Event Overview

Notice of the 35th Annual General Meeting (AGM) to be held on Wednesday, September 16, 2026 at 03:00 P.M. (IST) through Video Conference (VC) / Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the registered office of the Company at Survey No 39, Village Mundhegaon, Tal. Igatpuri, Nashik - 422403, Maharashtra.

AGM Agenda Items

Ordinary Business

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

2. To appoint a director in place of Mr. Ajit Mundle, (DIN: 01745577), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business

3. APPROVAL OF REMUNERATION OF MR. AJIT MUNDLE (DIN: 01745577) CHAIRMAN & MANAGING DIRECTOR

  • Special resolution seeking approval for payment of remuneration up to ₹1.5 Crore per annum for the remaining period of his tenure
  • Basic Salary: Up to ₹84,00,000 per annum subject to revision every year by increment not exceeding 10%
  • Perquisites include housing, provident fund, superannuation, gratuity, insurance, mediclaim, leave (up to 30 days with encashment), car with driver, telephone reimbursement, and business expense reimbursement
  • Total remuneration shall not exceed ₹1.5 Crore (inclusive of all components)
  • Approval sought even in case of no profits or inadequate profits as per Schedule V of Companies Act, 2013

4. APPROVAL OF REMUNERATION OF MRS. JYOTI MUNDLE (DIN: 01744211), WHOLE TIME DIRECTOR

  • Special resolution seeking approval for payment of remuneration up to ₹1.5 Crore per annum for the remaining period of her tenure
  • Basic Salary: Up to ₹84,00,000 per annum subject to revision every year by increment not exceeding 10%
  • Identical perquisite structure as Mr. Ajit Mundle
  • Total remuneration shall not exceed ₹1.5 Crore (inclusive of all components)
  • Approval sought even in case of no profits or inadequate profits as per Schedule V of Companies Act, 2013

Director Details

Mr. Ajit Mundle (DIN: 01745577)

  • Age: 76 years
  • Current Position: Chairman & Managing Director
  • Qualification: Bachelor's degree in Science from Bombay University (1969)
  • Experience: Over three decades in Engineering Industry
  • Date of first Appointment: July 25, 1991
  • Shareholding: 1,88,175 Equity Shares
  • Previous Remuneration: ₹22,16,400
  • Committee Memberships: Audit Committee and Stakeholders Relationship Committee
  • Relationship: Mrs. Jyoti Mundle (Sister-in-Law)

Mrs. Jyoti Mundle (DIN: 01744211)

  • Age: 70 years (as mentioned in resolution text)
  • Current Position: Whole Time Director
  • Shareholding: 2,19,863 Equity Shares
  • Relationship: Mr. Ajit Mundle (Brother-in-Law)

Voting Arrangements

  • Record Date: Wednesday, September 09, 2026
  • Remote e-Voting Period: Saturday, September 12, 2026 (9:00 A.M.) to Tuesday, September 15, 2026 (5:00 P.M.)
  • Voting Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Jigar Kumar Gandhi, Company Secretary (Membership No. F7569)
  • Share Transfer Books Closure: Wednesday, September 09, 2026 to Tuesday, September 15, 2026 (both days inclusive)

Additional Information

  • Company involved in designing, manufacturing, erection, commissioning, trading and consultancy of chemical and process equipment
  • Date of commencement of commercial production: July 25, 1991
  • Registrar & Transfer Agent: Cameo Corporate Services Limited, Chennai