Meeting Details
This is a Postal Ballot process without a physical meeting. The voting period commences on Thursday, October 15, 2026 at 09:00 A.M. (IST) and ends on Friday, November 13, 2026 at 05:00 P.M. (IST). The cutoff date for determining shareholder eligibility is Friday, October 9, 2026.
Proposed Resolutions and Implications
The Company seeks approval for two ordinary resolutions:
Resolution 1: Approval for Material Related Party Transactions with IMC SOLAR BDN LLP under Regulation 23 of SEBI Listing Regulations, with an aggregate value not exceeding ₹550 crore (Five Hundred and Fifty Crores). The transactions include:
- Sale/purchase/supply of goods/materials/project-related services: Up to ₹200 crore
- Availing/rendering of services: Up to ₹50 crore
- Loans/advances/inter-corporate deposits: Up to ₹100 crore aggregate outstanding
- Investments: Up to ₹100 crore
- Guarantees/surety/indemnity: Up to ₹100 crore
Resolution 2: Approval for Material Related Party Transactions with BN UP KUSUM SOLAR 1 PRIVATE LIMITED under Regulation 23 of SEBI Listing Regulations, with an aggregate value not exceeding ₹600 crore (Six Hundred Crores). The transactions include:
- Sale/purchase/supply of goods/materials/project-related services: Up to ₹100 crore
- Availing/rendering of services: Up to ₹50 crore
- Loans/advances/inter-corporate deposits: Up to ₹150 crore aggregate outstanding
- Investments: Up to ₹150 crore
- Guarantees/surety/indemnity: Up to ₹150 crore
Both transactions are considered material as they exceed 10% of the company's annual standalone turnover (312% for IMC Solar and 340% for BN UP Kusum Solar1 based on FY 2025-26 figures).
Voting Process and Methods
The Company will conduct remote e-voting only through CDSL's platform (www.evotingindia.com). No physical ballot forms will be accepted. The notice is being sent electronically only to members whose email addresses are registered with the Depository Participants/Depository/Registrar and Share Transfer Agent as of the cutoff date.
Key Voting Outcomes
Voting results are not yet available as the voting period is scheduled from October 15 to November 13, 2026. The results will be announced within two working days after the voting closure and will be displayed on the Company's website (https://www.sanginitachemicals.co.in), NSE website, and CDSL's website.
Scrutinizer's Role and Findings
CS Nishant Rana (Membership No. F10333; CP No. 22302), proprietor of Rana & Associates, Practicing Company Secretaries, has been appointed as Scrutinizer to scrutinize the Postal Ballot process in a fair and transparent manner. The scrutinizer will submit a report to the Chairperson or authorized person upon completion of vote scrutiny.
Compliance with Laws and Regulations
The Company confirms compliance with:
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 110 of the Companies Act, 2013
- Companies (Management and Administration) Rules, 2014
- MCA Circulars Nos. 14/2020, 17/2020, 22/2020, and latest 03/2025 dated September 22, 2025
- Regulation 44 of SEBI Listing Regulations
- Secretarial Standards on General Meetings (SS-2)
Additional Information
The Company's registered office is at A-4th 413 Vihan 273, Opp Vihaan Nirvana Village- Tarapur, Sargasan, Gandhi Nagar, Gujarat, India, 382421. Telephone: 91-8796102401, Email: sanginitachemicals@yahoo.com, Website: www.sanginitachemicals.co.in.
Related parties are defined as: IMC SOLAR BDN LLP (where Company holds 49% through Agastya Green Energy Limited, and Mr. Gaurav Tripathi and Mr. Amit Kalra are Designated Partners) and BN UP KUSUM SOLAR 1 PRIVATE LIMITED (where Company holds 49% through Agastya Green Energy Limited, and Mr. Gaurav Tripathi is a Director).