Meeting Details
The 1st Extra-Ordinary General Meeting (EGM) of Ind-Swift Laboratories Limited for the financial year 2026-27 was held on Wednesday, 5th August 2026 through Video Conferencing/Other Audio-Visual Means (VC/OAVM).
The meeting commenced at 11:30 AM IST and concluded at 12:01 PM IST, with an additional 15 minutes provided for e-voting by members at the EGM.
The deemed venue of the EGM was the Registered Office of the Company at SCO 850, Shivalik Enclave, NAC, Manimajra, Chandigarh-160101.
Attendance
Directors Present through VC:
- Sh. Navrattan Munjal - Chairman
- Sh. Himanshu Jain - Managing Director (Domestic Operations)
- Sh. Sahil Munjal - Managing Director (Global Operations)
- Sh. Rishav Mehta - Executive Director
- Smt. Neerja Chathley - Independent Director
- Sh. Rajinder Kumar Gupta - Independent Director
- Sh. Subodh Gupta - Independent Director
In Attendance through VC:
- Sh. Gagan Aggarwal - Chief Financial Officer
- Sh. Pardeep Verma - VP-Corporate Affairs & Company Secretary
- Sh. Vishal Arora - Secretarial Auditor and Scrutinizer for remote e-voting and voting at the EGM
Representatives of Statutory and Internal Auditors were also present.
Shareholders Present: 52 shareholders attended through VC/OAVM.
Proceedings Summary
The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and Circulars issued by SEBI, under the applicable provisions of the Companies Act, 2013 and Rules made thereunder.
Members were informed that the facility for appointment of proxies was not applicable as the EGM was held through VC/OAVM. The Company provided remote e-voting facility to members which started at 9:00 AM IST on 2nd August 2026 and concluded at 5:00 PM IST on 4th August 2026.
Sh. Vishal Arora, Company Secretary in practice, was appointed as the Scrutinizer to scrutinize votes cast through e-voting at the EGM and remote e-voting.
Resolutions Passed
Three special resolutions were approved with requisite majority:
1. Issuance of Convertible Warrants: Approval for issuance of up to 70,00,000 fully convertible warrants to an entity belonging to the 'promoter & promoter group' on preferential basis.
2. Re-appointment of Independent Director: Re-appointment of Sh. Rajinder Kumar Gupta (DIN: 09212540) as an independent director for the second term under Section 149 of the Companies Act, 2013.
3. Alteration of Articles of Association: Approval for alteration of Article of Association by substitution of Article 76.
Voting and Q&A Session
All resolutions were approved through remote e-voting and e-voting system during the EGM.
Twelve shareholders registered as speakers at the EGM, with only four speakers present at the meeting. The queries raised were responded to by the Chairman, Sh. N.R. Munjal.
Disclosure Compliance
The disclosure is made in terms of Regulation 30 of the SEBI LODR Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The voting results (remote e-voting and e-voting at the EGM) along with the Scrutinizer's Report will be disseminated to the exchanges and placed on the Company's website in due course.