Meeting Details

The 38th Annual General Meeting will be held on Tuesday, 29th September, 2026 at 01:00 P.M. through Physical Mode at the registered office of the company at Plot No. 15, Sector-II, Industrial Area, Dhar, Pithampur Dist. Dhar, Madhya Pradesh, India, 454775.

Ordinary Business Resolutions

1. Adoption of Financial Statements

To consider and adopt the audited standalone and consolidated financial statements of the Company for the Financial Year ended March 31, 2026, including balance sheet, statement of profit and loss, statement of cash flow, and reports of Board of Directors and Auditors.

2. Reappointment of Director Retiring by Rotation

To reappoint Mr. Akash Sethi (DIN: 08176396) as Joint Managing Director liable to retire by rotation. He retires by rotation and offers himself for reappointment.

3. Appointment of Statutory Auditors

To appoint M/S. Agarwal Patel and Sinhal, Chartered Accountants, Indore (FRN: 012245C) as Statutory Auditors in place of retiring auditors M/s. S. R. Naredi & Co., Chartered Accountants, Indore (FRN: 002818C). The appointment is for 5 years from conclusion of 38th AGM until conclusion of 43rd AGM, at remuneration mutually agreed between Board and auditors plus out-of-pocket expenses.

Special Business Resolutions

4. Reappointment of Mr. Akash Sethi as Joint Managing Director

To reappoint Mr. Akash Sethi (DIN: 08176396) as Joint Managing Director for a further period of three years from 14th August, 2027 to 13th August, 2030. His current tenure expires on 13th August, 2027.

Remuneration Terms:

  • Basic Salary: Up to ₹5,00,000 per month
  • Perquisites and allowances: Maximum 50% of basic salary including HRA, Medical Allowances, DA, LTC
  • Provident Fund, Gratuity, and Retirement Benefits as per company rules
  • Leave encashment as per company rules
  • Reimbursement of actual entertainment, travelling, boarding and lodging expenses

5. Reappointment of Ms. Manali Tongia as Independent Director

To reappoint Ms. Manali Tongia (DIN: 09542172) as Non-Executive Independent Director for a second term of five years from 24th March, 2027 to 23rd March, 2032. She is not liable to retire by rotation.

6. Reappointment of Ms. Somya Chabbra as Independent Director

To reappoint Ms. Somya Chabbra (DIN: 09597296) as Non-Executive Independent Director for a second term of five years from 6th May, 2027 to 5th May, 2032. She is not liable to retire by rotation.

7. Increase in Remuneration of Mr. Akash Sethi

To increase remuneration of Mr. Akash Sethi (DIN: 08176396), Joint Managing Director, effective 1st April, 2026:

  • Basic Salary: Up to ₹5,00,000 per month (increased from ₹3,50,000 per month)
  • Perquisites and allowances: Maximum 50% of basic salary

8. Approval of Material Related Party Transactions

To approve material Related Party Transactions with Shree Coratomic Limited for financial year 2026-2027 up to aggregate amount of ₹10,00,00,000 (Ten crores). Transactions include sale, purchase, supply of goods/materials, availing/rendering services, and hire charges.

RPT Details:

  • Previous year transactions: ₹2,42,81,228 (Sale Purchase, rent and rendering of services)
  • Current year transactions until approval: ₹31,95,000
  • All transactions at arm's length and in ordinary course of business

Financial Performance (FY2026 Standalone)

  • Gross Turnover & Other Income: ₹21,753.14 lakhs
  • Net Profit After Tax: ₹301.74 lakhs
  • Net Worth: ₹17,559.39 lakhs

Voting Arrangements

  • Remote e-voting period: Saturday, 26th September, 2026 (9:00 AM) to Monday, 28th September, 2026 (5:00 PM)
  • Cut-off date: Tuesday, 22nd September, 2026
  • Scrutinizer: Mrs. Shraddha Jain (Membership No. ACS-39488; CP No. 14717), Practicing Company Secretary

Shareholder Information

  • Register of Members closure: 23rd September, 2026 to 29th September, 2026 (both days inclusive)
  • Documents available for inspection at registered office during business hours
  • Members requested to update PAN, KYC, nomination and bank details with RTA/DP