Meeting Details
The 35th AGM is scheduled for Friday, 25th September 2026 at 04:30 PM through VC/OAVM mode. The meeting is conducted in accordance with MCA Circulars including General Circular no. 03/2025 dated September 22, 2025 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ordinary Business Agenda Items
1. Approval of Financial Statements: To receive, consider, approve and adopt:
- Audited Standalone Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors
- Audited Consolidated Financial Statements for FY ended 31st March 2026 with Report of Auditors
2. Director Re-appointment: To appoint Mr. Siddharth Chowdhary (DIN: 01798350) who retires by rotation under Section 152(6) of Companies Act, 2013 and being eligible offers himself for re-appointment.
3. Dividend Declaration: To declare Dividend on Equity Shares for Financial Year ended 31st March 2026. Record date fixed as Friday, 18th September 2026 for dividend payment and AGM.
4. Auditor Re-appointment: To re-appoint M/s. Batliboi & Purohit, Chartered Accountants, Mumbai (Firm Registration Number: 101048W) as Statutory Auditors for second term of 5 consecutive financial years from conclusion of 35th AGM till conclusion of 40th AGM in 2031. Remuneration fixed at ₹12 lakhs plus applicable taxes and reimbursement of out-of-pocket expenses.
Special Business Agenda Items
5. Independent Director Appointment: To appoint Mr. Taral Shah (DIN: 00005375) as Non-Executive Independent Director for first term of 5 consecutive years from 31st August 2026 till 30th August 2031. He was appointed as Additional Independent Director w.e.f. 31st August 2026 and meets independence criteria under Section 149(6) of Companies Act and Regulation 16(1)(b) of SEBI LODR.
6. Related Party Transaction: Approval for material related party transaction by way of borrowing not exceeding ₹200.00 Crores (in one or more tranches, outstanding on net basis) from Bluecraft Agro Private Limited (BAPL), a related party where the Company holds 17.43% equity shares and Mr. Siddharth Chowdhary holds 82.56% shareholding.
- Purpose: To meet working capital requirements following acquisition of corn milling plant in Davangere, Karnataka with 3 Lakh MT annual capacity
- Terms: Unsecured borrowing with tenure of 5 years, interest rate not less than prevailing 5-year G-Sec yield, option for early repayment
- Materiality: Exceeds 10% threshold of annual consolidated turnover (147.59% of FY25 turnover)
- Previous Transactions: In FY25-26, total transactions with BAPL included Sales (₹19,004.04 lakhs), Interest Income (₹1,911.08 lakhs), Investment in Equity Shares (₹34,980.00 lakhs), and Loan Receipts (net ₹26,236.01 lakhs)
Voting Arrangements
- Remote e-voting period: Tuesday, 22nd September 2026 (9:00 AM) to Thursday, 24th September 2026 (5:00 PM)
- Cut-off date for voting rights: Friday, 18th September 2026
- Scrutinizer: Mr. Kinjal Shah, Practicing Company Secretary (Membership No. 7417)
- Results to be declared after AGM and filed with BSE Limited
Dividend Payment Details
- Dividend if approved will be paid within 30 days from AGM date
- Record date: Friday, 18th September 2026
- TDS will be applicable as per Income Tax Act, 1961
- Unpaid dividends for FY 2018-19 will be transferred to IEPF on 21.10.2026