Nature of Event

Regulatory filing of notice for the 9th Annual General Meeting (AGM) to be held on September 30, 2026, containing seven resolutions for shareholder approval, including adoption of financial statements, director reappointment, auditor reappointment, remuneration approval, and related party transactions.

Key Quantitative Figures

  • FY2025-26 Financial Performance: Revenue from operations: ₹237.14 lakhs (previous year: ₹778.12 lakhs); Other income: ₹144.47 lakhs (previous year: ₹7.16 lakhs); Total income: ₹381.61 lakhs (previous year: ₹785.28 lakhs); Net loss: ₹49.57 lakhs (previous year profit: ₹68.65 lakhs)
  • Director Remuneration: Proposed monthly remuneration for Mr. Harish Sirwani: Up to ₹1.00 lakh per month
  • Related Party Transaction Limits: R S Industries: ₹10 crores; Mr. Harish Sirwani: ₹5 crores; Mrs. Nidhi Sirwani: ₹5 crores
  • Shareholding: Mr. Harish Sirwani holds 35.00% (40,23,092 shares); Mrs. Nidhi Sirwani holds 25.10%

Parties Involved

  • Directors: Mr. Harish Manohar Sirwani (Chairman & Managing Director, DIN: 07844075), Mrs. Nidhi Sirwani (Non-Executive Director)
  • Auditors: M/s. D G M S & Co, Chartered Accountant (FRN: 0112187W)
  • Related Parties: R S Industries (sole proprietorship of Mrs. Nidhi Sirwani)
  • Registrar & Transfer Agent: Bigshare Services Pvt. Ltd.
  • e-Voting Agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: M/s. Mittal V. Kothari & Associates
  • Stock Exchange: BSE Limited

Resolutions for Approval

Ordinary Business

1. Adoption of Financial Statements: Approval of audited standalone and consolidated financial statements for FY ended March 31, 2026

2. Reappointment of Director: Reappointment of Mr. Harish Manohar Sirwani who retires by rotation

3. Reappointment of Statutory Auditor: Reappointment of M/s. D G M S & Co as statutory auditors until 14th AGM in 2031

Special Business

4. Remuneration Approval: Special resolution to approve payment of remuneration to Mr. Harish Sirwani for his remaining term as Chairman & Managing Director

5. Related Party Transaction with R S Industries: Ordinary resolution to approve transactions up to ₹10 crores for FY2026-27

6. Related Party Transaction with Mr. Harish Sirwani: Ordinary resolution to approve borrowing transactions up to ₹5 crores for FY2026-27

7. Related Party Transaction with Mrs. Nidhi Sirwani: Ordinary resolution to approve borrowing transactions up to ₹5 crores for FY2026-27

Financial Impact

  • Director Remuneration: Fixed financial impact of up to ₹1 lakh per month for Mr. Harish Sirwani
  • Related Party Transactions: Potential transactional impact of up to ₹20 crores aggregate across all related parties
  • FY2026 Financial Performance: Significant revenue decline from ₹778.12 lakhs to ₹237.14 lakhs year-over-year, resulting in net loss of ₹49.57 lakhs versus profit of ₹68.65 lakhs in previous year

Capital Structure Impact

No direct impact on share capital structure disclosed. Changes in director remuneration and related party transactions may affect cash flows but not equity structure.

Voting Arrangements

  • Remote e-voting through NSDL from September 27-29, 2026
  • VC/OAVM facility for AGM attendance with 1000 member limit on first-come basis
  • Scrutinizer appointed to count votes and report within 2 working days post-AGM
  • Promoters and promoter group to abstain from voting on related party transaction resolutions

Additional Information

  • Company engaged in plastic granules and plastic household products trade
  • No foreign investments or collaborations
  • FY2025-26 transaction history with R S Industries: ₹79.19 lakhs; with directors: Loans given ₹49.03 lakhs, Loans repaid ₹150.62 lakhs (Mr. Harish Sirwani); Loans given ₹16.76 lakhs, Loans repaid ₹96.80 lakhs (Mrs. Nidhi Sirwani)
  • Director loans proposed at 0.00% interest rate, unsecured, repayable on demand