Event Details

The 17th Annual General Meeting of Sheshadri Industries Limited will be held on Wednesday, 30th September 2026 at 10:00 AM at Incredible One Hotel, 1-2-40, 41 & 43, Park Lane, Sandhu Apartment, Kalasiguda, Secunderabad-500003, Telangana.

Business to be Transacted

Ordinary Business

1. To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended 31st March 2026 together with the reports of the Board of Directors and Auditors thereon.

2. To appoint a director in place of Sri Jeetender Kumar Agarwal (DIN: 00041946), who retires by rotation and being eligible, offers himself for reappointment as a Director liable to retire by rotation.

Special Business

3. To approve the re-appointment of Mr. Jeetender Kumar Agarwal (DIN: 00041946) as the Managing Director of the Company for a period of five years commencing from 03rd September 2026 to 02nd September 2031.

4. To approve the remuneration of Mr. Jeetender Kumar Agarwal as Managing Director of the Company.

5. To approve Related Party Transactions for the financial year 2026-27.

Key Resolution Details

Resolution 3: Reappointment of Managing Director

  • Reappointment period: 5 years (03rd September 2026 to 02nd September 2031)
  • Subject to retirement by rotation requirements
  • Board and Nomination & Remuneration Committee recommended the reappointment

Resolution 4: Remuneration of Managing Director

  • Basic Salary: ₹3,50,000 per month
  • Commission: 1% of Net Profits or 50% of basic salary, whichever is less
  • Perquisites include:
  • Rent free furnished residential accommodation or HRA @ 40% of basic salary
  • Medical reimbursement up to one month's basic salary per year
  • Leave Travel Concession for self and family once a year
  • Club fees for maximum two clubs (no life membership fees)
  • Personal Accident Insurance premium up to ₹15,000 per annum
  • Provident Fund, Superannuation Fund contributions
  • Gratuity not exceeding half month's basic salary per completed year
  • Company car for business use and telephone at residence
  • In case of loss or inadequacy of profits, entitled to receive remuneration as minimum remuneration
  • Board authorized to modify terms within approved limits

Resolution 5: Related Party Transactions

  • Approval sought for transactions with related parties including:
  • Ishayu Garments Private Limited
  • Ishayu Exports Limited
  • Acti Tex Global Private Limited
  • Devshree International Private Limited
  • Suryavanshi Spinning Mills Limited
  • Suryavanshi Industries Limited
  • Aananda Lakshmi Spinning Mills Limited
  • Innovative Interiors
  • Sheshadri Power and Infrastructure Private Limited
  • Transactions relate to sale/purchase/supply of goods, availing/rendering services, leasing of property
  • To be conducted at arm's length basis in ordinary course of business

Director Information

Mr. Jeetender Kumar Agarwal (DIN: 00041946):

  • Date of Birth: 22/07/1964
  • Date of Appointment: 26/03/2013
  • Qualification: B.E Textile
  • Expertise: Over 30 years experience in textiles business
  • Shareholding: 29,95,162 shares as on 31/03/2026
  • Other Directorships: Suryavanshi Industries Limited; Sheshadri Power and Infrastructure Private Limited

Financial Context (from attached Balance Sheet as at March 31, 2022)

  • Equity Share Capital: ₹495.96 lakhs
  • Other Equity: Negative ₹(3,146.40) lakhs
  • Total Equity: Negative ₹(2,650.44) lakhs
  • Total Borrowings: ₹3,065.90 lakhs (Non-current: ₹1,835.32 lakhs, Current: ₹1,230.58 lakhs)
  • Trade Payables: ₹2,307.76 lakhs
  • Total Assets: ₹4,681.83 lakhs

Voting Arrangements

  • Remote e-voting period: 26th September 2026 (9:00 AM IST) to 29th September 2026 (5:00 PM IST)
  • Cut-off date for voting rights: 18th September 2026
  • Scrutinizer: Shri B.V. Saravana Kumar, Practicing Company Secretary
  • Members can vote through NSDL/CDSL systems, KFin Technologies platform, or ballot at meeting

Record Date Closure

The Register of Members and Transfer Books will be closed from Saturday, 19th September 2026 to Wednesday, 30th September 2026 (both days inclusive).

Additional Information

  • Explanatory statement pursuant to Section 102 of Companies Act, 2013 provided
  • Proxy forms must be deposited 48 hours before meeting
  • Members requested to update contact details and dematerialize shares
  • Annual report available on company website www.sheshadri.in