AGM Details
The 42nd AGM is scheduled to be held on Wednesday, 30th September 2026 at 01:00 PM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice and annual report are available on the company website https://www.asgardalcobev.com.
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statement for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors.
2. Director Reappointment: To appoint Mr. Swaminathan Muralidharan (DIN: 11499464), who retires by rotation and offers himself for reappointment.
3. Statutory Auditor Appointment: To appoint M/s. ADV & Associates (FRN: 128045W), Chartered Accountants, as Statutory Auditors for a term of five consecutive years from conclusion of 42nd AGM till conclusion of 47th AGM. The statutory audit fee for FY 2026-27 is set at ₹11,00,000 per annum plus applicable taxes and expenses. Limited review fee is ₹1,00,000 per quarter plus applicable taxes.
Special Business
4. Secretarial Auditor Appointment: To appoint Mrs. Kalpana Srinivasan, Practising Company Secretary (Peer Review Certificate No. 2310/2022), as Secretarial Auditor for five consecutive financial years from FY 2026-27 to 2030-31.
5. Executive Director Remuneration - Binit Singhania: Special resolution to approve remuneration of ₹2,00,000 per month (inclusive of all allowances) for Mr. Binit Singhania, Executive Director and Chief Financial Officer, effective from 01 April 2026. The annual remuneration amounts to ₹24,00,000. The company reported FY 2025-26 profit before tax of ₹73.84 lakhs, but after excluding exceptional income of ₹101.88 lakhs (profit from sale of subsidiary), the indicative profit under Section 198 is a loss of ₹28.04 lakhs.
6. Executive Director Remuneration - Swaminathan Muralidharan: Special resolution to approve remuneration of up to ₹25,000 per month for Mr. Swaminathan Muralidharan, Executive Director, plus reimbursement of business expenses. No sitting fees for board meetings.
7. ICD Conversion Approval: Special resolution to approve investment of up to ₹21,00,00,000 in equity shares of subsidiary CMJ Breweries Private Limited through conversion of outstanding Inter-Corporate Deposit (ICD). The total outstanding ICD is ₹21,01,20,000, of which ₹21,00,00,000 will be converted to equity, leaving ₹1,20,000 outstanding. No fresh cash outflow will occur.
Voting and Meeting Procedures
The AGM will be conducted virtually in compliance with MCA Circulars and SEBI Circulars. The cut-off date for determining voting eligibility is Thursday, 24th September 2026. Remote e-voting begins on Sunday, 27th September 2026 at 9:00 AM and ends on Tuesday, 29th September 2026 at 5:00 PM. CDSL is the e-voting agency, and M/s. Krishna Rathi & Associates is appointed as Scrutinizer.
Financial Context
For FY 2025-26, the company reported total revenue of ₹31.05 lakhs (previous year: ₹0), profit before tax of ₹73.84 lakhs (after exceptional income), and net profit after tax of ₹56.34 lakhs (previous year loss of ₹15.58 lakhs). The company has shifted its business from paper industries to beverage industries.