KG Petrochem Limited has published the notice for its 46th Annual General Meeting (AGM) in Financial Express and Business Remedies newspapers on August 4, 2026. The meeting, scheduled for August 26, 2026, will seek shareholder approval for the re-appointment of three senior directors and the issuance of a ₹3.5 crore corporate guarantee for group entity Suave Casa Ideas Private Limited. This disclosure ensures shareholders are aware of the upcoming voting requirements and deadlines.

The Board of Directors proposed these resolutions in its meeting on July 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The corporate guarantee is intended to secure a bank guarantee from HDFC Bank Limited. Management disclosed that the guarantee carries a commission of 0.5% per annum and is structured as an arm’s length transaction. The company also aims to regularize the appointment of a new independent director during the meeting.

Director Re-appointments and Remuneration

Shareholders will vote on the re-appointment of Manish Singhal as Managing Director, Prity Singhal as Whole Time Director, and Gauri Shanker Kandoi as Chairman cum Whole Time Director. All three directors are related by family ties: Singhal is the son of Kandoi and husband of Prity Singhal. Their terms will extend for three years, from August 1, 2026, to July 31, 2029.

The proposed remuneration for each director remains unchanged at ₹20,00,000 per month, inclusive of allowances. The Board noted that despite potential inadequacy of profits in any financial year during their tenure, this remuneration is reasonable given their experience and responsibilities. Approval is sought under Section 198 and Schedule V of the Companies Act, 2013, to pay this minimum remuneration if profits are insufficient.

New Independent Director

The AGM will also regularize the appointment of Anjal Kejriwal as a Non-Executive Independent Director. Kejriwal, a commerce graduate with over 15 years of experience in the textile industry, was initially appointed as an Additional Director on May 27, 2026. His term as an Independent Director will last five years, until May 26, 2031. He has no inter-se relationships with other directors.

Voting Process and Financial Context

For the fiscal year ended March 31, 2026, KG Petrochem reported a turnover of ₹31,365.62 lakhs and a Profit Before Tax (PBT) of ₹595.10 lakhs. The company attributed lower margins to profit constraints, stating it is taking steps to reduce costs by 2-5%.

To determine voting eligibility, the Register of Members and Share Transfer Books will remain closed from August 20, 2026, to August 26, 2026. Only shareholders recorded in the register or depository records as of August 19, 2026, will be eligible to vote. Remote e-voting will be available from August 23 to August 25, 2026. The meeting commences at 12:00 P.M. (IST) at the company’s corporate office located at 602, 6th Floor, Monarch Building, Amrapali Marg, Vaishali Nagar, Jaipur.

KG Petrochem Limited reported a net profit of ₹445.13 lakh for the financial year ended March 31, 2026, a decrease from ₹550.82 lakh in the previous year. Revenue from operations for the year stood at ₹31,365.62 lakh, compared to ₹37,538.82 lakh in FY25. The board of directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹248.11 lakh on revenue from operations of ₹8,111.48 lakh. Total income for the quarter was ₹8,333.13 lakh. The profit before tax for the year was ₹595.10 lakh. The company’s earnings per share (EPS) for the year was ₹8.53, down from ₹10.55 in the previous year.

Board Appointments and Resignations

Based on the recommendations of the Audit Committee and Nomination and Remuneration Committee, the board approved the appointment of M/s Arpit Vijay & Co. as the Internal Auditor. Additionally, Mr. Anjal Kejriwal was appointed as an Additional Director designated as Non-Executive Independent Director for a term of five years effective from May 27, 2026, to May 26, 2031, subject to shareholder approval.

The board accepted the resignation of Mrs. Vani Jain as an Independent Director, effective from the close of business hours on May 27, 2026, due to pre-occupation. The board placed on record its appreciation for her contributions.

Auditor's Report

H. C. Bothra & Associates, Chartered Accountants, provided an unmodified opinion on the audited financial results. The report confirms that the financial statements give a true and fair view in conformity with the Indian Accounting Standards (Ind AS). The trading window, which was closed since April 1, 2026, will reopen 48 hours after the declaration of the financial results.