Best Agrolife MD, chairman, board of directors and AGM
NSE: BESTAGROBSE: 539660Fertilizers & AgrochemicalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹14.94.
- Next results date: the board meets on 30 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹524 Cr1,726th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 30 Jul 2026
- 17.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 3 Jul 2026
- 0.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.68%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 30 Jul 2026
- 3.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 30 Jul 2026
- 7.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 3 Jul 2026
- 0.56
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 14,88,70125.8% delivered
Best Agrolife board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonBRAJ KISHORE PRASAD
- Managing directorVIMAL KUMAR
- Company Secretary and Compliance OfficerAarti Arora
6 directors2 independent3 executive1 non-executive
- BRAJ KISHORE PRASAD · ChairpersonIndependent · joined Aug 2019 · reappointed Sep 2024 · 85 months as independent · 1 listed board · 1 as independent · 2 committee seats
- VIMAL KUMAR · Managing directorExecutive · joined Aug 2019 · reappointed Sep 2025 · 1 listed board
- SURENDRA SAI NALLAMALLIExecutive · joined Jul 2025 · reappointed Sep 2025 · 1 listed board
- PRAMOD NARAYAN KARLEKARNon-executive · joined Jul 2025 · reappointed Sep 2025 · 1 listed board · 2 committee seats, 1 as chair
- CHETNAIndependent · joined Jul 2021 · reappointed Sep 2025 · 63 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 4 as chair
- ISHA LUTHRAExecutive · joined Nov 2019 · reappointed Sep 2024 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- BALAVENKATARAMA PRASAD SURYADEVARA, left 2 Jul 2025: Others
- SHUVENDU KUMAR SATPATHY, left 2 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 1 Sep 20266 of 6 present2 independent · 32 days in between
- 30 Jul 20266 of 6 present2 independent · 32 days in between
- 27 Jun 20266 of 6 present2 independent
Audit Committee
Chair CHETNA
BRAJ KISHORE PRASAD, PRAMOD NARAYAN KARLEKAR
- 1 Sep 20263 of 3 present2 independent · 32 days in between
- 30 Jul 20263 of 3 present2 independent · 63 days in between
- 27 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair CHETNA
BRAJ KISHORE PRASAD, PRAMOD NARAYAN KARLEKAR
- 1 Sep 20263 of 3 present2 independent · 306 days in between
- 29 Oct 20253 of 3 present2 independent
Stakeholders Relationship Committee
Chair PRAMOD NARAYAN KARLEKAR
BRAJ KISHORE PRASAD, CHETNA
- 1 Sep 20263 of 3 present2 independent · 271 days in between
- 3 Dec 20253 of 3 present2 independent
Risk Management Committee
Chair BRAJ KISHORE PRASAD
CHETNA, PRAMOD NARAYAN KARLEKAR
- 30 Jul 20263 of 3 present2 independent · 173 days in between
- 6 Feb 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair BRAJ KISHORE PRASAD
CHETNA, PRAMOD NARAYAN KARLEKAR
- 1 Sep 20263 of 3 present2 independent · 206 days in between
- 6 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Walker Chandiok & Co LLPPeer-review certificate valid to May 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Best Agrolife AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Best Agrolife dividend history
Annual general meeting, 29 Sep 2026
70,607 shareholders on the register on 22 Sep 2026; present: 3 promoters and 69 others; votes counted by RAKHI RANI / RAKHI RANI.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.38% · promoters 100.00% · institutions 88.98% · other public 31.31%
- To declare dividend on equity shares for the Financial Year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 70.38% · promoters 100.00% · institutions 88.98% · other public 31.31%
- To appoint a director in place of Mr. Vimal Kumar (DIN: 01260082), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 19.93% · promoters 0.00% · institutions 88.98% · other public 31.31%
- Approval for changing the terms of Remuneration of Mr. Surendra Sai Nallamalli (DIN: 08837064), Whole-time Director of the Company.SpecialPromoters have an interest in it99.48% for0.52% against
Against: promoters 0.00% · institutions 1.46% · other public 0.02%
Turnout: all 19.93% · promoters 0.00% · institutions 88.98% · other public 31.31%
- Remuneration to Directors exceeding the overall managerial remuneration limit as per the provisions of Section 197 of the Companies Act 2013.SpecialPromoters have an interest in it99.49% for0.51% against
Against: promoters 0.00% · institutions 1.46% · other public 0.02%
Turnout: all 19.93% · promoters 0.00% · institutions 88.98% · other public 31.31%
Remuneration in excess of limits prescribed under regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended to Mr. Vimal Kumar (DIN: 01260082), Managing Director of the Company.MoreLess
SpecialPromoters have an interest in it99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 19.93% · promoters 0.00% · institutions 88.98% · other public 31.31%
- Approval for Material Related Party Transaction(s) with Kashmir ChemicalsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 70.38% · promoters 100.00% · institutions 88.98% · other public 31.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 29 Dec 2025, 2 resolutions
38,207 shareholders on the register on 22 Dec 2025; present: 4 promoters and 60 others; votes counted by RAKHI RANI / RAKHI RANI.The company's voting result (opens in a new tab)
- To Consider and approve the Sub-Division / Split of Equity Shares and consequential alteration of Capital Clause of Memorandum of Association of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.90% · promoters 100.00% · institutions 88.01% · other public 35.05%
- To issue Bonus SharesOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 71.90% · promoters 100.00% · institutions 88.01% · other public 35.05%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2025, 11 resolutions
37,355 shareholders on the register on 23 Sep 2025; present: 3 promoters and 61 others; votes counted by RAKHI RANI / RAKHI RANI.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.49% · promoters 100.00% · institutions 87.64% · other public 38.75%
- To declare final dividend on Equity for the Financial Year ended 31st March, 2025.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.49% · promoters 100.00% · institutions 87.64% · other public 38.75%
- To appoint a Director in place of Mrs. Isha Luthra (DIN: 07283137), Director, who retires by rotation and being eligible, offers himself for reappointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.48% · promoters 100.00% · institutions 87.64% · other public 38.73%
- To consider and re-appoint M/s. Walker Chandiok & Co LLP, Chartered Accountants as the Statutory Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 73.48% · promoters 100.00% · institutions 87.64% · other public 38.73%
- Appointment of Secretarial Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.48% · promoters 100.00% · institutions 87.64% · other public 38.73%
- Re-appointment of Mr. Vimal Kumar (DIN: 01260082) as Managing DirectorSpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 23.04% · promoters 0.00% · institutions 87.64% · other public 38.73%
- To approve the appointment of Mr. Surendra Sai Nallamalli (DIN: 08837064) as a Whole-Time Director of the CompanySpecialPromoters have an interest in it99.11% for0.89% against
Against: promoters 0.00% · institutions 2.95% · other public 0.01%
Turnout: all 23.04% · promoters 0.00% · institutions 87.64% · other public 38.73%
- To approve the appointment of Mr. Pramod Narayan Karlekar (DIN: 01776461) as a Non-Executive Director Non-Independent Director of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.48% · promoters 100.00% · institutions 87.64% · other public 38.73%
- Re-appointment of Mrs. Chetna as Independent DirectorSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 73.49% · promoters 100.00% · institutions 87.64% · other public 38.73%
- Remuneration to Directors exceeding the overall managerial remuneration limit as per the provisions of Section 197 of the Companies Act 2013SpecialPromoters have an interest in it99.07% for0.94% against
Against: promoters 0.00% · institutions 2.95% · other public 0.07%
Turnout: all 23.05% · promoters 0.00% · institutions 87.64% · other public 38.75%
Remuneration in excess of limits prescribed under regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended to Mr. Vimal Kumar (DIN: 01260082), Managing Director of the CompanyMoreLess
SpecialPromoters have an interest in it99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 23.04% · promoters 0.00% · institutions 87.64% · other public 38.73%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2024, 15 resolutions
Present: 3 promoters and 53 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- To declare final dividend on Equity for the Financial Year ended 31st March, 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- To appoint a Director in place of Mr. Vimal Kumar (DIN: 01260082), Director, who retires by rotation and being eligible, offers himself for reappointment.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 23.10% · promoters 0.00% · institutions 93.11% · other public 32.46%
- Re-appointment of Mr. Braj Kishore Prasad as Independent Director.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- Re-appointment of Mrs. Isha Luthra (DIN: 07283137) as Whole-Time Director nSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- Payment of remuneration to Mr. Shuvendu Kumar Satpathy (DIN: 07552741), as Non-Executive Non-Independent Director of the CompanynSpecial99.78% for0.22% against
Against: promoters 0.00% · institutions 0.76% · other public 0.67%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- Remuneration to Directors exceeding the overall managerial remuneration limit as per the provisions of Section 197 of the Companies Act 2013nSpecial99.78% for0.22% against
Against: promoters 0.00% · institutions 0.76% · other public 0.67%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
Remuneration in excess of limits prescribed under regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended to Mr. Vimal Kumar (DIN: 01260082), Managing Director of the CompanyMoreLess
SpecialPromoters have an interest in it99.29% for0.71% againstAgainst: promoters 0.00% · institutions 0.76% · other public 0.67%
Turnout: all 23.10% · promoters 0.00% · institutions 93.11% · other public 32.46%
- Approval for Material Related Party Transaction(s) with Best Crop Science Private LimitedOrdinaryPromoters have an interest in it99.74% for0.26% against
Against: promoters 0.00% · institutions 0.00% · other public 0.49%
