Avadh Sugar & Energy Limited held its 12th Annual General Meeting (AGM) on Tuesday, July 28, 2026, at 11:00 AM IST through video conference/other audio visual means without physical presence of members. The meeting was conducted in compliance with MCA Circular No. 03/2025 dated September 22, 2025, and SEBI Circular dated October 3, 2024.
All six items of business contained in the AGM notice dated June 10, 2026 were transacted and passed by members with requisite majority. The company facilitated live webcast of the proceedings.
Voting Details
- Total number of equity shareholders as of cut-off date (July 21, 2026): 22,654
- 26 promoters/promoter group members and 46 public shareholders attended through video conferencing
- Remote e-voting was conducted from July 24, 2026 (9:00 AM) to July 27, 2026 (5:00 PM)
- 114 members cast votes through remote e-voting facility, 3 members voted during the AGM
Resolution Outcomes
Resolution 1 - Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026 and Reports of Board of Directors and Auditors
- Total votes cast: 126,818,93
- Votes in favor: 126,818,86 (99.9999%)
- Votes against: 7 (0.0001%)
Resolution 2 - Ordinary Resolution: To declare dividend on Equity Shares for financial year ended March 31, 2026
- Total votes cast: 126,818,73
- Votes in favor: 126,818,66 (99.9999%)
- Votes against: 7 (0.0001%)
Resolution 3 - Ordinary Resolution: To appoint Mr. Sukhvir Singh (DIN: 06645482) as Director who retires by rotation
- Total votes cast: 126,818,93
- Votes in favor: 126,818,86 (99.9999%)
- Votes against: 7 (0.0001%)
Resolution 4 - Ordinary Resolution: Ratification of remuneration to Mr. Somnath Mukherjee, Cost Accountant, as Cost Auditor for FY2026-27
- Total votes cast: 126,818,73
- Votes in favor: 126,818,66 (99.9999%)
- Votes against: 7 (0.0001%)
Resolution 5 - Special Resolution: To appoint Mr. Amit Dalal (DIN: 00297603) as Independent Director for term of 5 years from May 12, 2026 to May 11, 2031
- Total votes cast: 126,818,73
- Votes in favor: 126,818,66 (99.9999%)
- Votes against: 7 (0.0001%)
Resolution 6 - Special Resolution: To appoint Mr. Rahul Chhabra (DIN: 10041446) as Independent Director for term of 5 years from June 15, 2026 to June 14, 2031
- Total votes cast: 126,818,93
- Votes in favor: 126,818,86 (99.9999%)
- Votes against: 7 (0.0001%)
Scrutinizer Appointment
Mr. Mohan Ram Goenka, Company Secretary in Practice (FCS No. 4515, CP No. 2551), was appointed as Scrutinizer to oversee the e-voting process conducted through National Securities Depository Limited (NSDL).
The voting results and Scrutinizer's Report are available on the company's website (www.avadhsugar.com) and on the websites of NSDL, NSE, BSE, and the notice board at the registered office.