Indo Gulf Industries Limited has issued notice for its 43rd Annual General Meeting (AGM) to be held on Wednesday, September 30, 2026, at 11:00 AM through Video Conferencing/Other Audio Visual Means facility in compliance with MCA circulars.

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors.

2. Director Reappointment: To appoint Mr. Rajesh Jain as Director who retires by rotation under Section 152 of Companies Act, 2013 and being eligible offers himself for re-appointment.

Special Business

3. Material Related Party Transaction with Ganesh Explosives: Approval sought for Material Related Party Transactions with Ganesh Explosives Private Limited (Holding Company) for an aggregate value not exceeding ₹17,00,00,000 (Seventeen Crore) during FY 2026-27. Transactions include unsecured loan (up to ₹13 crore), leasing of trucks, and sale/purchase of ammonium nitrate (up to ₹4 crore). These represent approximately 6% of the company's annual consolidated turnover. Transactions to be conducted on arm's length basis in ordinary course of business.

4. Material Related Party Transaction with Rajesh Explosives: Approval sought for Material Related Party Transactions with Rajesh Explosives Private Limited (entity under same management) for an aggregate value not exceeding ₹2,00,00,000 (Two Crore) during FY 2026-27. Transactions limited to leasing of trucks at ₹2,00,000 per month. These represent approximately 0.01% of the company's annual consolidated turnover. Transactions to be conducted on arm's length basis in ordinary course of business.

5. Ratification of Cost Auditor Remuneration: To ratify remuneration of ₹60,000 plus GST and out-of-pocket expenses payable to M/s. Gautam Chhetri & Co., Cost Accountants, for conducting cost audit for year ending March 31, 2027.

6. Appointment of Managing Director: To appoint Mr. Arjun Singh Bhandari (DIN: 11106494) as Director and redesignate him as Managing Director for five years commencing September 30, 2026 to September 29, 2031. Key terms:

  • Not entitled to any salary, commission, bonus, perquisites or other remuneration
  • Entitled to sitting fees for Board and Committee meetings
  • Entitled to reimbursement of reasonable and actual out-of-pocket expenses
  • 50 years old, MBA qualified, first appointed to Board on July 17, 2026
  • No shareholding in company, no relationship with other Directors/KMP

Voting Arrangements

  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for membership: August 21, 2026
  • Scrutinizer: CS Sameer Kishor Bhatnagar (CP No. 13115)
  • Voting facility provided by Central Depository Services (India) Limited

Document Availability

  • Notice and Annual Report 2025-26 available on company website: www.indogulf.in
  • Documents available for electronic inspection without fee from notice date until AGM date