Meeting Details

  • Date: Wednesday, 30th September 2026
  • Time: Commenced at 12:30 P.M. and concluded at 01:30 P.M.
  • Location: Hotel Rasa Royal, situated at 93-B, WB Scheme No. 94, Near Bombay Hospital, Vijay Nagar, Indore
  • Type: 24th Annual General Meeting

Attendees

Directors and KMPs Present:

  • Mr. Vishnu Kant Gupta - Whole-Time Director and CFO and Chairperson
  • Mr. Abhishek Kalekar - Non-Executive Director
  • Mrs. Sakina Dharwala - Independent Director
  • Mr. Mahesh Kumar Agarwal - Independent Director
  • Ms. Maya Vishwakarma - Independent Director
  • Ms. Reena Saluja - Company Secretary and Compliance Officer

Other Invitees Present:

  • Mr. Ashok Khasgiwala - Statutory Auditor
  • Mr. Avinash Baxi - Secretarial Auditor
  • Mr. Harendra Thakur - Internal Auditor and Cost Auditor
  • Mr. Sudeep Saxena - Cost Auditor

Members Present: 30 members were personally present at the meeting

Voting Process

  • Remote e-voting facility was provided through National Securities Depository Limited (NSDL) to members whose names appeared in the Register of Members or as beneficial owners as of the cut-off date of 23rd September 2026
  • Physical voting through ballot paper was provided at the AGM venue for members who had not exercised their votes through remote e-voting
  • Mr. Neelesh Gupta, Practicing Company Secretary, served as Scrutinizer to conduct the voting process and submit results of e-voting along with physical voting
  • Voting results and scrutinizer's report will be intimated separately in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015

Business Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements (Standalone and Consolidated) of the company comprising Balance Sheet, Statement of Profit and Loss Account, Cash Flow Statements for the year ended 31st March, 2026 together with the Report of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. To appoint Mr. Abhishek Kalekar (DIN: 07758751) who retires by rotation and, being eligible offers himself for re-appointment (Ordinary Resolution)

Special Business:

3. To consider and appoint Mrs. Sakina Dharwala (DIN: 11818621) as an Independent Director of company (Special Resolution)

4. To consider and appoint Mr. Chandresh Kumar Gupta (DIN: 09042779) as an Independent Director of company (Special Resolution)

5. To consider and approve the material related party transaction limits with APIndia Biotech Private Limited (Special Resolution)

6. To ratify the material related party transaction limits with Shri Tulsi Phosphate Limited entered in FY 2024-2025 (Ordinary Resolution)

7. To consider and approve the material related party transaction limits with Shri Tulsi Phosphate Limited (Ordinary Resolution)

8. To consider and approve material related party transaction limits with Bharat Phosphates & Chemicals Private Limited (Special Resolution)

9. To ratify and approve payment of remuneration to cost auditors M/s. Sudeep Saxena & Associates, Cost Accountants at Rs. 1,20,000/- Plus GST Plus reimbursement of out-of-pocket expenses to conduct audit of Cost Records of company for the financial year ending March 31, 2027 (Ordinary Resolution)

Meeting Proceedings

  • The meeting commenced with a welcome address by Ms. Reena Saluja, Company Secretary & Compliance Officer
  • Mr. Vishnu Kant Gupta was elected as Chairperson of the meeting
  • The Chairperson delivered opening remarks on the macro-economic environment, key developments in the fertiliser industry, company performance during FY 2025-26, and business growth plans
  • The Finance Consultant briefed members on financial performance, credit rating, expansion plans, internal controls, regulatory compliance, market conditions, vendor contracts, cost optimization, and future outlook
  • Mr. Mahesh Kumar Agrawal, Independent Director, addressed members and shared views on prevailing market scenario in agriculture and fertiliser industry
  • Statutory Registers and other documents required to be kept open for inspection under Companies Act, 2013 were made available electronically for inspection during the AGM
  • The Notice convening the 24th AGM and Annual Report for FY 2025-26 were taken as read
  • Reports of Statutory Auditors and Secretarial Auditor were taken as read
  • All business items were transacted by members, and the Scrutinizer took custody of the ballot box
  • The meeting concluded with a vote of thanks by one of the members present

Compliance Confirmation

The disclosure confirms compliance with:

  • Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the Listing Regulations
  • Applicable provisions of the Companies Act, 2013