Key Event Details
The 42nd Annual General Meeting of Gratex Industries Limited will be held on Thursday, 10th September, 2026 at 01:00 p.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The registered office of the company at Navi Mumbai will serve as the deemed venue for the AGM.
Agenda Items
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.
2. To appoint a Director in place of Mrs. Mona Pratap Menon (DIN: 00117025), who retires by rotation and being eligible, offers herself for re-appointment.
Special Business:
3. Material Related Party Transaction(s) between the Company and Marshalls Enterprises India Private Limited, a Company having common Directors and Shareholders - to be considered as an Ordinary Resolution.
Material Related Party Transactions Details
The resolution seeks shareholder approval for Material Related Party Transactions/Contracts/Arrangements/Agreements entered into/proposed to be entered into between Gratex Industries Limited and Marshalls Enterprises India Private Limited (MEIPL) during financial years 2027-28, 2028-29, and 2029-30.
Transaction Parties:
- Related Party: Marshalls Enterprises India Private Limited (MEIPL)
- Relationship: Company having common Directors and Shareholders
- MEIPL Business: India's premier wallcoverings company, established in 1975, headquartered in Mumbai, with over 12 showrooms and 600 dealers nationwide
Directors with Common Interests:
- Mr. Baldevkrishan Ramrattan Sharma (DIN: 00117161) - Director-Promoter of Gratex, Director and Shareholder in MEIPL
- Mr. Karan Baldev Sharma (DIN: 00117188) - Managing Director-Promoter of Gratex, Managing Director and Shareholder in MEIPL
- Ms. Mona Pratap Menon (DIN: 00117025) - Director-Promoter and CFO of Gratex, Director and Shareholder in MEIPL
- Ms. Promila Baldev Sharma (DIN: 00118086) - Promoter of Gratex, Director and Shareholder in MEIPL
Transaction Types and Projected Values (₹):
| Transaction Type | 2027-28 | 2028-29 | 2029-30 |
| Sale of Goods | 2,20,00,000 | 2,50,00,000 | 3,00,00,000 |
| Purchase of Goods | 60,00,000 | 75,00,000 | 1,00,00,000 |
| Warehousing Charges Received | 1,10,00,000 | 1,20,00,000 | 1,40,00,000 |
| Franchises Commission Received | 1,10,00,000 | 1,21,00,000 | 1,33,10,000 |
| Packing & Forwarding Charges Received | 2,20,00,000 | 2,50,00,000 | 3,00,00,000 |
| Service charges paid | 60,00,000 | 75,00,000 | 1,00,00,000 |
| Reimbursement of Expenses Received | 1,02,86,000 | 1,16,39,600 | 1,31,68,560 |
| Reimbursement of Expenses Paid | 20,00,000 | 22,00,000 | 24,20,000 |
Total Estimated Value: Approximately ₹19.5 crore over three years
Percentage of Annual Consolidated Turnover: Approximately 425% of the immediately preceding financial year's turnover
Transaction Terms:
- Tenure: Financial years 2027-28, 2028-29, and 2029-30
- Pricing: Arm's length basis in ordinary course of business
- Nature: Continuing business transactions
Voting Arrangements:
- Remote e-voting period: Monday, 7th September 2026 (09:00 AM IST) to Wednesday, 9th September 2026 (05:00 PM IST)
- Cut-off date for voting rights: Thursday, 3rd September 2026
- e-Voting service provider: National Securities Depository Limited (NSDL)
- Scrutinizer: M/s JC & Associates, Practicing Company Secretary (CP No. 12162)
- No proxy facility available due to virtual meeting format
Shareholder Information:
- Register of Members and Share Transfer Books will remain closed from Friday, 4th September 2026 to Thursday, 10th September 2026 (both days inclusive)
- Members holding physical shares are advised to dematerialize them immediately
- Registrar & Share Transfer Agent: Adroit Corporate Services Private Limited
Director Re-appointment Details:
Mrs. Mona Pratap Menon (DIN: 00117025), age 49, Indian national, appointed on 1st October 1995, holds B.Com and Interior Designer qualifications with expertise in Marketing and Corporate Management. She received sitting fees of ₹50,000 during FY 2025-26 and holds 1,37,900 shares in the company.