AGM Details

The 43rd Annual General Meeting of Tarsons Products Limited is scheduled to be held on Thursday, September 24, 2026 at 12:00 P.M. (IST). The meeting will be conducted entirely through Video Conferencing or Other Audio-Visual Means (VC/OAVM) only. The deemed venue for the meeting is the Registered Office of the Company at Martin Burn Business Park, Room No. 902, BP-3, Salt Lake, Sector-V, Kolkata, West Bengal, India-700091.

Ordinary Business Agenda

1. Adoption of Financial Statements: To receive, consider and adopt:

  • The Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
  • The Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.

2. Director Re-appointment: To appoint Mr. Sanjive Sehgal (DIN: 00787232) as a Director of the Company, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.

Special Business Agenda

3. Material Related Party Transactions: To approve Material Related Party Transactions of the Company with its Step-down Subsidiary, Nerbe Plus GmbH & Co. KG ("Nerbe") for an aggregate amount not exceeding ₹3,750 Million (Indian Rupees Three Thousand Seven Hundred Fifty Million Only).

  • Transaction Period: From the conclusion of the 43rd AGM until the conclusion of the 44th AGM to be held in calendar year 2027, provided the period shall not exceed fifteen months.
  • Nature of Transactions: Sale, purchase or supply of goods or services, or any other transactions in the ordinary course of business on an arm's length basis.
  • Rationale: Nerbe is a well-established trader in Germany marketing and distributing plastic labware products. This arrangement helps expand the Company's global reach with significant market coverage in Europe.
  • Financial Context: The proposed limit represents 88.75% of the Company's annual consolidated turnover of ₹4,225.13 Million for FY 2025-26.
  • Approval Mechanism: Requires Ordinary Resolution, with related parties abstaining from voting as per SEBI LODR Regulations.

4. Waiver of Excessive Managerial Remuneration: To approve and ratify the waiver of recovery of excess managerial remuneration aggregating to ₹41.39 Million (Indian Rupees Forty-one Million Three Hundred Ninety Thousand Only) paid during FY 2025-26.

  • Breakdown of Excess Payment:
  • Executive Directors (Mr. Sanjive Sehgal, Chairman & MD and Mr. Aryan Sehgal, Whole-Time Director): ₹40.18 Million excess of the ₹80.00 Million total paid.
  • Non-Executive Directors (Except Nominee Director): ₹1.21 Million excess of the ₹5.19 Million total paid (against fixed annual remuneration of ₹1.20 Million per director).
  • Legal Basis: Pursuant to Sections 197, 198 read with Schedule V of the Companies Act, 2013, which requires such excess to be refunded unless waived by members via Special Resolution.
  • Rationale: The Board considers the remuneration commensurate with roles, responsibilities, and contributions, and aligned with prevailing practices.

Voting Information

  • Cut-off Date: Thursday, September 17, 2026 (Record date for determining members entitled to vote)
  • Remote e-Voting Period: From 09:00 A.M. (IST) on Monday, September 21, 2026, up to 05:00 P.M. (IST) on Wednesday, September 23, 2026, via NSDL.
  • Scrutinizer: M/s. Manisha Saraf & Associates, Practicing Company Secretary, appointed to scrutinize the voting process.
  • Results Publication: To be published on the company website (www.tarsons.com) and NSDL website (www.evoting.nsdl.com) within two working days of the AGM conclusion, and simultaneously communicated to the stock exchanges.

Document Distribution

  • The Notice of AGM along with the Annual Report for FY 2025-26 is being sent electronically to members whose email IDs are registered with the Company/Depositories/RTA.
  • The documents are also available on the Company's website (www.tarsons.com), stock exchange websites (BSE and NSE), and the NSDL e-Voting website.

Additional Information

  • The company confirms it has not committed any default in repayment of dues to any bank, financial institution, NCD holders, or other secured creditors.
  • The Register of Directors and Key Managerial Personnel, Register of Contracts, and other relevant documents will be available for electronic inspection by members.
  • Members can submit questions in advance via email to investor@tarsons.com or info@tarsons.com between September 7-11, 2026.