Autoriders International Ltd

AGM Details

• AGM held 28 September 2026, 11:30 IST via VC/OAVM.
• Record date 21 September 2026; meeting ended 12:18 IST.
• Remote e-voting 24–27 September 2026; Scrutinizer’s Report dated 29 September 2026.

Resolutions & outcomes

• Resolution 1: Adopt Standalone financials; passed with 99.56% in favour.
• Resolution 2: Adopt Consolidated financials; passed with 99.56% in favour.
• Resolution 3: Re-appoint Mulchandani by rotation; passed.
• Resolution 4: Appoint HRU & Associates as Secretarial Auditor; passed.
• Resolution 5: Increase charge limits on assets; passed.
• Resolution 6: Increase borrowing limits; passed.
• Resolution 7: Alter MOA and adopt MOA; passed.
• Resolution 8: Re-designate Mulchandani as Executive Director; remuneration approved.

Director changes

• Mulchandani Maneka Vijay: Reappointed by rotation.
• Executive Director (Whole-time) designation approved; remuneration details not disclosed.

Auditor appointments

• HRU & Associates appointed as Secretarial Auditor.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• MOA alteration; borrowing and charge limits approved.

AGM Details

• Date and time: 28 September 2026, 11:30 a.m. IST.
• Mode: VC/OAVM.
• Concluded at: 12:18 p.m. IST.
• Remote e-voting: 24 Sep 2026 9:00 a.m. to 27 Sep 2026 5:00 p.m. IST.
• Deemed venue: 4A, Vikas Centre, 104, S. V. Road, Santacruz (West), Mumbai.

Resolutions Put to Vote

• Item 1 (Ordinary): Adopt standalone financial statements for year ended March 31, 2026.
• Item 2 (Ordinary): Adopt consolidated financial statements for year ended March 31, 2026.
• Item 3 (Ordinary): Re-appoint Maneka Mulchandani, retiring by rotation.
• Item 4 (Ordinary): Appoint HRU and Associates as Secretarial Auditor.
• Item 5 (Special): Increase limits under section 180(1)(a) for charges on assets.
• Item 6 (Special): Increase overall borrowing limits under section 180(1)(c).
• Item 7 (Special): Alter MOA Object Clause and adopt revised MOA.
• Item 8 (Special): Re-designate Maneka Mulchandani as Whole-time Executive Director.

Voting & Scrutiny

• Voting results and Scrutinizer’s report to be submitted separately.
• Outcome of resolutions not disclosed in this filing.

Audit & Compliance

• Statutory Auditors’ report for FY2025-26 had no qualifications.
• Secretarial Audit notes promoter shares not dematerialised for Mukesh Patel (HUF).
• Scrutinizer appointed to scrutinize remote e-voting and in-meeting voting.

Attendance & Proceedings

• 21 members attended via VC/OAVM.
• Notice and reports were taken as read with member consent.
• Meeting duration: 11:30 a.m. to 12:18 p.m.

Autoriders International Limited — Trading Window closed from 1 October 2026 till 48 hours after the declaration of unaudited financial results for the quarter and six months period ended 30 September 2026

Financial performance

• Revenue from operations: ₹10172.85 Lakhs (₹101.73 Cr) FY2025-26.
• PAT (Standalone): ₹903.76 Lakhs FY2025-26.
• EPS (Standalone): ₹26.17 per share FY2025-26.
• Operating cash flow: ₹25.30 Crore FY2025-26.
• Fleet size reached 600 vehicles; 193 added; capex ₹26.60 Cr.
• Revenue growth 15.52% YoY; margin up 7.76%.

Growth & strategic developments

• Uber car rental aggregator partnership established FY2025-26.
• Solareco Energy Private Limited formed; 100% subsidiary.
• Consolidated results include Solareco; single operating segment.
• Long-term borrowings facility increased to ₹30 Cr; CARE BB+ Stable.

