Meeting Details

The 32nd Annual General Meeting of the Equity Shareholders of Piccadily Agro Industries Limited was held on Friday, September 25, 2026, at 4:30 P.M. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

Proposed Resolutions and Implications

The meeting considered seven resolutions:

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026, along with reports of Board of Directors and Auditors.

2. Declaration of dividend on Equity Shares for FY ended March 31, 2026.

3. Reappointment of Mr. Jai Parkash Kaushik (DIN: 02354480) who retires by rotation.

Special Business:

4. Appointment of Statutory Auditors Rattan Kaur and Associates, Chartered Accountants (Firm Registration No. 022513N) for 5 consecutive years.

5. Reappointment of Mr. Harvinder Singh Chopra (DIN: 00129891) as Managing Director for one year effective August 2, 2026.

6. Reappointment of Mr. Dharmendra Kumar Batra (DIN: 07947018) as Whole-time Director for one year effective June 29, 2026.

7. Ratification of Remuneration to Cost Auditor.

Voting Process and Methods

The Company arranged remote e-voting services through National Securities Depository Limited (NSDL) from Tuesday, September 22, 2026, at 9:00 A.M. (IST) to Thursday, September 24, 2026, at 5:00 P.M. (IST). During the AGM, the Chairman announced the facility of e-voting for members who had not cast votes through remote e-voting. The cut-off date for determining members entitled to vote was Friday, September 18, 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,203,849 shares (99.90%) from 133 members
  • Votes Against: 66,321 shares (0.10%) from 13 members

Resolution 2: Dividend Declaration

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,270,050 shares (100.00%) from 139 members
  • Votes Against: 120 shares (0.00%) from 7 members
  • Invalid Votes: None

Resolution 3: Reappointment of Jai Parkash Kaushik

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,159,829 shares (99.84%) from 127 members
  • Votes Against: 110,341 shares (0.16%) from 19 members
  • Invalid Votes: None

Resolution 4: Appointment of Statutory Auditors

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,270,093 shares (100.00%) from 139 members
  • Votes Against: 77 shares (0.00%) from 7 members
  • Invalid Votes: None

Resolution 5: Reappointment of Harvinder Singh Chopra as MD

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,203,780 shares (99.90%) from 129 members
  • Votes Against: 66,390 shares (0.10%) from 17 members
  • Invalid Votes: None

Resolution 6: Reappointment of Dharmendra Kumar Batra as Whole-time Director

  • Total Valid Votes: 68,270,170 shares from 146 members
  • Votes in Favor: 68,173,676 shares (99.86%) from 127 members
  • Votes Against: 96,494 shares (0.14%) from 19 members
  • Invalid Votes: None

Resolution 7: Ratification of Remuneration to Cost Auditor

  • Invalid Votes: No members (table indicates this section was for invalid votes only)

Scrutinizer's Role and Findings

Prince Chadha, Practicing Company Secretary (# 48, Sector 41-A, Chandigarh 160036), was appointed as Scrutinizer by the Board of Directors to scrutinize the e-voting process. The scrutinizer ensured the voting process was conducted in a fair and transparent manner based on reports generated from NSDL's electronic voting system. The e-voting results were unblocked on September 25, 2026, in the presence of two witnesses.

Compliance with Laws and Regulations

The notice dated August 18, 2026, was sent to shareholders electronically in compliance with MCA Circulars (General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, and 09/2024) and SEBI Circulars (SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HODDHS/P/CIR/2022/0063, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, and SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133).