Meeting Details

The 37th Annual General Meeting will be held on Monday, 28th September 2026 at 11:30 A.M. at the registered office of the company at Dinalipi Bhawan, A-54/1 & A-55/1, Nayapalli, Baramunda, Bhubaneswar-751003, Odisha.

Ordinary Business

Item No. 1: Adoption of Financial Statements

To consider and adopt the audited financial statement of the Company for the financial year ended 31st March 2026 including statement of Profit and Loss and Cash flow Statement along with notes on Accounts for the year ended 31st March 2026 along with the reports of the Auditors and Board of Directors thereon.

Item No. 2: Re-appointment of Director

To re-appoint Mrs. Annapurna Dash (DIN: 00586755) as the Director of the Company, who retires by rotation and is eligible and offers herself for re-appointment.

Special Business

Item No. 3: Increase in Borrowing Limits (Special Resolution)

Pursuant to Section 180(1)(c) of the Companies Act, 2013, seeks approval to borrow money exceeding the aggregate of paid-up share capital, free reserves, and securities premium. The total aggregate amount borrowed and outstanding at any time shall not exceed ₹200,00,00,000/- (Rupees Two Hundred Crores Only). Purpose: To meet funding requirements for capital expenditure, business expansion, and strategic development/monetization of real estate assets.

Item No. 4: Authorization for Creation of Charge/Mortgage (Special Resolution)

Pursuant to Section 180(1)(a) of the Companies Act, 2013, seeks approval to create mortgages, charges, hypothecations, pledges, or other encumbrances on all or any movable and/or immovable properties, assets, rights, and undertakings of the Company. Specifically includes land assets measuring 167 acres situated at Narendrapur & Karanjamala, 5.77 acres situated at Gopalpur-on-Sea and 3.56 acres situated at Ganjam. To secure financial assistance up to an aggregate principal amount not exceeding ₹200,00,00,000/- (Rupees Two Hundred Crores Only).

Item No. 5: Authorization for Land Development and Monetization (Special Resolution)

Pursuant to Section 180(1)(a) of the Companies Act, 2013, seeks approval to sell, lease, sub-lease, grant development rights, transfer, license, or otherwise dispose of or monetize:

  • 167 acres at Narendrapur and Karanjamala for setting up an Industrial Park/infrastructure facility
  • 5.77 acres at Gopalpur-on-Sea and 3.56 acres at Ganjam for residential/commercial real estate projects

May be executed through Joint Venture (JV), Joint Development Agreement (JDA), Special Purpose Vehicle (SPV), or strategic partnership.

Item No. 6: Approval for Related Party Transactions (Special Resolution)

Pursuant to Section 188 of the Companies Act, 2013, seeks approval to enter into contracts with Related Parties for joint development of the land parcels mentioned in Item 5. Related Parties include: Suryo Udyog Limited, Golden Anchor Private Limited, Ram's Assorted Cold Storage Limited, and Suryo Media Private Limited. Aggregate monetary value not exceeding ₹200,00,00,000/- (Rupees Two Hundred Crores Only).

Explanatory Statements

Item 3: Borrowing Limits

Required under Section 180(1)(c) for borrowing beyond paid-up capital + free reserves + securities premium. No interest of Directors/KMP except shareholding.

Item 4: Creation of Charge

Required under Section 180(1)(a) for creating charge on substantially whole undertaking. No interest of Directors/KMP except shareholding.

Item 5: Land Monetization

To unlock economic potential of non-core/underutilized land assets. No interest of Directors/KMP except shareholding.

Item 6: Related Party Transactions

Although company is exempt from SEBI LODR Regulation 23 (due to paid-up equity share capital not exceeding ₹10 Crore and Net Worth not exceeding ₹25 Crore), board voluntarily seeks special resolution for governance standards. Interested Directors: Mr. Amarendra Dash (Chairman and MD), Mr. Ajay Kumar Dash (Director), Mrs. Annapurna Dash (Director), Mr. Aditya Dash (Executive Director and CEO). Commercial terms will be finalized on arm's length basis with independent valuation.

Director Details for Re-appointment

Mrs. Annapurna Dash (DIN: 00586755) appointed on 20/07/2006, Graduate with management & administration expertise, holds 23,960 shares, related to Mr. Amarendra Dash, Mr. Aditya Dash, and Mr. Ajay Kumar Dash. No other listed directorships.

Shareholder Information

  • Register of Members and Share Transfer Books will remain closed from Tuesday, 22nd September 2026 to Monday, 28th September 2026 (both days inclusive)
  • E-voting period: 25th September 2026 (10:00 am) to 27th September 2026 (05:00 pm)
  • Cut-off date for voting rights: 21st September 2026
  • Scrutinizer: M/s. Saroj Roy & Associates, Company Secretaries (Bhubaneswar)
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Proxy forms must be received 48 hours before meeting commencement

Additional Notes

Company Secretary and Compliance Officer: Manisha Satapathy