Incredible Industries Limited held its 47th Annual General Meeting (AGM) on Friday, September 18, 2026, at 02:30 PM (IST) through Video Conferencing / Other Audio Visual Means (VC/OAVM). The meeting commenced at 02:30 PM and concluded at 03:55 PM, lasting approximately 1 hour and 25 minutes.
The meeting was conducted in compliance with Ministry of Corporate Affairs (MCA) circulars including General Circular No. 03/2025 dated 22 September 2025, and multiple previous circulars from 2020-2024, as well as SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Rama Shankar Gupta, Chairman & Managing Director (DIN: 07843716), presided over the meeting as per the Articles of Association. The Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were present, along with all other directors and officers via VC/OAVM.
The quorum was present throughout the meeting as required under law. The notice convening the Meeting and the Auditor's Report were taken as read. Statutory Registers were available electronically for inspection.
The Chairman made opening remarks regarding the global and national scenario of the Iron & Steel Industry, Government of India policies for the industry, challenges in the industry, and the Company's performance.
The Company provided members the facility to exercise votes electronically through the CDSL platform. The Board of Directors had appointed CS Mohan Ram Goenka, Partner of M/s. M R & Associates, Practicing Company Secretary, as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.
Business Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 along with the Reports of the Board of Directors and Auditors thereon.
2. To appoint a Director in place of Mr. Sanjay Kaloya (DIN: 07970640) who retires by rotation and being eligible, offers himself for re-appointment.
3. To appoint M/s. Sudhir Kumar Jain & Associates, Chartered Accountants (Firm Registration No. 318016E) as Statutory Auditors of the Company for a term of 5 (Five) consecutive years.
Special Business:
4. Ordinary Resolution to approve Material Related Party Transaction(s) of the Company with Adhunik Corporation Limited for a period commencing from the conclusion of 47th Annual General Meeting to 48th Annual General Meeting of the Company.
5. Ordinary Resolution to ratify the remuneration of Cost Auditors for the Financial Year ending March 31, 2027.
Members were given opportunity to ask questions and seek clarifications, which were addressed to their satisfaction.
After the question and answer session, the Chairman informed that members present who had not cast votes electronically could do so through the CDSL platform. The e-voting facility remained open for an additional 15 minutes after the meeting.
The voting results along with the Scrutinizer's report were to be placed on the Company's website and CDSL website within 48 hours of conclusion of the Meeting. The results would also be forwarded to NSE, BSE, and Calcutta Stock Exchange where the Company's shares are listed.
The meeting concluded with a vote of thanks to the Chair.