Paradeep Parivahan Limited held its 26th Annual General Meeting (AGM) on Wednesday, August 26, 2026, at 12:30 PM IST at MAYFAIR Bay Resort, Plot No.47(P) & 56(P), Marine Drive Road, Paradeep, Pin-754142, Odisha, India. The meeting commenced at 12:30 PM and concluded at 2:00 PM.
Directors in Attendance:
- Mr. Pravat Kumar Nandi, Executive Director (elected as Chairperson)
- Mrs. Parbati Priya Nandi, Executive Director
- Mr. Chandra Kanta Prusty, Independent Director
- Mr. Prithvi Ranjan Parhi, Independent Director
- Mr. Ardhendu Shekhar Raut, Independent Director
- Mrs. Bushra Khan, Non-Executive Non-Independent Director
- Mr. Abdul Basith Shaikh, Additional Director
Directors Absent:
- Mr. Khalid Khan, Managing Director & CEO
- Mr. Chandra Kanta Prusty, Independent Director
Key Managerial Personnel Present:
- Mr. Suryasnata Rath, Chief Financial Officer
- CS Usha Rani Ray, Company Secretary & Compliance Officer
Other Invitees:
- Mr. Sumanta Kumar Nayak, RKP Associates (Statutory Auditors)
- CS Biswajit Mahapatra (Secretarial Auditor)
- Mr. Tanmay Nayak, S. Nayak & Co. (Internal Auditors)
- CS Jyotirmoy Mishra, M/s Sunita Jyotirmoy & Associates (Scrutinizer)
The company provided remote e-voting facilities to shareholders from Saturday, August 22, 2026, at 9:00 AM IST to Tuesday, August 25, 2026, at 5:00 PM IST. Physical voting through ballot paper was also available during the AGM.
Business Transacted:
The following resolutions were put to vote:
1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.
2. Ordinary Resolution: To regularize the appointment of Mr. Abdul Basith Shaikh (DIN: 11070576) as an Executive Director of the company.
3. Special Resolution: To consider and approve remuneration payable to Mr. Abdul Basith Shaikh (DIN: 11070576), Executive Director of the Company.
4. Special Resolution: To consider and approve remuneration payable to directors other than Managing Director.
5. Special Resolution: Revision in Terms of Appointment of Managing Director and Executive Directors.
6. Special Resolution: To obtain Approval to Advance any loan/give guarantee/provide security under section 185 of the Companies Act, 2013.
7. Special Resolution: To approve borrowing of funds from banks and financial institutions to an aggregate sum of ₹300 crores (fund and non-fund based).
The Chairman addressed member queries during the meeting, and additional voting time was provided for members who had not voted earlier. The consolidated results of voting and the Scrutinizer's Report will be disseminated to stock exchanges and hosted on the company's website (www.paradeepparivahan.com) and Bigshare's platform.