Panama Petrochem Limited submitted proceedings of its 44th Annual General Meeting (AGM) along with the Scrutinizer's Report pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015.

The 44th AGM was held on Monday, August 24, 2026 at 11:30 A.M. (IST) through Video Conferencing or Other Audio-Visual Means. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Mr. Arif Rayani, Chairman of the Board, chaired the meeting. The Chairman welcomed members and introduced the Directors, Chief Financial Officer, Company Secretary, Statutory Auditor, and Secretarial Auditor present through video conferencing. The requisite quorum was present at the meeting.

The Chairman informed members that the Statutory Auditors Report on the financial statements and the Secretarial Auditors Report for the financial year 2025-26 were unqualified. The notice convening the meeting, Statutory Auditors Report, and Secretarial Audit Report were taken as read with members' permission.

All resolutions were put to vote during the remote e-voting period, and no motions were moved during the meeting. Shareholders were provided the facility to ask questions or express their views, and clarifications were provided to queries raised.

The meeting concluded at 12:25 P.M.

Voting Results

Milind Nirkhe & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer for the remote e-Voting and voting through electronic voting system. The remote e-Voting commenced on Friday, August 21, 2026 at 9:00 A.M. and ended on Sunday, August 23, 2026 at 5:00 P.M. The cut-off date for determining members entitled to vote was Monday, August 17, 2026.

Item No. 1: Adoption of Audited Financial Statements

  • Resolution Type: Ordinary
  • Number of members voted: 76
  • Number of valid votes cast: 35,813,004
  • Members voted in favor: 74
  • Votes in favor: 35,812,993 (100%)
  • Members voted against: 2
  • Votes against: 11 (0%)
  • Result: Passed with requisite majority

Item No. 2: Declaration of Dividend on Equity Shares for FY26

  • Resolution Type: Ordinary
  • Number of members voted: 77
  • Number of valid votes cast: 35,825,950
  • Members voted in favor: 75
  • Votes in favor: 35,825,939 (100%)
  • Members voted against: Not specified
  • Votes against: 11 (0%)
  • Result: Passed with requisite majority

Item No. 3: Re-appointment of Mr. Arif Rayani (DIN: 00245647)

  • Resolution Type: Ordinary
  • Number of members voted: 77
  • Number of valid votes cast: 35,825,950
  • Members voted in favor: 72
  • Votes in favor: 35,803,383 (99.94%)
  • Members voted against: 5
  • Votes against: 22,567 (0.06%)
  • Result: Passed with requisite majority

Item No. 4: Ratification of Remuneration to Cost Auditors for FY27

  • Resolution Type: Ordinary
  • Number of members voted: 77
  • Number of valid votes cast: 35,825,950
  • Members voted in favor: 74
  • Votes in favor: 35,824,439 (100%)
  • Members voted against: 3
  • Votes against: 1,511 (0%)
  • Result: Passed with requisite majority

All resolutions were deemed passed as of August 24, 2026. The electronic records containing details of members who voted in favor, against, and those whose votes were declared invalid have been provided to the company.