Jubilant Agri & Consumer Products shareholders approved a scheme of arrangement for demerger between the company and Jubilant Agri Solutions Limited. The approval followed an NCLT-convened meeting held on September 5, 2026.

The meeting took place at Bhartiagram, Gajraula, Uttar Pradesh, pursuant to an order dated July 8, 2026, by the National Company Law Tribunal, Allahabad Bench. The tribunal appointed Mr. Deep Chandra Joshi as chairperson and Mr. Saumyam Krishna as alternate chairperson for the proceedings.

Meeting Proceedings

The session commenced at 11:30 am with the requisite quorum present. A total of 47 equity shareholders participated in the meeting. Of these, 17 attended in person or through authorized representatives, while 30 voted via proxy.

Mr. Anil Kumar served as the scrutinizer for the meeting, appointed by the NCLT. The chairperson briefed participants on the agenda and explained the salient features of the proposed demerger scheme under Sections 230 to 232 of the Companies Act, 2013.

Voting Mechanism

Shareholders could vote through remote e-voting or physical polling. The remote e-voting facility was available from September 2, 2026, at 9:00 am to September 4, 2026, at 5:00 pm. Those who had not cast their votes electronically used physical polling papers at the venue.

Queries raised by members were addressed during the deliberation. The combined voting results of remote e-voting and physical polling will be announced on the stock exchange websites and the company’s website.

Regulatory Compliance

The proceedings complied with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Hariom Pandey, Company Secretary, signed the summary of proceedings on behalf of the company.

Jubilant Agri & Consumer Products concluded its 18th Annual General Meeting on September 1, 2026. The company secured shareholder approval for all four ordinary resolutions placed before the meeting.

The virtual gathering commenced at 11:00 am and ended at 11:48 am. A total of 66 members attended via video conferencing. Chairman Priyavrat Bhartia presided over the proceedings, while CEO Mohandeep Singh and CFO Umesh Sharma were among the key management personnel present.

Voting Outcomes

Shareholders voted overwhelmingly in favor of all agenda items. The promoter group held 11,266,637 shares and voted entirely in favor of every resolution. Public institutional investors participated with 5,494 votes polled out of 60,602 held. Non-institutional public shareholders cast 147,023 votes from their holding of 3,825,254 shares.

Key Agenda Items

The primary business included adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Statutory auditors BGJC & Associates LLP and secretarial auditors Sanjay Grover & Associates provided unqualified opinions on these reports.

Another critical resolution involved the reappointment of Chairman Priyavrat Bhartia, who retires by rotation. The board also sought approval for commission payments to independent directors and ratified the remuneration of the cost auditor appointed by the board.

Attendance Details

Non-executive director Shamit Bhartia was absent due to prior commitments. All other independent directors, including Radhey Shyam Sharma, Ravinder Pal Sharma, and Sanjanthi Sajan, attended the meeting. The scrutinizer, DMK Associates, certified the voting process as compliant with SEBI listing regulations and the Companies Act, 2013.