Meeting Details
The 28th Annual General Meeting was held on Tuesday, September 29, 2026 at 11:00 A.M. through Video Conference (VC). The meeting was conducted in accordance with General Circular No. 20/2020 dated May 05, 2020 (as amended by Circular No. 03/2025 dated September 22, 2025) issued by the Ministry of Corporate Affairs, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024, and other applicable provisions of the Companies Act, 2013.
Meeting Proceedings
The Company Secretary welcomed members, after which Mr. Manish Kiri, Chairman and Managing Director, assumed the chair. After confirming quorum, the Notice of the 28th AGM, Director's Report, Secretarial Auditor's Report, and Statutory Auditors' Report were taken as read. Mr. Manish Kiri briefed members on the company's financials for the year ended March 31, 2026, industry scenario, financial performance, updates on a court case in Singapore, and status of a new venture.
Resolutions Proposed
The following 15 resolutions were put to vote through the e-voting process:
Ordinary Businesses:
1. Ordinary Resolution: To receive, consider and adopt the Audited (Standalone and Consolidated) Financial Statements for the year ended March 31, 2026, with reports of Directors and Auditors
2. Ordinary Resolution: To re-appoint Mr. Manish Kiri (DIN: 00198284) as Director who retires by rotation
Special Business:
3. Ordinary Resolution: To ratify remuneration of Cost Auditors for FY 2026-27
4. Special Resolution: To issue warrants convertible into equity shares on preferential basis to Promoters and Members of Promoter Group
5. Special Resolution: To approve increase in Borrowing Powers under Section 180(1)(c) of Companies Act, 2013
6. Special Resolution: To approve creation of Pledge/Charge/Mortgage/Hypothecation/Assignment on Company assets under Section 180(1)(a)
7. Special Resolution: To approve increase in limits for giving loans, guarantee and providing security under Section 185
8. Special Resolution: To approve increase in limits for loans, guarantee, security and investment under Section 186
9. Ordinary Resolution: To approve Material Related Party Transactions for investment in Indo Asia Copper Limited
10. Ordinary Resolution: To approve Material Related Party Transactions for providing Loans to Indo Asia Copper Limited
11. Ordinary Resolution: To approve Material Related Party Transactions for investment in Kiri Infrastructure Private Limited
12. Ordinary Resolution: To approve Material Related Party Transactions for providing Loans to Kiri Infrastructure Private Limited
13. Ordinary Resolution: To approve Material Related Party Transactions for investment in securities of Kiri Infrastructure Private Limited by Indo Asia Copper Limited
14. Ordinary Resolution: To approve Material Related Party Transactions for investment in securities of Kiri Infrastructure Private Limited by Indoasia Agrotech Fertilizers Limited
15. Ordinary Resolution: To approve Material Related Party Transactions with Lonsen Kiri Chemical Industries Limited
Voting Process and Scrutiny
M/s. RTBR & Associates, Practicing Company Secretaries, acted as scrutinizer to scrutinize the process of remote e-voting and e-voting during the AGM. The combined results of remote e-voting and e-voting during the AGM will be announced separately along with the Scrutinizer's Report as required under Regulation 44(3) of Listing Regulations. The results will be intimated to Stock Exchanges and uploaded on the Company's website and CDSL website.
Compliance Confirmation
The meeting was conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from MCA and SEBI.
Meeting Conclusion
The meeting concluded with a vote of thanks at 12:20 pm.