Meeting Details

The 37th AGM is scheduled to be held on Friday, July 17, 2026 at 11:00 a.m. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting will be conducted virtually in compliance with MCA Circulars and SEBI Circulars.

Ordinary Business Agenda Items

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements (Standalone & Consolidated) for the financial year ended March 31, 2026, along with Reports of Board of Directors and Auditors.

2. Director Re-appointment: To appoint a director in place of Mr. Ajay Kumar Jain (DIN: 01052886), who retires by rotation and being eligible, offers himself for re-appointment.

3. Statutory Auditor Appointment: To appoint M/s. AKGVG & Associates, Chartered Accountants (Firm Registration No. 018598N) as Statutory Auditors for a term of five consecutive years from the conclusion of the 37th AGM until the conclusion of the 42nd AGM in 2031. Remuneration fixed at ₹5,00,000 per annum for FY 2026-27 excluding out-of-pocket expenses and applicable taxes.

Special Business Agenda Items

4. Casual Vacancy Appointment: To approve the appointment of M/s. AKGVG & Associates, Chartered Accountants as Statutory Auditors to fill casual vacancy caused by resignation of M/s. Sen & Ray, Chartered Accountants effective from May 07, 2026. They shall hold office until conclusion of the 37th AGM.

5. Secretarial Auditor Appointment: To appoint M/s. Kuldeep Dahiya & Associates, Company Secretaries as Secretarial Auditors for five consecutive years commencing from conclusion of the AGM until conclusion of the 42nd AGM in 2031. Remuneration fixed at ₹25,000 per annum for FY 2026-27 excluding out-of-pocket expenses and applicable taxes.

6. Cost Auditor Remuneration Ratification: To ratify remuneration of ₹50,000 plus applicable taxes and out-of-pocket expenses payable to M/s. HMVN & Associates, Cost Accountants (ICWAI Registration No. 000290) for conducting cost audit for FY 2026-27.

7. Material Related Party Transactions: To approve material related party transactions with holding company Apollo Pipes Limited with the following maximum values:

  • Purchase of raw materials, consumables, finished goods and capital equipment/assets: ₹75.00 crore
  • Sale of goods (Pipes & Fittings, Tubes & structures etc.): ₹30.00 crore
  • Loan/guarantee/surety/indemnity/comfort letter transactions: ₹200.00 crore
  • Payment of rent for use of Premises of Holding Company: ₹0.12 crore
  • Receipt of rent for leasing of Premises to Holding Company: ₹0.12 crore

Total maximum value: ₹305.24 crore

Apollo Pipes Limited holds 61.94% stake in Kisan Mouldings as of March 31, 2026. The transactions are proposed to be executed over one year in the ordinary course of business on arm's length basis.

8. Management Change: To approve change in designation of Mr. Arun Agarwal (DIN: 10067312) from Non-Executive Non-Independent Director to Managing Director for a period of three years effective from June 01, 2026. Mr. Agarwal will not draw any remuneration from the company and will continue to draw remuneration from Apollo Pipes Limited where he serves as Joint Managing Director.

Financial Performance Context (Annexure-A)

The explanatory statement provides financial performance indicators for context:

  • FY 2025-26: Total Revenue ₹250.07 crore, Total Expenses ₹260.91 crore, PBT (₹7.38) crore, PAT (₹7.38) crore
  • FY 2024-25: Total Revenue ₹273.35 crore, Total Expenses ₹270.37 crore, PBT ₹3.47 crore, PAT ₹3.47 crore
  • FY 2023-24: Total Revenue ₹268.01 crore, Total Expenses ₹301.12 crore, PBT ₹58.23 crore, PAT ₹58.23 crore

Voting Arrangements

The company has appointed M/s. MUFG Intime India Limited as Registrar and Transfer Agents to provide remote e-Voting facility. The remote e-voting period commences on Tuesday, July 14, 2026 at 09:00 a.m. (IST) and ends on Thursday, July 16, 2026 at 05:00 p.m. (IST). The cut-off date for determining voting rights is July 10, 2026.

M/s. Jatin Gupta & Associates, Practicing Company Secretaries have been appointed as Scrutinizer to scrutinize the voting process.

Document Availability

The Notice and Annual Report are being sent electronically to members and are available on the company's website (www.kisangroup.com) and BSE website (www.bseindia.com).