Khaitan (India) Limited held its 89th Annual General Meeting on September 25, 2026, through video conferencing, with both resolutions passing with 99.97% votes in favour.

Meeting proceedings and attendance

The meeting commenced at 11:30 am and concluded at 12:10 pm. A total of 108 members participated in the session. The Chairman, Sunay Krishna Khaitan, confirmed the presence of a quorum and introduced the directors and auditors present through video conferencing.

Key attendees included:

The Statutory Auditor, Biswajit Datta from M/S. K.C. Bhattacharjee & Paul LLP, was absent due to unavailability, with his absence approved by the Chairman. The Secretarial Auditor, V.P. Rajeev, and the Scrutinizer, Gouri Shanker Mishra, attended the meeting.

Financial review and business updates

During the address, the Chairman outlined the company's performance for FY26, highlighting key operational shifts. The management discussed the suspension of the Sugar Division and expansion efforts in the Electrical Goods sector. The Chief Financial Officer read out qualifications and observations from the Independent Auditor's Report and the Secretarial Auditor's Report, noting that the Board had already provided explanations in the Directors' Report.

Voting and resolutions

Remote e-voting was facilitated through CDSL from September 22, 2026, to September 24, 2026. Shareholders holding equity shares as on the cut-off date of September 18, 2026 were entitled to vote. Members attending through video conferencing who had not voted via remote e-voting were permitted to cast their vote during the meeting, with the Chairman allowing e-voting within 30 minutes of the meeting's conclusion. Gouri Shankar Mishra, Partner at BGS Mishra & Associates, Company Secretaries LLP, served as the Scrutinizer pursuant to Section 108 of the Companies Act, 2013.

The following resolutions were transacted:

• Ordinary Business: Adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the Auditors and Directors.
• Special Business: Re-appointment of Gopal Mor as an Independent Director for a second term.

Scrutinizer's report: voting results

The consolidated scrutinizer's report, submitted by Gouri Shankar Mishra on September 25, 2026, confirmed the outcome of both resolutions based on data obtained from the CDSL e-voting system.

Resolution 1: Adoption of audited financial statements (Ordinary Resolution)

The resolution received the requisite majority and was passed as an Ordinary Resolution.

Resolution 2: Re-appointment of Gopal Mor as Independent Director (Special Resolution)

The resolution received the requisite majority and was passed as a Special Resolution.

Detailed voting breakdown by shareholder category

The SEBI (LODR) compliant filing provides a granular view of how different shareholder categories voted. The promoter group held 2,861,630 shares and voted 2,762,405 shares via e-voting for both resolutions, resulting in a 100% approval rate from this group. Public institutions held 1,234 shares but did not participate in the voting.

Public non-institutional shareholders held 1,887,136 shares. For Resolution 1, they voted 22,545 shares, with 21,731 in favour and 814 against. For Resolution 2, they voted 22,545 shares, with 21,730 in favour and 815 against. The slight variation in votes against between the two resolutions indicates a marginal shift in dissent among public shareholders regarding the director re-appointment compared to the financial statement adoption.

What the numbers show

The voting data reveals a significant concentration of power in the hands of the promoter group. While the overall approval rating stands at 99.97%, this is heavily driven by the promoter group, which voted 2,762,405 shares unanimously in favour. The public non-institutional shareholders, who voted only 22,545 shares out of their holding of 1,887,136, registered the entirety of the dissenting votes (814 and 815 shares respectively). This suggests that while the institutional and retail base is largely disengaged or low-participation, the small segment that did vote showed a roughly 3.6% dissent rate against both resolutions.

Khaitan (India) Limited has accepted the resignation of Chandranath Banerjee from his roles as Company Secretary and Compliance Officer. The change takes effect from September 6, 2026.

The company informed the stock exchanges that Banerjee tendered his resignation due to personal reasons. There are no material reasons for his departure other than those stated.

Interim Compliance Arrangement

Until the appointment of a new Company Secretary and Compliance Officer, the company has authorized Sumit Pasari to handle compliance functions. Pasari currently serves as the Chief Financial Officer.

Banerjee served a one-month notice period as per his employment terms. His tenure concluded at close of business hours on September 6, 2026.

Regulatory Disclosures

The disclosure was made in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

Executive Director Sunay Krishna Khaitan signed the intimation letter addressed to the listing departments of the National Stock Exchange of India Limited and BSE Limited.