Malt Land Distilleries Limited has approved the shifting of its registered office from Maharashtra to Uttarakhand. The decision was taken during the company's 44th Annual General Meeting held on September 29, 2026, via video conferencing.

The meeting, which commenced at 4:00 pm and concluded at 4:16 pm IST, saw participation from 16 shareholders through audio-visual means. Virendra Jain, Managing Director and Chairman, presided over the session where the notice convening the meeting was taken as read.

Key resolutions passed

Shareholders adopted the audited standalone financial statements and board report for the financial year ended March 31, 2026. Additionally, a director retired by rotation under Section 152 of the Companies Act, 2013, in line with ordinary business proceedings.

The special business agenda included the alteration of the Memorandum of Association consequent to the shift of the registered office. This move marks a strategic relocation of the corporate base to Uttarakhand.

Governance and audit updates

The board also addressed governance requirements by appointing a secretarial auditor for a four-year term spanning FY27 to FY30. ACS Parul Agrawal, a practicing company secretary, served as the scrutinizer to ensure fair and transparent voting processes.

What the numbers show

The low shareholder turnout of 16 participants highlights a concentrated ownership structure or limited retail engagement typical for micro-cap entities undergoing structural changes. The simultaneous adoption of financials and approval of a major operational shift suggests management confidence in the transition plan despite minimal external dissent recorded during the Q&A session.

Malt Land Distilleries has scheduled its 44th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The virtual meeting will convene at 4:00 pm to transact ordinary and special business items for the financial year ended March 31, 2026.

Meeting Details

The AGM will be held through Video Conferencing or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs circulars. Shareholders holding shares as on the record date of September 22, 2026, are eligible to attend and vote. Remote e-voting is open from September 25, 2026, to September 28, 2026.

Agenda Items

The board has listed four key items for shareholder consideration during the meeting. These include the adoption of financial statements, the reappointment of the Managing Director, and two special resolutions regarding corporate governance and location.

Ordinary Business

Shareholders will consider the adoption of the Financial Statements for FY25-26, including the Balance Sheet, Profit and Loss Account, Cash Flow statements, and the Board’s Report. Additionally, Mr. Virendra Jain, Managing Director, retires by rotation under Section 152 of the Companies Act, 2013. Being eligible, he offers himself for reappointment.

Special Business: Office Shift

The company seeks member approval to shift its registered office from Maharashtra to Uttarakhand. This move requires a Special Resolution and subsequent approval from the Regional Director, Mumbai. The company cites administrative convenience, proximity to principal business operations, infrastructure availability, and cost effectiveness as reasons for the relocation. The Memorandum of Association will be altered accordingly upon regulatory approval.

Secretarial Auditor Appointment

Pursuant to Section 204 of the Companies Act, 2013, the board recommends appointing M/s Parul Aggarwal & Associates as the Secretarial Auditor. The Delhi-based firm, holding Peer Review No. 3397/2023, will serve a one-term tenure of four years covering Financial Years 2026-27 to 2029-30. No relationship exists between the directors and the appointed firm.

Key Dates