draw of ₹2.50 lakh per month. Like Varghese, Shah is entitled to variable pay subject to statutory limits.

Non-Executive Director Jerry Varghese, father of Dilip Varghese, will see his remuneration increased to ₹4.50 lakh per month, effective October 1, 2026, rising from ₹3.00 lakh per month. The Board recommends these changes based on the Nomination and Remuneration Committee’s assessment of their contributions to company growth.

Governance and Audits

Independent Director Krishan Kumar Kinra is up for reappointment for a second five-year term, concluding at the 46th AGM. The company also seeks approval to reappoint Hegde & Associates as statutory auditors for a five-year tenure starting from the conclusion of this AGM. Additionally, members will ratify the remuneration of ₹1.00 lakh plus taxes for Cost Auditor Satish Shah for FY27.

E-Voting and Book Closure Details

The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026, for the purpose of the AGM. Members holding shares as on the cut-off date of September 24, 2026, are eligible to vote.

Remote e-voting through Bigshare Services Private Limited commences on September 26, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. Votes cast during this period cannot be changed subsequently. Members who have voted remotely may attend the AGM via video conferencing but cannot vote again. Those who have not voted remotely may vote electronically at the meeting.

What the Numbers Show

The explanatory statement accompanying the notice highlights a sharp turnaround in profitability. Net profit surged to ₹655.62 lakh in FY26, a significant improvement from ₹186.90 lakh in FY25 and a loss of ₹113.20 lakh in FY24. This recovery coincides with revenue growth from ₹8,935.34 lakh in FY24 to ₹11,737.37 lakh in FY26. The proposed salary hikes for top management represent a small fraction of this improved profit base, suggesting the increases are aligned with recent operational gains rather than fixed overhead expansion.

Tarmat Limited will hold its 41st Annual General Meeting on September 30, 2026. The event is scheduled for 2:00 pm and will be conducted through Video Conferencing or Other Audio-Visual Means.

The company notified the National Stock Exchange of India Limited and BSE Limited on August 22, 2026. This disclosure complies with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The meeting aims to transact business as outlined in the notice circulated for convening the AGM. Shareholders can participate remotely without physical presence, adhering to Ministry of Corporate Affairs circulars.

Corporate Governance

Dilip Varghese, Managing Director, signed the intimation letter. The company published newspaper advertisements in Active Times and Mumbai Lakshadweep on August 22, 2026, to inform members of the meeting schedule.