Arrowhead Seperation Engineering sets Sep 16 AGM, approves director pay
- Arrowhead Seperation Engineering schedules 35th AGM for September 16, 2026
- Board seeks approval for ₹1.5 crore annual remuneration cap for promoters Ajit and Jyoti Mundle
- FY26 net profit fell 60% to ₹16.57 lakh despite 14% revenue growth to ₹2,335.81 lakh
- Expenditure rose 17.22%, outpacing income growth and compressing margins
- Operational efficiency improved with higher inventory and receivable turnover ratios
*this image is generated using AI for illustrative purposes only.
Arrowhead Seperation Engineering Limited has scheduled its 35th annual general meeting for September 16, 2026. The company confirmed the register of members and share transfer books will remain closed from September 9 to September 15, 2026, for the meeting.
The board meeting on August 24, 2026, finalized the agenda, which includes the reappointment of Chairman and Managing Director Ajit Mundle. Shareholders will also vote on special resolutions regarding director remuneration.
Remuneration Approvals
The company seeks shareholder consent to pay remuneration of up to ₹1.5 crore per annum to both Ajit Mundle and Whole-time Director Jyoti Mundle. This cap covers salary, perquisites, benefits, incentives, and allowances for the financial years 2026-27 and 2027-28.
Ajit Mundle, aged 76, serves as the Chairman and Managing Director. Jyoti Mundle, aged 70, is the Whole-time Director. Both are promoters and have been with the company since its incorporation in 1991.
| Director | Designation | Proposed Remuneration Cap | Tenure Period |
|---|---|---|---|
| Ajit Mundle | Chairman & MD | Up to ₹1.5 crore p.a. | FY27-FY28 |
| Jyoti Mundle | Whole-time Director | Up to ₹1.5 crore p.a. | FY27-FY28 |
The resolutions allow for this remuneration even if the company reports no profits or inadequate profits, subject to Schedule V of the Companies Act, 2013. The basic salary component for both directors is capped at ₹84 lakh per annum, with an annual increment limit of 10%.
Financial Performance Context
The remuneration approvals come against a backdrop of mixed financial results for FY26. Total income rose to ₹2,335.81 lakh in FY26, up from ₹2,046.50 lakh in FY25. However, net profit declined to ₹16.57 lakh from ₹41.37 lakh in the previous year.
The company attributes the profit dip to its focus on business expansion following its conversion to a public limited company in April 2023. Management stated that profitability is expected to increase as the business enters a growth stage.
What the Numbers Show
Total expenditure rose faster than income in FY26, increasing by 17.22% to ₹2,302.62 lakh compared to a 14.14% rise in total income. This divergence compressed operating margins, leading to a decline in profit before tax from ₹79.34 lakh in FY25 to ₹26.98 lakh in FY26. Despite the bottom-line pressure, operational efficiency metrics improved, with inventory turnover rising from 2.05 to 2.09 and trade receivable turnover increasing from 2.11 to 2.31.
AGM Details
The 35th AGM will be conducted through Video Conference or Other Audio-Visual Means (OAVM) as permitted by MCA and SEBI circulars. The deemed venue is the company's registered office in Nashik, Maharashtra.
Key dates for shareholders include:
- Record date: September 9, 2026
- Remote e-voting period: September 12 to September 15, 2026
- AGM date: September 16, 2026, at 3:00 pm IST
M/s. JNG & Co. LLP has been appointed as the scrutinizer for the meeting. Institutional investors are encouraged to use the e-voting facility provided by National Securities Depository Limited (NSDL).
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0PP401015/d115ce50-efd0-4b67-b8a5-682aab03fe7c.pdf
Historical Stock Returns for Arrowhead Seperation Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.45% | 0.0% | -9.09% | 0.0% | -12.50% | -69.69% |
How will the proposed remuneration structure, which allows payment even in the absence of profits, impact shareholder confidence given the recent decline in net profit?
What specific operational strategies is Arrowhead Separation Engineering implementing to reverse the trend of expenditure outpacing income and restore operating margins?
Considering the advanced age of the key promoters (76 and 70), what is the company's succession plan for leadership continuity beyond the FY27-FY28 tenure?
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