Turnout: all 23.10% · promoters 0.00% · institutions 93.11% · other public 32.46%
- Approval for Material Related Party Transaction(s) with Seedlings India Private LimitednOrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 23.10% · promoters 0.00% · institutions 93.11% · other public 32.46%
- To approve Alteration of Articles of Association of the CompanynSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- Approval of ‘Best Agrolife Employee Stock Option Scheme 2024’ (“ESOS 2024”/ “Scheme”)nSpecial96.97% for3.03% against
Against: promoters 0.00% · institutions 20.72% · other public 0.21%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
Approval of grant of employee stock options to the eligible employees of the group companies including subsidiary company(ies) of the Company under ‘Best Agrolife Employee Stock Option Scheme 2024’ (“ESOS 2024” / “Scheme”)MoreLess
Special96.97% for3.03% againstAgainst: promoters 0.00% · institutions 20.72% · other public 0.21%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
- Issue of upto 171875 warrants convertible into equity shares to the persons belonging to promoter, on a preferential basis.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 23.10% · promoters 0.00% · institutions 93.11% · other public 32.46%
- Issue of upto 2953125 warrants convertible into equity shares to the persons belonging to non-promoter category, on a preferential basisnSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 73.20% · promoters 100.00% · institutions 93.11% · other public 32.46%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 29 Dec 2025, 1 fund house
- To Consider and approve the Sub-Division / Split of Equity Shares and consequential alteration of Capital Clause of Memorandum of Association of the Company1 for0 against
- To issue Bonus Shares1 for0 against
Mutual fund votes, meeting of 30 Sep 2025, 1 fund house
To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
1 for0 against- To declare final dividend on Equity for the Financial Year ended 31st March, 2025.1 for0 against
- To appoint a Director in place of Mrs. Isha Luthra (DIN: 07283137), Director, who retires by rotation and being eligible, offers himself for reappointment.1 for0 against
- To consider and re-appoint M/s. Walker Chandiok & Co LLP, Chartered Accountants as the Statutory Auditors of the Company1 for0 against
- Appointment of Secretarial Auditors of the Company1 for0 against
- Re-appointment of Mr. Vimal Kumar (DIN: 01260082) as Managing Director1 for0 against
- To approve the appointment of Mr. Surendra Sai Nallamalli (DIN: 08837064) as a Whole-Time Director of the Company1 for0 against
- To approve the appointment of Mr. Pramod Narayan Karlekar (DIN: 01776461) as a Non-Executive Director Non-Independent Director of the Company1 for0 against
- Re-appointment of Mrs. Chetna as Independent Director1 for0 against
- Remuneration to Directors exceeding the overall managerial remuneration limit as per the provisions of Section 197 of the Companies Act 20131 for0 against
Remuneration in excess of limits prescribed under regulation 17(6)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended to Mr. Vimal Kumar (DIN: 01260082), Managing Director of the CompanyMoreLess
1 for0 against
1 earlier meeting
Mutual fund votes, meeting of 27 Sep 2023, 1 fund house
1. To receive, consider and adopt the Audited Financial Statements (including Audited Consolidated Financial Statements) of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon. 2. To declare dividend on equity shares for the Financial Year ended March 31, 2023. 3. To appoint a director in place of Mr. Shuvendu Kumar Satpathy (DIN: 07552741), who retires by rotation and being eligible, offers himself for re-appointment. 4. Increase in Authorized Share Capital of the Company and Alteration of Capital Clause of Memorandum of Association of the Company. 5. Alteration of the Object Clause of the Memorandum of Association of the Company. 6. Regularization of Additional Director Mr. Balavenkatarama Prasad Suryadevara (DIN: 02699949) as a Whole-Time Director of the Company 7. To approve remuneration payable to Non-Executive Directors 8. Approval for Material Related Party Transaction(s) with Best Crop Science Private Limited. 9. Approval for Material Related Party Transaction(s) with Seedlings India Private LimitedMoreLess
1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED | 150.00 | Capital Expenditure | 50.00 | 0.00 | No | Audit committee: This statement as on June 30, 2026 was reviewed and approved by the Audit Committee at its meeting held on July 30, 2026. |
| Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED | 150.00 | The Board in its meeting held on June 27, 2026 took note of the lapse of warrants and approved the forfeiture of the initial amount of ₹37.50 crore received by the Company. This leads to revision in the allocation of the issue proceeds and the same are no longer available for utilization | 37.50 | 37.50 | No | Audit committee: This statement as on June 30, 2026 was reviewed and approved by the Audit Committee at its meeting held on July 30, 2026. |
| Preferential IssuesDec 2024, checked by CRISIL RATINGS LIMITED | 150.00 | General Corporate Purpose | 10.00 | 0.00 | No | Audit committee: This statement as on June 30, 2026 was reviewed and approved by the Audit Committee at its meeting held on July 30, 2026. |