Meeting Details
- Date: Saturday, September 26, 2026
- Time: 11:00 A.M. IST
- Location: Conducted through Video Conference (VC) / Other Audio Visual Means (OAVM)
- Type: 26th Annual General Meeting
- Cut-off Date: Saturday, September 19, 2026 (for determining voting eligibility)
- Deemed Venue: Registered Office at 508 Iscon Elegance, Nr. Jain Temple, Nr. Prahladnagar Pick up Stand, Vejalpur, Ahmedabad – 380 051
Proposed Resolutions and Implications
Ordinary Businesses
1. Adoption of Financial Statements: To consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with reports of Board of Directors and Auditors.
2. Director Reappointment: To appoint Mr. Ghanshyam Mohanbhai Kumbhani (DIN: 00587855), Whole-Time Director who retires by rotation and seeks re-appointment.
Special Businesses
3. Reappointment of Managing Director: Special resolution to reappoint Mr. Jayantibhai Mohanbhai Kumbhani (DIN: 00587807) as Managing Director for 5 years from October 01, 2026, with basic salary up to ₹10 lakh per month and perquisites.
4. Reappointment of Chairman and Whole-Time Director: Special resolution to reappoint Mr. Ghanshyam Mohanbhai Kumbhani (DIN: 00587855) as Chairman and Whole-Time Director for 5 years from October 01, 2026, with basic salary up to ₹10 lakh per month and perquisites.
5. Reappointment of Executive Director: Special resolution to reappoint Mrs. Alpaben Jayantibhai Kumbhani (DIN: 00587848) as Executive Director for 5 years from October 01, 2026, with basic salary up to ₹7 lakh per month and perquisites.
6. Related Party Transactions: Ordinary resolution to approve material related party transactions with M/s. Sikkon Crop Technology (sole proprietorship of Mr. Jayantibhai Mohanbhai Kumbhani) for FY 2026-27, with limits of ₹10 crore each for sale/purchase of goods and availing/rendering services.
Voting Process and Methods
- Remote e-voting: Available through NSDL from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
- E-voting on AGM day: Available for members attending through VC/OAVM who haven't voted remotely
- Voting Rights: Proportional to shareholding as on cut-off date (September 19, 2026)
- Scrutinizer: M/s. PRASAD AND PARTNERS LLP (formerly M/S. ALAP & CO. LLP) with Mr. Anand S Lavingia as scrutinizer
- Contact: csanandlavingia@gmail.com, +91 79 3578 9144
- No Physical Voting: Due to virtual meeting format, no proxy forms or physical attendance allowed
Financial Performance Context (FY 2025-26)
- Revenue from operations: ₹6,501.20 lakh
- Total income: ₹6,641.34 lakh
- Profit before tax: ₹629.67 lakh
- Profit after tax: ₹510.58 lakh
- Director remuneration paid in FY 2025-26:
- Mr. Jayantibhai Kumbhani: ₹120.00 lakh
- Mr. Ghanshyam Kumbhani: ₹120.00 lakh
- Mrs. Alpaben Kumbhani: ₹84.00 lakh
Compliance and Regulatory References
The meeting is conducted in compliance with:
- MCA Circulars: No. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 2/2022, 11/2022, 09/2023, 09/2024, 03/2025
- SEBI Circulars: SEBI/HO/CFD/CMD2/CIR/P/2021/11, SEBI/HO/DDHS/P/CIR/2022/0063, SEBI/HO/CRD/PoD-2/P/CIR/2023/4, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
- Companies Act, 2013 provisions: Sections 108, 152, 196, 197, 198, 203
- SEBI LODR Regulations: Regulations 17(1C), 17(6)(e), 23(4), 36(3), 44
Shareholder Information
- Registrar and Transfer Agent: PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
- E-voting Agency: NSDL (evoting@nsdl.com, helpdesk: +91-22-4886 7000)
- Company contact: compliance@sikkoindia.com, +91 79-66168950/66168951
Additional Information
The explanatory statement provides detailed disclosures as required under Schedule V of Companies Act, 2013, including director qualifications, experience, shareholdings, and justification for remuneration. The related party transaction with M/s. Sikkon Crop Technology is justified as being in the ordinary course of business and at arm's length basis, with Audit Committee and Board approval already obtained.