AG Ventures Limited has initiated a postal ballot process to seek shareholder approval for a key board appointment, marking an important corporate governance milestone for the company formerly known as Oriental Carbon & Chemicals Limited.

Postal Ballot Details and Timeline

The company announced the postal ballot on March 25, 2026, seeking member approval for the appointment of Mr. Dhruv Ranjan as a Non-Executive, Non-Independent Director. The voting process will be conducted exclusively through remote e-voting, with no physical ballot forms being distributed to shareholders.

Director Appointment Proposal

The Board of Directors appointed Mr. Dhruv Ranjan (DIN-11570610) as an Additional Director in the Non-Executive, Non-Independent category on February 27, 2026, based on the recommendation of the Nomination and Remuneration Committee. The appointment requires shareholder approval within three months as per SEBI Listing Regulations.

The proposed ordinary resolution seeks to formalize Mr. Ranjan's appointment as a Non-Executive, Non-Independent Director, liable to retire by rotation, with effect from April 24, 2026. The company has received the requisite notice under Section 160 of the Companies Act, 2013, from a member proposing his candidature.

Candidate Profile and Expertise

Mr. Dhruv Ranjan brings substantial experience to the board with his professional background spanning multiple sectors:

His career includes nearly a decade in venture capital, beginning with the Indian Angel Network and continuing with Anicut Capital since 2016. He has evaluated investments across consumer, deeptech, and space tech sectors, with portfolio exposure to companies including Neeman's, Blue Tokai, GIVA, and Agnikul. His early career at Wipro demonstrated strong business development skills, scaling territory revenues from ₹6 lakhs to ₹65 lakhs over four years.

Voting Process and Compliance

In compliance with Ministry of Corporate Affairs circulars, the postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company, registrar, or depositories. Physical copies will not be distributed, and only remote e-voting will be accepted.

Shareholders holding equity shares as of the cut-off date of March 20, 2026, are eligible to vote. The voting rights will be proportionate to their shareholding in the company's paid-up equity share capital. National Securities Depository Limited (NSDL) will provide the remote e-voting platform for the process.

Corporate Governance Framework

The appointment aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. Mr. Ranjan has filed the necessary consent and disclosure forms, confirming his eligibility under Section 164(2) of the Act. He will be entitled to sitting fees for board and committee meetings and commission on net profits as determined by the board.

The Board of Directors has recommended the resolution for shareholder approval, noting that Mr. Ranjan's expertise in investment evaluation and financial analysis will benefit the company's strategic initiatives.

AG Ventures Limited has successfully completed the relocation of its registered office to Noida, Uttar Pradesh, following receipt of regulatory approval from the Regional Director. The company announced this development through a disclosure filed under Regulation 30 of the SEBI Listing Regulations on March 01, 2026.

Regulatory Approval Received

The company has obtained the Certificate of Registration from the Regional Director, approving the change of state for its registered office relocation. This approval represents the culmination of the administrative process that began with the company's initial communication dated February 09, 2026.

New Office Location Details

The relocated registered office is now situated at a prominent business location in Noida's commercial district:

Company Background

AG Ventures Limited, formerly known as Oriental Carbon and Chemicals Limited, operates under CIN L64990UW1978PLC249903. The company maintains its website at www.agventuresltd.com and continues its operations from the new registered office location.

Compliance and Documentation

The office relocation has been completed in full compliance with regulatory requirements. Company Secretary Vipin signed the disclosure document digitally on March 01, 2026, at 22:03:36 +05'30', ensuring proper documentation of this corporate change. The disclosure was submitted to BSE Limited under scrip code 506579, maintaining transparency with stakeholders and regulatory authorities.