We enclose herewith Addendum to the Original AGM Notice dated 26.07.2025, which is a part of the 33rd Annual Report of the Company for FY 2024-25.
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Adarsh Plant Protect Ltd has filed an addendum to its 33rd Annual General Meeting notice (AGM scheduled for 27 September 2025), providing additional details on a special resolution seeking shareholder approval for material related party transactions (RPTs). Three promoter-connected entities are covered: NAS Packaging Private Limited (up to ₹5 Cr per transaction type), Adarsh Plant Private Limited (up to ₹10 Cr for sales, ₹1 Cr for other categories), and M/s Mini Sarvodyog Sira (up to ₹20 Cr for purchases). All three are linked to promoter directors Naishadkumar Patel, Atish Patel, and Jyotika Patel. The company says these transactions are part of an in-house value chain that gives it cost advantages. As a percentage of FY24-25 turnover, the purchase from Mini Sarvodyog Sira alone is estimated at 114.31%, and sale transactions with Adarsh Plant Pvt Ltd at 57.15%. The Audit Committee and Board have already approved the transactions, and the addendum was filed to comply with SEBI circulars dated February 14, 2025 and March 21, 2025.
Shareholders will vote on these material RPTs at the upcoming AGM, and since several transactions exceed 10% of annual turnover (with one over 100%), they require a special resolution. The heavy reliance on promoter-related entities for both buying and selling is a key governance point for public shareholders to weigh, even though the company states the deals are at arm's length and no external valuation was obtained.