W H Brady & Co Ltd held its 113th Annual General Meeting on September 26, 2026, through Video Conferencing. The meeting saw the approval of audited financial statements for the fiscal year ended March 31, 2026.

The company reported that 23 members attended the virtual session. Chairman and Managing Director Pavan G. Morarka presided over the proceedings, confirming compliance with Ministry of Corporate Affairs circulars and SEBI listing regulations. The notice convening the AGM and the Directors' Report were taken as read, with no qualifications or adverse remarks noted in the Auditors' or Secretarial Audit Reports.

Resolutions passed

Members approved both ordinary and special business items set out in the notice dated August 13, 2026. Key resolutions included the adoption of standalone and consolidated financial statements for FY26. Additionally, Vaibhav Morarka was re-appointed as a director retiring by rotation. Cyrus Vachha was re-appointed as a Non-Executive Independent Director via a special resolution. Material related party transactions with Brady & Morris Engineering Company Limited were also approved under Regulation 23 of SEBI (LODR) Regulations, 2015.

Voting and attendance details

Remote e-voting facilities were provided by Central Depository Services (India) Limited. The voting period ran from September 23 to September 25, 2026. Members present during the AGM who had not voted remotely were allowed to cast their votes electronically during the meeting.

The scrutinizer appointed for the process was Himank Desai, a Chartered Accountant. Voting results and the scrutinizer's report are scheduled to be published on the company website and communicated to the Bombay Stock Exchange within two working days of the meeting's conclusion. Directors Pinaki Misra, Ravindra Joshi, and Chitralekha Hiremath communicated their inability to attend the AGM.

W H Brady & Co Ltd has scheduled its 113th Annual General Meeting for Saturday, September 26, 2026. The meeting will convene via video conferencing to address ordinary and special business items for the financial year ended March 31, 2026.

Director Re-Appointments

Shareholders will vote on the re-appointment of Mr Vaibhav Morarka as a Non-Executive Director, who retires by rotation. The board also seeks approval for the re-appointment of Mr Cyrus Vachha as a Non-Executive Independent Director for a five-year term effective from September 29, 2026.

Mr Vachha, an 81-year-old banking and internal audit professional, was initially appointed in September 2021. The Nomination and Remuneration Committee recommended his re-appointment based on his performance evaluation and expertise. As he has attained the age of 75 years, the resolution requires member approval under Regulation 17(1A) of the SEBI Listing Regulations.

Related-Party Transactions

The most significant special business item involves approving material related-party transactions with Brady & Morris Engineering Company Limited, a subsidiary of the promoter company. The board seeks omnibus approval to provide loans, guarantees, or security to the subsidiary for existing and future loans.

The proposed transactions are capped at an aggregate value of ₹300 crore per financial year from FY27 through FY36. These facilities aim to support the subsidiary’s operational efficiency, business expansion, and project execution. The loans will be provided at arm’s length terms with mutually agreed interest rates.

Transaction Details

Brady & Morris Engineering Company Limited reported a turnover of ₹73.10 crore and a net profit of ₹5.57 crore for FY26. Its net worth stands at ₹53.07 crore. The listed entity’s directors Mr Pavan G Morarka, Mr Vaibhav Morarka, and Mr Rajender Kumar Sharma have interests in this transaction.

Meeting Logistics

The AGM will be held through VC/OAVM modes in compliance with MCA circulars. The deemed venue is the registered office at Brady House, Mumbai. Remote e-voting will be available from Wednesday, September 23, 2026, at 9:00 am until Friday, September 25, 2026, at 5:00 pm. The record date for voting rights is September 19, 2026.