Esaar (India) Ltd has issued notice for its 74th Annual General Meeting (AGM) scheduled to be held on Wednesday, September 30, 2026 at 03:00 PM IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The deemed venue for the AGM is Shop No. 06, Prathamesh Avenue, Datta Mandir Road, Malad East, Mumbai – 400 097.

AGM Logistics and Voting Details

The cut-off date for e-Voting is September 23, 2026. Remote e-voting begins on September 27, 2026 at 09:00 AM and ends on September 29, 2026 at 05:00 PM. The meeting is being conducted virtually in compliance with MCA General Circular No. 09/2024 dated September 19, 2024 and SEBI circular no. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024.

Ordinary Business Items

1. Approval of Financial Statements: To receive, consider, approve and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with the Director's Report and Auditor's Report.

2. Reappointment of Director: To consider reappointment of Mr. Bipin Dinesh Varma (DIN: 05353685), Whole-Time Director who retires by rotation under Section 152(6) of the Companies Act, 2013. Mr. Varma was first appointed on January 27, 2023, is 38 years old, holds a Bachelor's in Commerce, and has 13 years of experience in Strategy & Finance Management. He attended 100% of board meetings (10 meetings in FY 2025-26 and 4 meetings in FY 2026-27 till the notice date). He holds no shares in the company.

Special Business Items

3. Loans/Guarantees/Security under Section 185: Special resolution seeking approval for giving loans, guarantees, or providing security in connection with loans taken by subsidiaries, associates, joint ventures, group entities, or any person in which directors are interested. The aggregate amount shall not exceed ₹100 Crores at any point in time. The purpose is for working capital requirements, purchase of fixed assets, transportation activities, trading activities, and other ancillary business activities.

4. Investments/Loans/Guarantees under Section 186: Special resolution seeking approval for making investments, giving loans, providing guarantees, or security to any person or body corporate up to an aggregate amount of ₹1000 Crores outstanding at any point in time, even if it exceeds the limits prescribed under Section 186 of the Companies Act, 2013.

5. Borrowing Powers under Section 180(1)(c): Special resolution seeking approval to borrow money from banks, financial institutions, foreign lenders, body corporates, or other entities up to an aggregate amount of ₹1000 Crores, notwithstanding that such borrowings may exceed the aggregate of paid-up share capital and free reserves of the company.

Voting and Participation Procedures

The company has appointed National Securities Depository Limited (NSDL) as the e-voting service provider. Detailed instructions are provided for shareholders holding securities in demat mode (both NSDL and CDSL) and physical mode. Members can join the AGM through VC/OAVM 15 minutes before the scheduled time, with facility available for 1000 members on first-come-first-served basis (excluding large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors).

Explanatory Statements

The explanatory statements provide that:

  • The loans/guarantees under Section 185 would be for working capital requirements and principal business activities of borrowing entities
  • The investments/loans under Section 186 are for optimum use of funds and achieving long-term strategic business objectives
  • The borrowing limit increase under Section 180(1)(c) is to meet working capital, business operations, expansion, and other financial requirements

Disclosure of Interest

None of the directors, key managerial personnel, or their relatives are concerned or interested in the special business resolutions, except to the extent of their directorship and shareholding where applicable.

Result Publication

The result of the e-voting will be published on or before October 02, 2026.