Meeting Details

  • Date: Monday, 10th August 2026
  • Time: 12:00 PM to 12:45 PM (45 minutes duration)
  • Location: Registered Office of the Company at D-19-20, Panki Industrial Area, Kanpur-208 022
  • Type: 55th Annual General Meeting
  • Members Attended: 36 members personally present
  • Quorum: Requisite quorum under Section 103 of the Companies Act, 2013 was present
  • Chairman: Shri Manoj Agarwal, Chairman Cum Managing Director

Voting Process and Methods

  • The Company provided facility for shareholders to exercise voting rights through electronic voting (remote e-voting) prior to the meeting.
  • For shareholders present at the meeting who had not voted electronically, the Company provided facility for voting through ballot paper.
  • Shareholders who had already cast votes through remote e-voting were not eligible to vote again at the AGM.
  • Voting via ballot paper remained open for 15 minutes after the closure of the meeting.
  • The voting results were to be made available on the company website and stock exchange websites after submission of the scrutinizer's report.
  • Scrutinizer: M/s Adesh Tandon & Associates (also served as Secretarial Auditors)

Proceedings and Resolutions

  • The meeting commenced with an introduction by Company Secretary Mr. Ankur Srivastava explaining the voting process.
  • Chairman Cum Managing Director Mr. Manoj Agarwal delivered a detailed speech covering:
  • FY 2025-26 performance in challenging global environment with Ukraine-Russia conflict and Iran War impacts
  • Strategic exit from CPP (Customized Polypropylene) business in previous fiscal year
  • Raw material procurement strategies to mitigate price fluctuations
  • Fund raising through two preferential warrant issues to reduce debt
  • Export focus: 75% of PP fabric to South America, 72% of FIBCs to Europe
  • FIBC capacity expansion at Unit III progressing as planned
  • New greenfield project in Technical Textiles with two non-woven fabric lines using needle punch technology
  • 50:50 Joint Venture with Essegomma S.p.A. of Italy introducing Taslan yarn technology to India
  • Acquisition of 76.19% stake in Valex Ventures Ltd., a UK-based FIBC distributor
  • Sustainability initiatives: >50% energy from solar power, fully recyclable products, zero liquid discharge facilities
  • The Chairman presented the Annual Report, Directors' Report, and Audited Financial Statements for year ended 31st March 2026.
  • The Auditors' Report was noted to contain no adverse remarks.
  • Deliberations were held with shareholders where queries were answered by the Chairman.
  • All resolutions were put to vote through the combined process of remote e-voting and physical ballot voting.

Compliance Statements

  • The company confirmed compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • All permitted Statutory Registers of the Company were available for inspection by members.
  • The proceedings were uploaded on the company website at www.kanplas.com.

Additional Information

  • Company Business: Manufacturers & Exporters of Flexible Intermediate Bulk Container (FIBC), PP Multifilament Yarn, UV Master Batches, and Fabrics
  • Board Members Present:
  • Mr. Shashank Agarwal, Deputy Managing Director
  • Mr. Sunil Mehta, Executive Director
  • Mrs. Usha Agarwal, Non Executive Director
  • Mr. Sanjeev Singhal, Independent Director and Chairman of the Audit Committee
  • Mr. Dharam Bir Prasad, Independent Director and Chairman of the Stakeholders Relationship Committee
  • Mr. Rajesh Chawla, Independent Director and Chairman of the Nomination and Remuneration Committee
  • Mr. Basant Seth, Independent Director
  • Other Attendees:
  • Statutory Auditors: M/s Rajiv Mehrotra and Associates
  • Secretarial Auditors: M/s Adesh Tandon & Associates
  • CFO: Mr. Shobhit Agarwal