AGM approves director re-appointments, sale of 50% stake in associate to promoter, registered office shift

Re-appointment of Smt. Madhulika Jain as Non-Executive Non-Independent Director (retires by rotation); she holds 14,32,300 equity shares.

Wed 30 Sep 2026

Smt. Madhulika Jain shareholding

14,32,300 equity shares

Stake sale in Agrotech Risk Pvt Ltd

50% equity shareholding, comprising 35,23,800 equity shares

Consideration for stake sale

₹10,00,000/-

Mr. Neeraj Jha director term

5 consecutive years, from December 10, 2026 to December 9, 2031

Registered office shift

From Delhi to Uttar Pradesh, subject to Regional Director approval

What was approved

Shareholders of Trinity League India Limited approved four items at the 38th Annual General Meeting held on Wednesday, September 30, 2026 at 12:00 P.M. through video conferencing.

Board re-appointments

• Smt. Madhulika Jain (Non-Executive Non-Independent Director) re-appointed as director liable to retire by rotation, effective September 30, 2026. She is a Promoter and the spouse of Mr. Devinder Kumar Jain, Managing Director, and holds 14,32,300 equity shares in the company.
• Mr. Neeraj Jha re-appointed by Special Resolution as Non-Executive Independent Director for a second term of five consecutive years, from December 10, 2026 to December 9, 2031. He holds no equity shares and has no relationship with other Directors or KMP.
• Both have confirmed they are not debarred from holding office by SEBI or any other authority.

Sale of stake in associate company

Members approved the proposed sale and transfer of the company's entire 50% equity shareholding, comprising 35,23,800 equity shares, in Agrotech Risk Private Limited, an associate company, to Smt. Madhulika Jain for an aggregate consideration of ₹10,00,000/- (Rupees Ten Lakh only).

Because the buyer is a promoter and director, this was approved as a material related party transaction under Regulation 23 of the SEBI LODR Regulations.

The transaction is still subject to statutory, regulatory and other formalities. The company will now finalise and execute the Share Purchase Agreement and then complete the transfer. The update notes that no transfer of shares has taken place merely by virtue of the AGM approval, and that details of the SPA execution and completion will be disclosed separately.

Registered office shift

By Special Resolution, members approved shifting the registered office from the National Capital Territory of Delhi to the State of Uttar Pradesh, with the consequential alteration of Clause II of the Memorandum of Association. This becomes effective only after approval from the Regional Director, Northern Region, Ministry of Corporate Affairs. Until then the registered office continues at A-23, Mandakini Enclave, Alaknanda, New Delhi.

What investors may watch

• Execution of the Share Purchase Agreement and actual completion of the Agrotech stake sale.
• Receipt of Regional Director approval for the office shift.
• The related party nature of the stake sale, which shareholders have already cleared.

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