Welterman International Limited has issued notice for its 34th Annual General Meeting (AGM) scheduled to be held on Wednesday, September 30, 2026, at 11:30 a.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with MCA circulars permitting virtual meetings.
Ordinary Business
1. Adoption of Financial Statements: To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors.
2. Director Reappointment: To appoint Mrs. Huma Madani (DIN: 07964833) who retires by rotation and is eligible for reappointment. She was initially appointed on May 29, 2018, holds no shares in the company, and attended 8 board meetings during the year. Her qualifications include HSC with over 16 years of experience in marketing of fertilizers.
Special Business
3. Appointment of Independent Director: To approve the appointment of Ms. Shruti Gupta (DIN: 08569311) as an Independent Non-Executive Director of the Company effective March 31, 2026, for a period of 5 consecutive years until March 30, 2031. She was appointed as an Additional Director by the Board on March 31, 2026, based on the recommendation of the Nomination and Remuneration Committee.
Ms. Gupta holds qualifications of CS, LLB, M.Com, MBA (Finance) with over 11 years of experience in corporate law advisory, board governance, regulatory compliance, and strategic legal advisory. She holds no shares in the company and serves as director in six other public companies: Umang Boards Limited, Riwind Green Energy Limited, Nalwa Steel And Power Limited, Jindal Steel Andhra Limited, Jindal Projects And Engineers Limited, and Jindal Paradip Port Limited. She is a member of the Audit Committee in four of these companies.
Voting Arrangements
The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive).
Remote e-voting will be available through CDSL from September 27, 2026, at 9:00 a.m. to September 29, 2026, at 5:00 p.m. (IST). The cut-off date for determining voting rights is September 23, 2026. Members holding shares as of this date may vote electronically.
The company has appointed Mr. Devesh Pathak, Proprietor of M/s. Devesh Pathak & Associates, Practising Company Secretaries, Vadodara, as Scrutinizer to oversee the voting process.
Shareholder Participation
The AGM will have limited capacity for 1000 participants on a first-come-first-served basis, though large shareholders (holding 2% or more), promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors are exempt from this restriction. Shareholders must register 15 minutes prior to the meeting and can join up to 15 minutes after the scheduled start time.
Document Availability
The Notice and Annual Report for FY 2025-26 are available on the company's website (www.welterman.com), BSE website (www.bseindia.com), and CDSL e-voting portal (www.evotingindia.com). Physical copies are available upon request by email to companysecretary.wil@gmail.com.