Kotyark Industries 10th AGM Notice and Resolutions
AGM / EGM
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31st Jul 2026
Meeting Details
- Date: Saturday, August 22, 2026
- Time: 11:30 AM IST
- Mode: Video Conference (VC) or Other Audio Visual Means (OAVM)
- Record Date: August 15, 2026 (for dividend entitlement and voting)
E-Voting Details
- Service Provider: National Securities Depository Limited (NSDL)
- Voting Period: August 19, 2026 (9:00 AM) to August 21, 2026 (5:00 PM)
- Cut-off Date: August 15, 2026 for determining voting rights
Ordinary Business Resolutions
1. Adoption of Audited Standalone Financial Statements
- For financial year ended March 31, 2026
- Includes reports of Board of Directors and Statutory Auditors
- Ordinary Resolution required
2. Adoption of Audited Consolidated Financial Statements
- For financial year ended March 31, 2026
- Includes report of Statutory Auditors
- Ordinary Resolution required
3. Declaration of Final Dividend
- ₹5.00 per equity share of face value ₹10 each
- Total payout: ₹5,13,95,580 (Five Crore Thirteen Lakh Ninety-Five Thousand Five Hundred Eighty Only)
- Covers 1,02,79,116 equity shares
- Payment subject to bonus share adjustment: Members approved 10:1 bonus issue via postal ballot on June 15, 2026
- If bonus shares allotted before dividend payment, per-share dividend will be proportionately adjusted while maintaining aggregate payout
- Record Date: August 14, 2026
- Payment within 30 days of AGM conclusion (by September 21, 2026)
- TDS applicable as per Finance Act 2020
4. Re-appointment of Mrs. Dhruti Mihir Shah
- Whole Time Director (DIN: 07664924)
- Retiring by rotation, eligible for re-appointment
- Qualifications: M.Com, MBA
- Experience: 12 years in industry
- Current holding: 10,51,534 equity shares
- Current remuneration: ₹4,00,000 per month
- Previously appointed for 5-year term until August 8, 2031 in 9th AGM
- Ordinary Resolution required
5. Appointment of Statutory Auditors
- M/s. Talati & Talati LLP, Chartered Accountants (Firm Registration No. 110758W/W100377)
- Replacing M/s. Manubhai & Shah LLP who completed 2-year term and declined re-appointment due to logistical constraints
- Term: From conclusion of 10th AGM until conclusion of 11th AGM
- Remuneration to be determined by Board based on Audit Committee recommendation
- Ordinary Resolution required
6. Ratification of Secretarial Auditor Appointment
- M/s. Mittal V. Kothari & Associates, Practicing Company Secretaries (COP No. 17202)
- Appointment already approved via postal ballot on April 23, 2026
- Term: 5 consecutive financial years from FY 2025-26 to FY 2029-30
- Remuneration to be mutually agreed
- Ordinary Resolution required for ratification
Special Business Resolutions
7. Loans/Guarantees/Security under Section 185
- Special Resolution for providing loans/guarantees/security to subsidiaries, associates, JVs, or group entities
- Aggregate limit: ₹250 crore at any point
- For financial year 2026-27 and thereafter
- To be utilized for principal business activities of borrowing entities
8. Investments/Loans/Guarantees under Section 186
- Special Resolution for making investments, giving loans, providing guarantees/security
- Aggregate limit: ₹500 crore
- May exceed limits prescribed under Section 186 of Companies Act, 2013
9. Borrowing Limits under Section 180(1)(c)
- Special Resolution for borrowing money exceeding paid-up capital and free reserves
- Aggregate borrowing limit: ₹750 crore
- Includes loans from banks, FIs, body corporates, commercial papers, debentures, etc.
- In rupees or foreign currencies
10. Creation of Charges under Section 180(1)(a)
- Special Resolution for creating mortgages, charges, hypothecation on company properties
- To secure borrowings up to limits approved under Resolution 9
- May cover whole or substantially whole of company undertakings
11. Related Party Transactions with Kotyark Bio Specialities Limited
- Ordinary Resolution for material RPTs with subsidiary company
- Aggregate value not exceeding ₹250 crore during FY 2026-27
- Transactions include sale/purchase of goods (₹80 crore each), loans/advances (₹80 crore), services (₹5 crore), other transactions (₹5 crore)
- Kotyark Bio Specialities Limited is 81.63% subsidiary
- FY 2025-26 financials: Turnover ₹51.63 crore, PAT ₹3.24 crore, Net Worth ₹22.76 crore
- Previous year transactions: Sales ₹4.53 crore, Purchases ₹28.73 crore, Loans ₹2.35 crore, Interest ₹0.9 crore
- Transactions to be on arm's length basis
- Related parties to abstain from voting
12. Remuneration of Related Party Mr. Brijkumar Gaurang Shah
- Ordinary Resolution for remuneration revision for Chief Production Executive
- Related to Chairman cum Managing Director (son of Gaurang R. Shah)
- New remuneration: Not exceeding ₹42,00,000 per annum (₹3,50,000 per month)
- Effective from conclusion of 10th AGM until conclusion of 11th AGM
- Current remuneration: ₹4,00,000 per month
Important Notes
- AGM conducted through VC/OAVM as per MCA Circular No. 09/2024 and SEBI Circular dated October 3, 2024
- No physical proxy facility available
- Attendance through VC/OAVM counted for quorum purposes
- Notice available on company website (www.kotyark.com) and exchange websites
- Questions from shareholders must be submitted by August 14, 2026, to info@kotyark.com
Dividend Information
- Record Date: August 14, 2026
- Payment through electronic mode where bank details available
- TDS applicable as per Income Tax Act
- Form 15G/15H to be submitted by August 15, 2026 for non-deduction
- Non-resident shareholders must submit tax documents by August 15, 2026 for treaty benefits