Astron Multigrain Limited shareholders approved a borrowing limit of ₹100 crore during the company's 8th Annual General Meeting (AGM) held on September 25, 2026. The meeting, conducted via video conferencing, also saw the adoption of FY26 financial statements and the appointment of new statutory auditors.

Key resolutions passed

The special resolutions approved by shareholders focused on expanding the company's financial flexibility. These included:

• Approval of borrowing limits under Section 180(1)(c) of the Companies Act, 2013, up to ₹100 crore.
• Authorization to create charges or mortgages on movable and immovable properties, present and future, up to ₹100 crore.
• Permission to give loans, guarantees, or securities under Section 185 up to ₹100 crore.
• Approval for making investments and providing securities under Section 186 up to ₹100 crore.

Auditor appointment and director re-election

The AGM addressed governance changes alongside financial approvals. Members appointed M/s. Babubhai Patel & Associates, Chartered Accountants (Firm Registration No. 100816W), as the Statutory Auditors for a term of five consecutive years. This appointment also filled a casual vacancy caused by the resignation of the previous auditors, M/s. Piyush Kothari & Associates.

Additionally, Mrs. Poonam Jenish Khoont, Non-Executive Director, was re-appointed as she retired by rotation and offered herself for re-election. The board also fixed the remuneration for Mr. Jenish Parshottambhai Khunt, Chairman & Managing Director, effective April 1, 2026.

Financial statement adoption

Shareholders received and adopted the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and the Auditors. The voting results for all resolutions, including remote e-voting and e-voting at the meeting, will be disseminated to stock exchanges and placed on the company website in due course.

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.