AGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AGI Greenpac Ltd has issued a Postal Ballot Notice for shareholder approval on five key matters. The company seeks approval to appoint Mr. Ram Babu Kabra as Non-Executive Non-Independent Director and separately as a Consultant with annual fees of up to Rs. 2.15 crore plus GST. Mr. Sushil Kumar Roongta is proposed to be appointed as Non-Executive Independent Director for 5 years. The company also seeks re-appointment of Mr. Sandip Somany as Chairman and Managing Director for another 5-year term from December 2026. Additionally, commission at 1% of net profits is proposed for non-executive directors. The correction notice clarifies that the e-Voting period runs from May 8, 2026 to June 6, 2026 (not June 6, 2025 as erroneously stated earlier).
Shareholders should carefully review the related party transactions, particularly the Rs. 2.15 crore annual consultancy fees to Mr. Kabra, and the re-appointment terms for the CMD. Passing these resolutions will formalize board changes and compensation structures for the next 5 years.