Proceedings of 39th Annual General Meeting
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Teesta Agro Industries Ltd held its 39th Annual General Meeting on August 27, 2025 at its registered office in Mazabari, Jalpaiguri, from 11:00 AM to 12:30 PM. The meeting was chaired by Managing Director Mr. Hardev Singh, with 31 members representing 35,25,290 shares in attendance. Eleven items of business were transacted, including adoption of audited financial statements for FY ending March 31, 2025, reappointment of two directors retiring by rotation (Mr. Inderdeep Singh and Ms. Joginder Kaur), appointment and casual vacancy changes for statutory auditors, reappointment of Ms. Baisakhi Maity as Independent Director, and ratification of cost auditor remuneration for FY 2025-26. Notably, remuneration increases were approved for three directors — Managing Director Hardev Singh, Wholetime Director Paramdeep Singh, and Wholetime Director Inderdeep Singh. The Chairman confirmed there were no qualifications or adverse remarks in the Auditor's Report and no observations in the Secretarial Audit Report.
For shareholders, the key takeaways are clean audit reports with no adverse remarks, but also a notable increase in remuneration for three key executive directors (Hardev Singh, Paramdeep Singh, and Inderdeep Singh), which may impact future payroll costs. Voting results and the scrutinizer's report are expected within 48 hours, which could provide further clarity on shareholder sentiment.