32nd AGM Held; 11 Resolutions Put to Vote Including Loan-to-Equity Conversion
The 32nd AGM was held on 29th September, 2026 in Kolkata, with 158 shareholders present in person/proxy.
- AGM Date
- 29th September, 2026
- AGM Location
- Kolkata
- Shareholders Present
- 158 shareholders in person/proxy
- Resolutions Transacted
- 11 items including loan-to-equity conversion, Independent Director appointments, and increase in Authorized Share Capital
- Results Declaration Deadline
- on or before 1st October, 2026
What happened
The 32nd Annual General Meeting of the Company was held on Tuesday, 29th September, 2026 at 2.00 p.m. in Kolkata and concluded at 2:45 p.m. 158 Shareholders were present in person, by representative or by proxy.
Remote e-voting ran from 26th September, 2026 (9.00 a.m.) to 28th September, 2026 (5.00 p.m.), and members who had not voted remotely could vote by poll at the meeting. Mr. Anand Khandelia, Company Secretary in Practice, acted as Scrutinizer.
Business transacted
- Adoption of the Audited Financial Statements for the financial year ended 31st March 2026.
- Re-appointment of Mr. Jitendra Kumar Goyal, who retired by rotation.
- Appointment of M/s MGSA & Co., Chartered Accountants, as Statutory Auditors for one financial year until the conclusion of the 33rd AGM in 2027.
- Approval of conversion of Loan to Equity Shares upon fulfilment of certain terms and conditions.
- Approval of existing as well as proposed material Related Party Transactions.
- Appointment of Mrs. Nita Agarwal as Non-Executive Independent Director for five consecutive years with effect from 2nd July, 2026.
- Appointment of Ms. Diksha Sharma as Non-Executive Independent Director for five consecutive years with effect from 4th September, 2026.
- Increase in the Authorized Share Capital.
- Adoption of fresh Articles of Association as per the Companies Act, 2013.
- Authorisation to the Board for investments, loans, guarantees or security under Section 186.
- Setting of borrowing limits of the Company.
What comes next
The consolidated results of remote e-voting and poll, along with the Scrutinizer's Report on each resolution, were to be declared on or before 1st October, 2026 and made available on the Company's website and the exchange and NSDL websites.
Why investors may watch this
Items such as conversion of loan into equity, an increase in authorised share capital and revised borrowing limits relate to the Company's capital structure and funding flexibility; a loan-to-equity conversion can change the shareholding mix if completed. The Board has also been strengthened with two Independent Directors.
More numbers
- Shareholders present at AGM158 Shareholders
- Statutory Auditors' terma period of one financial year
- Independent Director term (Mrs. Nita Agarwal)five consecutive years
- Independent Director term (Ms. Diksha Sharma)five consecutive years
- Resolutions transacted11
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