Meeting Details
The 6th Annual General Meeting is scheduled to be held on Friday, July 24, 2026 at 4:00 P.M. (IST) via two-way Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the Registered Office of the Company at Sugar Mill Compound, Village Asmoli, Sambhal, Moradabad, UP-244304.
Proposed Resolutions and Implications
Ordinary Businesses:
Item No. 1: To receive, consider and adopt: a) the Audited Standalone Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors; b) the Audited Consolidated Financial Statements for FY ended March 31, 2026 and Report of Auditors.
Item No. 2: To declare final dividend @15% i.e. ₹1.50 per equity share for FY ended March 31, 2026 as recommended by the Board of Directors. Record date fixed as Friday, July 17, 2026.
Item No. 3: To appoint a director in place of Mr. Gautam Goel (DIN: 00076326), who retires by rotation and being eligible offers himself for re-appointment.
Item No. 4: Re-appointment of M/s Mittal Gupta & Company (Firm Registration No. 001874C) as Statutory Auditors for second term of 5 years commencing from conclusion of this AGM till conclusion of 11th AGM in FY 2031-2032.
Special Businesses:
Item No. 5: Amendment of Articles of Association by inserting new Article 125A to permit appointment of Chief Executive Officer and/or Managing Director as Chairman of the Company.
Item No. 6: Re-designation of Mr. Gautam Goel (DIN: 00076326) from Managing and Chief Executive Officer to Executive Chairman and Chief Executive Officer with effect from May 31, 2026 without variation in terms except gratuity entitlement as per company policy.
Item No. 7: Amendment in terms of payment of gratuity to executive directors (Late Mr. Vijay Kumar Goel, Mr. Gautam Goel and Mr. Nalin Kumar Gupta) to pay gratuity as per company policy without statutory ceiling limits under Code of Social Security 2020.
Item No. 8: Revision in remuneration of Ms. Maayashree Goel, General Manager-Management Team, with effect from August 1, 2026: Basic Salary ₹5,00,000 per month (with grade of upto 10% increase every year) plus perquisites including attendant, company maintained car with driver, medical, LTA, leave encashment, PF, and gratuity as per company policy.
Item No. 9: Revision in remuneration of Ms. Meerashree Goel, General Manager-Management Team, with effect from August 1, 2026: Basic Salary ₹5,00,000 per month (with grade of upto 10% increase every year) plus identical perquisites package as Ms. Maayashree Goel.
Item No. 10: Payment of commission of ₹12,00,000 (Rupees Twelve Lakhs) each to all Non-Executive Directors for Financial Year 2025-26.
Item No. 11: Ratification of remuneration of ₹1,80,000 per annum plus applicable taxes and reimbursement of expenses to Mr. S.R. Kapur, Cost Accountant, as Cost Auditor for FY 2026-27.
Voting Process and Methods
The Company is providing facility of remote e-Voting through National Securities Depository Limited (NSDL). The remote e-voting period begins on Monday, July 20, 2026 at 09:00 A.M and ends on Thursday, July 23, 2026 at 05:00 P.M. Members whose names appear in the Register of Members/Beneficial Owners as on the cut-off date of Friday, July 17, 2026 may cast their vote electronically. The voting right shall be in proportion to their share in the paid-up equity share capital as on the cut-off date.
Members can attend the AGM through VC/OAVM facility provided by NSDL at www.evoting.nsdl.com using their remote e-voting login credentials. The facility will be available for 1000 members on first come first served basis, excluding large shareholders (holding 2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors.
Scrutinizer Appointment
Mr. Saket Sharma, Partner, M/s GSK & Associates, Company Secretaries (Membership No. F4229, C.P.No.2565), has been appointed as the Scrutinizer to scrutinize the voting process in a fair and transparent manner and submit a Consolidated Scrutinizer's report to the Chairman.
Compliance with Laws and Regulations
The notice confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- MCA General Circular No. 03/2025 dated September 22, 2025
- MCA General Circular No. 14/2020 dated April 08, 2020
- SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024
- Companies (Management and Administration) Rules, 2014
- Secretarial Standard-2 on General Meetings
- Income-tax Act, 2025 provisions for dividend taxation
Additional Information
The notice discloses that 2,17,645 equity shares of the Company are lying in the Investor Education and Protection Fund Authority (IEPFA) as on March 31, 2026. Members are advised to update their PAN, nomination details, and contact information with their Depository Participants to ensure smooth processing of corporate benefits.