Meeting Details
- Date: September 29, 2026
- Time: Commenced at 16:30 hours (IST), concluded at 18:51 hours (IST)
- Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without physical presence of members
- Type: 34th Annual General Meeting
Proposed Resolutions and Implications
The following business items from the Notice of AGM dated May 7, 2026 were transacted:
1. Ordinary Resolution: Approval for dividend on equity shares at the rate of 11% i.e. ₹1.10 per equity share for the financial year ended March 31, 2026
2. Ordinary Resolution: Re-Appointment of Mr. Devendra Shah as a Director liable to retire by rotation
3. Ordinary Resolution: Ratification of Remuneration to Cost Auditors for FY 2026-27
4. Ordinary Resolution: Approval for remuneration of Mr. Poojan Shah (General Manager - Business Operations) appointed to an office or place of profit
5. Ordinary Resolution: Approval for remuneration of Mr. Stavan Shah (General Manager - International & Ingredient Business) appointed to an office or place of profit
Voting Process and Methods
- Remote e-Voting Period: September 26, 2026 (09:00 IST) to September 28, 2026 (17:00 IST)
- Service Provider: National Securities Depository Limited (NSDL)
- Meeting Voting: Members attending the AGM who did not cast votes through remote e-Voting were provided opportunity to vote through NSDL's electronic voting platform after conclusion of the meeting
- Scrutinizer: Mr. Bhaskar Upadhyay, Partner of M/s. N. L. Bhatia & Associates, Practicing Company Secretaries appointed to scrutinize both remote e-Voting and e-voting at the AGM
Key Voting Outcomes
Note: Specific voting results and percentages are not provided in this document. The scrutinizer's report containing combined results of remote e-Voting and voting at the meeting will be disseminated to stock exchanges and uploaded on the company's website.
Scrutinizer's Role and Findings
The scrutinizer was appointed to:
- Scrutinize all votes cast through remote e-Voting and at the AGM
- Hand over the combined report on voting within two working days of conclusion of the AGM
- The final results will include both remote e-voting and meeting e-voting combined
Compliance Confirmation
The meeting was conducted in compliance with:
- Circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)
- Companies Act, 2013
- SEBI Listing Regulations
- Dividend payment will be processed in electronic mode only as per SEBI (LODR) Fifth Amendment Regulations, 2025
Attendees and Participants
Board Members Present: All directors attended through video conferencing
Management Present:
- Mr. Devendra Shah (Chairman)
- Ms. Akshali Shah (Executive Director)
- Mr. Rahul Kumar Srivastava (Chief Operating Officer)
- Mr. Ankit Jain (Chief Strategy Officer)
- Mr. Rakesh Kothari (Chief Financial Officer)
- Mr. Virendra Varma (Company Secretary & Compliance Officer)
- Mr. Phalgun Trivedi (Chief Quality, R&D & Food Safety Officer)
Committee Chairpersons Present:
- Stakeholders Relationship Committee
- Audit Committee
- Risk Management Committee
- Nomination & Remuneration Committee
- CSR Committee
External Attendees:
- Representatives of Statutory Auditors: M/s Sharp & Tannan
- Secretarial Auditor: M/s. N L. Bhatia and Associates
- Internal Auditor: M/s. Deloitte Touche Tohmatsu India LLP
- Business Heads of the Company
Additional Proceedings
The meeting included:
- Chairman's welcome address and introduction of new management personnel
- Company Secretary's briefing on participation procedures and notice dissemination methods
- Management presentation by Ms. Akshali Shah on operational and financial performance for FY 2025-26, covering key business highlights, revenue momentum, business composition, brand-building initiatives, and innovation
- Q&A session with registered speaker shareholders, with responses from management team
- Declaration that unanswered queries could be sent to investors@parag.com