Event Overview
The 12th Annual General Meeting (AGM) of Avadh Sugar & Energy Limited was held on Tuesday, 28th July, 2026 at 11:00 a.m. (IST) through two-way Video Conference (VC)/Other Audio-Visual Means (OAVM) without physical presence of members. The meeting was conducted using Zoom platform provided by NSDL and in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).
Meeting Leadership and Attendance
The meeting was chaired by Mr. Chandra Shekhar Nopany, Co-Chairperson & Managing Director of the Company. Also present were Directors, Chief Financial Officer, and Company Secretary of the Company. Representatives from statutory auditors M/s. S R Batliboi & Co. LLP (Mr. Sanjay Agarwal and Ms. Bhawna Sharma), secretarial auditors M/s. Vinod Kothari & Co. (Mr. Sourish Kundu), and scrutinizer Mr. Mohan Ram Goenka (FCS 4515, CP No 2551) attended the meeting.
Total attendance: 72 members.
Business Transacted
All items of business contained in the AGM Notice dated 10th June, 2026 were transacted and passed by members with requisite majority:
Ordinary Business:
1. Consideration and adoption of Audited Financial Statements for year ended 31st March, 2026 and Reports of Directors' and Auditors' thereon - Ordinary Resolution
2. Declaration of Dividend on 2,00,18,420 Equity Shares of ₹10 each @ ₹10 (100%) per Equity Share for financial year 2025-26 - Ordinary Resolution
3. Re-appointment of Mr. Sukhvir Singh (DIN-06645482) who retires by rotation as Director liable to retire by rotation - Ordinary Resolution
Special Business:
4. Ratification of remuneration payable to Mr. Somnath Mukherjee, Cost Auditor for financial year 2026-27 - Ordinary Resolution
5. Appointment of Mr. Amit Dalal (DIN-00297603) as Independent Director for 5 years with effect from 12th May, 2026 till 11th May, 2031 - Special Resolution
6. Appointment of Mr. Rahul Chhabra (DIN-10041446) as Independent Director for 5 years with effect from 15th June, 2026 till 14th June, 2031 - Special Resolution
Voting Process
The company provided e-voting facility to members in compliance with Companies Act, 2013, SEBI Listing Regulations, and Secretarial Standards. The remote e-voting period commenced on Friday, 24th July, 2026 at 9:00 AM (IST) and ended on Monday, 27th July, 2026 at 5:00 PM (IST). Additional e-voting facility was available during the AGM for members who had not voted remotely.
Other Proceedings
The Chairman presented a speech apprising members about the company's performance during FY ended 31st March, 2026 and future outlook. The audited financial statements, auditors' reports, and board's report were taken as read since they had been circulated in advance. There were no qualifications, observations, or adverse remarks in the auditors' report.
Members who registered as Speaker Shareholders were given opportunity to ask questions and seek clarifications, which were appropriately responded to by the Chairman.
Meeting Conclusion and Next Steps
The AGM concluded at 12:00 Noon (IST) including 15 minutes of e-voting. The consolidated results of remote e-voting and e-voting at AGM together with scrutinizer's report will be published on company's website and uploaded on websites of NSDL, NSE, and BSE, and on notice board at registered office within 2 working days of AGM conclusion.