Meeting Details
The 17th Annual General Meeting of Zuari Agro Chemicals Limited was held on Wednesday, September 16, 2026 at 3:30 PM IST through video conferencing/other audio visual means. The meeting concluded at 4:06 PM IST.
Attendance
Chairman: Mr. Saroj Kumar Poddar (Chairman of the Company)
Directors Present:
- Mr. Dipankar Chatterji (Independent Director, Chairman of Audit Committee & Chairman of Nomination & Remuneration Committee)
- Mr. Pramod Kumar Gupta (Chairman of Stakeholders Relationship Committee)
Directors Absent:
- Mr. Amandeep (Independent Director)
- Mrs. Reena Suraiya (Independent Director)
Officials Present:
- Mrs. Asheeba Pereira (Company Secretary)
- Mr. Manish Malik (Chief Financial Officer)
- Representatives of Statutory Auditors
- Secretarial Auditor/scrutinizers
Business Transacted
Ordinary Business:
1. Adoption of Financial Statements: Ordinary resolution passed to receive, consider and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements for the financial year ended March 31, 2026, along with reports of Board of Directors and Auditors.
2. Re-appointment of Director: Ordinary resolution passed to re-appoint Mr. Saroj Kumar Poddar (DIN: 00008654) who retires by rotation and offered himself for re-appointment.
3. Re-appointment of Auditors: Ordinary resolution passed to re-appoint M/s. K.P. Rao & Co., Chartered Accountants (Firm Registration No. 003135S) as Statutory Auditors for a second term of five consecutive years, from the conclusion of the 17th Annual General Meeting until the conclusion of the 22nd Annual General Meeting, and to fix their remuneration.
Special Business:
4. Material Related Party Transactions: Ordinary resolution passed to approve material related party transactions proposed to be entered into by Zuari Farmhub Limited (unlisted subsidiary) with Paradeep Phosphates Limited during financial year 2026-27, up to an aggregate amount not exceeding ₹550 Crore.
5. Continuation of Chairman: Special resolution passed to consider and approve continuation of Mr. Saroj Kumar Poddar (DIN: 00008654) as a Non-Executive, Non-Independent Director and Chairman of the Company, who is above the age of seventy-five years and is liable to retire by rotation.
Voting Procedures
- Members were provided remote e-voting facility to cast votes electronically on all resolutions
- Facility of e-voting at AGM was also made available for members participating through VC/OAVM who did not cast votes by remote e-voting
- Mr. Shivaram Bhat, Secretarial Auditor, Practicing Company Secretary (Membership No. 10454) was appointed as Scrutinizer
- Consolidated voting results will be made available on company website within 2 working days of conclusion of AGM
- Results will be forwarded to stock exchanges as per Regulation 44(3) of SEBI (LODR) Regulations, 2015
Shareholder Participation
Out of 5 registered speaker members, only 1 attended the meeting. Queries were addressed suitably during the meeting.