Him Teknoforge Limited held its 55th Annual General Meeting on September 30, 2026, at its registered office in Baddi, Himachal Pradesh. The meeting focused on corporate governance updates, including the appointment of three new independent directors and the reappointment of Joint Managing Director Rajiv Aggarwal.

The proceedings were chaired by Vijay Aggarwal, Chairman cum Managing Director. Key agenda items included the adoption of audited financial statements for FY26 and the declaration of dividends on equity shares. The company also sought shareholder approval for material related party transactions with Globe Precision Industries Pvt Ltd.

Governance and director appointments

The shareholders approved several significant changes to the board composition. Three individuals were appointed as Independent Directors to strengthen oversight and governance standards. Additionally, Rajiv Aggarwal was reappointed as a Director retiring by rotation.

Meeting details and attendance

The meeting commenced at 11:00 am and concluded at 11:40 am. A total of 30 members attended in person, with no proxies recorded. The quorum was duly formed before the commencement of business. Statutory auditor PRA Associates and Chief Financial Officer Harsh Khurana were also present during the session.

The scrutinizer, Sachin Jain, was appointed to oversee the e-voting process. Results of the voting are scheduled to be announced within 48 hours of the meeting's conclusion and will be displayed on the company website.

Him Teknoforge has scheduled its 55th Annual General Meeting for September 30, 2026, to approve a significant related-party transaction worth up to ₹14,300 lakh with Globe Precision Industries Pvt Ltd. The meeting will also see the appointment of three independent directors.

The company, based in Himachal Pradesh, seeks shareholder approval for material transactions involving the sale and purchase of goods, fixed assets, and job work charges with Globe Precision. This entity is part of the promoter group of Him Teknoforge.

Related Party Transaction Details

The proposed transactions for FY27-28 represent 32.86% of Him Teknoforge’s annual consolidated turnover for FY25-26. The aggregate value is expected to exceed the materiality threshold prescribed under SEBI LODR Regulations, which stands at 10% of annual consolidated turnover (₹43,522.66 lakh).

The breakdown of the proposed ₹14,300 lakh limit includes:

For context, total transactions with Globe Precision in FY25-26 amounted to approximately ₹9,651 lakh, primarily driven by the sale of goods (₹8,501.76 lakh). The new cap indicates a substantial increase in operational interdependence between the two entities.

Board Appointments

Shareholders will vote on the confirmation of three independent directors:

• Mr. Rajesh Kumar Singh: A former General Manager at State Bank of India with over 36 years of experience in corporate banking. He was appointed as an additional non-executive independent director on September 4, 2026, pending shareholder ratification for a three-year term.
• Mrs. Prerna Sudeep Bokil: A Company Secretary with expertise in corporate laws and governance. She holds multiple directorships including Integra Switchgears Limited and Aimtron Electronics Limited. Her appointment is for a two-year term.
• Mr. Purshotam Lal Sharma: A technologist with 43 years of experience, including roles as CEO at Indofarm Tractors. Having completed the requisite three-year cooling-off period from his previous tenure, he seeks a five-year term starting September 30, 2026. As he has attained the age of 75, member approval under Regulation 17(1A) of SEBI Listing Regulations is required.

Additionally, Mr. Rajiv Aggarwal retires by rotation and offers himself for reappointment.

Other Business

The Board recommends the ratification of remuneration for M/s S.K. Jain & Co., Cost Accountants, appointed as Cost Auditor for FY26-27. Their fee is set at ₹40,000 per annum plus out-of-pocket expenses.

The record date for dividend eligibility is September 23, 2026. The register of members will remain closed from September 24 to September 30, 2026.