36th AGM Notice: Rs 15 Crore director RPTs and board appointments

SIP Industries has filed the 36th AGM notice for FY 2025-26, meeting set for September 30, 2026. Ordinary business covers adoption of audited FY26 financials and re-appointment of a director. Special business seeks shareholder approval for material related party transactions of Rs 10 Crores with Managing Director Samiayya Arularasan and Rs 5 Crores with Whole-time Director Natesan Kameshwaron, both unsecured interest-free loans with an option to convert payables into equity at Rs 10 per share. Also proposes appointment of Mrs Bhageerathi, spouse of Kameshwaron, as Non-Executive Director for 5 years.