AGM Details

  • Date: Friday, September 11th, 2026
  • Time: 12:00 P.M.
  • Venue: Hotel Allahabad Regency, 16, Tashkent Marg, Civil Lines, Prayagraj, UP-211001
  • Mode: Physical meeting
  • Record Date: September 4th, 2026 for determining members entitled to vote
  • Book Closure: September 5th to September 11th, 2026 (both days inclusive)

E-Voting Arrangements

  • E-voting period: September 8th, 2026 (9:00 A.M.) to September 10th, 2026 (5:00 P.M.)
  • Service provider: National Securities Depository Limited (NSDL)
  • Voting at venue: Available for members who haven't voted remotely

Ordinary Business

Item No. 1: Adoption of Financial Results

To receive, consider, approve and adopt the Audited Financial Statements for the financial year ended March 31st, 2026, including:

  • Audited Balance Sheet as on March 31st, 2026
  • Statement of Profit and Loss
  • Cash Flow Statement for the year ended March 31st, 2026
  • Reports of the Board of Directors and Auditors

Special Business

Item No. 2: Ratification of Cost Auditor's Remuneration

  • Amount: ₹17,500 plus out-of-pocket expenses
  • Auditor: M/s Shishir Jaiswal & Co.
  • Period: Year ending March 31st, 2027
  • Resolution Type: Ordinary Resolution

Item No. 3: Re-appointment of Mr. Ishwar Chandra Agarwal as Independent Director

  • Director DIN: 09641942
  • Term: Second term of 5 years from June 21, 2027 to June 20, 2032
  • Background: B.Tech, M.Tech, Ph.D from IIT Kanpur, former Director of Motilal Nehru National Institute of Technology, Allahabad
  • Resolution Type: Special Resolution

Item No. 4: Continuation of Mr. Ishwar Chandra Agarwal as Independent Director post age 75

  • Current age: Will turn 83 years in March 2027
  • Continuation until: June 20, 2032
  • Regulatory reference: Regulation 17(1A) of SEBI (LODR) Regulations, 2015
  • Resolution Type: Special Resolution

Item No. 5: Continuation of Mrs. Manju Agarwal as Independent Director post age 75

  • Director DIN: 00778983
  • Will attain 75 years: June 17, 2027
  • Continuation until: March 18, 2031
  • Background: Graduate with over 15 years of directorship experience
  • Resolution Type: Special Resolution

Item No. 6: Related Party Transaction - Supply of Materials

  • Related party: Uttar Pradesh Safety Glass Works Private Limited (UPSGWPL)
  • Nature: Supply of metal and wood items including scrap from factory premises
  • Value: Not exceeding ₹15 lakh per annum
  • Period: 5 years commencing October 1, 2026
  • Relationship: UPSGWPL is promoter group holding 57,275 equity shares (0.45% of total)
  • Audit Committee approval: Obtained on July 28, 2026
  • Materiality: Yes (since company turnover is zero)
  • Interested director: Mr. J.K. Agrawal (his wife Meeta Agrawal is director in UPSGWPL)
  • Resolution Type: Ordinary Resolution

Item No. 7: Related Party Transaction - Lease of Motor Vehicle

  • Related party: Uttar Pradesh Safety Glass Works Private Limited (UPSGWPL)
  • Nature: Lease of motor vehicles on bare lease basis
  • Rental: ₹10,000 per month plus applicable GST
  • Period: 5 years commencing October 1, 2026
  • Vehicle provided: Without operator/driver
  • Audit Committee approval: Obtained on July 28, 2026
  • Materiality: Yes (since company turnover is zero)
  • Interested director: Mr. J.K. Agrawal (his wife Meeta Agrawal is director in UPSGWPL)
  • Resolution Type: Ordinary Resolution

Financial Performance (FY 2025-26)

  • Revenue from operations: ₹0.00 (nil)
  • Other income: ₹38.65 lakhs (Previous year: ₹100.20 lakhs)
  • Total expenditure: ₹113.22 lakhs (Previous year: ₹87.16 lakhs)
  • Net loss: ₹74.57 lakhs (Previous year: profit of ₹8.83 lakhs)
  • EPS: (₹0.59) (Previous year: ₹0.07)
  • Authorized share capital: ₹2,000.00 lakhs
  • Paid-up share capital: ₹1,261.94 lakhs (unchanged)

Operational Highlights

  • Production & Sales: No production or sales during the year
  • Manufacturing status: No manufacturing plant at present
  • Current activities: Refurbishing & renovation of officer flats (72 units) and sale of land
  • Land conversion: Factory land at Iradatganj, Allahabad recently converted from 'Industrial' to 'Residential' use by State Government

Capital Structure

  • 94.84% of paid-up capital (11,968,817 shares) held in dematerialized form
  • 5.16% (650,617 shares) in physical form

Board of Directors

  • Mr. J.K. Agrawal: Managing Director (DIN: 00452816)
  • Mr. A.K. Dhawan: Director Finance (DIN: 00694401)
  • Mrs. Manju Agarwal: Independent Director
  • Mr. Ishwar Chandra Agarwal: Independent Director
  • Mr. Abhishek Jain: Independent Director
  • Mr. Piyush Kesarwani: Independent Director

Corporate Governance

  • Board meetings held during FY 2025-26: 4 (May 8, 2025; July 28, 2025; November 1, 2025; January 28, 2026)
  • Committees: Audit Committee, Nomination & Remuneration Committee, Stakeholder Relationship Committee
  • CSR Committee: Dissolved on October 1, 2025 as company no longer meets applicability criteria

Legal and Regulatory Matters

  • IBC Petition: Laxmi Float Glass Limited filed petition under Section 7 of IBC, 2016 for debt of ₹11.13 crore (not admitted as of March 31, 2026)
  • Tax disputes: Undisputed statutory dues of ₹36.81 lakhs and disputed dues of ₹1,558.21 lakhs pending with various authorities
  • Contingent liabilities: GST penalty case (₹9.87 crore), NCLT case, EPF penalty charges (₹28 lakhs), various other cases at District Court and High Court levels

Dividend

No dividend recommended for FY 2025-26 due to loss position and company's recovery stage.

Important Communications

  • Documents available for inspection at registered office until AGM date
  • Green initiative: Documents sent electronically to members with registered email addresses
  • Members requested to register email addresses for electronic communication

#Tags: #TriveniGlass #AGM2026 #SEBIDisclosure #RegulatoryCompliance #FinancialResults #CorporateGovernance #Negative