Indo US Bio-Tech Limited concluded its 22nd Annual General Meeting on September 30, 2026, with all five proposed resolutions passing by requisite majority. The meeting was conducted via video conferencing.

The company reported that 17 shareholders attended the virtual meeting. This included six members from the promoter and promoter group and eleven public shareholders. Voting results were scrutinized by Amrish Gandhi & Associates, Company Secretaries.

Resolution Outcomes

The shareholders approved the adoption of audited financial statements for FY26, the re-appointment of a director retiring by rotation, and the appointment of new statutory auditors. Additionally, a special resolution regarding borrowing limits and an ordinary resolution approving related party transactions were passed.

Voting Participation Details

Remote e-voting was conducted between September 27 and September 29, 2026. The total number of votes polled across all resolutions stood at 1,48,41,548. Promoters and promoter group members cast 1,36,93,643 votes, representing 100% of their holding. Public non-institutional shareholders polled 11,47,905 votes, which constituted 18.05% of their total holdings.

Notably, no votes were recorded from public institutional shareholders. For the resolution concerning the re-appointment of Mrs. Priyanka Samarth Patel, promoter votes were declared invalid due to interest in the matter, yet the resolution still passed with a substantial majority of valid votes.

Indo US Bio-Tech Limited has scheduled its 22nd Annual General Meeting (AGM) for September 30, 2026. The meeting will address the appointment of statutory auditors, the reappointment of a retiring director, and significant special business items including enhanced borrowing limits and related-party transaction approvals.

The Board of Directors approved the draft notice and Directors' Report in its meeting held on September 5, 2026. The AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 2:30 pm.

Auditor Appointment and Director Reappointment

The Board recommended appointing M/s. Bhagat & Associates, Chartered Accountants (FRN: 101100W), as Statutory Auditors for a period of five consecutive years. This term runs from the conclusion of the 22nd AGM until the conclusion of the 27th AGM, subject to shareholder approval.

Additionally, shareholders will vote on the reappointment of Mrs. Priyanka Samarth Patel (DIN: 07941023) as a Director. She retires by rotation at this meeting and is eligible for reappointment.

Special Business: Borrowing and Related Parties

The AGM agenda includes two special resolutions:

1. Borrowing Limits: Shareholders will decide on empowering the Board to borrow up to ₹250 crore over and above the aggregate of paid-up capital, free reserves, and securities premium. The resolution also permits creating charges on company assets up to ₹100 crore.
2. Related Party Transactions: Approval is sought for transactions with related parties under Section 188 of the Companies Act, 2013, with an annual limit of ₹10 crore for each type of transaction.

Disclosures for FY26 show various related-party dealings, including advances given to Indo US Agriseeds Limited (₹3.45 crore) and Patel Beej Nigam (₹1.20 crore). Loans taken from promoter Jagdish D. Ajudia amounted to ₹11 lakh, while repayments totaled ₹11.60 lakh.

AGM Logistics and Voting

Shareholders holding shares on the record date of September 23, 2026, are eligible to vote. The remote e-voting period runs from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. M/s. Amrish Gandhi & Associates will scrutinize the e-voting process.

The book closure for equity shares is from September 23, 2026, to September 30, 2026, inclusive, in compliance with Regulation 42 of the SEBI (LODR) Regulations 2015.