Date, Location, and Type of Meeting

The 44th Annual General Meeting (AGM) of Mangalam Organics Limited was held on Thursday, September 24, 2026, from 3:00 p.m. IST to 4:30 p.m. IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with circulars from the Ministry of Corporate Affairs (MCA) and SEBI. The deemed venue was the Registered Office of the Company at Village Kumbhivali, Savroli-Kharpada Road, Khalapur – 410202, Dist. Raigad, Maharashtra.

Summary of Proposed Resolutions

The following eight resolutions, as set out in the AGM notice, were placed before members for approval:

1. To receive, consider, and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.

2. To appoint a Director in place of Mr. Kamalkumar Dujodwala (DIN: 00546281), who retires by rotation and sought re-appointment.

3. To ratify the remuneration payable to the Cost Auditor appointed for the Financial Year 2026-27 under Section 148 of the Companies Act, 2013.

4. To approve existing and new material related party transactions with Mangalam Brands Private Limited, a material unlisted subsidiary.

5. To approve the borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013.

6. To approve the creation of charge, mortgage, and/or hypothecation on the Company's assets under Section 180(1)(a) of the Companies Act, 2013.

7. To approve an increase in the limits for investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013.

8. To appoint M/s. JMT & Associates, Chartered Accountants (Firm Registration No. 104167W), as Statutory Auditors of the Company.

Voting Process and Methods

The remote e-voting facility was provided by MUFG Intime India Private Limited and was available from 9:00 a.m. IST on September 21, 2026, until 5:00 p.m. IST on September 23, 2026. Members who had not voted remotely were provided an opportunity to cast their votes electronically during the AGM through an Instapoll facility. The practice of proposing and seconding resolutions was not followed due to the virtual format.

Key Meeting Attendees and Proceedings

The meeting was chaired by Mr. Kamalkumar Dujodwala, Chairman and Executive Director. The Company Secretary, Ms. Charmi Shah, confirmed a quorum was present, with 54 members attending via VC out of a total of 14,874 shareholders as of the cut-off date (September 17, 2026).

The following Directors were present:

  • Mr. Kamalkumar Dujodwala, Chairman and Executive Director
  • Mr. Pannkaj Dujodwala, Managing Director
  • Mrs. Manisha Agarwal, Independent Woman Director
  • Mr. Sanjay Bhiva Kadam, Independent Director and Non-Executive Director
  • Mr. Mahesh Lahurao Navathar, Executive Director at Works
  • Mr. Sudarshan Kumar Saraf, Independent Director and Non-Executive Director

Other officials and professionals in attendance included the CEO, CFO, Company Secretary, Internal Auditor, Statutory Auditors from M/s. NGST & Associates and M/s. JMT & Associates, and the Scrutinizer.

The Chairman addressed the members on the industry scenario, growth outlook, company operations, and future plans. It was noted that the Statutory Auditors' Report and Secretarial Audit Report contained no qualifications or adverse remarks. A moment of silence was observed for the recently deceased Non-Executive Independent Director, Mr. Sidharath Singh Sekhon.

Scrutinizer's Role

Mr. Yogesh Sharma, Proprietor of M/s. Yogesh Sharma & Co., was appointed as the Scrutinizer to scrutinize the remote e-voting and e-voting process at the AGM in a fair and transparent manner.

Compliance Statement

The meeting was conducted in compliance with the applicable circulars issued by the MCA and SEBI. The company confirmed that all feasible steps were taken to enable member participation and voting. The consolidated results of the voting and the Scrutinizer's Report were to be intimated to the stock exchanges and placed on the company's website and the website of MUFG Intime India Private Limited as per regulations.