Submission of 39th Notice of Annual General Meeting
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Teesta Agro Industries has called its 39th AGM on August 27, 2025, at Rajganj, Jalpaiguri. Key items on the agenda include adopting audited financial statements for FY ending March 31, 2025, re-appointing two retiring directors (Mr. Inderdeep Singh and Ms. Joginder Kaur), and appointing M/s. Agarwal RG & Associates as the new statutory auditor for a 5-year term (through FY 2029-30), replacing the outgoing M/s. Mantry & Associates which resigned on June 16, 2025. Shareholders will also vote on significant salary hikes for three directors: Managing Director Mr. Hardev Singh (age 82) sees a roughly 43% raise from Rs. 7 lakh to Rs. 10 lakh per month, while Whole-time Director Mr. Paramdeep Singh's salary quadruples from Rs. 1 lakh to Rs. 4 lakh per month, and Mr. Inderdeep Singh's doubles from Rs. 2 lakh to Rs. 4 lakh per month, all effective September 1, 2025. Additional items include re-appointing Mrs. Baishakhi Maity as Independent Director for a second 5-year term, approving Rs. 52,000 remuneration for cost auditors, and appointing M/s. Rantu Das & Associates as Secretarial Auditor for five years.
The most material items for shareholders are the change in statutory auditor following the previous auditor's resignation and the substantial proposed salary increases for the promoter-director family, particularly Mr. Hardev Singh and Mr. Paramdeep Singh, which may attract scrutiny regarding promoter remuneration. These resolutions require shareholder approval, so voting outcomes will determine final implementation.