AJC Jewel Manufacturers Limited has issued a revised notice for its 8th Annual General Meeting (AGM) scheduled for September 29, 2026. The meeting will be held via video conference and will cover the adoption of financial statements, director re-appointments, and revisions to director remuneration. A key agenda item is the proposed acquisition of an 80% stake in AJC Jewel Manufacturers FZC, UAE through a preferential issue of equity shares.
AJC Jewel Manufacturers Announces 8th AGM Details
AJC Jewel Manufacturers Limited has convened its 8th Annual General Meeting (AGM) for Tuesday, September 29, 2026, commencing at 02:00 PM IST. The meeting will be conducted through Video Conference (VC) and other Audio-Visual Means (OAVM), as per regulatory guidelines.
Key Agenda Items for the AGM
Ordinary Business
The AGM will focus on the following ordinary business:
- Consideration and adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Directors’ and Auditors’ reports.
- Re-appointment of Mrs. FATHIMA JASNA KOTTEKKATTU as a Director, who retires by rotation.
Special Business
The meeting will also address special business, including:
- Revision of Remuneration for Managing Director: To consider and approve the revision of basic salary for Mr. ASHRAF PERINKADAKKAD (DIN: 08094239) from ₹6,00,000/- to ₹7,00,000/- per month, effective October 1, 2026, along with applicable perquisites.
- Revision of Remuneration for Whole Time Director: To consider and approve the revision of basic salary for Mr. MOHAMED ALI CHERUPARAMBIL (DIN: 10668023) from ₹61,500/- to ₹1,25,000/- per month, effective October 1, 2026, plus perquisites.
- Revision of Remuneration for Executive Director: To consider and approve the revision of basic salary for Mrs. FATHIMA JASNA KOTTEKKATTU (DIN: 10691112) from ₹1,25,000/- to ₹2,00,000/- per month, effective October 1, 2026, plus perquisites.
- Acquisition of 80% Stake in AJC Jewel Manufacturers FZC, UAE: A special resolution will be considered for the acquisition of an 80% stake in AJC Jewel Manufacturers FZC, UAE, through a preferential issue of up to 5,67,492 equity shares. The issue price is set at INR 169.85/- per share, with an aggregate investment value of up to INR 9,64,00,000/-, which will be discharged via a share swap arrangement.
The company has provided detailed explanatory statements for each item, outlining the material facts and justifications for the proposed resolutions.
Source: BSE
