Astron Multigrain has scheduled its 8th Annual General Meeting (AGM) for September 25, 2026. The meeting will convene via Video Conferencing or Other Audio-Visual Means to adopt the financial statements for FY26 and address several special business items regarding capital structure and governance.

The company reported a ₹34.5 crore net profit for the fiscal year ended March 31, 2026, a 49% increase from the previous year's ₹23.2 crore. Total revenue rose to ₹484.0 crore from ₹339.1 crore, driven by growth in its instant noodles and papad manufacturing business.

Key AGM Resolutions

Shareholders will vote on multiple special resolutions aimed at strengthening the company's financial flexibility:

• Borrowing Limits: Approval for borrowing up to ₹100 crore under Section 180(1)(c) of the Companies Act, 2013.
• Creation of Charges: Authority to create charges/mortgages on movable and immovable properties up to ₹100 crore.
• Loans and Guarantees: Consent to give loans, guarantees, or securities under Section 185 and Section 186 of the Companies Act, up to ₹100 crore each.

Auditor Appointment

The Board seeks approval to appoint M/s. Babubhai Patel & Associates as Statutory Auditors for five years, replacing M/s. Piyush Kothari & Associates who resigned in September 2026. The outgoing auditors had issued their report for FY26 prior to resignation.

Management Remuneration

The AGM will also approve the remuneration for Chairman & Managing Director Jenish Parshottambhai Khunt. His monthly salary is proposed to increase to ₹2 lakh from April 1, 2026, up from the previously drawn ₹1 lakh per month. This change reflects his expanded responsibilities following the company's listing on the BSE SME Platform.

What the Numbers Show

The company’s balance sheet strength improved significantly following its Initial Public Offer. Long-term borrowings dropped to ₹5.0 lakh from ₹85.4 lakh in the prior year, while shareholders' equity surged to ₹270.9 crore from ₹105.4 crore. This deleveraging contributed to a debt-equity ratio improvement to 0.09 from 0.41.

Trade receivables increased substantially to ₹168.9 crore from ₹74.7 crore, indicating a shift in working capital dynamics alongside the revenue growth.

E-Voting Details

Pursuant to Section 105 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is providing remote e-voting facilities. Bishpare Services Private Limited has been appointed as the authorized agency for this process.

Remote e-voting will commence at 6:00 am on Monday, September 21, 2026, and end at 5:00 pm on Tuesday, September 22, 2026. Members holding shares as on the cut-off date may cast their votes electronically during this window. Members who vote remotely can also attend the AGM and cast their vote again if they wish.

Astron Multigrain Limited has appointed M/s. Babubhai Patel & Associates as its statutory auditor to fill a casual vacancy caused by the resignation of M/s. Piyush Kothari & Associates.

The Board of Directors approved the appointment on September 2, 2026, following a recommendation from the Audit Committee. The new firm will hold office until the conclusion of the company's ensuing Annual General Meeting (AGM).

Appointment Details

The board also approved a five-year term for M/s. Babubhai Patel & Associates, commencing from the conclusion of the Eighth AGM in 2026 until the Thirteenth AGM in 2031. This long-term appointment is subject to shareholder approval at the AGM.

Regulatory Compliance

The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm holds a valid Peer Review Certificate issued by the Institute of Chartered Accountants of India (ICAI), valid until May 31, 2029.

CA Dipal S. Patel will be in charge of the audit. The firm confirmed it is not disqualified under Section 141 of the Companies Act, 2013, and has not been debarred by any regulatory authority.