Kriti Industries (India) Ltd shareholders approved the company’s audited financial statements for FY26 and reappointed Shiv Singh Mehta as chairman and managing director at the 36th annual general meeting. The meeting concluded with all resolutions passing by requisite majority.

The meeting was held via video conferencing on August 12, 2026, in Indore. A total of 57 members participated, exceeding the minimum quorum of 30 required under the Companies Act, 2013. The total membership stood at 11,430 as of the cut-off date of August 5, 2026.

Voting Results

Shareholders voted electronically through Central Depository Services (India) Limited (CDSL). Remote e-voting ran from August 9 to August 11, 2026. The voting breakdown for the ordinary resolutions is detailed below.

Management Continuity

The special resolution confirmed the reappointment of Shiv Singh Mehta as chairman and managing director for a further term of three years, effective from October 1, 2026, to September 30, 2029. The resolution also approved a revision in his remuneration, subject to SEBI LODR regulations.

Shiv Singh Mehta, who presided over the meeting, noted that the company faced a challenging period over the preceding two years. He stated that the management has focused on strategic realignment and strengthening organizational capabilities during this time.

Governance and Audit

The company appointed M/s Dhananjay V. Joshi & Associates as cost auditors for FY27, with remuneration fixed at ₹35,000 plus applicable taxes and out-of-pocket expenses. Shri Ishan Jain served as the scrutinizer for the e-voting process, while M/s M. Mehta & Company acted as statutory auditors. No adverse remarks or disclaimers were noted in the auditor’s report or secretarial audit report.

Shareholders of Kriti Industries (India) Limited have approved the company’s standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026, alongside key management appointments. The resolutions were passed during the 36th Annual General Meeting (AGM) held on August 12, 2026, through video conferencing and other audio-visual means.

The meeting commenced at 3:00 pm and concluded at 3:47 pm, with the corporate office in Indore deemed as the venue. A total of 57 members attended the virtual meeting, exceeding the quorum requirement of 30 members. Voting rights were reckoned as of August 5, 2026, with a total of 11,430 members holding 5,26,96,000 equity shares on record.

Resolutions Passed

The shareholders voted on four agenda items, all of which were passed by requisite majority. The voting process included remote e-voting from August 9 to August 11, 2026, and e-voting during the AGM. Central Depository Services (India) Limited (CDSL) facilitated the e-voting platform.

Shiv Singh Mehta (DIN: 00023523), who retires by rotation, was re-appointed as a director under Section 152(6) of the Companies Act, 2013. Additionally, a special resolution confirmed his re-appointment and fixed his remuneration as Chairman and Managing Director.

The company also ratified the remuneration of M/s Dhananjay V. Joshi & Associates (FRN: 000030) as the Cost Auditor for the financial year 2026-27.

What the Numbers Show

Promoter participation dominated the voting process, reflecting strong insider alignment with the board’s proposals. The promoter group held 3,63,99,153 shares and cast 3,63,97,146 votes in favor across all resolutions, representing nearly 100% of their held shares. In contrast, public non-institutional shareholders, who held 1,62,90,237 shares, polled only 60,098 votes, indicating minimal engagement from this segment despite the high approval rates among those who did vote.