AGM Details

The 15th Annual General Meeting will be held on Tuesday, 8th September 2026 at 10:30 AM (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Ordinary Business Items

1. Adoption of Financial Statements

  • To receive, consider and adopt Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors
  • To receive, consider and adopt Audited Consolidated Financial Statements for FY ended March 31, 2026 with Reports of Auditors

2. Appointment of Mrs. Ameeta Ranade (DIN: 00006019)

  • Re-appointment as director liable to retire by rotation
  • Ordinary Resolution required

3. Appointment of Statutory Auditors

  • Appointment of M/s GSA & Associates LLP, Chartered Accountants (Firm Registration No. 000257N/N500339)
  • Term: Five years from conclusion of 15th AGM till conclusion of 20th AGM in 2031
  • Remuneration to be decided by Board of Directors
  • Ordinary Resolution required

Special Business Items

4. Appointment of Mrs. Ameeta Ranade as Non-Executive Director

  • Re-appointment for further period of 5 years effective from 14th August 2026
  • Special Resolution required
  • Profile: 71 years old, Master in English Honors from Lady Shriram College, Delhi
  • Experience: Over 35 years in electrical and engineering industry at Management Level
  • Initial appointment date: 13-08-2021
  • Shareholding: 19,46,392 equity shares
  • Relationship: Spouse of Late Mr. Pranav Kumar Ranade (Ex-Promoter), mother of Mr. Prashant Ranade (MD)
  • Board meetings attended in FY25-26: 4 out of 4

5. Approval for Loans/Guarantees under Section 185

  • Special Resolution to approve giving loans/advances/guarantees/security to subsidiaries/associates/JVs/group entities
  • Aggregate amount not exceeding ₹6 crore (Rupees Six Crore Only)
  • Funds to be utilized only for principal business activities

6. Approval for Investments/Loans exceeding Section 186 limits

  • Special Resolution to approve making investments, giving loans, guarantees, and security
  • Aggregate amount not exceeding ₹6 crores (Rupees Six Crores Only)
  • May exceed limits prescribed under Section 186 of Companies Act, 2013

7. Approval for Material Related Party Transactions

  • Ordinary Resolution to approve transactions with Industrial Solutions Corporation LLP
  • Aggregate value not exceeding ₹9.5 crores during FY 2026-27 and 2027-28
  • Transaction breakdown:
  • Lease hold Advance: ₹6.00 crores
  • Trademark usage payment: ₹0.50 crores
  • Rendering/Availing of EPC Services: ₹2.50 crores
  • Reimbursement/recovery of expenses: ₹0.50 crores

Related Party Details:

  • Industrial Solutions Corporation LLP is a Limited Liability Partnership
  • Mr. Prashant Ranade (MD) is Designated Partner holding 50% share of profits
  • Mrs. Natasha Tara Ranade (Director) holds remaining 50% capital contribution
  • FY25 Financials of Industrial Solutions Corporation LLP:
  • Turnover: ₹69.31 lakhs
  • Profit after Tax: ₹23.00 lakhs
  • Net Worth: ₹24.47 lakhs

8. Increase in Remuneration of Managing Director

  • Special Resolution to revise remuneration of Mr. Prashant Ranade (DIN: 00006024)
  • Effective from 1st May 2026 for remainder of his tenure
  • Proposed remuneration structure:
  • Salary: ₹3,12,500 per month
  • Housing: Company owned/hired/leased accommodation or HRA @ 50% of basic salary
  • Special Allowance: ₹1,54,450 per month
  • Other allowances/benefits as per company rules
  • Employee's Contribution to Provident Fund: ₹1,800 per month

Mr. Prashant Ranade Profile:

  • Current remuneration (FY25-26): ₹55,32,000 annually
  • Shareholding: 13,12,158 equity shares (8.17% as on 31.03.2026)
  • Experience: Over 25 years in company operations
  • Relationship: Son of Late Mr. P K Ranade and Mrs. Ameeta Ranade, spouse of Mrs. Natasha Tara Ranade

Financial Performance Context

Standalone Basis (₹ lakhs):

  • FY 2023-24: Total Income 2251.37, Profit after Tax (176.47)
  • FY 2024-25: Total Income 1668.45, Profit after Tax (936.76)
  • FY 2025-26: Total Income 1993.05, Profit after Tax (1021.78)

Consolidated Basis (₹ lakhs):

  • FY 2023-24: Total Income 2398.92, Profit after Tax (201.22)
  • FY 2024-25: Total Income 1809.34, Profit after Tax (930.18)
  • FY 2025-26: Total Income 1993.07, Profit after Tax (1007.16)

Voting Arrangements

  • Remote e-voting period: 5th September 2026 (9:00 am) to 7th September 2026 (5:00 pm)
  • Record date: 1st September 2026
  • NSDL appointed as e-voting agency
  • Physical copy of documents available on request at corporate@pkrgroup.in