Indo Gulf Industries has published the notice for its 43rd Annual General Meeting in Financial Express and Jansatta on September 6, 2026. The meeting is scheduled for September 30, 2026, via video conference.

The company submitted its FY26 annual report to the Bombay Stock Exchange. Documents were dispatched electronically to shareholders in compliance with Regulation 34(1) of the SEBI Listing Regulations.

E-Voting and Book Closure Details

The register of members and share transfer register will remain closed from September 24, 2026, to September 30, 2026, inclusive. This closure facilitates the determination of eligible shareholders for the meeting.

Remote e-voting via Central Depository Services (India) Limited’s platform commences on September 27, 2026, at 9:00 am. Voting ends on September 29, 2026, at 5:00 pm. The cut-off date for determining voting rights is September 23, 2026, aligning with Rule 20(4)(vii) of the Companies (Management & Administration) Rules, 2014.

Related Party Transactions

Shareholders will vote on material related party transactions (RPTs) with two entities for FY27:

Ganesh Explosives is the holding company. The proposed ₹17 crore limit includes up to ₹13 crore in funding transactions and ₹4 crore in operational transactions. These represent 6% of the company’s annual consolidated turnover from the preceding financial year.

Rajesh Explosives is an entity under common management. The proposed ₹2 crore limit covers truck leasing at ₹2 lakh per month. This represents 0.01% of the company’s annual consolidated turnover.

Director Rajesh Jain is interested in both resolutions and will not vote. The transactions are proposed on an arm’s length basis.

Board Appointments

Mr. Arjun Singh Bhandari was appointed as an Additional Director on July 17, 2026. Shareholders will approve his appointment as a Director liable to retire by rotation and his redesignation as Managing Director for five years, starting September 30, 2026.

Mr. Bhandari will not receive salary, commission, bonus, or perquisites. He is entitled to sitting fees for board meetings and reimbursement of actual out-of-pocket expenses. He holds an MBA and has no shareholding in the company.

Director Rajesh Jain retires by rotation and offers himself for reappointment.

Other Agenda Items

The meeting will also ratify the remuneration of M/s. Gautam Chhetri & Co. as Cost Auditors for FY27. The approved fee is ₹60,000 plus GST and out-of-pocket expenses.

Meeting Conduct

The 43rd AGM will be conducted through video conference or other audio-visual means without physical presence. This mode follows Ministry of Corporate Affairs circulars No. 20/2020, No. 14/2020, No. 17/2020, and No. 02/2021, alongside SEBI Circulars No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 and No. SEBI/HO/CFD/CMD2/CIR/P/2021/11.

Corporate Information

Indo Gulf Industries maintains its corporate office in Dehradun, Uttarakhand, and its registered office in New Delhi. The company operates a factory in Jhansi, Uttar Pradesh.

Indo Gulf Industries accepted the resignation of Gaurav Kumar as Managing Director effective August 30, 2026. Kumar cited unavoidable circumstances for his departure from the role he has held since March 14, 2022.

The company disclosed the change in board composition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was received by the company on August 31, 2026.

Board Composition Change

Kumar’s departure marks the end of his tenure which began nearly four years ago. The disclosure notes that he holds no other directorships in listed entities and has no disclosed relationships with other directors.

The company stated that Kumar will extend full cooperation to ensure a smooth transition of responsibilities.