Event Details
The 50th Annual General Meeting (AGM) of Pennar Industries Limited will be held on Thursday, 24th September, 2026 at 11:00 A.M. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The facility is provided by M/s. KFin Technologies Limited.
The venue of the AGM is deemed to be the registered office of the Company in Hyderabad, in compliance with MCA Circular No. 09/2024 dated 19th September, 2024 and SEBI Circular No. SEBI/HO/CFD/CFD-POD-2/P/CIR/2024/133 dated 3rd October, 2024.
Business to be Transacted
Ordinary Business
1. To receive, consider and adopt the audited financial statement (including audited consolidated financial statements) of the company for the financial year ended 31st March, 2026 together with the reports of the Board of Directors and the auditors thereon. This requires passing an Ordinary Resolution.
2. To appoint a director in place of Mr. Eric James Brown (DIN: 07670880) who retires by rotation and is eligible for re-appointment. This requires passing an Ordinary Resolution.
Special Business
3. To ratify the remuneration payable to M/s. Kandikonda & Associates, Cost Accountants (Registration No. 101361) for the financial year ending 31st March, 2027. The Board, on the recommendation of the Audit Committee, has approved remuneration of Rs. 1,00,000/- per annum as audit fee including all taxes, duties, and out-of-pocket expenses. This requires passing an Ordinary Resolution.
Director Information for Re-appointment
Mr. Eric James Brown (DIN: 07670880), aged 69 years, is proposed for re-appointment as a Non-Executive Non-Independent Director. He was first appointed on 10.11.2017 and holds a graduate degree from the University of Hawaii in Management Information Systems. He has 30+ years of experience in management with expertise in leadership/operations, business management/strategic planning, sales & marketing, industry experience, technical R&D, global business development, finance management, and risk management.
He holds directorships in multiple companies including Pennar Global INC (USA), Pennar Global Metals LLC (USA), Ascent Buildings LLC (USA), Ascent Structural LLC (USA), Pennar Americas Engineering LLC (USA), Pennar Americas Hydraulics LLC (USA), Pennar Global Investments Tennessee LLC (USA), Pennar Global Investments Alabama LLC (USA), and Iradium Automobiles Private Limited. He serves as Chairman of the Risk Management Committee of Pennar Industries Limited.
He attended 4 board meetings during 2025-26 and holds no shares in the company as of 31.03.2026. He is not related to any other Director/Key Managerial Personnel.
Voting Information
The cut-off date for determining members entitled to vote is 17th September, 2026.
Remote e-voting commences on Monday, 21st September, 2026 at 9:00 A.M. IST and ends on Wednesday, 23rd September, 2026 at 5:00 P.M. IST. The e-voting module will be disabled by KFintech after this period.
Members can also vote during the AGM on 24th September, 2026 through the e-voting system integrated with the VC/OAVM platform. However, if a member votes by both remote e-voting and at the AGM, the remote e-vote will prevail.
Mr. Subhash Kishan Kandrapu, Practicing Company Secretary (Membership No. 32743, Practicing No. 17545), has been appointed as Scrutinizer to oversee the voting process.
Participation Details
Physical attendance of members has been dispensed with. The facility for appointment of proxies is not available for this AGM.
Participation through VC/OAVM will be available to at least 1000 shareholders on a first-come, first-served basis, excluding large shareholders (holding 2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors who can attend without restriction.
Additional Information
The Notice and Annual Report 2025-26 are being sent only through electronic mode to members whose email addresses are registered. These documents are also available on the company's website (www.pennarindia.com) and stock exchange websites (www.bseindia.com and www.nseindia.com).
The Register of Directors and KMP shareholding (Section 170) and Register of Contracts (Section 189) will be available for electronic inspection by members from the notice date until the AGM date without any fee.
Members seeking information about accounts and operations are requested to send queries to corporatecommunications@pennarindia.com at least seven days before the AGM.