Meeting Details

  • Date: Tuesday, 18th August, 2026
  • Time: 11:30 A.M.
  • Location: Conducted entirely through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence
  • Type: 110th Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business

Item No. 1: Adoption of Financial Statements for year ended 31st March, 2026, including Audited Balance Sheet, Statement of Profit & Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors.

Item No. 2: Declaration of Dividend on Equity Shares (amount not specified in notice).

Item No. 3: Appointment of Director in place of Mr. Bharat Jhaver (DIN 00379111) who retires by rotation and offers himself for re-appointment.

Special Business

Item No. 4: Special Resolution for re-appointment of Mrs. Aruna Dhanuka (DIN 00005677) as Managing Director for 5 years from 1st February, 2027 to 31st January, 2032, with remuneration approved for first 3 years until 31st January, 2030.

  • Remuneration Details: Salary of ₹5,40,000 per month (in grade of ₹5,40,000 - ₹10,000 - ₹5,80,000), medical reimbursement, insurance policies up to ₹1,00,000 annually, LTC, company car with driver, telephone facilities, and commission up to 2.5% of net profits
  • Minimum Remuneration: Payable even if company incurs losses or inadequate profits
  • Age Consideration: Mrs. Dhanuka will attain 70 years during proposed term

Item No. 5: Special Resolution for re-appointment of Mr. Sameer Sah (DIN 01844078) as Independent Director for second term of 5 years from conclusion of 110th AGM until conclusion of 115th AGM.

Item No. 6: Ordinary Resolution for approval of material related party transaction with IVL Dhunseri Petrochem Industries Private Limited for trading of PET Resins:

  • Transaction Value: Up to ₹350.00 Crores annually
  • Volume: Up to 45,000 tonnes per year
  • Agreement: Existing Purchase and Sale Agreement dated 1st April 2017 with addendums and extensions
  • Materiality: Represents 94.15% of company's annual consolidated turnover (2025-26)
  • Arm's Length Basis: Transactions conducted in ordinary course of business

Voting Process and Methods

  • Remote e-Voting Period: Friday, 14th August, 2026 (9:00 A.M) to Monday, 17th August, 2026 (5:00 P.M)
  • Voting Service Provider: NSDL (National Securities Depository Limited)
  • Scrutinizer: M/s K.C. Dhanuka & Co., Company Secretaries (Membership No. FCS 2204)
  • Cut-off Date: Tuesday, 11th August, 2026 for determining voting rights
  • Methods:
  • Remote e-voting through NSDL platform
  • e-voting during AGM for those who haven't voted remotely
  • No proxy voting allowed due to virtual meeting format
  • VC/OAVM Access: Available 15 minutes before and after meeting commencement, limited to 1000 members on first-come basis (exceptions for large shareholders, promoters, institutions, directors, KMPs, committee chairs, auditors)

Shareholder Participation Details

  • Book Closure: Wednesday, 12th August, 2026 to Tuesday, 18th August, 2026 (both inclusive)
  • Dividend Payment: If declared, payable on or after Friday, 21st August, 2026
  • Electronic payment only as per SEBI notification dated 18th November, 2025
  • Requires KYC compliance for physical shareholders and updated bank details for demat shareholders
  • Taxation: Dividend income taxable with TDS deduction as per Income-Tax Act, 2025 amended by Finance Act, 2026
  • Unclaimed Dividend: ₹7,90,044.50 transferred to IEPF for FY 2017-18; 12,307 equity shares transferred to IEPF demat account for 145 members

Compliance Information

  • Regulatory Compliance: Conducted in accordance with MCA Circular No. 03/2025 dated 22nd September, 2025 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated 3rd October, 2024
  • Explanatory Statement: Provided as required under Section 102 of Companies Act, 2013 and SEBI Master Circular No. SEBI/HO/49/14/14/(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026
  • Director Disclosures: Annexure includes details of directors seeking appointment/re-appointment as per SEBI LODR Regulations and Secretarial Standard SS-2
  • Document Availability: Notice and Annual Report available on company website (aspetindia.com), stock exchange websites (BSE, NSE), and NSDL e-voting portal

Additional Information

  • ODR Mechanism: SMART ODR Portal available for dispute resolution after exhausting company/RTA and SCORES options
  • SEBI Investor Website: https://investor.sebi.gov.in/ promoted for investor education
  • Document Inspection: Available electronically during AGM upon request to investors@aspetindia.com
  • Question Submission: Members encouraged to submit questions in advance by 5:00 P.M on Tuesday, 11th August, 2026
  • Result Declaration: Scrutinizer's report and results to be declared within 2 working days of AGM conclusion, forwarded to NSE and BSE, and posted on company website