Key Dates

  • AGM Date: Thursday, September 17, 2026 at 2:00 PM IST
  • AGM Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Record Date: September 10, 2026
  • Remote e-voting period: September 12, 2026 (10:00 AM) to September 16, 2026 (5:00 PM)
  • Register of Members closure: September 11-17, 2026 (both days inclusive)
  • Speaker registration deadline: September 2, 2026

Ordinary Business Agenda

1. To receive, consider and adopt Audited Financial Statements (Standalone and Consolidated) for financial year ended March 31, 2026 with reports of Board of Directors and Auditors

2. To declare Dividend on Equity Shares of face value ₹1 each for financial year ended March 31, 2026

3. To appoint Director in place of Mr. Yogesh Samat (DIN: 00717877) who retires by rotation and offers himself for re-appointment

Special Business Agenda

Item 4: Re-appointment of Mr. Rohitkumar More as Whole-time Director

  • Special Resolution for re-appointment for 5 years effective April 1, 2027
  • Remuneration package:
  • Salary & Allowances: Up to ₹2.00 Crore per annum
  • Commission: Up to ₹1.50 Crore per annum
  • Perquisites: Medical allowance, leave benefits, LTC, encashment of leave, PF & gratuity contributions, car with driver, insurance premiums, club fees, telephone facilities
  • Minimum remuneration payable in absence or inadequacy of profits subject to Schedule V limits
  • Mr. Rohitkumar More is Mechanical Engineer with 33 years experience, currently handling Engineering Division at Pune

Item 5: Re-appointment of Mr. Yogesh Samat as Whole-time Director

  • Special Resolution for re-appointment for 2 years effective July 1, 2026
  • Remuneration package:
  • Salary & Allowances: Up to ₹2.50 Crore per annum
  • Commission: Up to ₹1.00 Crore per annum
  • Perquisites: Same package as Mr. Rohitkumar More
  • Mr. Yogesh Samat holds MBA from IIM Bangalore & CFA, previously worked with Hindustan Unilever Ltd. and as CEO of Inorbit Mall

Item 6: Revision of remuneration of Mr. Aman More

  • Ordinary Resolution for revision of remuneration
  • Mr. Aman More is son of Mr. Nirajkumar More (Managing Director), promoted to Assistant General Manager - Business Innovation
  • Consolidated Salary: Up to ₹50 Lacs per annum inclusive of allowances and commission
  • Perquisites: Same package as Whole-time Directors
  • Qualification: M.Sc. in Management & Engineering in Technology, Innovation, Marketing & Entrepreneurship

Item 7: Revision of remuneration of Mr. Yash More

  • Ordinary Resolution for revision of remuneration
  • Mr. Yash More is son of Mr. Nirajkumar More (Managing Director), currently Assistant General Manager
  • Consolidated Salary: Up to ₹50 Lacs per annum inclusive of allowances and commission
  • Perquisites: Same package as Whole-time Directors
  • Qualification: Master of Science in Materials Science and Engineering

Item 8: Ratification of remuneration of Cost Auditors

  • Ordinary Resolution for ratification of remuneration
  • Cost Auditor: V. J. Talati & Co., Cost Accountants (Firm Registration No. R00213)
  • Remuneration: Up to ₹3.00 Lacs per annum (exclusive of applicable taxes and reimbursement of out-of-pocket expenses)
  • Appointment for financial year ending March 31, 2027

Voting Procedures

  • Remote e-voting available through CDSL/NSDL systems for demat shareholders
  • Physical shareholders can vote through www.evotingindia.com using folio number and PAN
  • Scrutinizer: GMJ & Associates, firm of Practicing Company Secretary
  • Results declaration post-AGM with publication on company website (www.growel.com) and BSE website

Dividend Information

  • Dividend taxable in hands of shareholders with TDS deduction as per Finance Act, 2020
  • Payment to shareholders registered as beneficial owners as of September 10, 2026
  • Physical shareholders must ensure KYC compliance for direct bank transfer
  • Unclaimed dividends for 7 years transferred to Investor Education and Protection Fund (IEPF)

Document Availability

  • AGM Notice available at: https://growel.com/AGM2026notice.pdf
  • Annual Report 2025-26 available at: https://growel.com/financial/AnnualReport/ar2026.pdf
  • Documents available for inspection via email request to secretarial@growel.com

Company Identification