Meeting Details

The 2nd Extraordinary General Meeting of Sanginita Chemicals Limited was held on Friday, August 7, 2026, at 3:00 P.M. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Summary of Proposed Resolutions and Implications

The EGM considered and voted on 12 resolutions with significant implications for the company's operations and structure:

Special Resolutions:

  • Increase in Borrowing Powers under Section 180(1)(c) of the Companies Act, 2013
  • Creation of Charges, Mortgages and Hypothecation on properties under Section 180(1)(a)
  • Making Investments/Providing Loans/Giving Guarantees beyond limits under Section 186
  • Appointment of Mr. Gaurav Kumar Tripathi as Whole-Time Director
  • Appointment of Mr. Sanmitra Trivedi as Independent Director
  • Appointment of Ms. Jalpa Anand Lavingia as Independent Director
  • Alteration of the Memorandum of Association of the Company
  • Shifting of Registered Office from Gujarat to Haryana
  • Approval for Change of Name and consequential alteration of MOA and AOA

Ordinary Resolutions:

  • Appointment of Mr. Gaurav Kumar Tripathi as Director
  • Appointment of Mr. Anubhav Agarwal as Non-Executive Non-Independent Director
  • Appointment of Mr. Piyush Bichhoriya as Non-Executive Non-Independent Director

The Chairperson stated that these proposals were aimed at facilitating the company's future growth, strengthening governance framework, and providing flexibility to pursue emerging business opportunities. The alteration of objects would enable diversification into new business segments and support sustainable long-term growth.

Strategic Context

The Chairperson highlighted the strategic acquisition of the company by BNG Investment LLC as promoter and a share swap involving Agastya Green Energy Limited under the AGASTYA brand. This transaction is expected to strengthen the company's presence in the renewable energy sector, including manufacturing of renewable products, Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) segments.

Voting Process and Methods

The company provided remote e-voting facility through Central Depository Services (India) Limited (CDSL) to all members as of the cut-off date Friday, July 31, 2026. Remote e-voting commenced at 9:00 A.M. IST on Tuesday, August 4, 2026 and concluded at 5:00 P.M. IST on Thursday, August 6, 2026. Members who hadn't voted remotely could vote electronically during the meeting through the CDSL platform, which remained open for 15 minutes after the meeting concluded.

Scrutinizer Appointment

Mr. Puneet, Practicing Company Secretary, was appointed as Scrutinizer to scrutinize the remote e-voting and e-voting conducted during the meeting in a fair and transparent manner. The consolidated voting results along with the Scrutinizer's Report were to be submitted to the Stock Exchange, uploaded on the company website and CDSL within prescribed timelines.

Key Participants

Directors and Key Managerial Personnel Present:

  • Mr. Anubhav Agarwal - Director and Chairperson of the Meeting
  • Mr. Piyush Bichhoriya - Director
  • Mr. Gaurav Kumar Tripathi - Whole-Time Director
  • Mr. Sanmitra Trivedi - Independent Director and Chairperson of Audit Committee and Nomination & Remuneration Committee
  • Ms. Jalpa Anand Lavingia - Independent Director
  • Mr. Amit Kalra - Chief Financial Officer

Special Invitee:

  • CS Manoj Hurkat - Secretarial Auditor

The meeting was conducted by Ms. Nidhi Dixit, Company Secretary & Compliance Officer.

Meeting Proceedings

The meeting commenced with a welcome address by Ms. Nidhi Dixit who confirmed the meeting was conducted in accordance with applicable provisions of the Companies Act, 2013, Secretarial Standards, MCA Circulars, SEBI Regulations and other applicable laws. The requisite quorum under Section 103 of the Companies Act, 2013 was present. A Question-and-Answer session was conducted where queries raised by members were addressed by the Chairperson/Management. The meeting concluded at 3:35 P.M. IST.

Compliance Statement

The document confirms that the meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013 read with the Rules made thereunder, relevant circulars issued by MCA and SEBI, and other applicable laws.