Resolution 1: Re-appointment of Mr. Raju R. Adhia as Manager
Type: Special Resolution
Purpose: Re-appointment of Mr. Raju R. Adhia as Manager for five years effective from member approval date
Special Provision: Approval granted notwithstanding that he will attain age of 70 years on 10th June, 2030 during tenure
Remuneration: Terms and conditions as set out in explanatory statement, with provision for remuneration in absence/inadequacy of profits
Voting Result:
In Favour: 30 members (826,859 votes, 98.6213%)
Against: 4 members (11,559 votes, 1.3787%)
Abstain/Invalid: Nil
Resolution 2: Alteration of Articles of Association
Type: Special Resolution
Purpose: Insertion of new Article 63A permitting buy-back of securities
Buy-back Details: Company may purchase own shares out of free reserves, securities premium account, or other permissible sources through various methods including tender offer, open market purchase, or book-building
Voting Result:
In Favour: 31 members (826,864 votes, 98.6219%)
Against: 3 members (11,554 votes, 1.3781%)
Abstain/Invalid: Nil
Resolution 3: Appointment of Statutory Auditors
Type: Ordinary Resolution
Purpose: Appointment of M/s. V K Beswal & Associates, Chartered Accountants (Firm Registration No. 101083W) to fill casual vacancy caused by resignation of M/s. P.R. Agarwal & Awasthi
Tenure: From approval date until conclusion of next Annual General Meeting
Remuneration: To be determined by Board of Directors
Voting Result:
In Favour: 31 members (827,192 votes, 98.6610%)
Against: 3 members (11,226 votes, 1.3390%)
Abstain/Invalid: Nil
Resolution 4: Related Party Transaction with Biodegradable Products India Limited
Type: Ordinary Resolution
Purpose: Continuation and modification of existing Inter-Corporate Deposit(s)/Loan(s) arrangement with BPIL
Transaction Details:
Duration: Five financial years from FY 2026-27 to FY 2030-31
Maximum Exposure: ₹20 Crores aggregate principal outstanding at any time
Repayment Terms: Each ICD repayable within 6 years from disbursement date
Interest Payment: Annually within three months from close of each financial year
Security Arrangement: Creation of joint mortgage over BPIL's immovable property ranking pari passu with other related party lenders (AMJ Land Holdings Limited, 3P Land Holdings Limited, Chem Mach Private Limited, Suma Commercial Private Limited)
Total Secured Amount: Mortgage to secure aggregate obligations not exceeding ₹200 Crores
Voting Result:
In Favour: 24 members (77,842 votes, 87.3961%)
Against: 3 members (11,226 votes, 12.6039%)
Abstain/Invalid: Nil
Postal Ballot Process Details
Board Approval Date: 13th August, 2026
Cut-off Date: 18th September, 2026
Notice Dispatch: 22nd September, 2026 through NSDL via electronic mode
Public Notice: Published in Free Press Journal (Mumbai, Bhopal, Indore editions) and Navshakti (Mumbai edition) on 23rd September, 2026
Voting Period: 23rd September, 2026 (9:00 AM IST) to 22nd October, 2026 (5:00 PM IST)
Scrutinizer: Ms. Sarvari Shah (FCS 9697, COP 11717) of M/s. Parikh and Associates, with Ms. Urvashi Pandya (FCS 11797, COP 28101) as alternate
