A meeting of the Board of Directors of Harshdeep Hortico Limited was held on Monday, 10th August, 2026, commencing at 04:15 P.M. and concluding at 04:30 P.M. at the company's Registered Office in Bhiwandi, Thane, Maharashtra.

Key Board Approvals:

1. Directors' Report:

The Board approved the Directors' Report for the financial year ended 31st March, 2026.

2. Director Remuneration:

The Board approved several items related to director remuneration, all subject to approval by members at the ensuing Annual General Meeting (AGM) and other statutory approvals:

  • Approval of director remuneration in excess of the overall managerial remuneration limits prescribed under Section 197 of the Companies Act, 2013.
  • Approval of remuneration, including commission, payable to Mr. Hitesh Chunilal Shah, Chairman and Managing Director.
  • Approval of an increase in remuneration payable to Mr. Harshit Hitesh Shah, Whole-time Director.
  • Approval of remuneration payable to Mrs. Dipti Hitesh Shah, Non-Executive Director.

3. Foreign Investment:

The Board approved an investment of up to ₹1,00,00,000 (Rupees One Crore only), or its equivalent in foreign currency, by way of equity infusion. This investment is intended for an existing or proposed entity in Dubai, United Arab Emirates, and is subject to the finalization of the investee entity, terms and conditions, completion of due diligence, and satisfaction of applicable legal and regulatory conditions.

Details of the Proposed Investment (Annexure I):

  • Target Entity: The specific investee entity has not been finalized. No name, size, turnover, or incorporation details are available.
  • Related Party Status: Based on current information, the investment is not intended to be with a related party. A final assessment will be made upon entity finalization.
  • Industry: The target entity is expected to be engaged in the supply of flower pots and planters, aligning with the company's existing business.
  • Purpose: The investment is intended to facilitate and support the expansion of the company's business in Dubai.
  • Approvals Required: Specific governmental or regulatory approvals cannot be determined yet but will include compliance with applicable foreign exchange laws.
  • Timeline: Completion is anticipated approximately 3 months from the finalization of the investee entity and satisfaction of conditions precedent.
  • Consideration: The investment will be a cash consideration by way of equity infusion.
  • Shareholding: The final percentage of shareholding/control and number of shares acquired will be determined upon finalization of the transaction terms.

4. Annual General Meeting (AGM):

  • The 4th AGM is scheduled for Thursday, 17th September, 2026, at 12:30 P.M. at the Registered Office.
  • The Notice of the AGM was approved by the Board.

5. AGM Logistics:

  • M/s Dilip Swarnkar & Associates, Practising Company Secretaries, were appointed as the Scrutinizer for the voting process.
  • Thursday, 10th September, 2026, was fixed as the "Cut-off Date" for determining member eligibility to vote.

6. Audit Committee Reconstitution:

The Audit Committee was reconstituted following the resignation of Mr. Shankar Keshava Vailaya, Non-Executive Independent Director, effective 16th June, 2026. The new committee comprises:

  • Mr. Arjun Manish Bhanushali (Chairman)
  • Mr. Dhruva Hemandra Parekh (Member)
  • Mr. Harshit Hitesh Shah (Member)

The composition is stated to be in accordance with the Companies Act, 2013, and SEBI LODR Regulations.