Company and Meeting Details

Board Meeting Date: 15th July, 2026 (Date of board resolutions)

AGM Schedule and Logistics

  • Meeting Date: Monday, August 10, 2026
  • Time: 11:00 AM IST
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Record Date: August 3, 2026 (for determining shareholders entitled to vote)
  • Book Closure: August 4, 2026 to August 10, 2026 (both days inclusive)
  • Remote e-Voting Period: August 7, 2026 (9:00 AM) to August 9, 2026 (5:00 PM)
  • Scrutinizer: M/s. Kamlesh M. Shah & Co., Practicing Company Secretaries
  • e-Voting Service Provider: Bigshare Services Private Limited

Ordinary Business Items

Resolution No. 1: Adoption of Financial Statements

To consider and adopt:

a) The audited standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

b) The audited consolidated financial statements for FY ended March 31, 2026, with report of Auditors

Resolution No. 2: Re-appointment of Director

To appoint Mr. Ravikumar Patel (DIN: 05340869) who retires by rotation and is eligible for re-appointment as Director liable to retire by rotation.

Resolution No. 3: Appointment of Statutory Auditors

To appoint M/s. J. M. Patel & Bros., Chartered Accountants (Firm Registration No. 107707W) as Statutory Auditors for a term of 5 financial years from FY 2026-27 to FY 2030-31.

  • Audit Fees: Not exceeding ₹2 lakhs per annum plus out-of-pocket expenses for statutory audit
  • Non-audit services fees: To be decided separately by management in consultation with auditor
  • Firm Experience: Practicing since 1976 with 48 years of experience in audit, assurance, and tax advisory

Special Business Items

Resolution No. 4: Alteration of Memorandum of Association

Special Resolution to alter Clause III(A) (Main Objects) by deleting existing Object Nos. 7, 8, and 9 and substituting with new objects to enable diversification into renewable energy sector:

  • Manufacture, production, processing, and distribution of Compressed Bio-Gas (CBG), Bio-CNG, Bio-LNG, Hydrogen, biodiesel, ethanol, and other renewable fuels
  • Establishment and operation of bio-gas plants, waste-to-energy facilities, and anaerobic digestion plants
  • Development of renewable energy infrastructure including compression stations, storage facilities, and retail fueling stations
  • Undertaking EPC contracts, project management, and technical consultancy for clean energy projects

Rationale: The company has successfully undergone restructuring under IBC 2016 and identifies significant opportunities in the growing renewable energy sector supported by Government of India policies promoting alternative fuels.

Resolution No. 5: Alteration of Articles of Association

Special Resolution to delete Article Nos. 156 and 157 relating to the Common Seal of the Company, aligning with the Companies Act, 2013 which makes maintenance of Common Seal optional.

Resolution No. 6: Appointment of Managing Director

Special Resolution to appoint Mr. Ravikumar Patel (DIN: 05340869) as Managing Director for 3 years from July 15, 2026 to July 14, 2029.

Terms of Appointment:

  • Designation Change: From Non-Executive Director to Executive Director/Managing Director
  • Remuneration: To be decided by Board as per discretion within limits prescribed under Companies Act, 2013 and Schedule V
  • Reimbursements: Actual expenses for telephone, travel, hotel, conveyance, entertainment, and miscellaneous business expenses
  • Perquisites: Nil
  • Shareholding: 25,000 equity shares

Director Background:

  • Age: 39 years, B.Com qualification
  • Experience: 15+ years in FMCG and agro-commodity sectors
  • Expertise: Procurement strategies, inventory management, warehousing, and transportation
  • Other Directorships: Ravishta Nutrifoods Private Limited, Swarnim Foods Private Limited
  • Board Meeting Attendance: 9 out of 9 meetings in FY 2025-26

Resolution No. 7: Appointment of Executive Director

Special Resolution to appoint Mr. Purvikkumar Bhagvanbhai Patel (DIN: 11825967) as Executive Director with effect from July 15, 2026.

Director Background:

  • Age: 34 years, M.Com qualification
  • Experience: 10+ years in finance and accounting, financial management, and corporate finance
  • Expertise: Financial reporting, budgeting, taxation, statutory compliance, MIS, internal controls
  • Shareholding: Nil
  • Other Directorships: Nil

Voting Arrangements

  • Remote e-voting available through depository participants (NSDL/CDSL) or directly via Bigshare Services
  • Physical proxy attendance not available due to virtual meeting format
  • Shareholders attending virtually but not voting remotely may vote during the meeting
  • Those who vote remotely cannot vote again during the meeting

Document Availability

  • Notice and Annual Report available on company website: https://avenique.co.in/
  • Available on stock exchange websites (BSE) and e-voting service provider website
  • Hard copies available on request via email to compliance.KDJ@gmail.com

Registered Offices

  • Corporate Office: A-1217 Titanium Business Park, B/h Divyabhaskar Press Makarba, Jivraj Park, Ahmedabad, Gujarat, 380051