Summary of 35th Annual General Meeting Proceedings

Plastiblends India Limited held its 35th Annual General Meeting (AGM) on Monday, August 24, 2026 at 4:00 PM through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI, along with applicable provisions of the Companies Act, 2013.

Meeting Leadership and Attendance

Shri Satyanarayan G. Kabra, Chairman and Managing Director, chaired the meeting. The following directors and key managerial personnel were present:

  • Shri Satyanarayan G. Kabra - Chairman and Managing Director
  • Shri Varun S. Kabra - Vice-Chairman and Managing Director
  • Smt Jyoti V. Kabra - Non-Executive Director
  • Shri Rahul R. Rathi - Independent Director
  • Smt Meena S. Agrawal - Independent Director
  • Shri Dharmendra K. Gandhi - Independent Director
  • Shri Surendra S. Gupta - Independent Director
  • Shri Anand R. Mundra - Chief Financial Officer
  • Shri Himanshu Mhatre - Company Secretary

Representatives from statutory auditors M/s Kirtane and Pandit LLP, Chartered Accountants and secretarial auditors M/s Bhandari & Associates, Practising Company Secretary also attended via video conferencing.

Meeting Proceedings

The meeting commenced with introductory remarks and presentations:

  • Company Secretary Shri Himanshu Mhatre briefed members about video-conferencing procedures
  • Chairman & MD Shri Satyanarayan G. Kabra and Vice-Chairman & MD Shri Varun S. Kabra delivered their speeches
  • CFO Shri Anand R. Mundra briefed about various items of financial statements for FY 2025-26

The company provided remote e-voting facility to members, with those not voting remotely able to vote during the AGM. The Board appointed Mr. Saurabh Somani or failing him Ms. Manisha Maheshwari, Partners of M/s. Bhandari & Associates, as Scrutinizers to supervise the voting process.

Agenda Items Transacted

The following agenda items from the AGM notice were transacted:

1. Adoption of Audited Financial Statements - Ordinary business resolved through ordinary resolution

2. Declaration of Dividend - Declaration of dividend @60% (₹3.00 per share) for FY ended March 31, 2026 - Ordinary business resolved through ordinary resolution

3. Re-appointment of Director - Re-appointment of Shri Varun S. Kabra (DIN: 03376617) as Director liable to retire by rotation - Ordinary business resolved through ordinary resolution

4. Re-appointment as Vice-Chairman and Managing Director - Re-appointment of Shri Varun S. Kabra as Vice-Chairman and Managing Director for 5 years from August 1, 2026 to July 31, 2031 - Special business resolved through special resolution

5. Approval of Cost Auditor Remuneration - Approval of remuneration for Cost Auditors M/s. Urvashi Kamal Mehta & Co, Cost Accountants for FY 2026-27 - Special business resolved through ordinary resolution

Member Interaction and Meeting Conclusion

Registered member speakers provided views and observations, which were responded to by Vice-Chairman & MD Shri Varun S. Kabra, Chairman Shri Satyanarayan G. Kabra, and CFO Shri Anand R. Mundra.

The Scrutinizer's Report along with voting results will be declared and communicated to stock exchanges as per Regulation 44 of SEBI LODR Regulations 2015 and placed on the company website.

The meeting concluded at 6:10 PM, including time allowed for e-voting during the AGM.