Event Overview

The 37th Annual General Meeting of Kisan Mouldings Limited was held on Friday, July 17, 2026, through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) at 11:00 AM IST.

Meeting Proceedings

The meeting was convened with the following details:

  • Record Date: July 10, 2026
  • Total shareholders on record date: 13,663
  • Shareholders present: 62 (9 Promoters/Promoter Group, 53 Public)
  • All shareholders attended through video conferencing
  • Meeting duration: 11:00 AM to 11:46 AM

Since the Company did not have a Chairman of the Board, the Directors present elected Mr. Arun Agarwal, Managing Director, to act as the Chairman of the Meeting in accordance with Section 104 of the Companies Act, 2013 and the Articles of Association.

Attendees Present

Directors:

  • Mr. Arun Agarwal, Managing Director (Chairman of Meeting)
  • Mr. Rishav Aggarwal, Whole-time Director
  • Mr. Ajay Kumar Jain, Non-Executive Director
  • Mrs. Asha Anil Agarwal, Independent Director and Chairperson of Audit Committee and Stakeholders' Relationship Committee
  • Mr. Abhilash Lal, Independent Director and Chairman of Nomination & Remuneration Committee
  • Mr. H.S.U. Kamath, Independent Director

Other Officials:

  • Mr. Suresh Purohit, Chief Financial Officer
  • Mr. Gaurav Gandhi, representative of M/s. AKGVG & Associates, Chartered Accountants (Statutory Auditors)
  • Mr. Jatin Gupta, Scrutinizer
  • Mr. Ranveer Kumar, Company Secretary

Resolutions Considered

The AGM sought approval for the following eight resolutions:

ORDINARY BUSINESS:

1. Adoption of Standalone & Consolidated Audited Financial Statements for FY ended March 31, 2026, and Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Ajay Kumar Jain (DIN: 01052886) as director retiring by rotation

3. Appointment of M/s. AKGVG & Associates, Chartered Accountants (Firm Registration No. 018598N) as Statutory Auditors

4. Appointment of M/s. AKGVG & Associates to fill casual vacancy as Statutory Auditors

SPECIAL BUSINESS:

5. Appointment of M/s. Kuldeep Dahiya & Associates as Secretarial Auditor

6. Ratification of remuneration payable to Cost Auditors for FY 2026-27

7. Approval of material related party transactions with holding Company Apollo Pipes Limited

8. Change in designation of Mr. Arun Agarwal (DIN: 10067312) from Non-Executive Non-Independent Director to Managing Director

Voting Mechanism

The voting was conducted through:

  • Remote e-voting: July 14, 2026 (9:00 AM IST) to July 16, 2026 (5:00 PM IST)
  • E-voting during the AGM
  • E-voting facility remained open for 15 minutes after conclusion of AGM

Voting Results Summary

  • Total outstanding shares: 119,463,065
  • Total votes polled: 84,168,932 shares (70.456% turnout)
  • All eight resolutions were passed

Detailed Voting Breakdown:

Resolution 1 (Adoption of Financial Statements):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 2 (Re-appointment of Ajay Kumar Jain):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 3 (Appointment of Statutory Auditors):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 4 (Casual vacancy appointment of Auditors):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 5 (Appointment of Secretarial Auditor):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 6 (Ratification of Cost Auditor remuneration):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Resolution 7 (Related party transactions with Apollo Pipes):

  • Promoter group votes (80,502,353 shares) were excluded as interested parties
  • Valid votes considered: 3,666,553 shares
  • Votes in favor: 3,666,553 (100% of valid votes)
  • Votes against: 0

Resolution 8 (Change in designation of Arun Agarwal):

  • Votes in favor: 84,168,906 (100% of votes polled)
  • Votes against: 26 (0.000% of votes polled)

Shareholder Category Breakdown

Promoter and Promoter Group:

  • Shares held: 84,287,623
  • Votes polled: 80,502,353 (95.5091% of shares held)
  • All votes in favor across all resolutions

Public Institutions:

  • Shares held: 1,092,000
  • Votes polled: 0 (0% of shares held)

Public Non-Institutions:

  • Shares held: 34,083,442
  • Votes polled: 3,666,579 (10.7577% of shares held)
  • Votes in favor: 3,666,553 (99.9993% of votes polled)
  • Votes against: 26 (0.0007% of votes polled)

Scrutinizer's Report

CS Jatin Gupta of Jatin Gupta & Associates was appointed as Scrutinizer. The scrutinizer verified:

  • Remote e-voting conducted through MUFG Intime India Private Limited
  • E-voting during the AGM for members who hadn't voted remotely
  • Vote unblocking was witnessed by Ms. Susha Deepak and Mr. Nitin Dawar
  • All voting records will remain with the scrutinizer until handed over to the Chairman

The scrutinizer confirmed all resolutions were passed as proposed.