Kothari Fermentation & Biochem conducted its 36th Annual General Meeting on September 30, 2026, via video conferencing. The meeting addressed the adoption of FY26 financial statements and revisions to director remuneration, with voting outcomes pending from the scrutinizer.

The proceedings commenced at 11:30 am and concluded at 11:46 am. Pramod Kumar Kothari, Chairman and Managing Director, chaired the session. Siddhant Kothari, Whole-Time Director, was absent due to prior commitments. The company reported that no registered speakers were available to address the members during the virtual session.

Resolutions tabled for approval

The Board sought shareholder approval for several ordinary and special resolutions. These included the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Pramod Kumar Kothari, who retired by rotation. Additionally, special resolutions were proposed to revise the remuneration of both Pramod Kumar Kothari and Kavita Devi Kothari, the Whole-Time Director.

Audit reports and compliance

The Company Secretary confirmed that there were no qualifications in the Financial Audit Report or the Secretarial Audit Report for FY26. The independent audit report was issued by Kothari Kuldeep & Co., Chartered Accountants, while the secretarial audit report was provided by Priyanka Saxena & Associates. The notice convening the AGM was sent electronically on September 7, 2026.

Shareholder participation and e-voting

Remote e-voting facilities were available from September 24, 2026, to September 29, 2026. Deepika Jain, Practicing Company Secretary, was appointed as the scrutinizer to supervise the voting process. The company noted that a special window for re-lodging transfer deeds of physical shares rejected before April 1, 2019, remains open until February 4, 2027.

Kothari Fermentation and Biochem Limited announced that its internal auditor, M/s. Arun K. Garg & Associates, has resigned effective September 25, 2026. The firm cited pre-occupation and other professional commitments as the reason for stepping down from its role for Financial Year 2026-27.

The resignation was tendered via a letter dated September 22, 2026, which the company received on September 25, 2026. This disclosure was made to the BSE in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

The company confirmed that the cessation of services is immediate. The following table outlines the key details disclosed in the regulatory filing:

Next Steps

Kothari Fermentation stated it is currently in the process of identifying and appointing a new internal auditor. This action will be taken in accordance with applicable provisions. The company will provide a separate intimation regarding the new appointment once finalized.

The resigned firm, represented by partner CA Arun Kumar Garg, also issued a no-objection certificate for the appointment of any other Chartered Accountant firm to fill the casual vacancy created by their resignation.