Key Dates

  • AGM Date: Friday, June 19, 2026 at 11:00 A.M.
  • Book Closure Period: June 13, 2026 to June 19, 2026 (both dates inclusive)
  • E-voting Period: June 16, 2026 (9:00 A.M.) to June 18, 2026 (5:00 P.M.)
  • Record Date: June 12, 2026 (for determining voting eligibility)

Meeting Details

The 34th Annual General Meeting will be held through Video Conferencing/Other Audio Visual Means facility and physically at the Registered Office of the Company at Kodiyat Road, Village: Sisarma, Udaipur – 313031.

Business to be Transacted

Ordinary Business

1. To receive, consider and adopt the Balance Sheet as at March 31, 2026 and Statement of Profit and Loss Account for the year ended on that date, together with Reports of Directors and Auditors.

2. To appoint a Director in place of Mr. Narendra Bhanawat (DIN: 00146824), who retires by rotation and being eligible, has offered himself for reappointment.

Special Business

3. Re-appointment of Mr. Narendra Bhanawat as Whole-time Director

  • Special Resolution for re-appointment for 3 years from May 29, 2027 to May 28, 2030
  • Remuneration: Basic salary scale of ₹35,645 to ₹60,000 per month
  • Perks and allowances: Maximum equivalent to basic salary
  • Conveyance allowance: ₹1,950 per month
  • Provident Fund contribution as per company rules
  • Minimum remuneration payable even in absence or inadequacy of profits

4. Re-appointment of Mr. Daud Ali as Managing Director

  • Special Resolution for re-appointment for 3 years from April 1, 2027 to March 31, 2030
  • Remuneration: Basic salary scale of ₹3,20,000 to ₹8,00,000 per month
  • Perquisites and allowances: 10% of basic salary
  • Provident Fund contribution as per company rules
  • Minimum remuneration payable even in absence or inadequacy of profits

5. Re-appointment of Mr. Himanshu Surendrakumar Gupta as Independent Director

  • Special Resolution for re-appointment for second term of 5 years from May 21, 2027 to May 20, 2032
  • First appointed on May 21, 2022

Financial Performance Disclosure (FY 2025-26)

  • Total Revenue: ₹108.70 crore (₹10,870.35 lakhs)
  • Total Expenses: ₹102.65 crore (₹10,264.88 lakhs)
  • Profit Before Tax: ₹6.05 crore (₹605.47 lakhs)
  • Profit After Tax: ₹4.49 crore (₹449.36 lakhs)

Director Details and Shareholding

  • Mr. Narendra Bhanawat: Holds 400 equity shares, 38 years experience in plastic industry
  • Mr. Daud Ali: Holds 316,200 equity shares, 46 years experience in plastic industry, Managing Director since 1992
  • Mr. Himanshu Surendrakumar Gupta: Company Secretary by qualification, holds no shares

Voting Arrangements

  • Remote e-voting through CDSL for all shareholders
  • Individual shareholders with demat accounts can vote through their depository platforms (CDSL/NSDL)
  • Physical shareholders and non-individual shareholders vote through www.evotingindia.com
  • Scrutinizer: Mr. Ashok Modi (email: caashokmodi@gmail.com)

Additional Information

  • Company industry: Plastic moulded furniture and other articles
  • Date of commencement of commercial production: March 12, 1993
  • No foreign investments or collaborators
  • Quorum requirements include members attending through VC/OAVM
  • Members can send queries to investor@italica.com at least 10 days before meeting