Clara Industries schedules 5th AGM for September 29, 2026
- Clara Industries holds its 5th AGM on September 29, 2026, in Saharanpur
- Members to adopt audited financials for FY26 ending March 31, 2026
- Parry Kukreja up for re-appointment as Managing Director for five years
- Noor Kukreja proposed as Non-Executive Director and Chairperson
- Geeta Rani recommended as Independent Non-Executive Director
*this image is generated using AI for illustrative purposes only.
Clara Industries has scheduled its fifth annual general meeting for Tuesday, September 29, 2026, at 4:00 pm. The meeting will be held at Unit no.3, Khasra No.219, Village Padli Khushalpur, Dehradun Road, Saharanpur, Uttar Pradesh.
The company issued the notice on September 7, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Shareholders will vote on ordinary and special business items during the gathering.
Ordinary Business Agenda
Members will consider and adopt the audited financial statements for the financial year ended March 31, 2026. This includes the balance sheet, statement of profit and loss, and reports from the Board of Directors and auditors.
The agenda also lists the re-appointment of M/s Jay Gupta and Associates as statutory auditors. The firm will hold office for five consecutive financial years from FY27 through FY31, with remuneration determined by the Board.
Special Business Resolutions
The meeting will address several key governance appointments:
- Re-appointment of Parry Kukreja as Managing Director effective September 29, 2026, for a five-year term.
- Appointment of Geeta Rani as an Independent Non-Executive Director for a five-year term, not liable to retire by rotation.
- Appointment of Noor Kukreja as a Non-Executive Director and Chairperson.
- Note on the appointment of M/s Verma Ashish & Company as Secretarial Auditor for five years from FY26 to FY30.
Related Party Disclosures
The explanatory statement notes that Noor Kukreja is the daughter of Managing Director Parry Kukreja and Executive Director Nikhil Kukreja. Consequently, these family members are concerned or interested in the resolution regarding her appointment. No other directors or key managerial personnel have a financial interest in this specific resolution.
For the appointment of Geeta Rani, the Board confirmed her independence under Section 149(6) of the Companies Act, 2013. The only related party interest disclosed involves Ms. Geeta Sharma, though she is not a director or key managerial personnel of the company.
Meeting Logistics
The register of members and transfer books will remain closed from September 23, 2026, to September 29, 2026. Members holding shares in physical form are requested to submit self-attested PAN copies for any share transfers. Voting will be conducted via ballot paper, with M/s Verma Ashish & Company appointed as the scrutinizer.
Historical Stock Returns for Clara Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +0.57% | -12.88% | -11.34% | 0.0% |
How might the re-appointment of Parry Kukreja as Managing Director influence Clara Industries' strategic direction and operational stability over the next five years?
What specific expertise or industry connections does new Independent Director Geeta Rani bring that could enhance corporate governance and board oversight?
Could the appointment of Noor Kukreja as Chairperson signal a generational leadership transition, and how might this affect stakeholder confidence in the company's long-term succession planning?
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