avt natural products will hold its 40th Annual General Meeting (AGM) on Monday, August 17, 2026, at 11:30 am IST via Video Conferencing or Other Audio-Visual Means. The primary objective is to secure shareholder approval for the appointment of Mr. K. Nandakumar as Manager & Chief Executive Officer for a five-year term and to appoint Mr. Siddharth Thomas as a Non-Executive Director. These moves formalize leadership transitions initiated by the Board in mid-2026, ensuring continuity in strategic execution for the natural products manufacturer.

The meeting agenda also includes ordinary business items: adopting the audited financial statements for the financial year ended March 31, 2026, declaring a final dividend, and reappointing Mr. Rahul Thomas as a director upon his retirement by rotation. The virtual format complies with Ministry of Corporate Affairs (MCA) General Circular No. 20/2020 and subsequent updates, including General Circular No. 03/2025 dated September 22, 2025.

Key Board Appointments

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

The second item is a special resolution to appoint Mr. K. Nandakumar as Manager & Chief Executive Officer, effective from May 28, 2026, to May 27, 2031. The Board initially approved his appointment on May 28, 2026, subject to member consent. Mr. Nandakumar joined the company as CEO on September 1, 2025, bringing over three decades of experience from global firms including Philips, GE, 3M, Honeywell, and TVS Rubber. He holds a Mechanical Engineering degree from Bangalore University and completed the Executive Management Program at IIM Bangalore.

Remuneration Structure

Mr. Nandakumar’s remuneration is structured within the limits of Section 197 of the Companies Act, 2013, read with Schedule V. The package details are as follows:

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

Voting Logistics and Shareholder Rights

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.

The company has transferred unpaid dividends from FY2017-18 and FY2018-19 to the Investor Education & Protection Fund (IEPF). Shareholders are urged to claim unencashed dividends immediately to avoid further transfers to the IEPF Authority. Physical share transfers are no longer permitted; all holdings must be in demat form.

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.