Event Overview

Anand Rayons Limited has scheduled its 8th Annual General Meeting (AGM) to be held on Thursday, September 24, 2026 at 03:00 PM through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Voting Arrangements

The company is providing e-voting facility through NSDL e-voting platform. The e-voting period starts from Monday, September 21, 2026 at 9:00 AM IST and ends on Wednesday, September 23, 2026 at 5:00 PM IST. Shareholders who haven't voted during the e-voting period can vote on the date of AGM during the meeting process on the NSDL portal.

The cut-off date for determining shareholder eligibility for voting is Wednesday, September 16, 2026. The Register of Members and Share Transfer Books will remain closed from Thursday, September 17, 2026 to Thursday, September 24, 2026 (both days inclusive).

Business to be Transacted

Ordinary Business

1. To receive, consider and adopt the Financial Statements of the company including Audited Balance Sheet as at March 31, 2026, the statement of Profit & Loss Account for the financial year ended on that date, and the Cash flow Statement together with the report of the Board of Directors & Report of Auditors thereon.

2. To re-appoint Mrs. Jigisha Chorawala (DIN: 10820203) as director who retires by rotation and being eligible, offers herself for re-appointment.

Special Business

3. Re-appointment of Mr. Anil Merchant (DIN: 09414010) as Independent Director - Special Resolution for second term of 5 consecutive years effective from December 01, 2026. Mr. Merchant was originally appointed on December 01, 2021 with term expiring November 30, 2026.

4. Re-appointment of Mr. Anand Bakshi (DIN: 01942639) as Managing Director - Ordinary Resolution for 2-year term effective from September 20, 2026. Current term ends September 19, 2026. Remuneration terms include basic salary that may exceed 9% limit specified under Section 197 and Schedule V of Companies Act in case of inadequacy or absence of profits, plus various perquisites.

5. Re-appointment of Mrs. Shilpa Anand Bakshi (DIN: 07986896) as Whole-time Director - Special Resolution for 2-year term effective from September 20, 2026. Remuneration structure similar to Managing Director with basic salary that may exceed 9% limit and equivalent perquisites.

6. Re-appointment of Mr. Pankesh Patel (DIN: 09494163) as Independent Director - Special Resolution for second term of 5 consecutive years effective from February 15, 2027. Current term expires February 14, 2027.

7. Increase in Authorized Share Capital - Ordinary Resolution to increase authorized share capital from ₹35,00,00,000 (3.5 crore equity shares of ₹10 each) to ₹45,00,00,000 (4.5 crore equity shares of ₹10 each). This requires alteration of Clause V of the Memorandum of Association.

Director Details and Remuneration

Mr. Anand Bakshi (Managing Director)

  • Date of Birth: 26/09/1974
  • Date of Appointment: 20/09/2018
  • Expertise: General Management
  • Qualifications: B.Com
  • Current Remuneration: ₹200,000 per month
  • Shareholding: 59,37,883 shares as of August 31, 2026
  • Also director of Anand Cotex Limited
  • Relationship: Husband of Mrs. Shilpa Bakshi

Mrs. Shilpa Anand Bakshi (Whole-time Director)

  • Date of Birth: 26/10/1974
  • Date of Appointment: 20/09/2018
  • Expertise: General Management
  • Qualifications: B.Com
  • Current Remuneration: ₹150,000 per month
  • Shareholding: 13,88,180 shares as of August 31, 2026
  • Also director of Anand Cotex Limited
  • Relationship: Wife of Mr. Anand Bakshi

Mrs. Jigisha Chorawala

  • Date of Birth: 24/11/1968
  • Date of Appointment: 28/10/2024
  • Expertise: Operational Management & Supervision
  • Qualifications: B.COM
  • Shareholding: 504 shares as of August 31, 2026
  • Relationship: Sister of Managing Director Mr. Anand Bakshi

Mr. Anil Merchant (Independent Director)

  • Date of Birth: 16/05/1965
  • Date of Appointment: 01/12/2021
  • Expertise: General Management & Supervision
  • Qualifications: Diploma in Computer programming
  • No remuneration sought
  • No shareholding

Mr. Pankesh Patel (Independent Director)

  • Date of Birth: 24/08/1964
  • Date of Appointment: 15/02/2022
  • Expertise: Finance & Accounts
  • Qualifications: B.Ed
  • No remuneration sought
  • No shareholding

Remuneration Details for Executive Directors

The proposed remuneration for Mr. Anand Bakshi (Managing Director) and Mrs. Shilpa Bakshi (Whole-time Director) includes:

  • Basic Salary: May exceed 9% limit specified under Section 197 and Schedule V of Companies Act in case of inadequacy or absence of profits
  • Perquisites:
  • Rent-free residential accommodation or 60% of salary as house rent allowance
  • Medical expense reimbursement including Mediclaim insurance premium
  • Car and telecommunication facilities
  • Travel expenses for leave once per year
  • Club membership fees (maximum two clubs)
  • Provident Fund, Superannuation Fund, Annuity Fund, and Gratuity contributions
  • Personal accident insurance premium up to ₹100,000 per annum
  • Leave encashment (not included in perquisite computation)
  • Entertainment and business expense reimbursement
  • No sitting fees for Board/Committee meetings
  • Incentive Remuneration: Discretionary annual payment based on performance criteria

Document Distribution

The Notice of AGM along with Annual Report 2025-26 including Audited Financial Statements for year ended March 31, 2026 will be sent only through electronic mode to members whose email addresses are registered with Registrar & Share Transfer Agents/Depositories.

Scrutinizer Appointment

Mr. Jitendrakumar Rewashankar Rawal, Practicing Company Secretary, has been appointed as scrutinizer to scrutinize the remote e-voting and e-voting process.