Meeting Details

The 51st Annual General Meeting of Cranex Limited will be held on Tuesday, 29th September 2026 at 12:30 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Business to be Transacted

Ordinary Business:

Item No. 1: Adoption of Standalone & Consolidated Audited Financial Statements for the financial year ended 31st March 2026, together with Reports of Board of Directors and Auditors.

Item No. 2: Appointment of a director in place of Mr. Piyush Agrawal (DIN 01761004), who retires by rotation and offers himself for re-appointment.

Special Business:

Item No. 3: Re-appointment of Mr. Piyush Agrawal (DIN 01761004) as Managing Director of the Company for a further period of five years from 1st October 2026 to 30th September 2031 (Special Resolution).

  • Fixed salary: ₹4,00,000 per month with increments as decided by Board
  • No sitting fees for Board/Committee meetings
  • Shareholding: 25,93,000 equity shares (39.47% as of 31st March 2026)
  • Requires special resolution due to age (73 years) exceeding normal limits under Section 196(3)(a) of Companies Act 2013

Item No. 4: Re-appointment of Mr. Chaitanya Agrawal (DIN 05108809) as Whole-Time Director (designated as "Whole time Director & CFO") for five years from 1st October 2026 to 30th September 2031 (Special Resolution).

  • Fixed salary: ₹3,00,000 per month with increments as decided by Board
  • No sitting fees for Board/Committee meetings
  • Shareholding: 190,000 equity shares (2.89% as of 31st March 2026) plus 400,000 convertible warrants converted to equity shares in April 2026, resulting in total holding of 590,000 shares

Item No. 5: Appointment of M/s. Parveen Rastogi & Co., Company Secretaries (ICSI Membership No. F-4764, COP No. 26582) as Secretarial Auditor for five years from FY2026-27 to FY2030-31 (Ordinary Resolution).

  • Peer Review Registration Number: 7967/2026 (valid until 15th May 2031)
  • Remuneration to be mutually agreed between Board and auditors

Voting Arrangements

  • Remote e-voting period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM) through NSDL
  • Cut-off date for voting eligibility: 22nd September 2026
  • Register of Members and Share Transfer Books will remain closed from 23rd to 29th September 2026
  • Physical attendance dispensed with; only VC/OAVM attendance available

Shareholder Communication

  • Annual Report and Notice sent electronically to shareholders with registered email addresses
  • Documents available on company website (www.cranexltd.com) and BSE website (www.bseindia.com)
  • Shareholders can submit questions in advance to investors@cranexltd.com
  • Mr. Parveen Kumar Rastogi appointed as Scrutinizer for e-voting process

Director Profiles

Mr. Piyush Agrawal (DIN 01761004):

  • Age: 73 years (DOB: 4th August 1953)
  • First appointment: 29th January 2005
  • Qualification: B.E.
  • Experience: 49+ years in Technical and Managerial fields
  • Current remuneration: ₹3,00,000 per month
  • Proposed remuneration: ₹4,00,000 per month

Mr. Chaitanya Agrawal (DIN 05108809):

  • Age: 43 years (DOB: 11th April 1983)
  • First appointment: 1st October 2011
  • Qualification: M.B.A.
  • Experience: 16+ years in Finance
  • Current remuneration: ₹2,00,000 per month
  • Proposed remuneration: ₹3,00,000 per month