Capital structure & dividends

• Authorised share capital raised to ₹6 Cr from ₹1 Cr.
• Bonus issue completed; issued 29,00,700 equity shares.
• Issued capital after bonus: ₹3.48 Cr; 34,80,840 shares.
• Final dividend of ₹1 per share paid; cash outflow ₹5.80 Lakh.

Operations & market position

• Fleet expanded to 600 vehicles; nationwide corporate travel opportunities.
• Operations across 20 cities; focus on chauffeur-driven car rental.
• Capex ₹26.60 Cr for fleet expansion; enhanced service delivery.

Governance & risk

• HRU & Associates appointed as Secretarial Auditor for 2026-31.
• Board meetings held: 7 times in FY2025-26; 3 Independent Directors.
• Share dematerialisation: NSDL 77.57%, CDSL 19.53%, 2.90% physical.

Subsidiaries & group structure

• Solareco Energy Private Limited is a wholly owned subsidiary.
• Solareco has not commenced electricity generation; consolidated results include it.

CSR & ESG

• CSR expenditure: ₹21.50 Lakh; 2% of average net profit as per Act.
• CSR contributed ₹21.50 Lakh to charitable trust; no ongoing project yet.

Audits & disclosures

• Statutory auditors: Vandana V. Dodhia & Co; Secretarial Auditor: HRU & Associates.
• Auditors report notes no qualifications; governance disclosures on website.

AGM Details

• Date and time: 28 September 2026 at 11:30 IST; VC/OAVM.
• Mode: VC/OAVM; deemed venue: registered office.
• Record date for voting: 21 September 2026.
• Remote e-voting window: 24–27 September 2026.

Key Resolutions

• Ordinary: Adopt standalone financial statements for year ended 31 March 2026.
• Ordinary: Adopt consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Mrs. Maneka Vijay Mulchandani as director, retiring by rotation.
• Special: Appoint HRU & Associates as Secretarial Auditors for five years.
• Special: Increase borrowing limit under section 180(1)(a) to INR 200 crore for charge creation.
• Special: Increase total borrowing limit under section 180(1)(c) to INR 200 crore.
• Special: Alter MOA to adopt renewable energy object clauses.
• Special: Re-designate Maneka Vijay Mulchandani as Executive Director; remuneration up to ₹50 LPA.

Director Changes

• Re-appointment of Mrs. Maneka Vijay Mulchandani as director, retiring by rotation.
• Re-designation as Executive Director (Whole-Time) for 3 years from Aug 20, 2026.

Auditor Appointments

• Secretarial Auditor appointment: HRU & Associates for five-year term; remuneration to be mutually agreed.

Other Material Approvals

• MOA alteration: insert renewable energy object clauses and renumber MOA.
• Increase borrowing limit under 180(1)(a) to INR 200 crore.
• Increase overall borrowing limit under 180(1)(c) to INR 200 crore.

Key board decisions

• Appointed M/s HRU & Associates as Secretarial Auditor for 1 Apr 2026 to 31 Mar 2031.
• Increase in charge-creation limit from INR 100 cr to INR 200 cr, subject to member approval.
• Increase in overall borrowing limit from INR 100 cr to INR 200 cr under section 180(1)(c).
• Re-designation of Mrs. Maneka Vijay Mulchandani as Executive Director (Whole-Time Director) for 3 years.
• Remuneration up to Rs 50,00,000 per annum, subject to AGM.
• MOA amendment to include renewable energy business activities, subject to AGM approval and regulatory authorities.

Financial results

• Board approves standalone and consolidated unaudited results for quarter ended 30 June 2026; Limited Review Reports attached.
• Loan of Rs 300 lakhs to group company; it has ceased to be a going concern; no provision.
• Results and Limited Review Reports to be uploaded on the company's website.

Governance changes

• Ms. Shilpa Shah resigns as Secretarial Auditor effective 12 August 2026 due to pre-occupation.
• M/s HRU & Associates appointed Secretarial Auditor from 12 August 2026 until AGM 2026.