Asian Petroproducts & Exports Limited has submitted the proceedings of its 34th Annual General Meeting (AGM) held on September 22, 2026, following a request for clarification from BSE regarding a filing delay. The company attributed the few-hour delay in submission to an inadvertent and unintentional error.

The submission includes the scrutinizer's report confirming the adoption of all six resolutions tabled at the meeting. These included the audited financial statements for FY26 and key governance changes such as director re-appointments and capital structure alterations.

Clarification on filing delay

In its letter to the Corporate Relationship Department of BSE Limited dated September 28, 2026, the company responded to an email received on September 25, 2026. The communication sought clarification on the delay in submitting the AGM proceedings pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Company Secretary, CS Anjali Gurnani, stated that the delay was regretted and requested the exchange to take a lenient view and condone the inadvertent lapse. The resubmission included the brief of the proceedings alongside the previously submitted voting results.

Voting outcomes for key resolutions

The combined remote e-voting and e-voting at the AGM saw participation from 61 voters casting a total of 14,551,417 votes. For Resolutions 1 through 5, which covered the adoption of financial statements, director re-appointments, capital structure changes, and Section 186 limits, the results were nearly unanimous. Approximately 14,550,999 votes were cast in favour, while only 418 votes were cast against, representing a negligible percentage of the total valid votes.

Resolution 6, concerning material related party transactions with Brijlaxmi Leasing And Finance Limited, required the exclusion of votes from related parties. After excluding 13,964,573 invalid votes from entities such as JK Chaturvedi HUF and World Tradeimpx Private Limited, 586,844 valid votes remained. Of these, 99.93% were in favour, and 0.07% were against.

*(Negligible)

Meeting proceedings and governance details

The meeting was chaired by Mr. Jaykishor Chaturvedi, who declared it in order after confirming the requisite quorum. All directors attended via Video Conferencing (VC) except Mr. Devindersingh Bhumra. Representatives from M/s. DBS & Associates (statutory auditors) and M/s. Roy Jacob & Co. (secretarial auditors) also participated remotely.

CS Devesh Pathak was appointed as the Scrutinizer to oversee the voting process. The remote e-voting facility remained open from September 19, 2026, to September 21, 2026. The Chairman provided an overview of the financial performance for FY26 and the future outlook before concluding the meeting at 3:02 pm.

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.