Sunshield Chemicals Limited has issued notice for its 39th Annual General Meeting (AGM) scheduled to be held on Friday, 3rd July 2026 at 11:00 a.m. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
Meeting Logistics
The AGM will be conducted virtually without physical presence of members at the registered office: 1501A, Universal Majestic, P L Lokhande Marg, Behind RBK International Academy, Chembur (W), Mumbai 400043. The company has availed services of National Securities Depository Limited (NSDL) for conducting the AGM through VC/OAVM and enabling shareholder participation.
Ordinary Business Agenda
1. Adoption of Audited Financial Statements: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026, along with Reports of the Board of Directors and Auditors.
2. Dividend Approval: To declare a dividend of ₹3 per equity share for the financial year ended 31st March 2026. The dividend will be paid electronically to all eligible members. The record date for determining eligibility is 11th June 2026 for both demat and physical shareholders.
3. Re-appointment of Director: To appoint Dr. Anand Parihar (DIN: 00513109) as a Director liable to retire by rotation. Dr. Parihar retires by rotation and is eligible for reappointment.
Special Business Agenda
4. Ratification of Cost Auditor Remuneration: To consider and pass an Ordinary Resolution ratifying remuneration of ₹3,00,000 (Rupees Three Lakhs only) plus applicable tax and reimbursement of out-of-pocket expenses payable to M/s Kishore Bhatia & Associates, Cost Accountants (Firm Registration No. 00294) for conducting audit of cost records for financial year ending 31st March 2027.
5. Reappointment of Independent Director: To consider and pass a Special Resolution for reappointment of Mr. Cyrus Poonevala (DIN: 09420865) as an Independent Director for a second term of five consecutive years from 15th January 2027 to 14th January 2032.
Voting Procedures
The remote e-voting period commences on Tuesday, 30th June 2026 (9:00 am IST) and ends on Thursday, 2nd July 2026 (5:00 pm IST). The cut-off date for determining voting rights is Friday, 26th June 2026. Mr. Prasen Naithani (Membership No. FCS 3830 CP No: 3389), Practicing Company Secretaries, has been appointed as Scrutinizer to oversee the voting process.
Shareholder Participation
Members can join the AGM through VC/OAVM 30 minutes before and after scheduled commencement time. The facility will be available for 1,000 members on first-come-first-served basis, excluding large shareholders (holding 2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors who can attend without restrictions.
Dividend Payment Conditions
Dividend payment will be made only through electronic mode. Members holding physical securities must update KYC details (valid PAN, contact details, bank account details, and specimen signature) in their folios. Dividend will be withheld if KYC details are not updated.
Director Profiles
Dr. Anand Parihar (Non-Executive Director, DIN: 00513109): MD Radiology and Imaging, with 30 years of management experience in hospitals and diagnostic centers. Received sitting fees of ₹2,00,000 for FY 2025-26.
Mr. Cyrus Poonevala (Non-Executive Independent Director, DIN: 09420865): Bachelor of Science degree with Physics major and Electronic Instrumentation. Experienced Aircraft Engineer with over 30 years in aviation industry, focusing on maintenance. Received sitting fees of ₹6,80,000 for FY 2025-26. Serves on Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee.