Meeting Details
The 48th AGM will be held on Wednesday, 23rd September, 2026 at 11:30 AM through two-way Video Conference (VC)/Other Audio Visual Means (OVAM) facility. The deemed venue is the Company's Registered Office at A/304, Naman Midtown, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 013.
Ordinary Business
1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and Cash Flow Statement for the year ended on that date together with the Directors' and Auditors' Report thereon.
2. To appoint a Director in place of Mr. Aditya A. Garware (DIN: 00198146) who retires by rotation and being eligible, offers himself for re-appointment.
Special Business
3. To consider and approve the re-appointment of Mr. Shyamsunder V. Atre (DIN: 01893024) as Executive Director, with effect from 31st October, 2026 for a period of two years.
Remuneration Details for Mr. Shyamsunder V. Atre:
- Annual remuneration: ₹15,47,040
- Perquisites include provision for car with chauffeur and other allowances as per company rules
- Reimbursement of entertainment expenses actually incurred in business course
- Reimbursement of travelling, hotel and other expenses incurred in performance of duties
- In event of company loss or inadequate profit, this remuneration shall be treated as minimum remuneration
4. To consider and approve the appointment of Mr. Hasan Alibhai Bhinderwala (DIN: 06751723), as a Non-Executive Independent Director of the Company with effect from 12th August, 2026 for a period of five years (first term) till 11th August, 2031.
Financial Performance
The document discloses financial performance information:
- Total Revenue: ₹112.55 lakh
- Profit for the year: ₹14.72 lakh
- Nature of Industry: Ship Repairs
Director Information
Mr. Aditya A. Garware:
- Date of Birth: 11/02/1971
- DIN: 00019816
- Date of appointment: 24/05/1993
- Qualification: MBA
- Shareholding: 2,10,229 equity shares
- No remuneration except sitting fees
Mr. Shyamsunder V. Atre:
- Date of Birth: 02/11/1944
- DIN: 01893024
- Date of re-appointment: 31/10/2024 (as Executive Director for 2 years)
- Qualification: B.E. (Electrical)
- Shareholding: 1,000 equity shares
- Expertise in Sales, Marketing, company operations and labor relations
Mr. Hasan Alibhai Bhinderwala:
- Qualification: B.Sc. from University of Mumbai
- Designated Partner in R Nets N Knots LLP
- 22 years of leadership experience in manufacturing, distribution, and marketing of industrial, safety, and sports netting solutions
- No shareholding in the company
- No remuneration except sitting fees for attending Board and Committee Meetings
Voting Information
- Cut-off date for determining voting rights: Wednesday, 16th September, 2026
- Remote e-voting period: Sunday, 20th September, 2026 at 10:00 a.m. to Tuesday, 22nd September, 2026 at 5:00 p.m.
- EVSN: 260827002
- Scrutinizer: Mr. Taher Sapatwala, Practicing Company Secretary
Document Availability
All relevant documents are available for inspection through electronic mode. Members may write to the Company at investorredressal@garwaremarine.com for inspection.