Kachchh Minerals Limited concluded its Forty-Fifth Annual General Meeting on September 29, 2026. The meeting was conducted through Video Conferencing and Other Audio-Visual Means, with 34 members attending virtually.

The Company Secretary, Dipen Vijaykumar Shah, informed shareholders that the Notice and Annual Report for FY26 were sent electronically in compliance with Ministry of Corporate Affairs circulars. Remote e-voting was facilitated by National Securities Depository Limited from September 26 to September 28, 2026.

Resolutions Passed

The Chairman, Kuldip Bhalchandra Vyas, presided over the meeting. Members considered and approved the following ordinary resolutions:

Meeting Proceedings

The Chairman noted that there were no qualifications or observations in the Statutory Auditors Report. The Board provided suitable explanations for observations made by the secretarial auditor. The e-voting results will be disseminated to stock exchanges within two working days and are available on the company website.

Governance and Compliance

The meeting confirmed that requisite quorum was present throughout. The Company Secretary highlighted that physical copies of the Annual Report were dispensed with, aligning with regulatory directives for digital distribution. All shareholders were kept on mute during the session to ensure orderly proceedings.

Kachchh Minerals Limited has rescheduled its 45th Annual General Meeting (AGM) to Tuesday, September 29, 2026, at 3:00 pm. The meeting will be held via Video Conferencing or Other Audio-Visual Means.

The AGM notice was dispatched to members on September 7, 2026, in compliance with Ministry of Corporate Affairs and SEBI circulars. The meeting agenda covers the adoption of audited standalone financial statements for FY26, appointment of a new statutory auditor, and reappointment of two directors by rotation.

Financial performance

Kachchh Minerals reported a sharp deterioration in financial performance for FY26. The company recorded a net loss of ₹110.56 lakhs, reversing a profit of ₹1.79 lakhs in the previous year. Total income fell to ₹2.53 lakhs from ₹35.81 lakhs, as revenue from operations was nil compared to ₹29.44 lakhs in FY25. Total expenses rose to ₹113.10 lakhs from ₹34.01 lakhs, driven largely by ROC fees of ₹76.00 lakhs and listing fees of ₹10.56 lakhs under other expenses.

The board has not recommended any dividend for FY26. No amount was transferred to general reserves given the loss for the year.

Auditor appointment

The company seeks shareholder approval to appoint M/s A.K. Mantri & Associates, Chartered Accountants (FRN: 003697C), as its statutory auditor. This follows the resignation of M/s Om Prakash S. Chaplot & Co., Chartered Accountants (FRN: 000127C), effective August 14, 2026, which created a casual vacancy.

The Board of Directors, at its meeting on August 14, 2026, appointed M/s A.K. Mantri & Associates on the recommendation of the Audit Committee. The proposed resolution covers two phases:

• Interim appointment: M/s A.K. Mantri & Associates will serve from August 14, 2026, until the conclusion of the 45th AGM to fill the casual vacancy.
• Long-term tenure: The firm will hold office for five years, from the conclusion of the 45th AGM until the conclusion of the 50th AGM in 2031.

M/s A.K. Mantri & Associates has its presence in Ujjain and Mumbai, holds a valid peer review certificate from the ICAI Peer Review Board valid up to October 31, 2028, and has experience serving listed entities and large corporates. The Audit Committee recommended the appointment based on the firm's audit experience, market standing, and technical expertise. Remuneration will be determined by the Audit Committee in consultation with the auditors.

Board reappointments

Two directors are seeking reappointment by rotation at the AGM:

Mr. Kanani brings over 20 years of experience in construction and infrastructure. Ms. Sadariya has approximately 30 years of experience in the dairy industry. Both directors attended all board meetings in FY26.

Corporate developments in FY26

During FY26, the company increased its authorised share capital from ₹10,00,00,000 to ₹90,00,00,000, divided into 9,00,00,000 equity shares of ₹10 each. The paid-up share capital remained unchanged at ₹5,21,17,500, comprising 53,00,900 equity shares. The registered office was shifted from Malad West to Kandivali East, Mumbai, effective February 13, 2026. The company also altered its main objects pursuant to a special resolution passed at an Extraordinary General Meeting on May 23, 2025.

A proposed preferential issue of 7,38,37,500 equity shares on a share-swap basis to shareholders of M/s Rajhans Procon Private Limited did not materialise, as the requisite stock exchange approval was not obtained. The board withdrew the proposal at its meeting on November 14, 2025.

Voting and logistics

Key dates for the 45th AGM are as follows:

E-voting is facilitated through National Securities Depository Limited (NSDL). Mr. Mihen Halan (Membership No. F9926), Proprietor of M/s Mihen Halani & Associates, Practicing Company Secretaries, has been appointed as scrutinizer for the e-voting process.