Asian Petroproducts & Exports Limited held its 34th Annual General Meeting (AGM) on September 22, 2026, via Video Conferencing (VC). The meeting focused on the adoption of audited financial statements for the fiscal year ended March 31, 2026, and several key governance resolutions.

Key agenda items addressed

The Board presented six primary items for shareholder approval. These included the adoption of the Balance Sheet as at March 31, 2026, and the Profit and Loss account for the year. Additionally, the company sought approval for the re-appointment of directors and changes to its capital structure.

The specific resolutions tabled were:

• Adoption of audited financial statements for FY26.
• Re-appointment of Ms. Nupur Ankur Chaturvedi, who retired by rotation.
• Increase in authorised share capital and alteration of the Memorandum of Association.
• Re-appointment of Shri Jashwant Bhatt as an Independent Director for a second term.
• Enhancement of limits for granting loans, investments, or securities under Section 186 of the Companies Act 2013.
• Approval for material related party transactions with Brijlaxmi Leasing And Finance Limited.

Meeting proceedings and voting

Mr. Jaykishor Chaturvedi, Chairman, declared the meeting in order after confirming the requisite quorum. All directors attended via VC except Mr. Devindersingh Bhumra. Representatives from M/s. DBS & Associates, the statutory auditors, and M/s. Roy Jacob & Co., the secretarial auditors, also participated remotely.

The Chairman noted that all resolutions had already been voted upon through remote e-voting. However, e-voting facilities remained open during the meeting for members who had not yet cast their votes. CS Devesh Pathak was appointed as the Scrutinizer to oversee the voting process. The meeting concluded at 3:02 pm IST.

Asian Petroproducts & Exports has deferred its proposed preferential issue of equity shares after its Board of Directors failed to reach a conclusive decision. The matter will be placed before the Board at a subsequent meeting for further deliberation.

The company held its rescheduled Board Meeting on September 11, 2026. The agenda included the consideration of preferential equity share issuances to both promoters (via conversion of unsecured loans) and the non-promoter public category (for cash consideration).

Outcome of the Meeting

Despite due discussion and deliberation, the Board was unable to finalize the proposal. Consequently, the issuance has been deferred rather than approved or rejected outright. The company notified the BSE on September 11, 2026, regarding this outcome.

This follows a previous postponement of the meeting from September 9 to September 11, 2026, which was attributed to unavoidable circumstances. The trading window closure for Designated Persons, which began on September 5, 2026, remains in effect until 48 hours after the conclusion of the meeting.