Key Quantitative Figures & Limits

  • Borrowing Limit (Item 14): Approval sought to borrow money up to ₹100 Crore (Rupees Hundred Crores Only), exceeding the aggregate of paid-up capital and free reserves.
  • Charge Creation Limit (Item 13): Approval sought to create charges on assets to secure borrowing up to ₹100 Crore (Rupees Hundred Crores Only).
  • Loans/Guarantees to Entities (Item 15): Approval sought to provide loans, guarantees, or security for loans to subsidiaries/associates/joint ventures/Managing Director up to an aggregate sum of ₹200 Crores (Rupees Two Hundred Crores only).
  • Investments/Loans/Guarantees (Item 16): Approval sought to make investments, give loans, or provide guarantees/securities to any person/body corporate up to ₹200 crores (Rupees Two Hundred Crores only) outstanding at any time, exceeding limits under Section 186 of the Companies Act, 2013.
  • MD Remuneration (Item 5): Proposed remuneration for Mr. Jitendra Kumar Ranka as Chairman & MD is up to ₹24,00,000/- for the period May 25, 2026, to May 24, 2029.
  • Foreign Earnings (Item 5 Expl.): Reported as Rs. 15507.87 lakhs.

Financial Performance (As per Explanatory Statement for Item 5)

| Particulars | FY 24-25 (₹ Lacs) | FY 23-24 (₹ Lacs) | FY 22-23 (₹ Lacs) |

| Operational and other Income | 26,776.06 | 37,465.95 | 43,492.51 |

| Expenditure | (26,442.90) | 37,416.25 | 42,125.52 |

| Profit/(Loss) before Tax. | 201.59 | 49.70 | 1,366.99 |

| Current Tax | 62.15 | 187.21 | 204.82 |

| Deferred Tax Liability / Assets | (8.46) | (193.36) | 201.45 |

| Profit/(Loss) after Tax | 147.89 | 68.20 | 987.09 |

Dates of Action

  • AGM Date: Wednesday, July 15, 2026, at 03:00 p.m. IST.
  • E-Voting Period: Begins Sunday, July 12, 2026, at 09:00 A.M. and ends Tuesday, July 14, 2026, at 05:00 P.M.
  • Record Date/Cut-off Date: Wednesday, July 08, 2026.
  • Register Closure: From Thursday, July 9, 2026, to Wednesday, July 15, 2026 (both days inclusive).
  • Director Appointments Effective From:
  • Mr. Jitendra Kumar Ranka (CMD): May 25, 2026.
  • Mr. Nishant Nathmal Bajaj: May 25, 2026.
  • Ms. Radhika Amit Agarwal: April 22, 2026.
  • Ms. Kinjal Bhavin Gandhi: April 22, 2026.
  • Auditor Term: Proposed reappointment of M/s. J A S S & CO LLP for a second term of 5 years from the conclusion of the 42nd AGM until the conclusion of the 47th AGM.

Parties Involved

  • Stock Exchange: BSE Limited.
  • Statutory Auditors: M/s. J A S S & CO LLP, Chartered Accountants (FRN: W100280).
  • Registrar & Transfer Agent (RTA): M/s. Purva Sharegistry Private Limited.
  • E-Voting Agency: National Securities Depository Limited (NSDL).
  • Scrutinizer: Ms. Komal Birmiwala, Practicing Company Secretary (ACS: 39718 /C.P. No.: 20862).
  • Directors Proposed for Appointment/Re-appointment:
  • Mr. Deep Vikas Shah (Retiring by rotation, seeking re-appointment).
  • Mr. Jitendra Kumar Ranka (Appointment as Chairman & Managing Director).
  • Mr. Nishant Nathmal Bajaj (Regularization as Non-Executive Non-Independent Director).
  • Ms. Radhika Amit Agarwal (Regularization as Non-Executive Independent Director).
  • Ms. Kinjal Bhavin Gandhi (Regularization as Non-Executive Independent Director).

Purpose & Rationale

  • AGM: To transact ordinary and special business as required under the Companies Act, 2013, and SEBI LODR Regulations.
  • Name Change (Item 9): Strategic decision by the new management. The name "Krowniq Limited" is available per MCA's Central Registration Centre letter dated June 09, 2026.
  • Object Clause Alteration (Item 10): To rationalize and expand the main object clause of the Memorandum of Association (MOA) to include broader business activities like acting as a broker, dealer, distributor, manufacturer for packaging products, and direct selling across various goods and services (FMCG, construction materials, packaging, etc.).
  • Re-adoption of MOA & AOA (Items 11 & 12): A strategic decision for prospective restructuring activities.
  • Borrowing & Charging Limits (Items 13 & 14): To meet the company's future business requirements and growth plans.
  • Loans/Investments/Guarantees (Items 15 & 16): To support the business requirements of other companies in the group and for long-term business plans requiring financial dealings with other bodies corporate.

Capital Structure Impact

Disclosure does not mention any immediate change to the share capital. The focus is on approval for potential future borrowing and financial assistance to other entities.

Cash Flow Implications

Financial impact is contingent on future actions approved by the resolutions (e.g., actual borrowing, giving loans/guarantees). The resolutions seek permissions up to specified limits (₹100 Cr for borrowing, ₹200 Cr for loans/guarantees).

Voting Instructions

Detailed instructions are provided for remote e-voting (via NSDL) and for joining the AGM through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting will be held virtually in compliance with MCA and SEBI circulars.