Nature of the Event

The document is the official minutes of the 89th Annual General Meeting (AGM) of Khaitan (India) Limited, held virtually on 25 September 2026.

Meeting Details

The 89th AGM was held on Friday, 25 September 2026 through Video Conferencing (VC) / Other Audio Visual Means (OAVM) and was deemed to be held at the company's registered office at 46C, J.L. Nehru Road, Kolkata 700 071.

The meeting commenced at 11:30 A.M. and concluded at 12:10 P.M.

Attendees

Directors and KMP Present:

  • Mr. Sunay Krishna Khaitan - Whole Time Director and Chairman, Chairman of Independent Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee
  • Mr. Gopal Mor - Independent Director
  • Mrs. Pooja Kalanouria - Independent Director
  • Mrs. Ayushi Khaitan - Independent Director
  • Mr. Sumit Pasari - Chief Financial Officer

Auditors and Scrutinizer Present:

  • Mr. Gouri Shanker Mishra - Scrutinizer
  • Mr. V.P. Rajeev - Secretarial Auditor

The Statutory Auditor, Mr. Biswajit Datta (Partner at M/S. K.C. Bhattacherjee and Paul), was absent due to a personal emergency, which was approved by the Chairman.

Shareholders: 108 members attended through video conferencing.

Voting Process and Scrutinizer Appointment

The company provided a remote e-voting facility through CDSL (Central Depository Services (India) Limited) from Tuesday, 22 September 2026 at 9:00 A.M. to Thursday, 24 September 2026 at 5:00 P.M. (IST).

Facility for e-voting during the meeting was also available through CDSL for members who had not cast their vote through remote e-voting earlier. This venue voting was available up to 30 minutes after the conclusion of the meeting.

Mr. Gouri Shankar Mishra, Partner at BGSMISHRA & Associates Company Secretaries LLP, was appointed as the Scrutinizer to scrutinize the remote e-voting and voting during the AGM.

The Scrutinizer was to submit a report within two working days of the conclusion of the meeting.

Business Transacted and Resolutions Passed

Two items of business from the AGM Notice dated 29 August 2026 were transacted:

Item No. 1 - Ordinary Business (Ordinary Resolution):

To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2026 together with the report of the Auditors and Directors thereon.

The resolution was: "RESOLVED THAT the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended 31 March 2026, together with Auditors Reports and Report of Board of Directors thereon, as circulated to the Members, be and are hereby considered, approved and adopted."

Item No. 2 - Special Business (Special Resolution):

Re-appointment of Mr. Gopal Mor (DIN: 00555282) as Independent Director for a second term.

His proposed second term was from 1 October 2026 to 30 September 2031. The resolution stated he would not be liable to retire by rotation during this term and that he meets the criteria for independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.

The resolution was: "RESOLVED THAT pursuant to the provisions of Section 149, 150 and 152 read with Schedule IV and any other applicable provisions of the Companies Act, 2013 ('the Act') and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the approval of the Members of the Company be and is hereby accorded for the re-appointment of Mr. Gopal Mor (DIN: 00555282) as Independent Director of the Company for second term... to hold office for a further period of 5 (Five) years with the term ending on 30 September 2031."

Chairman's Address and Shareholder Interaction

The Chairman delivered a speech covering the company's performance during FY 2025-26, future outlook, financial highlights, management initiatives, suspension of the Sugar Division, expansion in Electrical Goods, investor-friendly initiatives, and compliance status.

14 members had registered to speak at the AGM, and 10 speaker shareholders presented their queries and observations, which were addressed by the management. Queries received in advance were also placed before the meeting and responded to.

Voting Results

The Scrutinizer's consolidated report was received on the same day (25 September 2026). Both resolutions were duly passed.

Resolution 1 - Adoption of Financial Statements (Ordinary Resolution):

  • Total Valid Votes: 2,784,950 shares
  • Votes in Favor: 2,784,136 shares (99.97%)
  • Votes Against: 814 shares
  • Number of Members Voting in Favor: 144

Resolution 2 - Re-appointment of Mr. Gopal Mor (Special Resolution):

  • Total Valid Votes: 2,784,350 shares (calculated from details provided)
  • Votes in Favor: 2,784,135 shares (99.97%)
  • Votes Against: 215 shares
  • Number of Members Voting in Favor: 143

Other Information

The results along with the Scrutinizer's report were to be placed on the company's website and provided to CDSL and Stock Exchanges.

The minutes were signed by Mr. Sunay Krishna Khaitan, Chairman, in Kolkata.