Jindal Capital530405AGM

32nd AGM proceedings: Independent Director regularised, borrowing limit and remuneration items placed for vote

At the 32nd AGM held on September 30, 2026, shareholders considered: regularisation of Mr. Nischal Mittal (DIN: 10712095) as Independent Director (first appointed August 12, 2026, five-year term), re-appointment of Mr. Sadhu Ram Aggarwal.

Wed 30 Sep 2026

Rs. 2,00,000/- per monthCMD revised remuneration limit

CMD past remuneration approvedRs. 1,00,000/- per month

ED & CFO remuneration paidRs. 1,00,000/- per month

CMD revised remuneration limit Rs. 2,00,000/- per month: CMD past remuneration approved Rs. 1,00,000/- per month, ED & CFO remuneration paid Rs. 1,00,000/- per month.

AGM Date: September 30, 2026
Attendance: 47 members
Borrowing Authority: Rs. 500 Crores
Remuneration Increase: Rs. 1,00,000/- to Rs. 2,00,000/- per month from October 01, 2026
Independent Director Term: Five consecutive years from August 12, 2026

What was shared

The company reported the proceedings of its 32nd Annual General Meeting held on Wednesday, September 30, 2026, which began at 11:00 A.M. and concluded at 12:25 P.M. at the registered office in Rohini, Delhi. Quorum was 47 members. The Chairman-cum-Managing Director, Mr. Sadhu Ram Aggarwal, chaired the meeting.

Management-related items

Regularisation of Mr. Nischal Mittal (DIN: 10712095) as Independent Director. He was first appointed as Additional Director (Non-Executive, Independent) with effect from August 12, 2026 for a term of five consecutive years. He is a Chartered Accountant, aged 35 Years, holds NIL shares, no remuneration proposed, and is not liable to retire by rotation.
Re-appointment of Mr. Sadhu Ram Aggarwal (DIN: 00961850), Chairman-cum-Managing Director, as a Director retiring by rotation. He is aged 68 Years, was appointed CMD from May 18, 2022 for five years, and holds 7,00,116 Equity Shares.

Financial and remuneration items

Authority to the Board under Section 180(1)(c) to borrow up to Rs. 500 Crores, replacing the earlier limit approved at the Thirtieth meeting on 27th September, 2024. The stated reason is additional fund requirement for operations.
Managerial remuneration limit for Mr. Sadhu Ram Aggarwal proposed to rise from Rs. 1,00,000/- per month to Rs. 2,00,000/- per month with effect from 01st October, 2026, for the remaining period of his term.
Remuneration limit for Mrs. Divya Aggarwal (DIN: 07684118), Executive Director and CFO, also proposed to rise from Rs. 1,00,000/- per month to Rs. 2,00,000/- per month from 01st October, 2026. She is aged 33 Years and holds 6,00,000 Equity Shares.

Family links on the board

Mr. Sadhu Ram Aggarwal is the father of Mr. Udit Aggarwal, Non-Executive Director, and father-in-law of Mrs. Divya Aggarwal, Executive Director & CFO.

Voting

Remote e-voting ran from September 26, 2026 (9.00 am) to September 29, 2026 (5.00 pm) through NSDL, with a cut-off date of September 23, 2026. Mr. Jaivindra Singh acted as Scrutinizer. All resolutions were placed for voting and the consolidated e-voting results will be submitted to the exchange separately.

How to read this

This is a routine annual meeting update covering board continuity, a new Independent Director, a higher borrowing ceiling and higher promoter-family remuneration limits. The borrowing ceiling is an enabling limit, not borrowing already undertaken. Investors may watch for the consolidated voting results for the actual outcome on each resolution.

More numbers

Members present at AGM47 members
Proposed borrowing limitRs. 500 Crores
CMD past remuneration approvedRs. 1,00,000/- per month
CMD revised remuneration limitRs. 2,00,000/- per month
ED & CFO remuneration paidRs. 1,00,000/- per month
ED & CFO revised remuneration limitRs. 2,00,000/- per month
Shares held by Mr. Sadhu Ram Aggarwal7,00,116 Equity Shares
Shares held by Mrs. Divya Aggarwal6,00,000 Equity Shares
Shares held by Mr. Nischal MittalNIL
Independent Director termfive consecutive years
Age of Mr. Nischal Mittal35 Years
Age of Mr. Sadhu Ram Aggarwal68 Years

Source: BSE · 30 Sep 2026

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