Meeting Details

The 47th Annual General Meeting (AGM) of Ludlow Jute & Specialities Ltd was held on Friday, September 11, 2026, at 11:30 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at the scheduled time and concluded at 12:32 PM, with e-voting continuing for another 15 minutes thereafter.

Participants

Chairperson: Mr. Ashish Chandrakant Agarwal, Managing Director

Directors Present:

  • Mr. Anand Agarwal, Non-Executive Independent Director and Chairman of the Audit Committee and Board Meeting
  • Mr. Parimal Gunvantrai Ajmera, Non-Executive Independent Director, Chairman of the Nomination & Remuneration Committee
  • Mr. Sanjay Kumar Agarwal, Non-Executive Non-Independent Director, Chairman of Stakeholders Relationship Committee and Corporate Social Responsibility Committee
  • Ms. Sruti Sukul, Non-Executive Non-Independent Director

Other Participants:

  • Mr. Rajesh Kumar Gupta, Chief Financial Officer
  • Ms. Neha Jain, Company Secretary
  • Representative of JKVS & Co., Statutory Auditors & Secretarial Auditor of the Company
  • Mr. Sachin Pilania, Company Secretary (Membership No. A37957 CP No. 14154) appointed as Scrutinizer

Business Transacted

The meeting transacted business as stated in the Notice dated August 12, 2026. Six resolutions were considered:

Ordinary Business:

1. Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2026, and the Reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. Re-appointment of Ms. Sruti Sukul (DIN: 10794840) as Director who retires by rotation (Ordinary Resolution)

Special Business:

3. Re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director (Special Resolution)

4. Amendment of Articles of Association of the Company (Special Resolution)

5. Appointment of Mr. Anand Agarwal as Director Emeritus (Special Resolution)

6. Remuneration of M/s SPK Associates appointed as Cost Accountants of the Company for the financial year 2026-27 (Ordinary Resolution)

Key Announcements

  • The statutory auditors' and secretarial auditors' reports for financial year 2025-26 contained no qualifications, adverse remarks, or reservations.
  • Managing Director Mr. Ashish Chandrakant Agrawal provided an overview of the company's performance for FY 2025-26 and the company's future outlook.
  • The AGM was conducted in compliance with relevant circulars issued by MCA and SEBI, with physical attendance dispensed with.

Voting Process

Remote e-voting commenced on September 8, 2026, at 9:00 AM and ended on September 10, 2026, at 5:00 PM. Members participating in the AGM who had not cast votes by remote e-voting were given facility to cast votes during the AGM through NSDL's e-voting system, which remained open until 12:47 PM.

Shareholder Participation

Thirteen members who had pre-registered as speakers addressed the meeting through VC/OAVM. The Managing Director replied to queries and comments from shareholder speakers.

Result Declaration

Mr. Sachin Pilania was authorized to provide the Consolidated Scrutinizer's Report on Voting Results to Company Secretary Ms. Neha Jain within two working days of conclusion of the AGM. Ms. Neha Jain was authorized to forward voting results along with Scrutinizer's Report to stock exchanges and have them uploaded on the company website (www.ludlowjute.com) and NSDL website.