Key Dates and Event Details

  • 16th Annual General Meeting Date: Tuesday, September 29, 2026 at 01:00 PM IST
  • Meeting Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM) as per MCA Circular No. 03/2025 and SEBI Circular SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133
  • Cut-off Date: Tuesday, September 22, 2026 for determining members eligible to vote
  • Register of Members Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
  • Remote e-Voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) through NSDL

Business to be Transacted

Ordinary Business

1. Adoption of Audited Financial Statements: Ordinary Resolution to adopt Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, along with Reports of Board of Directors and Auditors.

2. Re-appointment of Director: Ordinary Resolution for re-appointment of Mr. Sanjeetkumar Gourishankar Rath (DIN: 08140999) who retires by rotation and offers himself for re-appointment.

3. Appointment of Statutory Auditor: Ordinary Resolution to appoint M/s V Doogar And Associates, Chartered Accountants (Firm Registration No. 042757N) as Statutory Auditors for 5 years from conclusion of 16th AGM till conclusion of 21st AGM in 2031. Remuneration: Up to ₹4.80 lakhs per annum plus applicable taxes and out-of-pocket expenses, as recommended by Audit Committee and approved by Board.

Special Business

4. Ratification of Cost Auditor Remuneration: Ordinary Resolution to ratify remuneration of ₹37,500/- plus out-of-pocket expenses and applicable taxes payable to M/s. Y S Thakar & Co., Cost Accountants (Firm Registration No. 000318) for auditing cost accounting records for FY 2026-2027.

5. Revision in Executive Director's Remuneration: Special Resolution for payment of revised remuneration to Mr. Sanjeetkumar Gourishankar Rath, Executive Director, for period April 1, 2026 to March 31, 2028:

  • Up to ₹4,00,000 per month as may be decided by Board
  • Current financial year effective from April 1, 2026: ₹3,33,333 per month
  • Reimbursement of all business expenses
  • Payment of minimum remuneration in case of inadequacy or absence of profits

Financial and Operational Context

  • Industry: Power generation through wind energy and rubber reclamation from waste tyres
  • Commercial Production Dates: Power Generation - September 30, 2010; Rubber Reclamation - March 26, 2014
  • FY26 Financial Performance: Sales increased to ₹134.69 crore from ₹92.64 crore in previous year (49.39% increase). Profit of ₹6.79 crore reported despite challenging business environment for reclaim rubber industry and rising operational costs.
  • Foreign Shareholding (as on March 31, 2026):
  • FII/FPI: 97,38,398 shares (19.95%)
  • NRI: 1,86,126 shares (0.38%)
  • Foreign body corporate: 38,26,956 shares (7.84%)
  • Total foreign shareholding: 28.17%

Director Information

  • Mr. Sanjeetkumar Gourishankar Rath (DIN: 08140999)
  • Date of Birth: April 4, 1985 (Age 41)
  • Qualification: Bachelor of Engineering
  • Expertise: Plant operations, production planning, quality management, logistics
  • Current Remuneration: ₹3,00,000 per month
  • Past Remuneration: FY23-24: ₹27.72 lakhs, FY24-25: ₹29.52 lakhs, FY25-26: ₹36.00 lakhs
  • Shareholding: Nil
  • Other Directorship: Shubham Electrochem Limited
  • Board Meetings Attended (2023-24): 7 out of 7

Auditor Information

  • Outgoing Auditor: M/s D.Tayal & Jain, Chartered Accountants (Firm Regd No. 011181C) completing term at conclusion of 16th AGM
  • Incoming Auditor: M/s V Doogar And Associates (Firm Regd No. 042757N) established in 2024 with registered office in Gurugram, Haryana. Led by two partners with experience in statutory audits for listed entities, manufacturing companies, and NBFCs.
  • Fee Increase: Proposed fee of ₹4.80 lakhs is ₹1.20 lakhs higher than previous auditor due to increase in area of work and size of firm.

Voting and Participation Procedures

  • e-Voting Provider: National Securities Depository Limited (NSDL)
  • EVEN Number: 141716
  • VC/OAVM Capacity: 1000 members on first-come, first-served basis (excludes large shareholders holding 2%+, promoters, institutional investors, directors, KMP, committee chairpersons, auditors)
  • Scrutinizer: Mr. Satish Kumar Jadon, Practising Company Secretary (FCS No. 9512)
  • Results Declaration: Scrutinizer's report to be placed on company website (www.suil.in) and NSDL website (https://evoting.nsdl.co.in), and communicated to stock exchanges

Document Availability

  • Annual Report and AGM Notice available on company website: www.suil.in
  • Also available on BSE website (www.bseindia.com), NSE website (www.nseindia.com), and NSDL website (www.evoting.nsdl.com)
  • Physical copies available on request to cs@suil.in

Additional Information

  • Company/RTA stopped accepting physical share transfers since April 1, 2019 as per SEBI mandate
  • Members holding physical shares advised to dematerialize and submit PAN, bank details, and nomination details
  • Register of Directors, KMP shareholding, and interested contracts available for electronic inspection during AGM