Grob Tea 2026 AGM Approves All 11 Resolutions

Meeting Details

The Annual General Meeting was held on Tuesday, 11th August 2026 at 02:00 pm (IST) through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting concluded at 02:38 pm (IST). There were 20 members present through VC/OAVM, and the total number of shareholders as on the record date (4th August 2026) was 2,158.

Proposed Resolutions and Implications

The AGM considered and approved 11 resolutions:

Ordinary Business - Ordinary Resolutions:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026

2. Declaration of dividend @ Rs 2 per equity share of face value Rs 10 each for FY 2025-2026

3. Re-appointment of Mrs. Indra Agarwal (DIN: 00704025) who retires by rotation

Special Business - Ordinary Resolutions:

4. Appointment of Statutory Auditor

9. Ratification of Remuneration payable to Cost Auditor for FY 2026-2027

10. Approval of Material Related Party Transaction(s) with M/s Banka Enterprises Private Limited

11. Approval of Material Related Party Transaction(s) with M/s K L Support Private Limited

Special Business - Special Resolutions:

5. Re-appointment of Mr. Pradeep Kumar Agarwal (DIN: 00703745) as Managing Director

6. Increase in the limit of remuneration of Mr. Pradeep Kumar Agarwal

7. Appointment of Mr. Kishan Kumar Kejriwal (DIN: 00362377) as Independent Director

8. Appointment of Ms. Nidhi Shah (DIN: 00842660) as Independent Director

Voting Process and Methods

The company provided two voting methods:

Remote e-voting: Available from Saturday, 8th August 2026 (09:00 AM IST) to Monday, 10th August 2026 (05:00 PM IST)
E-voting during AGM: For members participating in the meeting who hadn't voted remotely

The company engaged National Securities Depository Limited (NSDL) to provide the e-voting facility.

Key Voting Outcomes

Overall Participation:

Total shares outstanding: 1,162,330
Total votes polled: 946,371 (81.4202% of outstanding shares)
23 members voted through remote e-voting
2 members voted through e-voting during AGM

Resolution-wise Results:

Resolution 1 (Adoption of Financial Statements):

Total votes in favor: 946,371 (100%)
Promoter votes: 871,658 (100% in favor)
Public non-institutions: 74,713 votes (100% in favor)

Resolution 2 (Dividend Declaration):

Total votes in favor: 946,371 (100%)
Promoter votes: 871,658 (100% in favor)
Public non-institutions: 74,713 votes (100% in favor)

Resolution 3 (Re-appointment of Mrs. Indra Agarwal):

Total votes in favor: 946,167 (99.9784%)
Votes against: 204 (0.0216%)
Public non-institutions: 74,509 in favor, 204 against

Resolution 4 (Appointment of Statutory Auditor):

Total votes in favor: 946,371 (100%)
Promoter votes: 832,738 (100% in favor)

Resolution 5 (Re-appointment of Managing Director):

Total votes in favor: 907,002 (99.9775%)
Votes against: 204 (0.0225%)
Promoter invalid votes: 40,660

Resolution 6 (Increase in MD Remuneration):

Total votes in favor: 905,162 (99.9394%)
Votes against: 549 (0.0606%)
Promoter invalid votes: 40,660

Resolution 7 (Appointment of Independent Director):

Total votes in favor: 945,822 (99.9420%)
Votes against: 549 (0.0580%)

Resolution 8 (Appointment of Independent Director):

Total votes in favor: 945,822 (99.9420%)
Votes against: 549 (0.0580%)

Resolution 9 (Ratification of Cost Auditor Remuneration):

Total votes in favor: 946,167 (99.9784%)
Votes against: 204 (0.0216%)

Resolution 10 (Related Party Transaction):

Total votes in favor: 946,167 (99.9784%)
Votes against: 204 (0.0216%)

Resolution 11 (Related Party Transaction):

Total votes in favor: 941,867 (99.9783%)
Votes against: 204 (0.0217%)
Promoter invalid votes: 4,300

Scrutinizer's Role and Findings

Mr. Mohan Ram Goenka, Company Secretary in Practice (FCS: 4515, CP:2551), was appointed as Scrutinizer to ensure a fair and transparent voting process. The scrutinizer verified the e-voting process and confirmed that all resolutions were passed with requisite majority. The scrutinizer's report was prepared based on the report generated from NSDL's e-voting system.

Compliance with Laws and Regulations

The AGM was conducted in compliance with:

Ministry of Corporate Affairs General Circular No. 03/2025 dated 22nd September 2025
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Companies Act, 2013 and Rules thereunder
SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026