Responsive Industries Ltd

AGM details

• Held on 24 August 2026 at 3:00 PM IST via VC/OAVM.
• Meeting commenced 3:08 PM and concluded 4:11 PM IST.

Key resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements for 2025-26 (Ordinary).
• Declaration of final dividend for year ended 31 March 2026 (Ordinary).
• Appointment of Mr. Sadanand Morab as director liable to retire by rotation (Ordinary).
• Ratification of remuneration of Cost Auditors for 2026-27 (Ordinary).
• Appointment of Mr. Aayush Agarwal as Non-Executive Non-Independent Director & Chairperson (Ordinary).
• Appointment of Mr. Bajrang Lal Bajaj as Non-Executive Independent Director (Special).
• Alteration of Memorandum of Association (Special).
• Alteration of Articles of Association (Special).

Voting and outcomes

• Voting results will be disclosed; resolutions deemed passed on requisite votes.

Dividend

• Final dividend of ₹0.10 per share (10%).

Director changes

• Dr. Anita Shantaram resigned as Independent Director.
• Mita Jha ceased to be Independent Director on demise.
• Ajay Shanghavi and Jeny Gowadia appointed Independent Directors.
• Rishabh Agarwal resigned as Non-Executive Director & Chairperson.
• Aayush Agarwal appointed as Additional Non-Executive Director & Chairperson.
• Bajrang Lal Bajaj appointed as Additional Independent Director.

Auditors

• Statutory Auditor: Shah & Taparia.
• Secretarial Auditor: Mayank Arora & Co.
• Internal Auditor: Bhattacharya Das & Co.
• Cost Auditor: S.K. Agarwal & Associates; remuneration ratified.

MoA/AoA amendments

• MoA to insert additional main object for infrastructure/real estate.
• AoA updated to align with Companies Act 2013.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review reports by Shah & Taparia approved for standalone and consolidated results.
• Independent review concluded no material misstatement in the statements.

Buyback governance

• Board formed Buy-Back Committee to evaluate proposed Buy-Back modalities.
• Trading window closed for designated persons 48 hours post Buy-Back approval.
• Board may decide on Buy-Back following detailed evaluation at a subsequent meeting.

Regulatory/compliance notes

• Statutory impact of new Labour Codes recognised in year-end figures.

Meeting Details

• Date: August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q1 FY2026 ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after the board meeting.

Director appointment

• Appointment of Mr. Bajrang Lal Bajaj as Non-Executive Independent Director.
• Effective 24 July 2026, for a five-year term, subject to shareholders' approval.
• Reason: appointment based on Nomination and Remuneration Committee recommendation.
• Profile: 35+ years in M&A, growth strategy, cross-border advisory, divestments, acquisitions, private equity.
• Relationship: not related to any other director.
• Disqualification: not debarred by SEBI or other authorities.

Clarification on trading volume spike

• Promoters and KMP deny any information driving the volume spike.
• Company confirms ongoing compliance with Regulation 30 of SEBI LODR and exchange rules.
• No unpublished price sensitive information or impending announcement identified.
• Shares are freely tradable; price/volume deemed market-driven; no comment on speculation.