AGM Key Details

  • Meeting Date: Wednesday, 16th September, 2026 at 03:00 P.M. (IST)
  • Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Cut-Off Date: Wednesday, 9th September, 2026
  • Book Closure Period: Thursday, 10th September, 2026 to Wednesday, 16th September, 2026 (both days inclusive)
  • Remote E-Voting Period: Sunday, 13th September, 2026 at 09:00 A.M. to Tuesday, 15th September, 2026 at 05:00 P.M. (IST)
  • Service Provider: Central Depository Services (India) Limited (CDSL) engaged for remote e-voting and VC/OAVM facility

Business Items to be Transacted

Ordinary Business

1. Adoption of audited standalone financial statements for FY ended March 31, 2026 and reports of Board of Directors and Auditors

2. Adoption of audited consolidated financial statements for FY ended March 31, 2026 and report of Auditors

3. Appointment of Mr. Rajesh Puthussery (DIN: 09270524) who retires by rotation

4. Appointment of Mr. Abdul Nazar Jamal Kizhisseri Muhammed (DIN: 06990053) who retires by rotation

Special Business

5. Re-appointment of Dr. Muhemmed Swadique (DIN: 02933064) as Executive Director for 5 years from August 14, 2026 to August 13, 2031

  • Remuneration: Salary of ₹10,000 per month with annual increment as decided by Board
  • Additional Entitlements: Reimbursement of entertainment, travelling, hotel and other business expenses
  • Minimum Remuneration: Applicable if company has no profit or inadequate profits

6. Re-appointment of Ms. Julie G Varghese (DIN: 09274826) as Independent Director for second term of 5 years from August 14, 2026 to August 13, 2031

  • Remuneration: Sitting fees only, no other remuneration

7. Re-appointment of Ms. Indu Kamala Ravindran (DIN: 09252600) as Independent Director for second term of 5 years from December 28, 2026 to December 27, 2031

  • Remuneration: Sitting fees only, no other remuneration

8. Regularization of appointment of Mr. Aboobaker Vattamkandathil (DIN: 10059868) as Non-Executive Independent Director for 5 years from August 13, 2026

  • Remuneration: Sitting fees for Board/Committee meetings and reimbursement of expenses

9. Alteration of Object Clause III(A)(1) of Memorandum of Association to expand healthcare business scope including:

  • Establishment and operation of hospitals, nursing homes, multi-speciality hospitals, diagnostic centers
  • Healthcare consultancy services including hospital planning, project feasibility, accreditation advisory
  • Medical equipment manufacturing, import/export, distribution
  • Educational institutions, medical colleges, research laboratories
  • Healthcare manpower outsourcing and support services

Board of Directors (17 members listed)

Chairman & Non-Executive Director: Dr. Adv Arikuzhiyan Samsudeen (DIN: 01812828)

Whole Time Director: Dr. Muhemmed Swadique (DIN: 02933064)

Non-Executive Directors: 10 members including Dr. Rajesh Puthussery, Dr. M.A. Safarulla

Non-Executive Independent Directors: 5 members including Ms. Julie G Varghese, Mrs. Indu Ravindran

Key Managerial Personnel

Chief Financial Officer: Mr. George Chirapparambil Chacko

Company Secretary & Compliance Officer: Mrs. Heena Kausar Mohd Amin Rangari

Professional Appointees

Statutory Auditors: M/S. Mahesh C. Solanki & Co, Chartered Accountants (FRN 006228C)

Secretarial Auditors: M/S. LAKSHMMI SUBRAMANIAN & ASSOCIATES

Internal Auditor: M/s. SVTM & Co., Chartered Accountants (Registration No.: 003629S)

Registrar & Share Transfer Agent: Purva Sharegistry (India) Private Limited

Bankers: ICICI Bank, HDFC Bank

Business Operations and Future Plans

Healthcare Sector

  • Chain of super-specialty eye hospitals
  • Optical outlets offering eyewear and vision solutions
  • Fully functioning eye hospitals at Perinthalmanna, Calicut, Kannur, Chennai
  • Expansion Plans: 44 international eye hospitals globally, new super-specialty eye hospital in Manjeri

Retail and Consumer Goods

  • Wholesale retail mobile accessory outlets
  • Departmental stores
  • Electronics retail

Consultancy & Real Estate

  • Business & financial consultancy including BSE acquisition support
  • Architecture consultancy
  • Marketing consultancy
  • Real estate development

Educational Sector

  • Professional courses in healthcare, architecture, and business
  • Authorized Educational institutions at Perinthalmanna, Calicut, Kannur, Chennai and Coimbatore
  • Future Plan: Establishment of private university focused on healthcare, business, design, and innovation

Global Operations

  • Successful businesses in Bahrain in mobile retail, electronics, supermarkets, and services
  • Bahrain as key part of global journey with more international markets opening

Shareholder Information

  • Securities can only be transferred in dematerialized form except transmission/transposition
  • Members holding physical shares advised to dematerialize with Depository Participant
  • PAN submission mandatory for all participants in securities market
  • Updated bank particulars must be registered with respective Depository Participants

Voting Procedures

  • E-voting through CDSL/NSDL systems for demat shareholders
  • Physical shareholders and non-individual shareholders to use CDSL e-voting system
  • Scrutinizer: M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries
  • Results to be placed on company website www.abateas.com and CDSL website

Financial Impact

No specific financial impact quantified in the disclosure regarding the AGM proceedings or director appointments. The remuneration for executive director is set at ₹10,000 per month with annual increments, while independent directors receive only sitting fees.

#Tags: #AbateASIndustries #AGM2026 #SEBIDisclosure #CorporateGovernance #HealthcareExpansion #Neutral