AGM Details
The 31st Annual General Meeting is scheduled to be held on Wednesday, September 16, 2026 at 11:00 AM IST by physical mode at the Corporate Office of the Company situated at A-1, 3rd Floor, CG Elite Complex, Opposite Mandi Gate, Pandri, Raipur (Chhattisgarh)-492001.
Business Items to be Transacted
Ordinary Business:
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, including Audited Balance Sheet as at March 31, 2026, the Statement of Profit & Loss for the year ended on that date together with the reports of the Board of Directors and Auditors thereon.
2. Director Re-appointment: To appoint a director in place of Mrs. Shakuntala Devi Agrawal (DIN: 01540586), who retires by rotation and being eligible, offers herself for re-appointment as a Non-Executive Director liable to retire by rotation.
Special Business:
3. Payment of Commission: To approve payment of commission to Mrs. Shakuntala Devi Agrawal (DIN: 01540586), Non-Executive Director, for each financial year during her tenure, within the overall limits prescribed under Section 197 of the Companies Act, 2013 (amount to be determined by the Board).
4. Independent Director Re-appointment: To re-appoint Mr. Ashish Dakalia (DIN: 09201624) as an Independent Director for a second term of five consecutive years commencing from October 1, 2026 and ending on September 30, 2031.
5. Borrowing Limits Enhancement: To authorize the Board to borrow money exceeding the aggregate of paid-up share capital, free reserves and securities premium, with total outstanding borrowings not to exceed ₹250,00,00,000 (Rupees Two Hundred Fifty Crore Only) at any point of time.
6. Creation of Security Interests: To authorize the Board to create mortgages, charges, hypothecation, pledges and/or other security interests on company assets for securing borrowings up to an aggregate amount not exceeding ₹250,00,00,000 (Rupees Two Hundred Fifty Crore Only).
Voting Information
- Cut-off Date: Wednesday, September 09, 2026
- Remote e-voting Period: Friday, September 11, 2026 at 11:00 AM to Tuesday, September 15, 2026 at 05:00 PM
- Scrutinizer: M/s. Anil Agrawal & Associates, Practicing Company Secretaries
- Voting Rights: Proportional to shares held as on cut-off date
Director Details
Mrs. Shakuntala Devi Agrawal (DIN: 01540586)
- Designation: Non-Executive Director
- Age: 66 years (Date of Birth: 16/08/1960)
- Qualification: Matriculate
- Shareholding: 29,65,500 shares
- Relationship: Mother of Mr. Ravi Agrawal (Managing Director) and mother-in-law of Mrs. Priti Agrawal (Whole-time Director)
- Current Remuneration: ₹30,000 per month
- Board Meetings Attended (FY 2025-26): 6
Mr. Ashish Dakalia (DIN: 09201624)
- Designation: Independent Director
- Age: 39 years (Date of Birth: 20/07/1987)
- Qualification: Company Secretary, Postgraduate Degree in Law
- Shareholding: NIL
- Current Remuneration: Sitting Fee of ₹90,000 per annum
- Other Directorships: Kalyani Ventures Limited, Rajaram Food Products India Limited
- Board Meetings Attended (FY 2025-26): 6
Additional Information
- The Notice of AGM and Annual Report are available on BSE (www.bseindia.com), NSE (www.nseindia.com) and company website (www.obclimited.com)
- Registrar and Share Transfer Agent: M/s. Bigshare Services Private Limited, Mumbai
- Members can request physical copies of documents if not registered for electronic communication
- Corporate members must submit Board Resolution/Power of Attorney for authorized representatives
Explanatory Statement Highlights
- Mrs. Shakuntala Devi Agrawal's commission payment is in recognition of her contributions as Non-Executive Director
- Mr. Ashish Dakalia meets independence criteria and has made valuable contributions during his first term
- Borrowing limit enhancement required for business expansion, working capital, capex, and refinancing needs
- Security creation authorization needed for securing future borrowings and financial obligations