Meeting Details
The 50th Annual General Meeting will be held on Saturday, 8th August 2026 at 10:00 A.M. at the Registered Office of the Company at Gat No. 320, Mouje Agar, Tal. Shirol, Dist. Kolhapur-416103, Maharashtra.
Ordinary Business Agenda
1. To receive, consider and adopt the Audited Financial Statements for the year ended 31st March 2026 and the Board's & Auditor's Reports
2. To declare dividend for the financial year ended 31st March 2026
3. To appoint a Director in place of Mr. Dilip Kulkarni (DIN: 00184727) who retires by rotation and seeks reappointment
4. To appoint a Director in place of Mrs. Prabha Kulkarni (DIN: 00053598) who retires by rotation and seeks reappointment
Special Business Agenda
Item 5: Revision in Commission payable to Managing Director
Special Resolution to approve revision in commission payable to Mr. Dilip Kulkarni, Managing Director, from existing 4% to 10% of net profits of the Company for the remaining term of 1 year (1st April 2026 to 31st March 2027).
Key Terms:
- Commission computed in accordance with Section 198 of Companies Act, 2013
- Effective from 1st April 2026
- Subject to overall limits prescribed under Section 197 of Companies Act 2013 read with Schedule V
- In case of absence or inadequacy of profits: Remuneration payable shall be ₹84.00 lakhs per annum as per Section II of Part II of Schedule V
- Minimum remuneration ceiling: ₹84.00 lakhs per annum
- Supplementary agreement to be entered into with Mr. Dilip Kulkarni
Item 6: Reappointment of Mr. Sanjay Ramakant Buch as Independent Director
Special Resolution to reappoint Mr. Sanjay Ramakant Buch (DIN: 00391436) as Independent Director for a second term of 5 consecutive years from 1st April 2027 to 31st March 2032.
Item 7: Reappointment of Mr. Niraj Shishir Shirgaokar as Independent Director
Special Resolution to reappoint Mr. Niraj Shishir Shirgaokar (DIN: 00254525) as Independent Director for a second term of 5 consecutive years from 1st April 2027 to 31st March 2032.
Item 8: Reappointment of Ms. Rama Sanjay Kirloskar as Independent Director
Special Resolution to reappoint Ms. Rama Sanjay Kirloskar (DIN: 07474724) as Independent Director for a second term of 5 consecutive years from 1st April 2027 to 31st March 2032.
Item 9: Appointment of Dr. Nitin Vikas Pai as Non-Executive Director
Ordinary Resolution to appoint Dr. Nitin Vikas Pai (DIN: 08638303) as Director liable to retire by rotation. He was appointed as Additional Director with effect from 29-05-2026 and holds office up to the date of this General Meeting.
Item 10: Ratification of Remuneration of Cost Auditor
Ordinary Resolution to ratify remuneration of M/s R. C. K & Co. Cost Accountants, Pune (Firm Registration No. 002587) as Cost Auditors for financial year 2026-27. Remuneration to be mutually agreed between the cost auditors and Mr. Dilip Kulkarni, Managing Director.
Record Date and Dividend Information
The Register of Members and Share Transfer Books will remain closed from 1st August 2026 to 8th August 2026 (both days inclusive). Persons whose names appear in the register as on 31st July 2026 will be entitled to payment of dividend for FY 2025-2026.
E-Voting Details
Remote e-voting facility will be available through CDSL from Wednesday, 5th August 2026 at 09:00 A.M. to Friday, 7th August 2026 at 05:00 P.M. Detailed instructions provided for shareholders holding shares in both physical and dematerialized form.
Key Dates
- Record Date: 31st July 2026
- E-voting Period: 5th August 2026 to 7th August 2026
- AGM Date: 8th August 2026
Director Profiles and Remuneration Details
Comprehensive information provided for all directors including qualifications, experience, current remuneration, and terms of appointment in Annexure-A.
Shareholder Information
Detailed instructions provided for proxy voting, e-voting procedures, dividend payment processes, and requirements for shareholders holding physical shares to convert to dematerialized form.
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