Board Meeting Details

The Board of Directors meeting was held on August 13, 2026, commencing at 01:40 PM and concluding at 03:47 PM.

Key Matters Approved

1. Financial Results Approval

  • Approved un-audited standalone financial results for the quarter ended June 30, 2026
  • Results include Auditor's Report from M.L. Bhuwania And Co LLP
  • Financial results were reviewed by the Audit Committee

2. Revision in Investment Disposal Plan

  • Approved revision in the proposed mode of sale/disposal of investment in Alliance Asia Pac Pte. Ltd., Singapore
  • Decision based on commercial and strategic considerations, including suitability of proposed transferee and transaction structure
  • Previous proposal to transfer investment to individual promoters will not be implemented
  • Approved transfer of 143,750 shares at $1.55 USD per share to two entities:
  • 91,281 equity shares to Duratech Cements India Limited (CIN: U26933CH2014PLC042728)
  • 52,469 equity shares to Imperial Marketing Services India Pvt Ltd (CIN: U74110CH1990PTC010582)
  • Transaction subject to shareholders' approval and other applicable approvals
  • Postal Ballot Notice to be issued for fresh shareholders' approval
  • Earlier approved proposal for transfer to individual promoters will stand superseded upon obtaining requisite approvals for revised transaction

3. Postal Ballot Approval

  • Approved draft Postal Ballot Notice seeking shareholder approval for sale/disposal of investment in foreign entity under Companies Act, 2013 provisions

4. Scrutinizer Appointment

  • Appointed Mr. Rajeev Kumar Sanger, Proprietor of M/s. Sanger & Associates Company Secretaries, as Scrutinizer for Postal Ballot process

5. Auditor Reappointment

  • Recommended to shareholders for approval the re-appointment of M/s. M.L BHUWANIA AND CO LLP as Statutory Auditors for 2 years

Financial Results Overview

The document includes a Statement of Unaudited Financial Results for the quarter ended June 30, 2026, prepared in accordance with IND AS 34 and reviewed by M.L. Bhuwania And Co LLP. The actual financial figures appear to be presented in a table format within the document, but the specific numerical data is not clearly extractable from the provided text due to formatting issues.

Investment Disposal Details

  • Target Entity: Alliance Asia Pac Pte. Ltd., Singapore (incorporated April 2022)
  • Business: Intermediate holding company owning soap manufacturing plant in North Sumatra, KEK Sei Mangkei, Indonesia through PT Consumer Products Indonesia
  • Operations: Factory operational since October 2022, currently in ramp-up phase planning further expansion
  • Customers: Serves Unilever PLC and its subsidiaries/affiliates
  • Transaction Type: Sale of 19.33% stake (143,750 shares)
  • Consideration: USD 222,812.5 aggregate (at $1.55 per share)
  • Payment Mode: Cash
  • Regulatory Approvals: Falls under automatic route of FEMA provisions, no specific governmental approvals required
  • Timeframe: Subject to shareholder approval and completion of applicable formalities

Auditor Reappointment Details

  • Firm: M.L. Bhuwania And Co LLP (FRN No. 101484W/W100197)
  • Partner: Ashishkumar Bairagra
  • Term: 2 years (2026-27 & 2027-28)
  • Tenure: From conclusion of 44th AGM till conclusion of 46th AGM
  • Profile: Established in 1954, converted to LLP in March 2017, peer-reviewed firm