AGM Details

The 38th Annual General Meeting will be held on Thursday, 10th September 2026 at 03:00 PM IST through Video Conferencing/Other Audio Visual Means. The deemed venue is the Registered Office at B-23, Sector-63, Noida, Uttar Pradesh.

Business Items

Ordinary Business:

1. To receive, consider and adopt Audited Financial Statements for FY ended 31st March 2026 with Reports of Board of Directors and Auditors

2. To reappoint Mr. Vinod Paremal (DIN: 08803466) as Director retiring by rotation

Special Business:

3. To appoint Mr. Manmohan Juneja (DIN: 00464238) as Non-Executive Independent Director for 5 years from 4th August 2026 to 3rd August 2031

Financial Highlights (FY 2025-26)

  • Turnover: ₹Nil (Previous Year: ₹22.41 million)
  • Other Income: ₹3.66 million (Previous Year: ₹22.41 million)
  • Total Expenditure: ₹30.37 million (Previous Year: ₹45.06 million)
  • Loss Before Tax: ₹26.71 million (Previous Year: ₹22.65 million)
  • Tax Expense: ₹0.92 million (Previous Year: ₹5.64 million)
  • Net Loss: ₹27.63 million (Previous Year: ₹28.29 million)
  • Reserves & Surplus: ₹(286.64) million (Previous Year: ₹(259.01) million)
  • Cash & Cash Equivalents: ₹52.15 million (95% of total assets)
  • Current Liabilities: ₹1.54 million (Previous Year: ₹21.92 million)
  • Basic EPS: ₹(0.44) per share (Previous Year: ₹(0.45) per share)

Liquidation Status

  • Voluntary liquidation process initiated 25th June 2021 under Insolvency and Bankruptcy Code, 2016
  • Liquidator: Ms. Kapila Gupta (Registration no. IBBI/IPA-001/IP-P-02564/2021-2022/13955)
  • Plant assets sold during FY 2023-24 - no operations since then
  • Liquidation proceeds of ₹4.58 per equity share distributed to shareholders as of record date 11th March 2025
  • Total distribution: ₹287.235 million, with ₹14.293 million initially unpaid via banker's cheques
  • ₹10.646 million deposited with IBBI due to non-traceability of shareholders
  • Dissolution Application (CP (IB) No. 87 of 2025) filed before NCLT Allahabad Bench
  • IBBI, ROC, and SEBI have filed no-objection reports; Income Tax Department yet to respond
  • Next hearing date: 12th June 2026

Director Changes

  • Ms. Priya Singhal appointed as Company Secretary w.e.f. 8th May 2025
  • Mr. Rajeev Agarwal ceased as CFO w.e.f. 21st July 2025, reappointed w.e.f. 13th August 2025
  • Ms. Chaitali Talele appointed as Managing Director w.e.f. 10th October 2025, resigned w.e.f. 13th February 2026
  • Mr. Vinod Paremal changed from Executive to Non-Executive Director w.e.f. 10th October 2025
  • Ms. Shivangi Negi appointed as Managing Director w.e.f. 14th February 2026
  • Ms. Deepa Jha appointed as Additional Director w.e.f. 13th February 2026

Auditor Information

  • Statutory Auditor: M/s. Shiv & Associates Chartered Accountants (Firm Registration No. 009989N)
  • Auditor's Report contains qualified opinion regarding going concern assumption and pending litigation
  • Internal Auditor: M/s. APT and Co LLP Chartered Accountants
  • Secretarial Auditor: M/s. Nityanand Singh & Co., Practicing Company Secretaries

Litigation Matters

  • 36 former employees have filed cases in Labour Court, Rampur seeking reinstatement and challenging VRS payments
  • Case designated with Bijender Singh v Insilco Ltd. as lead matter
  • Company has filed applications seeking refund of VRS amounts by claimants
  • Matter reserved for orders on 3rd July 2025

Shareholding Pattern (as on 31st March 2026)

  • Promoters (Evonik India Private Limited): 73.11%
  • Public Shareholders: 26.89%
  • Total Shares: 62,715,000 equity shares of ₹10 each
  • Dematerialized Holdings: 96.21%
  • Physical Holdings: 3.79%

Important Dates

  • Book Closure: 4th September 2026 to 10th September 2026
  • Remote e-Voting Period: 5th September 2026 (9:00 AM) to 9th September 2026 (5:00 PM)
  • Cut-off Date for Voting: 3rd September 2026

Voting Arrangements

  • NSDL appointed as e-Voting service provider
  • Physical attendance dispensed with due to VC/OAVM meeting
  • Scrutinizer: Mr. Nityanand Singh, Proprietor of M/s. Nityanand Singh & Co.

#Tags: #InsilcoLimited #VoluntaryLiquidation #SEBIDisclosure #NCLT #AGM2026 #FinancialResults #CorporateGovernance #Neutral