avt natural products has scheduled its 40th Annual General Meeting (AGM) for Monday, August 17, 2026, at 11:30 am IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars. The primary objective of the gathering is to secure shareholder approval for key board-level appointments, including the formalization of the Chief Executive Officer’s role and the addition of a new Non-Executive Director.

The ordinary business agenda includes receiving and adopting the audited financial statements for the financial year ended March 31, 2026, declaring a final dividend, and appointing Mr. Rahul Thomas (DIN: 09762551) as a director in place of his retirement by rotation. Mr. Thomas, who holds an MBA and a degree in Economics, was appointed to the Board on June 12, 2024. He attended all six Board meetings held during FY25-26 and currently serves as a Director at AVT Mc Cormick Ingredients Private Limited.

Board Appointments

Under special business, shareholders will consider an ordinary resolution to appoint Mr. Siddharth Thomas (DIN: 07431990) as a Non-Executive Director. Mr. Thomas was initially appointed as an Additional Director by the Board on June 9, 2026, pursuant to Section 161(1) of the Companies Act, 2013. He holds a Bachelor’s degree in Science from Purdue University, USA, and brings experience in public equity analysis and portfolio management. He is eligible to retire by rotation upon appointment.

The most significant item on the agenda is a special resolution to appoint Mr. K. Nandakumar as Manager & Chief Executive Officer. The Board initially approved his appointment on May 28, 2026, subject to shareholder consent. Mr. Nandakumar will serve a five-year term from May 28, 2026, to May 27, 2031. He joined the company as CEO on September 1, 2025, bringing over three decades of experience across industries including Philips, GE, 3M, Honeywell, and TVS Rubber. He holds a degree in Mechanical Engineering from Bangalore University and completed the Executive Management Program at IIM Bangalore.

Remuneration Structure

The proposed remuneration package for Mr. K. Nandakumar is structured within the limits specified under Section 197 of the Companies Act, 2013, read with Schedule V. The details are outlined below:

Additional benefits include contributions to provident and superannuation funds, gratuity, leave encashment, and communication facilities. In years where profits are inadequate, remuneration may be paid up to the minimum limits specified in Part II of Section II of Schedule V.

Voting and Logistics

Shareholders holding shares as of the cut-off date, Monday, August 10, 2026, are eligible to vote. Remote e-voting will be open from 9:00 am on Friday, August 14, 2026, to 5:00 pm on Sunday, August 16, 2026, via Central Depository Services (India) Limited (CDSL). The book closure period runs from Tuesday, August 11, 2026, to Monday, August 17, 2026. Proxy appointment is not available for this virtual meeting. M/s. V Suresh Associates has been appointed as the scrutinizer to ensure a fair voting process.

AVT Natural Products Limited has fixed August 10, 2026 as the record date to determine members eligible for the final dividend. The 40th Annual General Meeting (AGM) of the company is scheduled to be held on August 17, 2026. Shareholders holding shares as of the record date will qualify for the dividend payout and voting rights at the AGM.

The Register of Members and share transfer books of the company will remain closed from August 11, 2026 to August 17, 2026. This closure is for the purpose of determining dividend entitlement and for the conduct of the 40th AGM. The meeting of the Board of Directors, convened on June 09, 2026, approved these dates along with other key agenda items.

In a significant boardroom change, the directors took note of the resignation of Mrs. Shanthi Thomas from the position of Director (Non-Executive Non-Independent Director) effective June 09, 2026. Her resignation was attributed to personal reasons. Consequently, the board approved the appointment of Mr. Siddharth Thomas as an Additional Director (Non-Executive Non-Independent Director) with effect from the same date, subject to member approval.

Mr. Siddharth Thomas brings experience as an Analyst in Public Equity and Portfolio Management and holds a Bachelor's degree in Science from Purdue University, USA. The appointment is based on the recommendations of the Nomination and Remuneration Committee. Disclosures confirm he is the son of Mr. Ajit Thomas, Chairman, and the brother of Mr. Rahul Thomas, Director.

The following table summarizes the key dates and corporate actions approved by the board:

The statutory disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Siddharth Thomas is not debarred from holding the office of Director pursuant to any SEBI order or order of any other authority.