Meeting Details

  • Date: Friday, July 24, 2026
  • Time: 4:00 PM to 5:04 PM (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Type of Meeting: 6th Annual General Meeting
  • Compliance: Conducted in accordance with circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)

Meeting Proceedings

Mr. Gautam Goel, Chairman & CEO of the Company, chaired the meeting. Mrs. Ashu Rawat, Company Secretary, confirmed requisite quorum was present through Video Conferencing. The meeting began with a welcome address and introduction of attendees.

Directors Present: Chairman & CEO, Vice Chairman, Whole-time Director, and other directors joined from their respective locations.

Directors Absent: Mrs. Bindu Vashist Goel (Non-Executive Director) due to technical issues; Mrs. Ruchika Amrish Mehra Kothari (Independent Director) due to unavoidable circumstances.

Committee Chairs Present: Chairpersons of Audit Committee, Stakeholders' Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee were present.

Auditors Present: Mr. Bihari Lal Gupta (Partner, Mittal Gupta & Co., Statutory Auditors) and Mr. Saket Sharma (Partner, GSK & Associates, Secretarial Auditor and Scrutinizer) attended via Video Conferencing.

The Chairman paid homage to Late Mr. Vijay Kumar Goel, former Chairman & Executive Director, and apprised shareholders about the completion of sale of Meerganj unit on slump sale basis. He provided an overview of the sugar industry, company performance in FY 2025-26, and future outlook.

Mr. Nalin Kumar Gupta, Whole-time Director and CFO, presented financial highlights and segment-wise performance for FY 2025-26.

The Notice of AGM, Report of Board of Directors, Auditors' Report, and Secretarial Audit Report were taken as read. Members were informed there were no qualifications in the Auditors' Report on Financial Statements or Secretarial Audit Report for FY ended March 31, 2026.

Shareholder Interaction

Two registered speaker shareholders asked questions/expressed views, which were responded to by the Leadership/Management Team.

Proposed Resolutions

The following resolutions were proposed as per the AGM Notice dated July 1, 2026:

Ordinary Business

1. Ordinary Resolution: To receive, consider and adopt:

  • Audited Standalone Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors
  • Audited Consolidated Financial Statements for FY ended March 31, 2026 and Report of Auditors

2. Ordinary Resolution: To declare final dividend @15.00% i.e. ₹1.50 per equity share for FY ended March 31, 2026 as recommended by Board of Directors

3. Ordinary Resolution: To appoint director in place of Mr. Gautam Goel (DIN: 00076326) who retires by rotation and offers himself for re-appointment

4. Ordinary Resolution: To re-appoint M/s Mittal Gupta & Company, Chartered Accountants (FRN:001874C) as Statutory Auditors for second term of 5 years

Special Business

5. Special Resolution: Amendment of Article of Association by inserting new Article 125A

6. Special Resolution: Re-designation of Mr. Gautam Goel (DIN: 00076326) as Chairman and Chief Executive Officer

7. Special Resolution: Amendment in terms of payment of gratuity to Directors

8. Ordinary Resolution: Revision in remuneration of Ms. Maayashree Goel, General Manager – Management Team

9. Ordinary Resolution: Revision in remuneration of Ms. Meerashree Goel, General Manager – Management Team

10. Special Resolution: Payment of Commission to Non-Executive Directors for FY 2025-26

11. Ordinary Resolution: Ratification of Payment of Remuneration to Cost Auditor for FY 2026-27

Voting Process

  • Remote e-voting: Available from Monday, July 20, 2026 (9:00 AM IST) to Thursday, July 23, 2026 (5:00 PM IST)
  • Electronic voting during AGM: Members who hadn't voted remotely could vote electronically during the meeting. The e-voting module remained active for 15 minutes after AGM conclusion
  • Results disclosure: Combined e-voting results along with scrutinizer's report to be communicated to stock exchanges within stipulated time and placed on company website and NSDL website

Compliance Confirmation

The meeting was conducted in compliance with applicable circulars issued by MCA and SEBI. Mr. Saket Sharma of GSK & Associates served as Scrutinizer for the voting process.

Additional Information

  • Corporate Office: Second Floor, Plot No. 201, Okhla Industrial Estate, Phase III, New Delhi – 110 020
  • The meeting concluded at 5:04 PM IST including time allotted for e-voting at AGM