Manugraph India Limited has published the notice for its Fifty-Fourth Annual General Meeting (AGM) in Active Times (English) and Mumbai Lakshadeep (Marathi) on July 30, 2026. The publication confirms that the Register of Members and Share Transfer Books will remain closed from Monday, August 17, 2026, to Monday, August 24, 2026, both days inclusive. This procedural step ensures that only shareholders recorded in the register as of the cut-off date, August 17, 2026, are eligible to vote or participate in the meeting via Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The AGM is scheduled for Monday, August 24, 2026, at 12:30 p.m. IST. The meeting agenda includes critical governance matters such as the re-appointment of directors and the ratification of cost auditor remuneration for FY27. This follows the company’s significant financial turnaround in FY26, where it reported a net profit after tax of ₹4.96 crore, reversing a ₹26.69 crore loss in the prior year. Shareholders are advised to review the Annual Report, which was dispatched electronically on July 29, 2026.

Voting Procedures and Timeline

Remote e-voting will commence at 9:00 a.m. IST on Thursday, August 20, 2026, and conclude at 5:00 p.m. IST on Sunday, August 23, 2026, through the National Securities Depository Limited (NSDL) platform. Once a vote is cast, it cannot be changed. Members who have already voted remotely may attend the AGM via VC/OAVM but cannot vote again. Those attending virtually who have not voted remotely may cast their votes during the meeting. Mr. Aashish K. Bhatt & Associates has been appointed as the scrutinizer to oversee the voting process.

Key Agenda Items

The Board has recommended the re-appointment of Mr. Shailesh B. Shirguppi as Whole-Time Director (Works) for three years commencing July 1, 2026, and Ms. Madhavi Kilachand as an Independent Director for five years starting June 29, 2026. Mr. Shirguppi’s remuneration includes a basic salary of ₹95,224 per month and perquisites of ₹82,111 per month, subject to annual increments capped at 20%. Ms. Kilachand’s re-appointment recognizes her contributions to strategy and risk management oversight.

Financial Context

The governance decisions occur against a backdrop of improved operational efficiency. In FY26, Manugraph India saw revenue from operations surge 49.35% to ₹88.64 crore from ₹59.35 crore in FY25. EBITDA swung positive to ₹7.28 crore from a deficit of ₹11.61 crore. The company also reduced borrowings from ₹7.00 crore to ₹3.00 crore, improving the debt-equity ratio to 0.05.

Shareholders will also ratify the remuneration of ₹1.25 lakh per annum for Cost Auditors appointed for FY27. M/s. C.S. Adawadkar & Co. was appointed to conduct the cost audit for FY26.

Manugraph India Ltd has approved the re-appointment of Shailesh B. Shirguppi as Whole Time Director (Works) and Madhavi Kilachand as Independent Director, ensuring continuity in its leadership structure. The decisions were taken by the Board of Directors following the recommendation of the Nomination & Remuneration Committee and are subject to confirmation by shareholders at the forthcoming Annual General Meeting.

Shailesh B. Shirguppi has been re-appointed for a period of three years effective July 1, 2026. Having completed 35 years with the company, Shirguppi has extensive experience across Research & Development, Customer Support, Technical Sales, and Project Management. His background includes collaboration with international entities such as Dauphin Graphic Machinery (DGM), USA and M/s C&C Carrarro, Italy for product development and technology transfer. He holds a Bachelor in Engineering from KIT's College of Engineering, Kolhapur, and a Management Development Program certification from IIM Ahmedabad.

Madhavi Kilachand has been re-appointed as an Independent Director for a second term of five years commencing June 29, 2026. Kilachand brings experience in human resource development and corporate social responsibility from her tenure as a director at the Kesar Group of Companies. She holds a B. A. in Psychology and Literature from Mumbai University and currently works as an art educator at the Cathedral & John Connon Infant School in Mumbai.

The company confirmed that neither director is debarred from holding the office of a Director by SEBI or any other authority. Furthermore, both individuals confirmed they are not related to any existing Directors, Key Managerial Personnel, or Promoters of the company.

Re-appointment Details