Meeting Details

  • Date: Saturday, 26th September, 2026
  • Time: 10.30 AM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI circulars
  • Type: 19th Annual General Meeting
  • Cut-off Date: 19th September, 2026 to determine eligibility for voting

Summary of Proposed Resolutions

Ordinary Business:

1. Adoption of Financial Statements: Resolution to adopt audited standalone and consolidated financial statements for FY ended 31st March, 2026, along with reports of Board of Directors and Auditors.

2. Re-appointment of Director: Mr. Rajesh Cherukuri (DIN: 09840611) retires by rotation and offers himself for re-appointment.

Special Business:

3. Re-appointment of Whole-Time Director: Mrs. Malathi Siripurapu (DIN: 03033944) as Whole-Time Director for 3 years from 17 March 2027 to 16 March 2030 with maximum remuneration of ₹3,00,00,000 per annum.

4. Re-appointment of Whole-Time Director: Mr. Rajesh Cherukuri (DIN: 09840611) as Whole-Time Director for 3 years from 2nd April 2027 to 1st April 2030.

5. Re-appointment of Independent Director: Mr. Ramesh Babu Nemani (DIN: 08089820) as Non-Executive Independent Director for second term of 5 years from 23rd March 2027 to 22nd March 2032.

6. Ratification of Cost Auditor Remuneration: M/s M P R & Associates (Firm Reg. No. 000413) appointed as Cost Auditor for FY26-27 at remuneration of ₹1,00,000 plus applicable taxes and out-of-pocket expenses.

7. Approval of Material Related Party Transactions: For FY26-27 with related parties including maximum limits: Nova Agri Sciences Private Limited (₹120.25 lakh), Nova Agri Seeds India Private Limited (₹30.10 lakh), Suraksha Agri Retails India Private Limited (₹50.00 lakh), and Zeit Systems (₹40.00 lakh).

8. Approval of Material Related Party Transactions of Material Subsidiaries: For FY26-27 with similar thresholds as resolution 7.

Voting Process and Methods

  • E-voting Period: Wednesday, 23rd September 2026 at 9:00 AM to Friday, 25th September 2026 at 5:00 PM
  • Service Provider: Central Depository Services (India) Limited (CDSL)
  • Methods:
  • Individual shareholders in demat mode: Vote through CDSL/NSDL systems using demat account credentials
  • Physical shareholders and non-individual shareholders: Vote through CDSL e-Voting system at www.evotingindia.com
  • VC/OAVM Participation: Members can join meeting 15 minutes before scheduled time through VC facility provided by CDSL

Scrutinizer Appointment

  • Name: Mr. M Ramana Reddy, Practicing Company Secretary (CP No. 18415)
  • Appointment Date: Board Meeting held on 14th August, 2026
  • Role: Scrutinize e-Voting process and voting at AGM in fair and transparent manner
  • Report Timeline: Scrutinizer's report to be submitted within two working days of AGM conclusion

Compliance Statements

  • The meeting is conducted in compliance with MCA Circulars including General Circular No. 09/2023 dated 25 September 2023 and SEBI (LODR) Regulations, 2015.
  • The notice is being made available on company website (www.novaagri.in) and CDSL e-Voting website (www.evotingindia.com).
  • All related parties shall abstain from voting on resolutions 7 and 8 pursuant to Regulation 23 of SEBI LODR Regulations.

Additional Information

  • Financial performance highlights provided for director appointments:
  • FY25-26: Total Revenue ₹8,241.09 lakh, Net Profit ₹402.03 lakh, EPS ₹0.59
  • FY24-25: Total Revenue ₹17,018.70 lakh, Net Profit ₹1,646.80 lakh, EPS ₹1.84
  • FY23-24: Total Revenue ₹18,007.28 lakh, Net Profit ₹1,853.12 lakh, EPS ₹2.76
  • Foreign investment details: 2 FPIs (0.19% holding) and 327 NRIs (0.75% holding)
  • Contact details provided for company, RTA (Bigshare Services Private Limited), e-Voting agency (CDSL), and scrutinizer