Insilco Limited adjourned its 38th Annual General Meeting (AGM) scheduled for September 10, 2026, citing a lack of quorum. The company is under voluntary liquidation effective June 25, 2021.

The meeting was originally set for Thursday, September 10, 2026, at 3:00 pm. It was conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Due to insufficient attendance to constitute a quorum, the proceedings could not commence.

Rescheduled Meeting Details

Pursuant to Section 103(2)(a) of the Companies Act, 2013, the 38th AGM has been adjourned to the same day in the following week. The new schedule is as follows:

The company stated it will issue a separate notice for the adjourned meeting in due course. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Priya Singhal, Company Secretary and Compliance Officer, signed the communication on behalf of Insilco Limited.

Insilco Limited, which is under voluntary liquidation, has scheduled its 38th Annual General Meeting (AGM) for Thursday, September 10, 2026, at 3:00 pm. The meeting will be held through Video Conferencing or Other Audio Visual Means (VC/OAVM), with the deemed venue set as the company’s registered office in Noida.

The Board of Directors approved the notice for the meeting on July 28, 2026. The primary agenda includes the adoption of audited financial statements for FY26 and key board appointments.

Meeting Logistics and E-Voting

Shareholders eligible to vote must hold shares as of the cut-off date of September 3, 2026. The register of members and share transfer books will remain closed from September 4, 2026, to September 10, 2026 (both days inclusive).

E-voting facilities will be available from September 5, 2026, at 9:00 am until September 9, 2026, at 5:00 pm.

Financial Performance for FY26

The company reported no revenue from operations during the financial year ended March 31, 2026, consistent with the previous year. Plant operations have been suspended since October 2019 due to the refusal of 'Consent to Operate' by the Uttar Pradesh Pollution Control Board. Consequently, the company initiated the voluntary liquidation process effective June 25, 2021.

The total comprehensive loss for FY26 stood at ₹27.63 million, compared to ₹28.29 million in FY25. Other income decreased significantly to ₹3.66 million from ₹22.41 million in the prior year. Total expenditure also declined to ₹30.37 million from ₹45.06 million.

Board Appointments

Shareholders will consider the re-appointment of Mr. Vinod Paremal (DIN: 08803466), who retires by rotation. He was appointed as a Non-Executive Non-Independent Director with effect from October 10, 2025, after resigning from the position of Managing Director on October 9, 2025. He does not receive any remuneration or sitting fees.

Additionally, shareholders will vote on the appointment of Mr. Manmohan Juneja (DIN: 00464238) as a Non-Executive Independent Director for a term of five years, commencing August 4, 2026. Mr. Juneja is a Fellow Chartered Accountant with extensive experience in corporate law, liquidation, and insolvency proceedings.

Liquidation Status

The liquidator has filed a dissolution application before the National Company Law Tribunal (NCLT), Allahabad Bench. While the Insolvency and Bankruptcy Board of India (IBBI), Registrar of Companies (ROC), and Securities and Exchange Board of India (SEBI) have filed no-objection reports, the Income-tax Department has yet to file its report. The matter is listed before the NCLT on June 12, 2026.

Previously, the liquidator distributed liquidation proceeds to shareholders at ₹4.58 per equity share. An amount of ₹10.65 million was deposited with the IBBI due to the non-traceability of certain shareholders.