Adline Chem Lab Limited held its 38th Annual General Meeting on September 28, 2026, via video conferencing. The session highlighted the company's strategic transition into the Renewable Energy and Engineering, Procurement, and Construction (EPC) sectors alongside FY26 financial updates.

Managing Director Vrushank Balkrushna Patel chaired the meeting, which commenced at 2:02 pm and concluded at 2:20 pm. Company Secretary Gopika Mukesh Gokani confirmed the presence of the requisite statutory quorum. The Board of Directors, including Independent Directors Dhawal Akhilesh Deopura and Shivani Pathak, attended electronically.

Strategic pivot and financial overview

Chief Financial Officer Hardik Vaghasiya presented an overview of the company's operational performance for the financial year ended March 31, 2026. A key focus of his address was the corporate strategy to diversify beyond its traditional chemical laboratory operations. The management outlined plans to expand its footprint in the Renewable Energy and EPC segments, signaling a broader industrial transformation for the Ahmedabad-based entity.

Resolutions passed by shareholders

Members approved several ordinary and special resolutions during the proceedings. The audited standalone financial statements for FY26 were adopted, along with the reports of the Board of Directors and Independent Statutory Auditors. The shareholders also ratified the appointment of M/s. V. V. Patel & Co., Chartered Accountants, as Statutory Auditors for a continuous term of five years. This appointment included filling a casual vacancy in the auditor's position.

Additionally, a special resolution was passed to regularize the appointment of Mrs. Anita Ganeshbhai Marvadi as a Non-Executive Independent Director for a first term of five years. Her DIN is 11808366.

Voting and compliance details

The meeting utilized the remote e-voting facility administered by NSDL, which remained active from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. An additional 15-minute window was provided post-meeting for members who had not cast their votes remotely. The Scrutinizer's Report and consolidated voting results are scheduled for submission to BSE Limited within two working days.

Adline Chem Lab has scheduled its 38th Annual General Meeting for Monday, September 28, 2026. The meeting will convene via video conferencing to address ordinary business, including the adoption of FY26 financial statements, and special business involving auditor appointments and board composition changes.

Auditor Appointment and Casual Vacancy

The Board seeks shareholder approval to appoint M/s. V. V. Patel & Co., Chartered Accountants, as the statutory auditors for a five-year term from the conclusion of this AGM until 2031. This follows a casual vacancy created by the resignation of the previous auditors, M/s. Jain Kedia & Sharma.

The explanatory statement reveals that M/s. Jain Kedia & Sharma resigned on August 31, 2026, citing an inability to mutually agree on revised professional fees for annual statutory audit and quarterly limited review assignments. The firm attributed its fee proposal to changes in fee policy, inflation, and increased costs, which the company did not accept.

The Board appointed M/s. V. V. Patel & Co. on September 1, 2026, to fill the vacancy until the conclusion of this AGM. Shareholders are asked to ratify this interim appointment via an Ordinary Resolution.

Board Composition Changes

Shareholders will also consider a Special Resolution to regularize the appointment of Mrs. Anita Ganeshbhai Marvadi as a Non-Executive Independent Director. The Board initially appointed her as an Additional Director on August 27, 2026.

Mrs. Marvadi brings two years of managerial experience in the renewable energy sector, specifically focusing on solar energy operations. Her appointment is for a first term of five consecutive years, commencing from August 27, 2026. She holds no shares in the company and has no other directorships in listed entities.

E-Voting and Meeting Logistics

The company has fixed Monday, September 21, 2026, as the cut-off date for determining voting eligibility. The remote e-voting period runs from Friday, September 25, 2026, at 9:00 am to Sunday, September 27, 2026, at 5:00 pm.

Participation in the virtual meeting is limited to 1,000 members on a first-come, first-served basis, excluding large shareholders holding 2% or more shareholding, promoters, institutional investors, and key management personnel. Proxy facility is not available for individual shareholders, though corporate shareholders may appoint authorized representatives.