The 42nd AGM of the shareholders is scheduled for 30th August, 2025
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Indo Gulf Industries Limited has called its 42nd AGM on 30th August 2025 at 11:30 AM via video conferencing, with remote e-voting open from 27th to 29th August 2025. Ordinary business includes adopting FY25 audited financial statements and re-appointing Mr. Rajesh Jain as a director (retiring by rotation). Special business includes approval for material related-party transactions worth up to Rs. 8 crore with holding company Ganesh Explosives Pvt Ltd (GEPL) — covering an unsecured loan of about Rs. 79 lakh, truck leasing at Rs. 22.5 lakh/month, and sale/purchase of ammonium nitrate — plus transactions up to Rs. 1 crore with Rajesh Explosives Pvt Ltd (REPL) for truck leasing at Rs. 2 lakh/month. Members are also being asked to ratify the Rs. 50,000 cost auditor remuneration and appoint Sameer Kishore Bhatnagar as secretarial auditor for a 5-year term (FY26–FY30).
This is a routine AGM notice requiring shareholder approval on standard items plus two related-party transactions with promoter group companies (GEPL and REPL) that together total up to Rs. 9 crore for FY26. Related parties cannot vote on the RPT resolutions, so outcomes depend on non-promoter shareholder support. No major corporate action, fundraising, or capital change is proposed.