Addendum to 46th AGM Notice adds shareholder approval for related party guarantees and mortgages
An addendum has been issued to the 46th AGM notice dated 5th September, 2026.
By ScoutQuest · · 2 min read
- AGM Date
- Wednesday, 30th September, 2026 at 01.00 P.M. via video conferencing
- Related Party Transaction Type
- Personal guarantees and mortgage of property by 7 promoter-group individuals and corporate guarantee from Swanayra Global LLP
- Transaction Limit Per Party
- 50 crores each
- Omnibus Approval Period
- 01.10.2026 to 30.09.2027
- Voting Eligibility
- Only public shareholders; related parties must abstain
What was shared
The company has issued an Addendum to the Notice of its 46th Annual General Meeting dated 5th September, 2026. The AGM is scheduled for Wednesday, 30th September, 2026 at 01.00 P.M. through Video Conferencing / Other Audio Visual Means. All other terms of the original Notice remain unchanged.
The new item of business
Item No. 5 is added as Special Business, to be passed as an Ordinary Resolution: approval for material related party transactions relating to guarantees and mortgage under Section 188 of the Companies Act, 2013, Regulation 23 of SEBI LODR and IND AS 24.
The Audit Committee and the Board, at their respective meetings held on 25th September, 2026, considered, approved and recommended these transactions for members' approval.
Parties and amounts
- Mr. Manmohan Shreegopal Agrawal (Whole Time Director and CFO) — personal guarantee and mortgage of property — 50 crores
- Mr. Sarvesh Manmohan Agrawal (Promoter, Chairman and Managing Director) — personal guarantee and mortgage of property — 50 crores
- Mr. Jagdishprasad Shreegopal Agrawal (Non-Executive Non-Independent Director) — personal guarantee and mortgage of property — 50 crores
- Mr. Sunilkumar Shreegopal Agrawal — personal guarantee and mortgage of property — 50 crores
- Mrs. Priti Jagdishprasad Agrawal — personal guarantee and mortgage of property — 50 crores
- Mrs. Manjulaben Manmohan Agrawal — personal guarantee and mortgage of property — 50 crores
- Mrs. Sonal Sunilkumar Agrawal — personal guarantee and mortgage of property — 50 crores
- Swanayra Global LLP (promoter group; designated partners Mr. Sarvesh Agrawal and Mr. Manmohan Agrawal) — corporate guarantee — 50 crores
Validity and voting
The omnibus approval, if passed, is valid from 01.10.2026 to 30.09.2027, covering material related party transactions entered into during that period, stated to be in the ordinary course of business and on an arm's length basis. All related parties must abstain from voting; the resolution is to be passed only by the votes of public shareholders under Regulation 23(4).
Disclosed shareholdings and past dealings
- Mr. Manmohan Agrawal holds 3,000 fully paid-up equity shares and 2,00,000 partly paid-up equity shares; also indirectly through Swanayra Global LLP (8.73%).
- Mr. Sarvesh Manmohan Agrawal holds 50,80,532 fully paid-up equity shares and 20,54,574 partly paid-up equity shares; also indirectly through Swanayra Global LLP (26.19%).
- Mrs. Sonal Sunilkumar Agrawal holds 2,000 fully paid-up and 50,000 partly paid-up equity shares.
- Swanayra Global LLP holds 3,000 fully paid-up and 1,60,00,000 partly paid-up equity shares. Partner contributions are 75% (Sarvesh) and 25% (Manmohan).
- FY 2025-26 directors' remuneration: Mr. Manmohan Agrawal 3,50,000.00; Mr. Sarvesh Agrawal 26,00,000.00. Current-year amounts up to the preceding quarter: INR 1,50,000/- and INR 6,00,000/- respectively. No defaults by these related parties were reported for the last financial year.
How to read this
Guarantees and mortgages of property by promoters and family are commonly given to support company borrowings. Shareholders are being asked to authorise such arrangements within stated limits for a one-year window, with only public shareholders eligible to vote.
Also from Annvrridhhi Ventures
Board approves material related party transactions on guarantees and mortgage, up to Rs. 50 crores each with 8 related parties
25 Sep 2026
More numbers
- Guarantee/mortgage limit per related party50 crores
- Number of related parties covered8
- Manmohan Agrawal fully paid-up shares3,000
- Manmohan Agrawal partly paid-up shares2,00,000
- Manmohan Agrawal indirect holding via Swanayra Global LLP8.73%
- Sarvesh Agrawal fully paid-up shares50,80,532
- Sarvesh Agrawal partly paid-up shares20,54,574
- Sarvesh Agrawal indirect holding via Swanayra Global LLP26.19%
- Swanayra Global LLP partly paid-up shares held1,60,00,000
- Manmohan Agrawal directors' remuneration FY 2025-263,50,000.00
- Sarvesh Agrawal directors' remuneration FY 2025-2626,00,000.00
- Sarvesh Agrawal current FY transactions to preceding quarterINR 6,00,000/-
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