CLC Industries Limited shareholders approved the audited standalone financial statements for FY26 and multiple material related-party transactions during its 34th Annual General Meeting.

The meeting, held via video conferencing on September 11, 2026, saw the reappointment of Shrutisheel Jhanwar as a director liable to retire by rotation. The quorum of 35 members was maintained throughout the proceedings, which commenced at 12:50 pm and concluded at 1:23 pm IST.

Resolutions Passed

Shareholders approved several ordinary resolutions under special business, primarily focusing on related-party transaction approvals. The Board had previously appointed Ajit Kumar, a practicing company secretary, as the scrutinizer for the e-voting process.

Related-Party Transactions

The AGM authorized material related-party transactions between CLC Industries and the following entities:

• Manjeet Cotton Private Limited (a holding company)
• Manjeet Global Private Limited
• Deegee Cotsyn Private Limited
• Sukhmani Cotton Industries
• Keshav Ginning & Pressing Factory
• DV Export
• Satyam Spinners Private Limited

Management Presence

Key management personnel attended the meeting virtually, including Chairman Bhupendra Singh Rajpal and Managing Director Sanchit Singh Rajpal. Independent Directors Gautam Nandawat, Satinder Kaaur, and Amit Ramanlal Bhandari were also present. Whole Time Director and CFO Shrutisheel Jhanwar addressed shareholder queries regarding production during the session.

Statutory, secretarial, and internal auditors joined the meeting through video conference from their respective locations to present their reports for the financial year ended March 31, 2026.

CLC Industries Limited’s Board of Directors approved the un-audited standalone financial results for the quarter and three months ended June 30, 2026, during a meeting held on August 7, 2026. The Board also considered and approved the Board’s Report for the financial year ended March 31, 2026. These approvals were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board fixed the date for the company’s 34th Annual General Meeting (AGM) as Friday, September 11, 2026, at 12:30 P.M. The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OVAM), in compliance with applicable circulars from the Ministry of Corporate Affairs (MCA) and SEBI. The Register of Members and Share Transfer Book will remain closed from September 4, 2026, to September 11, 2026, both days inclusive.

Shareholders will be able to participate in remote e-voting for the AGM from 9:00 a.m. on September 8, 2026, to 5:00 p.m. on September 10, 2026. The cut-off date for determining eligibility for e-voting is September 4, 2026. Mr. Ajit Kumar, a practicing Company Secretary, has been appointed as the Scrutinizer for the remote e-voting process to ensure fairness and transparency.

The Board sought shareholder approval for special business items at the ensuing AGM. These include the ratification of remuneration to Cost Auditors for the financial year ending March 31, 2027, and the approval of Material Related Party Transactions between the company and related parties under Regulation 23 read with Regulation 2(1)(zc) and 2(1)(zb) of the Listing Regulations.

The meeting commenced at 1:30 p.m. and concluded at 3:59 p.m. Koyal Gehani, Company Secretary & Compliance Officer, signed off on the disclosure. The copy of the Notice of the 34th AGM and the Annual Report for FY26 will be submitted to exchanges once sent to shareholders via email.