Meeting Details
The 28th Annual General Meeting (AGM) of AWL Agri Business Limited was held on Tuesday, July 7, 2026, through Video Conference and Audio-Visual Means.
The meeting commenced at 11:00 A.M. (IST) and concluded at 1:15 P.M. (IST), including the time allowed for e-Voting at the AGM. The cut-off date for e-Voting was June 30, 2026.
Attendance
Directors in Attendance:
- Mr. Dorab Mistry - Chairman & Independent Director
- Mr. Kuok Khoon Hong - Non-Executive Director
- Mr. Angshu Mallick - Executive Deputy Chairman
- Mr. Shrikant Kanhere - Managing Director & CEO
- Mr. Saumin Sheth - Executive Director & COO
- Mr. Ravindra Kumar Singh - Whole Time Director
- Dr. Anup Shah - Independent Director & Chairman of Audit Committee
- Mr. Madhu Ramachandra Rao - Independent Director
Key Managerial Personnel:
- Mr. Pankaj Goyal - Interim Chief Financial Officer
- Mr. Darshil Lakhia - Company Secretary
Mrs. Dipali Sheth, Independent Director and Chairperson of Nomination & Remuneration Committee, was absent due to personal reasons. Statutory Auditors, Secretarial Auditor, and the Scrutinizer were present through VC.
85 members attended the meeting virtually. Quorum requirements under Section 103 of the Companies Act, 2013 were met throughout the meeting.
Proceedings Summary
The Company Secretary, Mr. Darshil Lakhia, welcomed members and briefed them on participation procedures. The meeting was video recorded and live-streamed on CDSL's website.
Since the Auditor's Report on Financial Statements (Standalone and Consolidated) for FY ended March 31, 2026 had no qualifications, reservations, observations, adverse remarks, or disclaimer, it was not required to be read. The notice convening the meeting along with text of resolutions and explanatory statements were taken as read.
Chairman Mr. Dorab Mistry provided a brief overview of the macroeconomic scenario and company performance in FY25-26. Managing Director & CEO Mr. Shrikant Kanhere presented key highlights and financial performance for FY25-26.
Voting Process
Remote e-voting commenced at 9:00 A.M. (IST) on July 3, 2026, and ended at 5:00 P.M. (IST) on July 6, 2026. E-voting during the AGM was available until 15 minutes after the conclusion of proceedings.
Mr. Chirag Shah (FCS 5545, CP 3498) or failing him Mr. Raimeen Maradiya (FCS 11283, CP 17554) of Chirag Shah & Associates were appointed as Scrutinizer to scrutinize both remote e-voting and e-voting during the AGM.
Resolutions Voted Upon
Ordinary Business:
1. Adoption of audited standalone financial statements for FY ended March 31, 2026 (Ordinary Resolution)
2. Adoption of audited consolidated financial statements for FY ended March 31, 2026 (Ordinary Resolution)
3. Declaration of final dividend of ₹1 (100%) per equity share for FY ended March 31, 2026 (Ordinary Resolution)
4. Re-appointment of Mr. Angshu Mallick (DIN: 02481358) as Director retiring by rotation (Ordinary Resolution)
5. Re-appointment of Mr. Ravindra Kumar Singh (DIN: 08253320) as Director retiring by rotation (Ordinary Resolution)
Special Business:
6. Approval of material related party transactions with Wilmar Trading Pte. Ltd during FY26-27 (Ordinary Resolution)
7. Re-appointment of Mr. Ravindra Kumar Singh (DIN: 08253320) as Whole Time Director for 3 years effective November 1, 2026 (Ordinary Resolution)
8. Ratification of remuneration payable to Dalwadi & Associates, Cost Accountants as Cost Auditors for FY26-27 (Ordinary Resolution)
9. Approval of payment of remuneration by way of commission to Non-Executive Independent Directors (Ordinary Resolution)
Shareholder Interaction
Members were given opportunity to speak in order of registration. The Executive Deputy Chairman, Managing Director and CEO responded to queries raised by shareholders.
Results Declaration
The consolidated results of remote e-voting and e-voting at the AGM will be announced within 2 working days of the meeting conclusion. Results along with Scrutinizer's Report will be intimated to stock exchanges per SEBI Listing Regulations and uploaded on company website and CDSL.