Groarc Industries India Holds 34th Annual General Meeting, Approves Key Director Reappointments
Groarc Industries India Limited, formerly known as Telesys Info-Infra (I) Limited, conducted its 34th Annual General Meeting (AGM) on Saturday, July 18, 2026. The meeting was held through Video Conferencing or Other Audio Visual Means (VC/OAVM), concluding at 02:45 P.M. (IST).The AGM commenced at 02:30 P.M. (IST) and was chaired by Mr. Tirukkurungudi Seshadri Srinivasan, an Independent Director. The Chairman briefed members on the voting process and confirmed that the Company had facilitated remote e-voting via the Central Depository Service (India) Limited (CDSL) system prior to the meeting.
The total number of shareholders recorded as of the cut-off date, July 11, 2026, was 26,677. A total of 55 members attended the AGM through VC, and with the requisite quorum being present, the Chairman proceeded with the agenda items. Mr. Ramesh Chandra Mishra, Secretarial Auditor and Scrutinizer Practicing Company Secretary (FCS: 5477 & PCS No.: 3987), was also present via VC.
The meeting addressed several key business matters, including the adoption of audited financial statements for the fiscal year ended March 31, 2026. The Chairman confirmed that there were no adverse remarks or qualifications from either the Statutory or Secretarial Auditors regarding their reports for the period.
Key Resolutions Passed at AGM
The meeting considered and passed several Ordinary and Special Business resolutions:| Sr. No. | Agenda Item | Type of Resolution | Details |
|---|---|---|---|
| 1 | To consider and adopt the audited financial statement for the financial year ended March 31, 2026 and reports of the Board and Auditors. | Ordinary Business | Adoption of Audited Financial Statements. |
| 2 | Re-appointment of Mr. Vijayaraj Jain Heerachand Jain (DIN: 01319086) Director retiring by Rotation. | Ordinary Business | Re-appointment of the Director. |
| 3 | Re-appointment of Mr. Chandran Ganesan (DIN: 08166461) as Whole Time Director for three years, effective April 21, 2026, to April 20, 2029. | Special Business | Appointment of Whole Time Director. |
| 4 | Re-appointment of Mr. Tirukkurungudi Seshadri Srinivasan (DIN: 07044410) as an Independent Director for five years, effective August 26, 2026, to August 25, 2031, with continuation beyond age 75. | Special Business | Appointment of Independent Director. |
During the meeting, members were given ample opportunity to ask questions and seek clarifications on the company's operations and financial performance. The Chairman responded appropriately to the queries raised by two speakers.
The AGM procedures covered the voting process for remote e-voting, which had run from 9:00 A.M. (IST) on July 15, 2026, to 5:00 P.M. on July 17, 2026. The Chairman confirmed that the combined results of the electronic voting would be announced within the stipulated timeframe, with the Scrutinizer's Report to follow.
The meeting concluded after the e-voting facility was kept open for an additional 30 minutes, allowing members to cast their votes before being declared officially closed.
Stock Price Movement
At the close of trade on Friday, Groarc Industries India Ltd settled at ₹5.60, marking a 1.06% decline in shares. The stock traded through an intraday range, achieving highs of ₹5.95 and lows of ₹5.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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