AGM Details

  • Meeting Date: Monday, September 21, 2026
  • Time: 3:30 P.M. (IST)
  • Mode: Video Conference (VC)/Other Audio Visual Means (OAVM)
  • Venue: Registered Office at Maize Products, Chinubhai Nagar, P.O. Kathwada, Ahmedabad – 382430, Gujarat, India
  • Cut-off Date: Friday, 11th September, 2026 for determining voting rights

Ordinary Business

1. To receive, consider and adopt:

  • Audited balance sheet as at 31st March, 2026
  • Statement of profit and loss for year ended 31st March, 2026
  • Cash flow statement for year ended 31st March, 2026
  • Consolidated financial statements
  • Reports of directors and auditors

2. To appoint a director in place of Mr. Varun P. Mehta (DIN: 00900734) who retires by rotation and offers himself for reappointment.

Special Business

Item 3: Cost Auditor Remuneration (Ordinary Resolution)

  • Purpose: Ratification of remuneration payable to Cost Auditors
  • Auditor: M/s Dalwadi and Associates, Cost Accountants (FRN - 000338)
  • Period: Financial year 2026-27
  • Remuneration: ₹1,20,000/- (Rupees one lakh twenty thousand only) plus goods and service tax and out of pocket expenses
  • Regulatory Reference: Section 148 of Companies Act, 2013 and Companies (Audit and Auditors) Rules, 2014
  • Certificate Availability: Eligibility certificate dated April 24, 2026 available for inspection at registered office

Item 4: Executive Director Remuneration (Special Resolution)

  • Purpose: Approval of remuneration for Mr. Varun P. Mehta as Executive Director
  • Tenure: From 1st April, 2027 to 31st March, 2029
  • Remuneration Components:
  • Salary: Up to ₹20,00,000/- per month
  • Perquisites: Residential accommodation, furniture, furnishings, utilities, medical benefits, leave travel facilities, ESOPs etc.
  • Commission: On net profits as per Section 197 of Companies Act, 2013
  • Reimbursements: Entertainment expenses, travelling expenses, lodging and boarding including for spouse and attendants, medical assistance for family, car for business use, telephone expenses at residence
  • Overall Limit: Within ceiling of 11% prescribed in Section 197 of Companies Act, 2013
  • Inadequate Profits Provision: Remuneration payable as per Schedule V limits if company has no profits or inadequate profits
  • Current Shareholding: Mr. Varun P. Mehta holds 4,37,440 equity shares personally and is beneficiary of Varun Family Trust holding 42,80,000 equity shares

Financial Performance Highlights

| Financial Parameters | FY 2025-26 | FY 2024-25 | FY 2023-24 |

| Gross Total Income (₹ in Lakhs) | 1,01,604.26 | 99,448.67 | 94,386.18 |

| Net Profit/Loss after tax (₹ in Lakhs) | 228.51 | -1,146.52 | -1,131.89 |

| Equity Dividend | -- | -- | -- |

Company Background

  • Industry: Manufacturing and selling of starches and derivative products (liquid glucose, dextrose monohydrate, dextrose anhydrous) and by-products (maize gluten, maize oil, maize oil cake, maize wet and dry bran)
  • Incorporation Date: 30th January, 1941
  • Foreign Investment: ₹33.60 lakhs in overseas subsidiaries, primarily Sayaji Industries FZC in UAE
  • NRI Holdings: 3,252 equity shares

Voting Arrangements

  • Remote e-Voting Period: Friday, 18th September, 2026 (9:00 AM) to Sunday, 20th September, 2026 (5:00 PM)
  • Scrutinizer: Mr. Niraj Trivedi, Practicing Company Secretary (FCS No. 3844, PCS No. 3123)
  • Results Declaration: On or before Thursday, 24th September, 2026
  • RTA: KFin Technologies Limited

Document Availability

  • Electronic Availability: Company website (www.sayajigroup.in), BSE website (www.bseindia.com), KFinTech website (https://evoting.kfintech.com/)
  • Physical Copy: Available on request by email to cs@sayajigroup.in

Director Details - Mr. Varun P. Mehta

  • Age: 40 years (Date of Birth: 29-06-1986)
  • Qualifications: Bachelor's degree in Science (Business Administration) from Fordham University, USA
  • Experience: 20 years in corn wet milling industry
  • Current Remuneration (FY25-26): ₹265.96 Lakhs
  • Board Meetings Attendance: 5 out of 6 meetings in FY25-26
  • Committee Positions:
  • Chairman of Corporate Social Responsibility Committee at Sayaji Industries Limited and N.B. Commercial Enterprises Limited
  • Member of Stakeholders Relationship Committee (Sayaji) and Audit Committee (N.B. Commercial)
  • Directorships: Sayaji Industries Limited, N.B. Commercial Enterprises Limited, Viva Tex-chem Private Limited, Sayaji Ingritech Limited, Parashakti Agriseva Private Limited