AGM Details

The 34th Annual General Meeting is scheduled for Friday, 18th September 2026 at 12:00 PM IST at the registered office at Chhoti Nehar, Malakpur, Pathankot-145025, Punjab. The meeting will be conducted in physical mode.

E-Voting Details

  • Cut-off date for e-voting: 11th September 2026
  • E-voting period: 14th September 2026 (9:00 AM) to 17th September 2026 (5:00 PM)
  • Scrutinizer: Mr. Baldev Singh Kashtwal, Practicing Company Secretary
  • NSDL appointed as e-voting service provider

Business to be Transacted

Ordinary Business:

1. Adoption of audited financial statements for FY ended 31st March 2026 with reports of Board and Auditors

2. Re-appointment of Mr. Sanjeev Kumar Kohli (DIN: 07144225) as director retiring by rotation

3. Re-appointment of M/s Piyush Mahajan & Associates as Statutory Auditors for second term of 5 years at remuneration of ₹30,000 plus GST for FY 2026-27

Special Business:

4. Re-appointment of Mr. Jagat Mohan Aggarwal (DIN: 00750120) as Chairman cum Managing Director for 3 years from 25th May 2026 to 24th May 2029

5. Approval of related party transactions with Carnation Greens India LLP for aggregate value not exceeding ₹70,00,000 during FY 2026-27 for lease/hiring of vehicles and assets

Financial Performance (FY 2025-2026)

  • Revenue from Operations: ₹102.43 lakhs (previous year: ₹103.39 lakhs)
  • Other Income: ₹25.70 lakhs (previous year: ₹42.52 lakhs)
  • Total Income: ₹128.14 lakhs (previous year: ₹145.91 lakhs)
  • Total Expenses: ₹213.51 lakhs (previous year: ₹137.23 lakhs)
  • Operating Expenditure: ₹156.21 lakhs (previous year: ₹135.90 lakhs)
  • Depreciation: ₹57.29 lakhs (previous year: ₹1.33 lakhs)
  • Loss Before Tax: ₹(127.65) lakhs (previous year: profit of ₹8.68 lakhs)
  • Net Loss: ₹(125.51) lakhs (previous year: profit of ₹8.32 lakhs)
  • Exceptional Item: Write-off of MAT credit entitlement of ₹42.28 lakhs due to transition to tax regime under Section 115BAA
  • No dividend declared for FY 2025-2026

Capital Structure

  • Authorized Share Capital: ₹500.00 lakhs (50,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹435.85 lakhs (43,32,300 fully paid shares + 65,600 forfeited shares partly paid at ₹4 per share)
  • No change in share capital during the year

Board Composition and Changes

  • Mr. Jagat Mohan Aggarwal: Chairman cum Managing Director (DIN: 00750120)
  • Mr. Sanjeev Kumar Kohli: Non-Executive Director (DIN: 07144225)
  • Ms. Ritu Sharma: Independent Director (appointed 1st October 2025, DIN: 11239320)
  • Mr. Narinder Kumar: Independent Director (DIN: 10728376)
  • Mrs. Neeraj P. Sharma ceased as Independent Director on 30th September 2025 after completing two terms

Key Managerial Personnel

  • Mr. Jagat Mohan Aggarwal: Chairman cum Managing Director
  • Mr. Shyam Manohar Parashar: Chief Financial Officer
  • Mrs. Dharna Bhatia: Company Secretary & Compliance Officer (Membership No: A51229)

Auditor Appointments

  • Statutory Auditors: M/s Piyush Mahajan & Associates, Chartered Accountants (Firm Reg. No: 028669N)
  • Secretarial Auditors: M/s Karan Khurana & Associates, Company Secretaries
  • Internal Auditors: M/s Yudhister Sharma & Co., Chartered Accountants

Related Party Transactions

  • Transactions with Pioneer Industries Private Limited (common director): Purchase of raw materials ₹100.15 lakhs
  • Loan to Pioneer Industries Private Limited: Outstanding balance ₹134.17 lakhs as on 31st March 2026
  • Interest received on loan: ₹25.47 lakhs
  • Proposed transactions with Carnation Greens India LLP: ₹70 lakhs limit for FY 2026-27

Corporate Governance Compliance

  • Five Board meetings held during FY 2025-2026
  • All applicable SEBI LODR regulations complied with
  • Vigil Mechanism/Whistle Blower Policy in place
  • No instances of fraud reported by auditors
  • No material orders passed by regulators/courts

Other Significant Disclosures

  • Book closure: 12th September 2026 to 18th September 2026
  • MAT credit of ₹42.28 lakhs written off due to transition to new tax regime
  • Settlement of VAT and CST demands under Punjab OTS scheme: ₹18.19 lakhs paid
  • Fixed assets increased significantly with addition of ₹310 lakhs (mainly vehicles)
  • Median employee remuneration: ₹9,48,672 (4.98% increase from previous year)

Registered Office and Contact Information

Pioneer Agro Extracts Limited, Chhoti Nehar, Malakpur, Pathankot-145025, Punjab

Tel: +91-186-2345352/53/54, Email: complianceofficer@pioneeragro.co.in