Meeting Details
The 91st Annual General Meeting of The Ravalgaon Sugar Farm Limited was duly convened and held on Wednesday, September 16, 2026 at 02:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means facility. The corporate office at 52, 5th Floor, Maker Tower F, Cuffe Parade, Mumbai - 400005 was deemed to be the venue for the AGM.
Attendance
Directors Present:
- Mr. Harshavardhan Doshi - Chairman & Managing Director
- Mr. Nihal Doshi - Executive Director & Chief Financial Officer (DIN: 00246749)
- Mr. Rajiv Jain - Independent Director, Chairperson of the Audit Committee & Stakeholders' Relationship Committee
- Mr. Subodh Mawalankar - Independent Director & Chairperson of Nomination and Remuneration Committee
- Mrs. Sirisha Sampat - Independent Director
Key Managerial Personnel:
- Ms. Aarti Chheda - Company Secretary & Compliance Officer
Other Attendees:
- Representatives of Statutory Auditors
- Scrutinizer (CS Sandhya Malhotra, Partner at M/s. Manish Ghia & Associates)
- Secretarial Auditors were exempted from attending
Voting Arrangements
The Company provided remote e-voting facility through CDSL for all proposed resolutions. The cut-off date for voting was Wednesday, September 9, 2026. The remote e-voting period commenced on Saturday, September 12, 2026 at 9:00 A.M. (IST) and ended on Tuesday, September 15, 2026 at 5:00 P.M. (IST).
Corporate Representation
The Company received two (2) Authorized Representations from Body Corporate under Section 113 of the Companies Act, 2013 in respect of 1,66,930 Equity Shares, representing 49.10% of the paid-up capital of the Company.
Meeting Proceedings
Mr. Harshavardhan Doshi chaired the meeting. Ms. Aarti Chheda, Company Secretary & Compliance Officer, confirmed the meeting was properly convened with requisite quorum present. Mr. Nihal Doshi, Executive Director & CFO, presented business highlights and updates for the financial year ended March 31, 2026.
The Notice of the 91st AGM along with the Annual Report, including Audited Financial Statements for FY26, Board's Report, Auditors' Report and relevant Notes to Financial Statements, had been circulated to members and were considered as read. There were no material qualifications, observations or adverse remarks in the reports of the Statutory Auditors and Secretarial Auditors.
Agenda Items and Resolutions
The following agenda items were discussed:
1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, including the Audited Balance Sheet as on March 31, 2026, the statement of Profit & Loss and the Cash Flow Statement for the year ended on that date together with the Reports of the Board of Directors and Auditors thereon.
2. Ordinary Resolution: To appoint a Director in place of Mr. Nihal Doshi (DIN: 00246749), Director of the Company, who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.
3. Ordinary Resolution: Re-appointment of Mr. Nihal Doshi (DIN: 00246749) as an Executive Director for further term of three (3) years.
4. Special Resolution: Re-appointment of Mr. Rajiv Jain (DIN: 09044822) as an Independent Director.
5. Special Resolution: Re-appointment of Mr. Subodh Mawalankar (DIN: 09484724) as an Independent Director.
Shareholder Interaction
Registered speaker shareholders were allowed to ask questions or express their views. Clarifications to queries raised by members were addressed by Mr. Nihal Doshi, Executive Director & CFO.
Voting and Results
Members who had not cast their votes through remote e-voting were given an additional 15 minutes during the meeting to cast their votes. The consolidated results of e-voting and voting at the AGM will be announced to BSE Limited and displayed on the company's website (https://www.trsfl.in) within 2 working days from the date of conclusion of the AGM.
Meeting Conclusion
Total 19 members were present through VC at the AGM. The meeting concluded at 02:16 P.M. (IST), lasting 16 minutes.