Key Event Details
The Extra-Ordinary General Meeting of Mohite Industries Limited, originally scheduled for Monday, 08th June 2026 at 11:00 AM, could not be conducted due to the absence of the requisite quorum.
In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company, the meeting stands adjourned. The adjourned EOGM will be held on Monday, 15th June 2026 at 11:00 AM at the Registered Office of the Company at R. S. NO. 347, Ambapwadi Phata, Off. NH-4, Vadgaon, Tal.-Hatkanangale, Dist.-Kolhapur–416112.
The business to be transacted remains unchanged from the original notice and consists of three special resolutions:
Special Business Items
1. Regularization of Mr. Sangramsinh Subhashrao Nimbalkar (DIN: 00508548) as a Non-Executive Independent Director
- Mr. Nimbalkar was appointed as an Additional Director with effect from 09 March 2026 under Section 161 of the Companies Act, 2013.
- The resolution seeks to regularize his appointment as a Non-Executive Independent Director, not liable to retire by rotation, effective from 09 March 2026.
- He is proposed to be appointed for a term of 5 consecutive years.
- The Company has received a declaration from him confirming he meets the independence criteria under the Act and SEBI Listing Regulations.
- His qualifications: Diploma in Civil Engineering. Age: 54 years (DOB: 12/07/1971). Nationality: Indian. Shareholding: Nil. Holds directorships in 3 other unlisted companies.
2. Reappointment of Bhushan Madhukar Deshpande (DIN: 08861720) as a Non-Executive Independent Director
- Mr. Deshpande was first appointed on 24 October 2020 for a five-year term.
- The resolution seeks his reappointment for a second term of five consecutive years, up to 23rd October 2030.
- He is not liable to retire by rotation.
- He will be paid fees, remuneration, and profit-related commission as approved by the Board, subject to prescribed limits.
- The Company has received a declaration from him confirming he meets the independence criteria.
- His qualifications: Diploma in Pharmacy. Age: 57 years (DOB: 09/07/1968). Nationality: Indian. Shareholding: Nil. Holds directorship in 1 other unlisted company.
3. Reappointment of Nikhil Vijay Nawandhar (DIN: 01291811) as a Non-Executive Independent Director
- Mr. Nawandhar was first appointed on 24 October 2020 for a five-year term.
- The resolution seeks his reappointment for a second term of five consecutive years, up to 23rd October 2030.
- He is not liable to retire by rotation.
- He will be paid fees, remuneration, and profit-related commission as approved by the Board, subject to prescribed limits.
- The Company has received a declaration from him confirming he meets the independence criteria.
- His qualifications: Chartered Accountant. Age: 42 years (DOB: 22/03/1984). Nationality: Indian. Shareholding: Nil. Holds directorship in 1 other unlisted company.
Voting and Shareholder Information
- The Record Date (Cut-Off Date) for determining members entitled to vote is Monday, 01st June 2026.
- Remote e-voting for the adjourned EOGM had already ended on 07th June 2026 at 5:00 PM. Members who voted via remote e-voting may attend the adjourned meeting but cannot vote again.
- Voting rights are proportional to the paid-up equity share capital as of the Record Date.
- CS Sachin Bidkar (Membership No A27380 & CP No 14666) has been appointed as the Scrutinizer.
- The results, along with the Scrutinizer's report, will be placed on the company's website (www.mohite.com) and communicated to BSE Limited within 48 hours of the meeting's conclusion.
- The notice is being issued pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI (LODR) Regulations, 2015.
Registrar and Share Transfer Agent
MUFG Intime India Private Limited (Previously Known as Link Intime India Private Limited) acts as the Registrar and Share Transfer Agent. Their address is C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083.