2nd EGM on 26 Oct 2026: shareholders to consider appointing S. Somani & Associates as Statutory Auditors

Futura Polyesters has shared the 2nd Notice of its Extra-Ordinary General Meeting for FY 2026-2027.

Thu 1 Oct 2026

EGM Date and Time

Monday, 26th October, 2026, 11:00 a.m., through Video Conferencing / Other Audio-Visual Means

Proposed Statutory Auditor

M/s. S. Somani & Associates

Auditor Term

five consecutive financial years from FY 2025-26 to the AGM to be held in FY 2029-30

Auditor Remuneration

Rs. 6,00,000/- plus applicable taxes

Voting Cut-off Date

19th October, 2026

The update is the 2nd Notice of the Extra-Ordinary General Meeting (EGM) of Futura Polyesters Limited for FY 2026-2027, sent to stock exchanges and to members.

Meeting details

• The EGM will be held on Monday, 26th October, 2026 at 11:00 a.m. IST.
• It is being held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM); physical attendance by members at a meeting venue is not required.
• The deemed venue for the EGM is the registered office of the Company at 212, Panchratna Building, Opera House, Charni Road (East), Mumbai - 400004.
• Members can join the VC/OAVM 30 minutes before and after the scheduled commencement.

Business to be transacted

The notice places before members the appointment of Statutory Auditors due to the expiration of the term of the previous Statutory Auditors, to be passed as an Ordinary Resolution.

• M/s. S. Somani & Associates, Chartered Accountants, Mumbai (Firm Registration No. 135797W), is proposed to be appointed as the Statutory Auditors of the Company.
• This is consequent upon the expiration of the statutory term of M/s. V.S. Somani & Co., Chartered Accountants, Mumbai.
• The appointment is based on the recommendation of the Audit Committee and the Board of Directors.
• Term: five consecutive financial years commencing from FY 2025-26 until the conclusion of the Annual General Meeting to be held in FY 2029-30.
• Remuneration: Rs. 6,00,000/- (Rupees Six Lakhs only) plus applicable taxes, and reimbursement of out-of-pocket expenses incurred in connection with the performance of their audit duties.
• The Board of Directors (including any committee thereof) is authorised to do all such acts, deeds, matters and things necessary, desirable or expedient to give effect to the resolution.

Who can vote

• The cut-off date is 19th October, 2026. Members whose names appear in the register of members / register of beneficial owners as on that date are eligible to cast their votes on the resolutions.
• A person who is not a member on the cut-off date should treat the notice for information purposes only.
• Voting rights are in proportion to the share of the paid-up equity share capital as on the cut-off date.
• In case of joint holders, the member whose name appears first in the order of names in the register of members is entitled to vote.
• The facility for appointment of proxy is not available for this EGM, since it is being held through VC/OAVM; members attending through VC/OAVM are counted for reckoning the quorum.

Voting window and channels

• Remote e-voting period: from Friday, 23rd October, 2026 09:00 a.m. IST and ends on Sunday, 25th October, 2026 5:00 p.m. IST. The remote e-voting module is disabled by CDSL thereafter.
• Members holding shares in physical or dematerialised form as on the cut-off date may cast their vote electronically.
• E-voting during the EGM is in addition to remote e-voting, for members present through VC/OAVM who have not cast their vote through remote e-voting and are otherwise not barred.
• Members who have voted through remote e-voting may attend the EGM but are not eligible to vote at the EGM.
• Once a vote is cast, the member is not allowed to change it subsequently.
• The VC/OAVM participation facility is available for 1000 members on a first come first served basis. This does not include large shareholders (holding 2% or more shareholding), promoters, institutional investors, directors, key managerial personnel, chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, auditors etc., who are allowed to attend the EGM without restriction on account of first come first served basis.

Scrutiny and results

• The Company has appointed Mr. Martinho Ferrao, Practising Company Secretary, as the Scrutinizer for scrutinizing the remote e-voting process as well as voting at the EGM.
• The Scrutinizer will submit his report to the Chairman within 2 (two) working days of the conclusion of the EGM; the Scrutinizer's decision on the validity of votes cast is final.
• The resolutions, if approved by the requisite votes of shareholders by means of electronic voting, shall be deemed to have been passed on the date of the EGM, i.e. 26th October, 2026.
• The results of the e-voting, along with the Scrutinizer's Report, will be placed on the Company's website and the CDSL website, communicated to the stock exchanges where the equity shares are listed, and displayed at the registered office.
• The Notice is also available on the Company's website and on the websites of the stock exchanges where the shares are listed.

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