Meeting Details

  • Meeting Type: 39th Annual General Meeting (AGM)
  • Date: Wednesday, September 16, 2026
  • Time: 11:30 A.M. IST
  • Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Cut-off Date: Wednesday, September 09, 2026 (for determining voting rights)

Summary of Proposed Resolutions and Implications

Ordinary Business

1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Financial Statements for the year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.

2. Declaration of Dividend: To declare a final dividend of Re. 1/- (Rupee One) per equity share of face value Rs. 10/- each for FY 2025-26.

3. Appointment of Director: To appoint a director in place of Mr. Vipul J. Chheda (DIN: 00013234), who retires by rotation and offers himself for re-appointment.

4. Re-appointment of Statutory Auditors: To re-appoint M/s. N.A. Shah Associates LLP, Chartered Accountants (Firm Regn. No. 116560W/W100149), as Statutory Auditors for a second term of five consecutive years from the conclusion of the 39th AGM till the conclusion of the 44th AGM. The proposed annual remuneration for FY27 is ₹48 lakh, excluding applicable taxes and out-of-pocket expenses.

Special Business

5. Ratification of Cost Auditor Remuneration: To ratify the remuneration of ₹3,99,300/- per annum plus taxes payable to Ms. Ketki D. Visariya, Cost Accountant (Firm Regn. No. 102266), for conducting the cost audit for FY 2026-27.

6. Re-appointment of Mr. Jayant S. Chheda as Chairman & MD: Special Resolution to re-appoint Mr. Jayant S. Chheda (DIN: 00013206) as Chairman and Managing Director for three years (Aug 21, 2026, to Aug 20, 2029). Proposed monthly salary: ₹33,89,030, with potential annual increments not exceeding 10%. Includes performance incentive up to 0.75% of net profits, allowances, and perquisites.

7. Re-appointment of Mr. Parag J. Chheda as Joint MD: Special Resolution to re-appoint Mr. Parag J. Chheda (DIN: 00013222) as Whole-Time Director designated as Joint Managing Director for three years (Aug 21, 2026, to Aug 20, 2029). Proposed monthly salary: ₹28,23,209, with similar increment terms and incentive structure.

8. Re-appointment of Mr. Vipul J. Chheda as Executive Director: Special Resolution to re-appoint Mr. Vipul J. Chheda (DIN: 00013234) as Whole-Time Director designated as Executive Director for three years (Aug 21, 2026, to Aug 20, 2029). Proposed monthly salary: ₹25,40,299, with similar increment terms and incentive structure.

9. Re-appointment & Remuneration Increase for Mrs. Heena P. Chheda: Ordinary Resolution to approve the re-appointment and increase in monthly remuneration of Mrs. Heena P. Chheda (President – HR) to ₹12,50,649/- per month, effective October 1, 2026. She is a related party (daughter-in-law of Mr. Jayant S. Chheda, wife of Mr. Parag J. Chheda).

10. Re-appointment & Remuneration Increase for Mr. Nihar P. Chheda: Ordinary Resolution to approve the re-appointment and increase in monthly remuneration of Mr. Nihar P. Chheda (VP – Strategy) to ₹12,50,549/- per month, effective October 1, 2026. He is a related party (grandson of Mr. Jayant S. Chheda, son of Mr. Parag J. Chheda).

Voting Process and Methods

  • Remote E-voting: Provided by National Securities Depository Limited (NSDL).
  • Voting Period: Begins Sunday, September 13, 2026, at 9:00 AM IST and ends Tuesday, September 15, 2026, at 5:00 PM IST.
  • Voting at AGM: E-voting will also be available during the AGM for those who have not voted remotely.
  • Attendance: The AGM will be held via VC/OAVM. Members can join 30 minutes before the meeting. Facility is available for 1000 members on a first-come, first-served basis, excluding large shareholders (>2%), promoters, institutions, directors, KMPs, committee chairs, and auditors.

Key Voting Outcomes

The notice is a convening document. Specific voting outcomes (total votes cast, percentage for/against, category-wise participation) will be determined at the AGM and are not available in this notice.

Scrutinizer's Role

  • The Company has engaged NSDL to provide the e-voting facility.
  • Institutional shareholders must send scanned copies of Board Resolutions/Authority letters to the Scrutinizer at sanjayrd65@gmail.com (copy to evoting@nsdl.com).
  • The Scrutinizer will be responsible for scrutinizing the voting process and ensuring its integrity.

Compliance Confirmation

The notice confirms compliance with:

  • The Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ministry of Corporate Affairs (MCA) Circulars, including General Circular No. 03/2025 dated September 22, 2025, and General Circular No. 20/2020 dated May 5, 2020.
  • The notice is being sent electronically to members whose email addresses are registered.

Other Relevant Information

  • Financial Performance (Annexure): Provides key financials for FY22-FY26. FY26 Revenue: ₹25,983 Mn; PAT: ₹732 Mn; EPS: ₹6.62; Net Worth: ₹16,445 Mn.
  • Register Closure: The Register of Members and Transfer Books will be closed from September 10, 2026, to September 16, 2026.
  • Dividend Payment: If approved, the dividend will be paid within 30 days of September 16, 2026, based on records as of September 9, 2026.
  • Document Availability: The notice and annual report are available on the company's website (www.princepipes.com), BSE, NSE, and NSDL websites. Specific registers will be available for electronic inspection during the AGM via the NSDL system (EVEN: 141103).