Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 12:30 P.M. IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Deemed Venue: Registered Office of the Company
  • Cut-off Date: Tuesday, September 22, 2026 for determining voting rights and dividend entitlement

Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of Directors and Auditors.

2. Declaration of Dividend: To declare dividend of ₹0.10 (10%) per Equity Share of ₹1/- each for the financial year ended March 31, 2026.

3. Re-appointment of Director: To re-appoint Mr. Vimal Kumar (DIN: 01260082) who retires by rotation and is eligible for re-appointment.

Special Business

4. Revision of Remuneration Terms: Special Resolution to approve revised remuneration terms for Mr. Surendra Sai Nallamalli (DIN: 08837064), Whole-time Director, including:

  • Monthly salary of ₹12,50,000 with potential increases up to ₹20,00,000
  • Perquisites including accommodation/HRA, medical reimbursement, LTA, car with driver, insurance, education allowance, bonus/ex-gratia
  • Company contributions to PF, Gratuity, leave encashment
  • Minimum remuneration provisions in case of loss/inadequate profits

5. Excess Managerial Remuneration: Special Resolution to approve payment of remuneration to Directors exceeding the overall limit of 11% of net profits as per Section 197 of Companies Act, 2013.

6. Excess Remuneration for MD: Special Resolution to approve remuneration to Mr. Vimal Kumar, Managing Director, exceeding ₹5 crore or 2.5% of net profits, whichever is higher, as per SEBI LODR Regulation 17(6)(e).

7. Related Party Transactions: Ordinary Resolution to approve material related party transactions with Kashmir Chemicals for aggregate value up to ₹250 crore during FY 2026-27, including:

  • Purchase and sale of goods/services
  • Transactions on arm's length basis in ordinary course of business
  • Kashmir Chemicals is 99% owned subsidiary with FY 2025-26 turnover of ₹98.62 crore and PAT of ₹2.31 crore

Voting Process and Methods

  • Remote e-Voting Period: Saturday, September 26, 2026 (9:00 a.m. IST) to Monday, September 28, 2026 (5:00 p.m. IST)
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Ms. Rakhi Rani, Practicing Company Secretary (Membership Number: 31715)
  • Voting Methods:
  • Remote e-voting through NSDL platform
  • E-voting during AGM for those who haven't voted remotely
  • Physical attendance dispensed with due to VC/OAVM mode

Key Voting Information

  • Voting Rights: Proportional to shareholding as on cut-off date (September 22, 2026)
  • Result Declaration: Scrutinizer's report to be submitted immediately after AGM, results announced within stipulated time and placed on company website
  • Institutional Voting: Corporate members must send certified copy of Board resolution/authorization letter to scrutinizer at advisorsproficient@gmail.com

Dividend Information

  • Record Date: Tuesday, September 22, 2026
  • Dividend Rate: ₹0.10 per equity share (10%)
  • Payment Mode: Electronic mode only as mandated by SEBI
  • TDS Applicability: Tax deducted at source under Section 194 of Income Tax Act
  • Unclaimed Dividend: Dividend for 2018-19 (declared September 28, 2019) must be claimed by November 4, 2026 before transfer to IEPF

Compliance with Regulations

The meeting is conducted in compliance with:

  • MCA General Circular No. 09/2024 dated September 19, 2024
  • SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024
  • Companies Act, 2013 provisions
  • SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
  • Secretarial Standard - 2 on General Meetings

Additional Information

  • Quorum: Members attending through VC/OAVM counted for quorum under Section 103 of Companies Act
  • Document Inspection: Register of Directors, KMP shareholding, and interested contracts available electronically during AGM
  • Query Submission: Members can send account-related queries to info@bestagrolife.com by September 21, 2026
  • ODR Portal: SEBI's Online Dispute Resolution Portal available for investor grievance resolution
  • KYC Compliance: All service requests require KYC compliant folios as per SEBI mandates