CIE Automotive India Concludes 27th AGM with Dividend and Leadership Approvals

CIE Automotive India Limited successfully conducted its 27th Annual General Meeting on 29th April 2026, marking another milestone in corporate governance with comprehensive business approvals and strategic decisions for the automotive components manufacturer. The meeting was held virtually through Video Conference and Other Audio Visual Means, complying with Ministry of Corporate Affairs circulars and applicable provisions of the Companies Act, 2013.

Meeting Overview and Participation

The Annual General Meeting was chaired by Mr. Shriprakash Shukla, Chairman of the Board, with 52 members attending virtually from the total shareholder base of 1,04,857 as on the cut-off date of 22nd April 2026. The virtual format ensured broad participation while maintaining regulatory compliance, with all committee chairmen including Audit, Nomination and Remuneration, Corporate Social Responsibility, Risk Management, and Stakeholders Relationship Committees attending the meeting.

Key Financial Decisions and Dividend Declaration

The meeting approved several significant financial matters, with the most notable being the dividend declaration for shareholders.

Resolution Type: Details Dividend per Share: Rs. 7.00 per ordinary equity share Face Value: Rs. 10.00 each Financial Year: Ended 31st December 2025 Audited Financial Statements: Adopted with Board and Auditor reports

Leadership and Remuneration Approvals

The AGM addressed key leadership matters including director appointments and remuneration structures. Mr. Shriprakash Shukla was re-appointed as Director liable to retire by rotation, demonstrating continued confidence in the existing leadership.

Position: Annual Remuneration Period Non-Executive Director (Mr. Shriprakash Shukla): Rs. 6,000,000 1st April 2025 to 31st March 2028 Whole-time Director (Mr. Manoj Mullassery Menon): Up to Rs. 30,000,000 Effective 1st April 2026 Cost Auditors (Messrs. Dhananjay V. Joshi & Associates): Rs. 13,86,000 Financial Year ending 31st December 2026

Related Party Transaction Approvals

The meeting approved substantial related party transactions that will facilitate business operations and strategic partnerships. The most significant approval involved transactions with Mahindra & Mahindra Limited, covering various business activities including sale and purchase of goods and services, asset purchases, interest payments, and lease arrangements, with an aggregate annual limit of Rs. 25,000 million.

Additionally, the AGM approved material related party transactions between the company's wholly-owned subsidiary CIE Galfar S.A.U. and ultimate holding company CIE Automotive S.A., specifically for cash pooling arrangements and purchase of services.

Resolution Outcomes and Corporate Governance

Resolution Summary: Status Total Resolutions: 8 items Voting Method: Remote e-voting + Live e-voting All Resolutions: Passed with requisite majority Shareholder Participation: 52 members attended virtually

All resolutions presented at the AGM were passed with requisite majority, demonstrating strong shareholder support for the company's strategic direction. The voting process combined remote e-voting with live e-voting during the meeting, ensuring comprehensive shareholder participation. The meeting maintained high standards of corporate governance, with statutory registers made available for electronic inspection and comprehensive disclosure of all material matters.

CIE Automotive India Limited has published its unaudited financial results for the quarter ended March 31, 2026, in Business Standard and Loksatta newspapers on April 25, 2026. This publication complies with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent dissemination of financial information to stakeholders.

Board Meeting and Results Approval

The Board of Directors convened on April 23, 2026, to review and approve the quarterly financial results. The key meeting details are outlined below:

Parameter Details Meeting Date April 23, 2026 Start Time 4:30 PM End Time 5:40 PM Duration 1 hour 10 minutes Results Type Standalone and Consolidated

Regulatory Compliance and Filings

Pursuant to Regulations 30 and 33 of the SEBI Listing Regulations, CIE Automotive has submitted the unaudited financial results along with Limited Review Reports from statutory auditors. The comprehensive documentation includes both standalone and consolidated financial statements, ensuring full regulatory compliance. The newspaper publication on April 25, 2026, fulfills the requirements under Regulation 47 of the SEBI Listing Regulations.

Stock Exchange Communications

The company has formally communicated with both BSE Limited (Scrip Code: 532756) and National Stock Exchange of India Limited (Scrip Code: CIEINDIA) regarding the results filing. The results have been simultaneously uploaded on the company's official website at www.cie-india.com , ensuring transparent access to financial information for all stakeholders.

Corporate Structure and Operations

CIE Automotive India Limited operates from its registered office at G Block, Bhosari Industrial Estate, Pune, with corporate office located at Amar Business Park, Baner Road, Pune. The company maintains comprehensive investor relations through dedicated communication channels and regular financial disclosures. Pankaj V. Goyal serves as Company Secretary, Chief Compliance Officer, and Head-Legal.

Strategic Developments

The Board of Directors approved a significant restructuring proposal involving the merger of CIE Aluminium Casting India Limited, a wholly owned subsidiary, with and into the parent company. This merger remains subject to requisite regulatory approvals under the Companies Act, 2013, and other applicable laws, representing a strategic consolidation initiative within the corporate structure.

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