Caspian Corporate Services has scheduled its 15th AGM for September 28, 2026, and announced key leadership changes, including the five-year reappointment of Managing Director Sukumar Reddy Garlapati. The board also approved the reappointment of its statutory auditor and addressed executive remuneration adjustments, including a waiver regarding previous excess payments. These developments are subject to final shareholder approval at the upcoming AGM.
Caspian Corporate Services Board Meeting Outcomes
15th AGM scheduled for September 28, 2026; MD Sukumar Reddy Garlapati reappointed for five-year term.
Reader Takeaway: Leadership continuity established alongside auditor renewal, though remuneration waivers require close shareholder scrutiny at the AGM.
What just happened
Caspian Corporate Services held a board meeting on September 4, 2026, formalizing key administrative and governance decisions. The company confirmed the 15th Annual General Meeting will take place on September 28, 2026, via video conferencing. The board approved the Secretarial Audit Report and Director’s Report for FY26.
Leadership and Governance
Mr. Sukumar Reddy Garlapati has been reappointed as Managing Director for a fresh five-year term. Additionally, Mr. Vimal Laljibhai Kalaria joins the board as an Additional and Non-Executive Independent Director, effective September 4, 2026. M/s. M A A K & Associates has been recommended for reappointment as the statutory auditor for a five-year tenure through 2031.
Remuneration and Compliance
The board proposed increasing managerial remuneration limits for key directors, including Mr. Garlapati, Mr. Sampath Rao Nemmani, and Mr. Naresh Reddy Vattipally. Notably, the board approved a waiver for the recovery of excess remuneration previously paid to Mr. Sampath Rao Nemmani during FY26, which had exceeded Section 197 limits.
Shareholder Information
The Register of Members and Share Transfer Books will be closed from September 22 to September 28, 2026. All proposed appointments and remuneration adjustments are subject to shareholder approval at the AGM.