AGM Details

  • Meeting Date: Wednesday, September 30, 2026
  • Time: 11:00 A.M. (IST)
  • Mode: Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Cut-off date for voting rights: 23rd September, 2026
  • Share transfer book closure: 24th September, 2026 to 30th September, 2026 (both days inclusive)

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon.

2. Appointment of Mr. Sachin Maurya (DIN: 05295874) as Director liable to retire by rotation: Re-appointment of director who retires by rotation and is eligible for re-appointment.

Special Business

3. Regularisation of Mr. Himanshu Suryakantbhai Soni (DIN: 11780618) as Non-Executive Independent Director: Appointment to continue as Non-Executive Independent Director for remaining term of 5 years with effect from 08th July, 2026. He holds a Bachelor's degree in Commerce from Gujarat University with over ten years of experience in accounting, finance, budgeting, and cost management.

4. Regularisation of Ms. Shital Kishorbhai Fumakiya (DIN: 11789489) as Non-Executive Independent Director: Appointment to continue as Non-Executive Independent Director for remaining term of 5 years with effect from 08th July, 2026. She is a qualified Chartered Accountant and proprietor of Shital Fumakiya & Associates with over 10 years of experience in accounting, taxation, audit, financial management and corporate compliance.

5. Appointment of Ms. Simran Mishra (DIN: 11918171) as Director: Appointment as Director not liable to retire by rotation. She was appointed as Additional Director with effect from 29th August, 2026.

6. Appointment of Ms. Simran Mishra as Executive Director designated as "Managing Director": Appointment as Managing Director for 5 years from 29th August, 2026 to 28th August, 2031.

  • Remuneration: Upto ₹6,00,000 (Rupees Six Lakh) per annum
  • Additional benefits: Entitled to reimbursement of actual expenses incurred for entertainment, travelling, boarding, lodging, and other business-related expenditures
  • Remuneration conditions: Total remuneration shall not exceed 5% of net profits for the Managing Director or 10% of net profits for all Managing/Whole-time Directors as per Companies Act, 2013
  • Qualifications: Holds Master of Arts (M.A.) in English Literature from Subharti University and Bachelor of Arts (B.A.) in English Literature from Kalinga University
  • Experience: Over 10 years of experience in Higher Education and EdTech sectors, currently working as Campus Manager at Chandigarh University, Lucknow Campus
  • Replacement: Replaces Mr. Shibhu Maurya who resigned on 29th August, 2026 due to personal reasons

7. Alteration of Object Clause of Memorandum of Association: To add new objects to enable the company to undertake salt manufacturing and trading business:

  • Manufacturing, processing, refining, and dealing in all kinds of salt and salt-based products
  • Establishing salt works, manufacturing units, processing plants, and related facilities
  • Buying, selling, importing, exporting, and trading in various types of salt products
  • The existing objects of the company will be retained

Financial Information

  • FY26 Gross Turnover & other Income: ₹9,945.23 lakh & ₹12.06 lakh
  • FY26 Net Profit after Tax (standalone): ₹265.39 lakh
  • The company has adequate profits and has not defaulted in payment of dues to any bank or financial institution

Voting Arrangements

  • E-voting period: 27th September, 2026 at 09:00 AM to 29th September, 2026 at 05:00 PM
  • E-voting service provider: Purva Sharegistry (India) Private Limited
  • Scrutinizer: Mrs. Alpana Sethia, Practising Company Secretary (Certificate of Practice Number: 5098)
  • Results declaration: Within 48 hours of conclusion of AGM

Additional Information

  • The company is currently engaged in trading of rice, pulses, grains, maize, crude degummed soyabean oil and crude palm oil
  • All relevant documents are available for inspection at the company's registered office
  • The notice and annual report are available on company website www.osivl.com and stock exchange website www.bseindia.com