AGM Details

  • Date: Monday, 10th August 2026
  • Time: 01:00 P.M. (IST)
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Record Date: 31st July 2026
  • Register of Members Closure: Monday, 3rd August 2026 to Monday, 10th August 2026 (both days inclusive)
  • Remote e-Voting Period: Friday, 7th August 2026 at 09:00 A.M. to Tuesday, 9th August 2026 at 05:00 P.M.

Ordinary Business Items

Item No. 1: Adoption of Financial Statements

To consider and adopt the audited financial statements of the Company for the financial year ended 31st March 2026 together with the reports of the Board of Directors and Auditors thereon.

Item No. 2: Re-appointment of Director

Re-appointment of Mr. Arpan Aggarwal (DIN: 00456309) who retires by rotation and offers himself for re-appointment as a Director of the Company.

Item No. 3: Appointment of Statutory Auditors

Appointment of M/s Manish Jain & Associates, Chartered Accountants (FRN: 015608N) as Statutory Auditors of the Company for a term of 5 consecutive years from the conclusion of the 32nd AGM until the conclusion of the 37th AGM, on remuneration to be mutually agreed upon.

Special Business Items

Item No. 4: Re-appointment of Managing Director

Re-appointment of Mr. Bal Aggarwal Kishan (DIN: 00456219) as the Managing Director of the Company for a period of 5 years with effect from 01-10-2026 to 30-09-2031 on remuneration to be decided by the Board.

Item No. 5: Re-appointment of Whole-Time Director

Re-appointment of Mr. Sanil Aggarwal (DIN: 03073407) as the Whole-Time Director of the Company for a period of 5 years with effect from 01-09-2026 to 31-08-2031 on remuneration to be decided by the Board.

Item No. 6: Re-appointment of Whole-Time Director

Re-appointment of Mr. Arpan Aggarwal (DIN: 00456309) as the Whole-Time Director of the Company for a period of 5 years with effect from 21st September 2025 to 20th September 2030 on remuneration to be decided by the Board.

Item No. 7: Change in Director Designation

Change in designation of Mr. Raj Pal Aggarwal (DIN: 00456189) from Whole-Time Director to Non-Executive Director of the Company with effect from 10th August 2026.

Item No. 8: Ratification of Managerial Remuneration

Ratification and approval of the overall managerial remuneration paid to the directors of the Company during Financial Year 2025-26, which may exceed limits prescribed under Section 197 of the Companies Act, 2013.

Financial Performance Context:

  • FY 2024-2025 Net Profit: ₹56,08,482.56 (Rupees Fifty-Six Lakh Eight Thousand Four Hundred Eighty-Two and Paise Fifty Only)
  • FY 2025-2026 Remuneration Paid:
  • Mr. Bal Aggarwal Kishan: ₹12 lakhs per annum
  • Mr. Raj Pal Aggarwal: ₹12 lakhs per annum
  • Mr. Arpan Aggarwal: ₹12 lakhs per annum
  • Mr. Sanil Aggarwal: ₹12 lakhs per annum
  • Previous FY 2024-2025 Remuneration: ₹8.10 lakhs per annum for each director

Item No. 9: Increase in Borrowing Limits

To increase the borrowing limits of the Company to authorize the Board to borrow money up to an aggregate outstanding amount of INR 50 Crore (Indian Rupees Fifty Crore Only) at any point in time.

Item No. 10: Sale of Assets to Related Party

To authorize the Board to sell/transfer/dispose of the Company's Land, Building and Plant & Machinery to related parties for an aggregate consideration of ₹11,00,00,000/- (Rupees Eleven Crore Only) or such higher consideration as determined by an Independent Registered Valuer.

Related Party Details:

  • Proposed purchasers: Mrs. Ankita Aggarwal, Mrs. Ritu Aggarwal, Mr. Arpan Aggarwal, and Mr. Sanil Aggarwal
  • The assets constitute the whole or substantially the whole of the undertaking of the Company
  • Transaction requires approval under Sections 180(1)(a) and 188(1)(b) of the Companies Act, 2013

Item No. 11: Revision in Director Remuneration

To approve revision in remuneration payable to Managing Director and other Directors for the Financial Year 2026-27, which may exceed the overall ceiling of 11% of net profits of the Company.

Director Shareholding Details

  • Mr. Bal Kishan Aggarwal: 8,41,670 Equity Shares (11.79%)
  • Mr. Rajpal Aggarwal: 8,31,130 Equity Shares (11.64%)
  • Mr. Sanil Aggarwal: 3,13,140 Equity Shares (4.39%)
  • Mr. Arpan Aggarwal: 2,11,650 Equity Shares (2.96%)

Voting Arrangements

  • The AGM will be held through VC/OAVM as per MCA Circulars
  • Remote e-voting facility provided through NSDL
  • Scrutinizer: M/s Amit Saxena & Associates, New Delhi
  • Results will be displayed at Registered Office and on company website www.indocotspin.com

Financial Impact Assessment

The disclosure indicates several material financial impacts:

  • Potential cash inflow of approximately ₹11 crore from asset sale
  • Increased borrowing capacity of ₹50 crore
  • Increased director remuneration from ₹8.10 lakh to ₹12 lakh per director per annum
  • Ratification of FY 2025-26 remuneration exceeding statutory limits due to inadequate profits