Aimco Pesticides Limited has published the postal ballot notice for the proposed sale of a residential property in Mumbai to a promoter director for ₹4,77,60,000. The advertisement appeared in the Free Press Journal (English Mumbai Edition) and Navshakti (Marathi Mumbai Edition) on June 24, 2026. The transaction involves Flat No 104 on the first floor of Vibhuti Apartment Building at Shanti Road, Off Gandhigram Road, Juhu, to Mrs. Tarlika Pradip Dave, a Promoter and Non-Executive Director of the company. The board approved the proposal on May 28, 2026, based on the recommendation of the Audit Committee, to support immediate working capital and cash flow requirements.

The proposed transaction requires prior approval from members through an ordinary resolution as the aggregate value amounts to 10% or more of the annual standalone net worth of the company. The notice clarifies that the transaction is not considered a "Material Related Party Transaction" under SEBI regulations as it does not exceed 10% of the annual consolidated turnover. A valuation report from a registered valuer determined the price on an arm's length basis.

Postal Ballot and E-voting Details

The company has engaged M/s. MUGF Intime India Private Limited to facilitate the remote e-voting process. The voting period commences at 9:00 a.m. IST on Wednesday, June 24, 2026, and concludes at 5:00 p.m. IST on Thursday, July 23, 2026. Shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date of Friday, June 19, 2026, are eligible to vote. The company completed the dispatch of the Postal Ballot Notice along with the explanatory statement via email on June 23, 2026.

M/s. SPRS And Co. LLP, Company Secretaries, has been appointed as the scrutinizer to oversee the postal ballot process. The scrutinizer will submit a report to the Chairman not later than two working days from the conclusion of the e-voting. The results will be announced on the company’s website and communicated to the stock exchange immediately thereafter.

Transaction Particulars

The following table outlines the key details of the proposed related party transaction:

The resolution, if passed by the requisite majority, will be deemed to have been passed on the last date specified for e-voting, July 23, 2026. The notice specifies that the transaction is not in the ordinary course of business.

Aimco Pesticides Limited has entered into a Student Research Project Agreement with the University of Melbourne and Aimco International FZE to conduct studies on novel products for agriculture. The agreement, dated June 19, 2026, involves the company facilitating a payment of AUD $191,096.40 (inc. GST) to the University of Melbourne through its wholly owned subsidiary. This strategic partnership is intended to advance research in the agricultural sector.

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aimco International FZE is a wholly owned subsidiary of Aimco Pesticides Limited, holding 100% shareholding. The University of Melbourne holds no shareholding in the listed entity.

The transaction has been classified as a related party transaction and was conducted at arm's length. The agreement imposes a financial liability of AUD $191,096.40 (inc. GST) on the company. There is no impact on the management or control of Aimco Pesticides Limited as a result of this agreement.

Key Agreement Details