Meeting Details
- Meeting Type: 18th Annual General Meeting
- Date: Tuesday, September 29, 2026
- Time: 10:00 a.m. (IST)
- Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Deemed Venue: Registered Office at 'KP House', Near KP Circle, Opp. Ishwar Farm Junction BRTS, Canal Road, Bhatar, Surat 395017, Gujarat
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt audited standalone and consolidated financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors.
2. Confirmation of Interim Dividend: To confirm payment of Interim Dividend at ₹0.65 per equity share declared during FY25-26.
3. Declaration of Final Dividend: To declare final dividend of ₹0.40 per equity share (including special dividend of ₹0.15 per share) for FY ended March 31, 2026.
4. Reappointment of Director: To reappoint Mrs. Bhadrabala Dhimantrai Joshi (DIN: 07244587) who retires by rotation.
5. Appointment of Statutory Auditors: To appoint M S K C & Associates LLP (FRN: 001595S/S000168) as Statutory Auditors for 5 years from conclusion of 18th AGM till 23rd AGM at remuneration of ₹52.25 lakhs for FY26-27 plus applicable taxes.
Special Business
6. Reappointment of Independent Director: To reappoint Mr. Sharadchandra Patil (DIN: 09345575) as Non-Executive Independent Director for second term of 5 years from October 6, 2026 to October 5, 2031.
7. Appointment of Vice Chairman: To appoint Prof. Sunil Kumar Maheshwari (DIN: 02317160) as Non-Executive Non-Independent Director designated as Vice Chairman with effect from July 3, 2026.
8. Remuneration to Non-Executive Directors: To approve payment of remuneration not exceeding 1% of net profits per annum to Non-Executive Directors including Independent Directors for 3 years from FY2027, with minimum remuneration limits as per Schedule V in case of inadequate profits.
9. Ratification of Cost Auditor Remuneration: To ratify remuneration of ₹45,000 plus applicable taxes to M/s. V. M. Patel & Associates, Cost Accountants (FRN: 101519) for FY26-27 cost audit.
Voting Process and Methods
- Voting Methods: Remote e-voting and e-voting on meeting date through VC/OAVM
- E-voting Agency: Central Depository Services (India) Limited (CDSL)
- Remote e-voting Period: Saturday, September 26, 2026 (9:00 a.m.) to Monday, September 28, 2026 (5:00 p.m.)
- Cut-off Date: Tuesday, September 22, 2026 (record date for voting eligibility)
- Scrutinizer: Mr. Chirag Shah and failing him Mr. Raimeen Maradiya of M/s. Chirag Shah and Associates, Practising Company Secretaries
Key Financial Information (FY25-26)
Standalone Financials:
- Revenue from Operations: ₹198,949.65 lakhs
- Profit Before Tax: ₹53,495.50 lakhs
- Profit After Tax: ₹39,272.86 lakhs
- EPS (Basic): ₹19.90
Consolidated Financials:
- Revenue from Operations: ₹269,590.99 lakhs
- Profit Before Tax: ₹69,090.95 lakhs
- Profit After Tax: ₹50,923.78 lakhs
- EPS (Basic): ₹24.13
Compliance with Laws and Regulations
The notice confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- MCA Circulars Nos. 14/2020, 17/2020, 20/2020, and 3/2025
- Secretarial Standard-2 on General Meetings issued by ICSI
- SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020
Additional Information
- The AGM is being held through VC/OAVM without physical presence pursuant to MCA circulars
- Proxy facility not available for this VC/OAVM meeting
- Body corporates may appoint authorized representatives
- Attendance through VC/OAVM will be counted for quorum under Section 103 of Companies Act
- Members can join meeting 15 minutes before scheduled time on first-come-first-served basis (1,000 member limit, excluding large shareholders, promoters, institutions, directors, KMPs, committee chairpersons, auditors)
- Notice and annual report sent electronically to members with registered email addresses
- Physical copies available on request to cs@kpgroup.co