Summary of 36th AGM proceedings; leadership rejig items transacted, voting results awaited
Indong Tea's 36th AGM was held on 28th September 2026 at 11:00 A.M. via video conferencing, with 27 other members present.
- AGM Date
- 28th September 2026 at 11:00 A.M.
- Attendance
- 27 other members present
- Leadership Change
- Hariram Garg stepping down as Managing Director, continuing as Chairman & Executive Director; Rajesh Garg redesignated as Managing Director
- Statutory Auditor Re-appointment
- M/s Agarwal Kejriwal & Co for further term of five years
- Voting Results Timeline
- To be declared within 2 working days
What was shared
The company submitted a summary of the proceedings of its 36th Annual General Meeting, held on Monday, 28th September 2026 at 11:00 A.M. through Video Conferencing / Other Audio-Visual Means. The meeting concluded at 11:41 A.M. after remaining open 15 more minutes for e-voting.
Attendance
- All directors were present; Shri Hariram Garg chaired the meeting.
- Company Secretary Shri Chandan Gupta could not attend due to a family emergency; Shri Priyarup Mukherjee conducted the meeting on his behalf.
- Statutory auditor, secretarial auditor/scrutinizer and internal auditor were present.
- 27 other members attended, including speakers. Three shareholders had registered to speak; one was present and his queries were answered.
Ordinary business transacted
- Adoption of the audited balance sheet as at 31st March 2026, statement of profit & loss, and directors' and auditors' reports.
- Re-appointment of Shri Madanlal Garg, Shri Rajesh Garg and Smt. Rama Garg, who retire by rotation.
- Re-appointment of M/s Agarwal Kejriwal & Co as statutory auditor for a further term of five years.
Special business transacted
- Approval of voluntary stepping down of Shri Hariram Garg as Managing Director, continuing as Chairman & Executive Director.
- Redesignation of Shri Rajesh Garg from Non-Executive Director to Managing Director.
- Re-appointment of Shri Akhil Kumar Manglik as Non-Executive Independent Director.
Voting
Remote e-voting was open from 25th September 2026, 9:00 A.M. to 27th September 2026, 5:00 P.M. CS Puja Pujari was appointed scrutinizer. Results are to be declared within 2 working days of the meeting and uploaded on the company website and sent to BSE. The detailed voting results under Regulation 44 will follow once the scrutinizer submits them.
What it means for investors
This is a procedural disclosure of what was placed before shareholders. The notable business item is the change at the top: the Chairman moving to an executive chairman role and a non-executive director being redesignated as Managing Director. Whether each resolution passed will be known from the voting results.
Also from Indong Tea Company
AGM approves MD change: Hariram Garg steps down, Rajesh Garg appointed Managing Director for 5 years
30 Sep 2026
More numbers
- Other members present27 Members
- Statutory auditor re-appointment termfive years
- Time for declaring e-voting results2 working days
- Speaker requests receivedthree requests
- E-voting window after AGM15 minutes
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