Meeting Details
- Date: Monday, 24th August 2026
- Time: 11:00 a.m.
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type: 103rd Annual General Meeting
Resolutions Proposed
Ordinary Business
1. Adoption of the Statement of Profit and Loss for the year ended 31st March, 2026, Balance Sheet as at that date and the Reports of the Board of Directors and the Auditors thereon (Ordinary Resolution)
2. Confirmation of payment of First and Second Interim Dividends and declaration of Final Dividend for the financial year ended 31st March, 2026 (Ordinary Resolution)
3. Appointment of a Director in place of Shri Ananta Mohan Singh (DIN: 03594804) who retires by rotation and being eligible offers himself for re-appointment (Ordinary Resolution)
Special Business
4. Appointment of Shri Rajendra Nath Ghosal (DIN: 00308865) as a Director of the Company (Ordinary Resolution)
5. Approval of the appointment of Shri Rajendra Nath Ghosal (DIN: 00308865) as Managing Director of the Company from 1st June, 2026 to 31st March, 2027 (Special Resolution)
6. Approval of related party transactions with Standard Greases & Specialities Private Limited for the sale, purchase or supply of goods/materials and rendering or availing of services (Ordinary Resolution)
7. Approval of related party transactions with ENEOS VCL India Private Limited for the sale, purchase or supply of goods/materials and rendering or availing of services (Ordinary Resolution)
8. Ratification of remuneration of Rs. 3.00 lakhs plus out-of-pocket expenses payable to M/s. Harshad S. Deshpande & Associates (Reg. No. 000038) for undertaking Cost Audit for the financial year 2026-27 (Ordinary Resolution)
Voting Process and Methods
- Remote e-voting commenced at 10:00 a.m. on Friday, 21st August, 2026 and ended at 5:00 p.m. on Sunday, 23rd August, 2026
- E-voting facility was also available during the AGM for members who had not cast votes through remote e-voting
- Voting was conducted on the NSDL platform
- Shri Manoj Prasad Shaw, Practicing Company Secretary, was appointed as the Scrutinizer for scrutinizing the remote e-voting process and e-voting during the AGM
Meeting Proceedings
- The meeting was chaired by Shri D. S. Chandavarkar, Chairman of the Board of Directors
- Total 58 Members attended the AGM through VC/OAVM
- The Chairman delivered his speech and introduced the Directors attending physically and through VC/OAVM
- Members were briefed on the Ordinary Business and Special Business items
- Members who registered as Speakers were given opportunity to ask questions or seek clarifications on Agenda items
- The Chairman and Managing Director responded to queries raised by Members
- The registers and documents, as statutorily required, were available for inspection through electronic mode during the AGM
- The proceedings concluded at 12:07 pm
Compliance and Reporting
- The meeting was conducted in conformity with regulatory provisions and Circulars issued by the Ministry of Corporate Affairs, Government of India
- The combined result of e-voting and voting during the AGM was to be put on the Company's website within 2 working days from the conclusion of the 103rd AGM