Meeting Details

The 24th Annual General Meeting (AGM) of Advance Agrolife Limited was held on Friday, September 18, 2026, at 03:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI. The deemed venue was the Registered Office of the Company at E-39, RIICO INDUSTRIAL AREA EXT. BAGRU, JAIPUR, Rajasthan, India, 303007.

Voting Process

The Company provided remote e-voting facility through KFintech portal, which commenced on Monday, September 14, 2026, at 09:00 a.m. (IST) and ended on Thursday, September 17, 2026, at 5:00 p.m. (IST). Additional e-voting facility was provided during the AGM for members who had not cast their vote through remote e-voting. Shri Vivek Sharma, Practicing Company Secretary (Membership No. 10663), Partner of MSV & Associates, was appointed as Scrutiniser to oversee the voting process.

Resolutions Passed

The following eight resolutions were approved by shareholders:

Ordinary Business:

  • Item 1: Adoption of Audited Standalone Financial Statements for financial year ended March 31, 2026, and reports of Board of Directors and Auditors (Ordinary Resolution)
  • Item 2: Re-appointment of Shri Kedar Choudhary (DIN: 06905752) who retires by rotation (Ordinary Resolution)

Special Business:

  • Item 3: Ratification of remuneration of Cost Auditors for financial year ending March 31, 2027 (Ordinary Resolution)
  • Item 4: Approval of Material Related Party Transactions of the Company (Ordinary Resolution)
  • Item 5: Appointment of Mr. Brij Mohan Sharma (DIN: 09646943) as Independent Director for 5 years effective August 06, 2026 (Special Resolution)
  • Item 6: Change in designation of Mr. Narendra Choudhary (DIN: 10410584) from Director (Executive) to Whole-time Director (Special Resolution)
  • Item 7: Revision in ceiling limit of remuneration payable and certain terms and conditions of appointment of Mr. Om Prakash Choudhary (DIN: 01004122), Chairman & Managing Director (Special Resolution)
  • Item 8: Revision in ceiling limit of remuneration payable and certain terms and conditions of appointment of Mr. Kedar Choudhary (DIN: 06905752), Whole-time Director (Special Resolution)

Director Appointments

Mr. Brij Mohan Sharma (DIN: 09646943)

  • Appointed as Non-Executive Independent Director effective August 06, 2026
  • Term: 5 consecutive years
  • Qualifications: B.Com, M.Com, Certified Associate of Indian Institute of Bankers (CAIIB)
  • Experience: 40 years in banking and financial services sector, former Executive Director at Punjab National Bank
  • Current directorships: Independent Director at TT Limited and Laxmi Financial Services India Limited (since September 2024)
  • Not debarred from holding director office by SEBI or any other authority
  • No inter-se relationships with other directors

Mr. Narendra Choudhary (DIN: 10410584)

  • Redesignated from Director (Executive) to Whole-time Director effective August 06, 2026
  • Term: 5 years
  • Associated with company since October 1, 2020, and as director since November 30, 2023
  • Qualifications: B.Com and M.Com from University of Rajasthan
  • Experience: 6 years total (3 years in accounting, 3 years in operations management)
  • Responsibilities include manufacturing strategies, financial management, team supervision, and compliance
  • No inter-se relationships with other directors
  • Not debarred from holding director office

Meeting Proceedings

Shri Om Prakash Choudhary, Chairman & Managing Director, chaired the meeting. All directors attended, including chairs of Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. Mr. Om Prakash Choudhary addressed shareholders, and Mr. Kedar Choudhary provided an overview of the Company's performance, key achievements, recognitions during FY 2025-26, and future outlook. The Company Secretary confirmed that statutory and secretarial auditors reported no qualification remarks in their respective reports. Members asked questions through VC/OAVM, which were responded to by Mr. Om Prakash Choudhary. The meeting concluded at 04:03 P.M.