Subsidiary's AGM approves FY26 accounts, auditor and director re-appointments, FY27 related-party transactions

Tandhan Polyplast Ltd (TPL), a wholly owned material subsidiary, held its 8th AGM on Wednesday, 30th September, 2026, from 10.00 am to 10.45 am.

Thu 1 Oct 2026

AGM Date

8th AGM held on Wednesday, 30th September, 2026, from 10.00 am to 10.45 am

Statutory Auditor Re-appointment

N. Agarwala & Associates as Statutory Auditor for a second term of 5 consecutive years

Directors Re-appointed

Mrs. Prachi Jalan and Mr. Raj Kumar Jalan as directors, and remuneration of the Managing Director

Related Party Transactions Approved

Related party transactions for FY 2026-27 with six group companies

Sales Limit to Tandhan Power Technologies

sale of goods to Tandhan Power Technologies Private Limited up to ₹ 15,00,00,000

Update at a glance

Tandhan Industries Limited has disclosed the outcome of the 8th Annual General Meeting of Tandhan Polyplast Limited (TPL), described as a wholly owned material subsidiary. The meeting was held on Wednesday, 30th September, 2026, commencing at 10.00 am and concluding at 10.45 am.

Matters approved by the members

• Adoption of the audited financial statements of TPL for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors.
• Re-appointment of Mr. Raj Kumar Jalan (DIN: 07875364), who retired by rotation and being eligible, as a Director.
• Re-appointment of M/s. N. Agarwala & Associates, Chartered Accountants (FRN: 315097E), as Statutory Auditor of TPL for a second term of 5 (Five) consecutive years, commencing from the conclusion of the AGM until the conclusion of the AGM to be held in the year 2031.
• Ratification of remuneration payable to the Cost Auditors of TPL for the financial year 2026-27.
• Re-appointment of Mrs. Prachi Jalan (DIN: 10454972) as Whole-Time Director of TPL for a term of 3 (three) years with effect from 15th February, 2027 to 14th February, 2030, both days inclusive, liable to retire by rotation.
• Re-appointment of Mr. Raj Kumar Jalan (DIN: 07875364) as Non-Executive Director of TPL for a term of 3 (three) years with effect from 15th February, 2027 to 14th February, 2030, both days inclusive, liable to retire by rotation.
• Approval of remuneration payable to Mr. Ankit Jalan (DIN: 01835733), Managing Director of TPL.

Related party transactions approved for the financial year 2026-27

• Tandhan Power Technologies Private Limited: purchase of goods including plastic/polymer granules up to ₹ 50,00,000; sale of goods including manufactured products of TPL up to ₹ 15,00,00,000; purchase of Customs Duty Scrips up to ₹ 50,00,000.
• Tandhan Cotton Mills Private Limited: purchase of Customs Duty Scrips up to ₹ 50,00,000.
• Tandhan Exim Private Limited: lease rent payable up to ₹ 85,00,000, for premises used for TPL's business and operational activities.
• Jalan Sarees Private Limited: lease rent payable up to ₹ 70,00,000, on the same basis.
• Tandhan Biochemicals Private Limited and Tandhan Biofuels Private Limited are the other two related parties listed for the year.

Each of these transactions is stated to be in the ordinary course of business and on an arm's length basis, with a tenure of the financial year 2026-2027.

Who is being re-appointed

• Mrs. Prachi Jalan holds a Chartered Accountant degree from ICAI and a Bachelor's degree in commerce (Accounting and Finance) from St. Xavier's College, affiliated with the University of Calcutta. She has more than 9 years of industry expertise, including production, marketing and domestic sales strategy, customer centric solutions and financial management.
• Mr. Raj Kumar Jalan is a Commerce graduate with over 8 years of experience in the manufacturing industry, particularly in plastics, polyethylene, tarpaulins and moulded industrial articles, and over 44 years of experience in marketing and business operations.
• The disclosures state that both are not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

About the Statutory Auditor

N. Agarwala & Associates is a Chartered Accountants firm with 5 Partners based in Kolkata and Sambalpur. Its stated field of experience covers corporate finance, auditing, direct and indirect taxation, company law matters, accounting and related consultancy, GST, internal audit, CAPEX audit, demat audit of depository participants, concurrent audit of banks, stock audit on behalf of banks, charge creation, modification and satisfaction, and revenue audit. It is stated to possess 25+ years of demonstrated expertise and to be empanelled with the Comptroller & Auditor General of India, the Reserve Bank of India and almost all public sector banks.

How to read this

• The disclosure is the outcome of the subsidiary's AGM, recording what the members approved: accounts, auditor and director re-appointments, remuneration and related party transactions.
• The related party amounts are stated as limits (up to) for the financial year 2026-27. The single largest stated limit is the sale of goods to Tandhan Power Technologies Private Limited, up to ₹ 15,00,00,000.
• The two lease rent items are payments by TPL to group companies for premises used in its operations.
• The director re-appointments take effect from 15th February, 2027.

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