Ajanta Soya Limited held its 35th Annual General Meeting (AGM) on September 28, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted through video conferencing and other audio-visual means, with members approving key leadership reappointments and auditor remuneration.

Leadership and Governance Updates

The AGM commenced at 12:30 pm and concluded at 1:27 pm. A total of 322 members participated in the virtual meeting. Mr. Sushil Kumar Goyal, Managing Director, served as the Chairman of the meeting. The quorum was present throughout the session.

Members approved the following resolutions:

Operational Briefing and Audit Status

Mr. Saju Mathew, VP (Operations), briefed members on operational performance for the year and future plans. The Company Secretary confirmed that the statutory registers were available for electronic inspection. Notably, the audit reports from the Statutory Auditors and Secretarial Auditors for FY26 contained no qualifications, reservations, adverse remarks, or disclaimers.

Voting and Compliance

Voting was conducted via remote e-voting from September 25 to September 27, 2026, and live e-voting during the AGM. Mr. Debabrata Deb Nath of R&D Company Secretaries acted as the Scrutinizer. The consolidated voting results will be submitted to stock exchanges and uploaded to the company’s website within stipulated timelines.

What the Numbers Show

The meeting highlights a stable governance structure with the retention of core leadership, including the Managing Director and Whole Time Directors. The absence of any qualifications in the statutory and secretarial audit reports signals clean compliance and financial reporting standards for FY26, providing a transparent baseline for stakeholder assessment.

Promoter Chander Kala Goyal has transferred 2,97,21,877 equity shares of Ajanta Soya Limited to the CKG Family Trust by way of gift. The transaction represents 36.93% of the company’s paid-up share capital and was executed on September 16 and 17, 2026.

The transfer is part of a broader succession plan within the promoter group. In addition to the direct share transfer, Mrs. Goyal also gifted 3,76,004 equity shares of Cosmic Alloys and Metal Works Private Limited (CAMWPL) to the trust. CAMWPL holds an indirect 11.18% stake in Ajanta Soya.

Regulatory Exemption

The transactions were conducted under an exemption granted by SEBI on July 30, 2026, bearing reference no. WTM/KCV/CFD/08/2026-27. The regulator waived the open offer requirements under Regulation 3 read with Regulation 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption recognized that the transfer involves no change in control or management, as both the transferor and the acquirer belong to the same promoter group.

Shareholding Impact

The restructuring consolidates promoter holdings under the CKG Family Trust without altering the total promoter group stake.

The public shareholding remains unchanged at 50.20%, ensuring continued compliance with minimum public shareholding norms.

What the Numbers Show

The transaction results in a significant concentration of voting power within the CKG Family Trust. Post-transfer, the trust holds a direct stake of 38.27% and exercises indirect control over an additional 11.18% through CAMWPL. This brings the trust’s effective influence to 49.45% of the company’s equity, maintaining the status quo for overall promoter control while centralizing governance under a single trust structure.