Meeting Details

The 34th Annual General Meeting will be held on Saturday, 19th September 2026 at 03:30 PM Indian Standard Time through Video Conferencing/Other Audio Visual Means. The deemed venue is the Corporate Office at Rampur, PS Maheshtala, Kolkata - 700141.

Ordinary Business Items

Item No. 1 - Adoption of Financial Statements

  • To receive, consider and adopt Audited Standalone Financial Statements for financial year ended 31st March 2026
  • To receive, consider and adopt Audited Consolidated Financial Statements for financial year ended 31st March 2026
  • Both include notes, schedules to financial statements, and Reports of Board of Directors and Auditors

Item No. 2 - Reappointment of Retiring Director

  • To appoint a director in place of Mr. Mukesh Mundhra (DIN: 00658602) who retires by rotation under Section 152(6) of Companies Act, 2013
  • Mr. Mukesh Mundhra is eligible and offers himself for re-appointment

Special Business Items

Item No. 3 - Increase in Remuneration of Mr. Suraj Ratan Mundhra, Chairman and Managing Director

  • Special resolution to approve revision in remuneration effective from April 1, 2026 for balance period of existing tenure up to 03.04.2028
  • Monthly remuneration breakdown:
  • Basic Salary: ₹140,000 per month
  • House Rent Allowance: ₹80,000 per month
  • All Other Allowances: ₹260,000 per month
  • Total: ₹480,000 per month
  • Additional benefits: Reimbursement of actual club expenses, company-provided car, telephone, mobile, laptop with expenses borne by company, gratuity, PF, leave benefits
  • In case of inadequate or no profits, this remuneration shall be paid as minimum remuneration subject to Schedule V provisions
  • Current remuneration: ₹400,000 per month (during FY2025-26)

Item No. 4 - Increase in Remuneration of Mr. Rajesh Mundhra, Whole Time Director

  • Special resolution to approve revision in remuneration effective from April 1, 2026 for balance period of existing tenure up to 10.07.2030
  • Identical remuneration structure as Item No. 3: ₹480,000 per month total
  • Same additional benefits and minimum remuneration provisions apply
  • Current remuneration: ₹400,000 per month (during FY2025-26)

Item No. 5 - Increase in Remuneration of Mr. Mukesh Mundhra, Whole Time Director

  • Special resolution to approve revision in remuneration effective from April 1, 2026 for balance period of existing tenure up to 20.06.2029
  • Identical remuneration structure as Item No. 3: ₹480,000 per month total
  • Same additional benefits and minimum remuneration provisions apply
  • Current remuneration: ₹400,000 per month (during FY2025-26)
  • Mr. Mukesh Mundhra holds 8.76% shareholding in the company

Financial Performance Context

  • FY2025-26 financial performance: Turnover of ₹276 crore and Profit after tax of ₹5.18 crore
  • Company states inadequate profits due to settlement of Customs dues, Income Tax liabilities, and Municipal Tax dues during the financial year
  • Company expects improved productivity, operational efficiency and profitability in ensuing financial years

Director Information

Mr. Mukesh Mundhra (DIN: 00658602)

  • Age: 52 years
  • Qualification: Postgraduate (University of California)
  • Date of First Appointment: January 12, 2010
  • Job Profile: Executive Director looking after business development, expansion, and new projects
  • Expertise: Over 20 years experience in Petrochemicals, Oil and Gas, and shipping industries
  • Board Meetings Attended (FY2025-26): 4 out of 4

Voting and Participation Arrangements

  • Company engaged MUFG Intime India Private Limited for remote e-voting and VC/OAVM facilities
  • Physical attendance dispensed with, no proxy facility available
  • Body corporates may appoint authorized representatives
  • Mr. Nand Kishore Sharma, Practicing Company Secretary, appointed as Scrutinizer

Additional Information

  • Explanatory statement and additional information as required under Schedule V of Companies Act, 2013 provided in annexures
  • All three directors are promoters and related to each other (father-son relationship)
  • Audit Committee approved the remuneration revisions as related party transactions
  • The resolutions authorize board to alter, vary or revise terms and conditions of remuneration as permissible