AGI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AGI Greenpac Ltd is seeking shareholder approval via postal ballot on 5 items: (1) Appointment of Mr. Ram Babu Kabra as Non-Executive Non-Independent Director effective 28 April 2026, (2) Payment of consultancy fee of Rs. 2.15 crore per annum plus GST to Mr. Kabra for 5 years as a related party transaction, (3) Appointment of Mr. Sushil Kumar Roongta as Independent Director for 5 years starting 1 July 2026, (4) Re-appointment of Mr. Sandip Somany as Chairman and Managing Director for another 5-year term from 1 December 2026 to 30 November 2031, and (5) Authorization for payment of commission at 1% of net profits to non-managing directors for 5 years. Remote e-voting runs from 8 May 2026 to 6 June 2026.
Shareholders should review these proposals as they involve significant related party transactions (consultancy fee to director), continuation of leadership under Mr. Somany, and new board appointments. The consultancy fee of Rs. 2.15 crore annually to Mr. Kabra requires careful scrutiny as it constitutes holding an office of profit by a director.