Brooks Laboratories Limited issued an addendum to its 24th Annual General Meeting (AGM) notice dated 31st July 2026 and the annual report for FY 2025-26. The addendum specifically modifies Resolution No. 4 and its explanatory statement concerning related party transactions.

The AGM is scheduled to be held on Thursday, 3rd September 2026 at 9:00 AM IST through video conferencing/other audio-visual means. The remote e-voting period commences on Monday, 31st August 2026 (9:00 AM IST) and ends on Wednesday, 2nd September 2026 (5:00 PM IST). The cut-off date for determining voting rights is Thursday, 27th August 2026.

Key Modifications to Resolution No. 4

The addendum introduces significant changes to the related party transactions with Brooks Steriscience Limited (BSL), a jointly controlled entity:

Corporate Guarantee Arrangement:

  • The Company had provided a corporate guarantee of ₹48.15 crore in favor of BSL during March 2026
  • This guarantee was approved by the Audit Committee on 6th February 2026
  • The Company now seeks to continue this arrangement with an overall limit of ₹48.15 crore
  • Any further corporate guarantee would require enhancement of this limit and necessary approvals

Transaction Details with BSL for FY 2026-27:

  • Purchase of goods and commission: Up to ₹15 crores
  • Sale of goods and commission: Up to ₹15 crores
  • Job work services and cross charges: Up to ₹5 crores
  • Corporate guarantee: Up to ₹48.15 crore
  • Total proposed transactions: ₹83.15 crore (₹35 crore operational + ₹48.15 crore guarantee)

Financial Impact:

The aggregate value of these transactions represents approximately 96.99% of the annual consolidated turnover of the Company for the immediately preceding financial year.

Other Resolutions for Shareholder Approval

Resolution No. 3: Ratification of remuneration of ₹60,000 plus taxes per financial year to M/s Balwinder & Associates as Cost Auditors for FY 2026-27.

Resolution No. 5: Approval of remuneration for Mr. Atul Ranchal, President (Corporate Strategy) and promoter, effective from 1st September 2026, up to ₹15,00,000 per month.

Resolution No. 6: Approval of remuneration for Mr. Rajesh Mahajan, President - Trading and promoter, effective from 17th July 2026, up to ₹8,00,000 per month.