Maxgrow India Limited held its Annual General Meeting (AGM) on Monday, 01st June, 2026 at 11:00 A.M at Suchita Business Park, Ground Floor, Office No. UG-50, Y. G. Seth Marg, Ghatkopar East, Mumbai-400075.

Mr. Laxman Medudula served as Chairman of the Meeting. A total of 24 Members attended the Meeting in person, and the requisite quorum was present.

The Chairman provided background on the Company's Corporate Insolvency Resolution Process (CIRP) initiated pursuant to the order of the Hon'ble National Company Law Tribunal, Mumbai Bench dated June 04, 2021 under the provisions of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan submitted by PP Metallix Limited was approved by the Committee of Creditors and sanctioned by the Hon'ble NCLT on December 06, 2023. An Implementation and Monitoring Agency (IMA) was constituted for implementation of the approved Resolution Plan.

Due to the CIRP and related regulatory constraints, the Company could not conduct its Annual General Meetings and certain statutory compliances within prescribed timelines. Following successful implementation of the Resolution Plan and reconstitution of the Board of Directors, the Company undertook regularization of all pending statutory compliances.

The AGM was convened to present Audited Financial Statements and related reports for five financial years: March 31, 2021, March 31, 2022, March 31, 2023, March 31, 2024 and March 31, 2025.

The new management has taken steps toward strengthening corporate governance practices, enhancing internal controls, improving compliance systems and identifying sustainable business opportunities for revival and growth.

Remote e-voting facility was provided through MUFG Intime India Private Limited during the prescribed period prior to the AGM. Members who had not cast votes through remote e-voting were provided facility to vote through Polling Papers at the AGM.

Business Transacted

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements and Auditor's Reports for FY ended March 31, 2021 (Ordinary Resolution)

2. Adoption of Audited Standalone Financial Statements and Auditor's Reports for FY ended March 31, 2022 (Ordinary Resolution)

3. Adoption of Audited Standalone Financial Statements and Auditor's Reports for FY ended March 31, 2023 (Ordinary Resolution)

4. Adoption of Audited Standalone Financial Statements and Auditor's Reports for FY ended March 31, 2024 (Ordinary Resolution)

5. Adoption of Audited Standalone Financial Statements and Auditor's Reports for FY ended March 31, 2025 (Ordinary Resolution)

6. Appointment of M/s. R. B. Jain & Associates as Statutory Auditor and fixing their remuneration (Ordinary Resolution)

Special Business:

7. Appointment of Secretarial Auditors and fixing their remuneration (Ordinary Resolution)

8. Appointment of Ms. Pooja Pravin Keer as Independent Director (Ordinary Resolution)

9. Appointment of Mr. Laxman Medudula as Independent Director (Ordinary Resolution)

10. Appointment of Mr. Amarjit Kumar Shrivastav as Independent Director (Ordinary Resolution)

11. Appointment of Mr. Guda Rakesh as Director (Non-Executive & Non-Independent) (Ordinary Resolution)

12. Appointment of Mr. Shivkumar Ramsagar Pasi as Managing Director and fixation of remuneration (Special Resolution)

The combined voting results of remote e-voting and polling at AGM will be announced upon receipt of Scrutinizer's Report and submitted to BSE Limited within prescribed timelines. The meeting concluded at 11:55 A.M.