Meeting Details

The 40th Annual General Meeting will be held on Thursday, 25th June 2026 at 11:00 a.m. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) without physical presence of members. The deemed venue is the Registered Office at C-403/404, 4th Level, Wing C, Tower-1, Seawoods Grand Central, Sector 40, Navi Mumbai – 400 706.

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 with Reports of Board of Directors and Auditors.

2. To declare a final dividend on equity shares for FY2025-26.

3. To appoint Mr. Amit Choksey (DIN: 00001470) who retires by rotation and offers himself for reappointment.

Special Business:

4. Re-Appointment of Mr. Ravishankar Sharma as Executive Director: Special resolution to reappoint him for 2 years from 1st May 2026 to 30th April 2028 with annual remuneration of ₹151.61 lakhs (including variable pay). His current remuneration is ₹118.86 lakhs p.a. The appointment is subject to Central Government approval if required.

5. Continuation of Mr. Atul Choksey as Non-Executive Director: Special resolution to continue his directorship post attaining 75 years of age on 17th October 2026, as required under SEBI LODR Regulation 17(1A).

6. Approval of remuneration to Single Non-Executive Director: Special resolution to pay commission of ₹135 lakhs to Mr. Atul Choksey out of total commission of ₹195 lakhs for Non-Executive Directors.

7. Ratification of Cost Auditors' remuneration: Ordinary resolution to ratify remuneration of ₹65,000 plus applicable taxes and expenses to M/s V J Talati & Co. for conducting cost audit for FY2026-27.

Voting Process and Methods

The remote e-voting period begins on Monday, 22nd June 2026 at 09:00 A.M. and ends on Wednesday, 24th June 2026 at 05:00 P.M. through NSDL e-Voting system. Members can vote electronically using their demat account credentials or folio numbers. The cut-off date for determining voting rights is Thursday, 18th June 2026. Members may also vote during the AGM through e-voting if they haven't voted remotely.

Key Voting Outcomes

Voting results along with the Scrutinizer's Report will be placed on the company website (www.apcotex.com) and NSDL website (www.evoting.nsdl.com) after declaration and immediately forwarded to BSE and NSE.

Scrutinizer's Role

The document mentions that results will be declared along with the Report of the Scrutinizer, but does not specify the scrutinizer's name or appointment details.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI Circulars dated May 12, 2020, January 15, 2021, May 13, 2022, January 5, 2023 and October 3, 2024
  • MCA Circulars including General Circular No. 09/2024 dated September 19, 2024 and 03/2025 dated September 22, 2025
  • Companies Act, 2013 provisions
  • SEBI LODR Regulations, 2015

Additional Information

  • The dividend if declared will be paid to shareholders registered as on 12th June 2026
  • Members holding physical shares must provide PAN, contact details, bank account details and specimen signature to RTA
  • The company has transferred unclaimed dividend up to FY2017-18 to IEPF
  • Members can inspect relevant documents electronically from notice date until AGM date by emailing redressal@apcotex.com
  • Participation in VC/OAVM meeting is limited to 1000 members on first-come-first-serve basis, except members holding 2% or more shares