Gravita India Limited has announced its 34th Annual General Meeting (AGM) to be held on Monday, September 28, 2026, at 01:00 P.M. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Statutory Auditors. Additionally, the members will vote on the reappointment of Mr. Sunil Kansal as a director and the ratification of cost auditors’ remuneration for FY 2026-27.
Gravita India Announces 34th Annual General Meeting
Gravita India Limited has formally announced its 34th Annual General Meeting (AGM), scheduled to take place on Monday, September 28, 2026. The meeting will commence at 01:00 P.M. IST and will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This digital format allows all shareholders to participate remotely, ensuring accessibility and adherence to contemporary meeting protocols.
Key Agenda Items
The AGM agenda features several critical points for shareholder consideration:
Ordinary Business:
- Adoption of Financial Statements: Shareholders will review and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, alongside the reports of the Board of Directors and Statutory Auditors.
- Consolidated Financial Statements: The Audited Consolidated Financial Statements for the same period will also be presented for adoption, along with the respective Auditor’s Report.
- Director Re-appointment: Mr. Sunil Kansal (DIN: 09208705), who is retiring by rotation, will be considered for re-appointment if he remains eligible.
Special Business:
- Ratification of Cost Auditors’ Remuneration: Shareholders will be asked to ratify the remuneration of the Cost Auditors for the Financial Year 2026-27. The proposed remuneration for M/s. K.G. Goyal and Associates amounts to Rs. 60,000/-, exclusive of reimbursement for tax and out-of-pocket expenses.
- Borrowing Powers: A Special Resolution is proposed to authorize the Board to borrow money in excess of paid-up share capital and free reserves, with the aggregate limit being revised to Rs. 1,500.00 Crores.
- Remuneration Revision: The meeting will consider and approve revisions in the remuneration of Mr. Yogesh Malhotra (DIN: 05332393), Whole-time Director & CEO, and Mr. Sunil Kansal (DIN: 09208705), Whole-time Director & CFO, effective from April 1, 2026. Detailed revised salary structures and terms are provided in the notice.
The Company confirms its compliance with all applicable laws and regulations concerning the conduct of the AGM.
Source: BSE
