Board approves AGM notice, director re-appointment and MoA object clause alteration

Board met on 28 September 2026 and approved routine annual items.

Mon 28 Sep 2026

AGM Date

Friday, 30 October 2026 at 1:00 p.m.

AGM Medium

Video conferencing

Director Re-appointment

Mr. Hardev Chand Verma, Non-Executive Non-Independent Director

Cost Auditor Re-appointment

M/s J.K. Kabra & Company for FY 2026-27

Board Meeting Date

28 September 2026

What was decided

The Board of Directors met on 28th September, 2026 and approved a set of annual governance items to be placed before shareholders.

• Notice convening the 34th Annual General Meeting, scheduled for Friday, 30th October, 2026 at 1:00 p.m., to be held through Video Conferencing / Other Audio-Visual Means.
• Re-appointment of Mr. Hardev Chand Verma (Non-Executive, Non-Independent Director), liable to retire by rotation.
• Continuation of his directorship upon attaining the age of 75 years — a step that requires specific shareholder approval under listing rules.
• Re-appointment of M/s J.K. Kabra & Company, Cost Accountants, as Cost Auditor for Financial Year 2026-27, with their remuneration subject to ratification by members at the AGM.
• Alteration of Clause III(A) of the Memorandum of Association by insertion of a new sub-clause 4, subject to shareholder approval at the AGM.

Why the MoA change matters

Clause III(A) of a company's Memorandum of Association sets out its main objects — the businesses it is legally allowed to carry on. Inserting a new sub-clause widens or clarifies that list. The content of the new sub-clause would be set out in the AGM notice, and the change takes effect only if shareholders approve it.

What shareholders will vote on

The director re-appointment, the continuation of directorship beyond 75, ratification of the cost auditor's remuneration and the MoA alteration all go to members at the 34th AGM.

Meeting timing

The Board meeting commenced at 4:00 P.M. and ended at 5:00 P.M.

How to read this

These are largely routine annual compliance and governance approvals rather than a business or financial development. The one item worth tracking is the object clause alteration, since a change in stated objects can precede a new line of activity; the specifics will appear in the AGM notice.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.