Meeting Details

  • Date: Friday, September 18, 2026
  • Time: 3:00 P.M.
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered Office at 1/F Laxmi Industrial Estate, New Link Road, Andheri(West), Mumbai - 400053

Summary of Proposed Resolutions

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Balance Sheet as of March 31, 2026, and the Statement of Profit and Loss for the year ended thereon, together with Directors' Report and Auditors' Report.

2. Declaration of Dividend: To declare dividend on equity shares for the year ended March 31, 2026.

3. Re-appointment of Director: To appoint Mrs. Jigisha S Patel (DIN not provided), who retires by rotation and offers herself for re-appointment.

4. Appointment of Statutory Auditors: To appoint KNAV & Co. LLP, Chartered Accountants (Firm Registration No. 120458W/W100679), as statutory auditors for a term of 5 years from the conclusion of this AGM until the conclusion of the 39th AGM, at remuneration to be approved by the Audit Committee/Board.

Special Business

5. Ratification of Cost Auditor Remuneration: To ratify remuneration of ₹80,000 (excluding applicable tax) payable to Mr. Dilip M Bathija, Cost Accountants, for conducting cost audit for FY2026-27.

6. Revision in Remuneration of Mr. Shilpan P Patel: To approve revision in remuneration of Mr. Shilpan P Patel (DIN: 00341068), Chairman and Managing Director, from ₹9,00,000 per month to ₹11,70,000 per month effective July 1, 2026, for the remaining tenure. Other perquisites include chauffeur-driven car, PF, gratuity, and leave encashment.

7. Revision in Remuneration of Mr. Neil S Patel: To approve revision in remuneration of Mr. Neil S Patel (DIN: 00607101), Jt. Managing Director, from ₹9,00,000 per month to ₹11,70,000 per month effective July 1, 2026, for the remaining tenure. Other perquisites include chauffeur-driven car, PF, gratuity, and leave encashment.

8. Approval of Material Related Party Transaction: To approve transactions with Advance Business Solutions (ABS) for sale/purchase/supply of goods, materials, services, or leasing of property up to an estimated annual value of ₹70 Crore (excluding taxes) from the 34th AGM until the 35th AGM in 2027. ABS is a related party where Mrs. Jigisha Patel (wife of Mr. Shilpan Patel), Mr. Rishil Patel (son of Mr. Shilpan Patel), and Mrs. Manisha Sindhi (wife of Mr. Neil Patel) are partners, each holding 33.33%/33.34% profit share.

Voting Process and Methods

  • Remote e-Voting: Provided by National Securities Depository Limited (NSDL). Commences on Tuesday, September 15, 2026, at 9:00 A.M. and ends on Thursday, September 17, 2026, at 5:00 P.M.
  • Cut-off Date: September 11, 2026, for determining eligibility to vote.
  • e-Voting on AGM Day: Members present via VC/OAVM who have not voted remotely can vote during the meeting.
  • Scrutinizer: The scrutinizer will count votes cast during the AGM first, then unblock remote e-votes, and prepare a consolidated report within 48 hours of the AGM conclusion. Results will be posted on the company website and NSDL within two days.

Shareholder Participation and Eligibility

  • VC/OAVM Attendance: Members can join 15 minutes before and after the meeting start time. Facility available for 1000 members on a first-come, first-served basis, excluding large shareholders (2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.
  • Quorum: Attendance via VC/OAVM counts for quorum under Section 103 of the Companies Act, 2013.
  • Proxy Facility: Not available for this AGM due to virtual mode.
  • Institutional Members: Required to send scanned copies of board resolutions authorizing representatives to attend and vote via email to poonam@arrowgreentech.com.

Compliance with Laws and Regulations

  • The meeting is conducted in compliance with MCA General Circulars (including No. 14/2020, 17/2020, 20/2020, and latest No. 09/2024) and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024.
  • The notice and annual report are being sent electronically to members with registered email addresses. Physical copies are not being sent.
  • The company complies with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Secretarial Standard SS-2, and Regulation 44 of SEBI LODR Regulations 2015.

Additional Financial and Procedural Information

  • Register of Members Closure: From Wednesday, September 16, 2026, to Friday, September 18, 2026 (both inclusive) for dividend distribution and AGM.
  • Unclaimed Dividend: Unclaimed final dividend for FY2018-19 is due for deposit to IEPF on October 13, 2026. Shareholders with unclaimed dividends for FY2018-19 and FY2022-25 (interim/final) can approach the company for revalidation.
  • Dematerialization Mandatory: SEBI circular mandates dematerialization for share transfers effective April 1, 2019, except for transmission/transposition.
  • Folio Consolidation and PAN Submission: Members are urged to consolidate multiple folios and submit PAN details to DP/RTA.

Director Details for Re-appointment and Remuneration Revision

  • Mrs. Jigisha Patel: Aged 69, B.A., holds 16,97,205 shares as of March 31, 2026. Also director in Arrow Business Advisory Pvt Ltd., LQ Arrow Security Products (India) Pvt. Ltd., and Advance Iris Seprinto Private Limited.
  • Mr. Shilpan P Patel: Aged 70, MBA, holds 52,39,557 shares as of March 31, 2026. Inventor with patents in water-soluble films. Also director in multiple companies including Arrow Business Advisory Pvt Ltd. and Grace Paper Industries Pvt. Ltd.
  • Mr. Neil S Patel: Aged 40, M.Sc. (Biomedical Science), holds 4,10,272 shares as of March 31, 2026. Associated with the company since 2009. Also director in Avery Bio-Degradable Products Private Limited and others.

Explanatory Statements

  • Item 4 (Auditor Appointment): Haribhakti & Co. LLP completes their second term. KNAV & Co. LLP, with 26+ years of experience, clean peer review report, and Level IV firm rating, is recommended. Proposed remuneration for FY2027 audit is ₹23.50 lakh plus taxes and expenses.
  • Item 5 (Cost Auditor): Mr. Dilip M Bathija appointed at ₹80,000 excluding tax for FY2026-27 cost audit.
  • Items 6 & 7 (Remuneration Revision): Revisions are within Schedule V limits of the Companies Act, 2013 (up to 10% of net profit to all executive directors). Remuneration includes salary and perquisites; in case of loss, commission on profits is not payable.
  • Item 8 (RPT): Transactions with ABS are at arm's length and in the ordinary course of business. Previous year purchase was ₹41.7 Crores in FY2025-26 and ₹32.2 Crores in current FY up to the latest quarter. Transaction value is 33% of the company's annual consolidated turnover and 166% of ABS's annual turnover (provisional FY2025-26 turnover of ABS: ₹42.8 Crores, PAT: ₹8.1 Crores, Networth: ₹5.2 Crores).