Multibase India Limited adopted the audited financial statements for the financial year ended March 31, 2026, during its 35th Annual General Meeting held on September 24, 2026. The meeting also approved the re-appointment of a director retiring by rotation and ratified payments to cost auditors.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means from 12:30 pm to 1:10 pm IST. Mr. B. Renganathan, Non-Executive Independent Director and Chairman, presided over the session. All directors, including committee chairpersons, were present.

Key resolutions passed

The shareholders transacted ordinary business items as outlined in the notice dated August 11, 2026. The resolutions included:

• Adoption of audited financial statements for FY26 along with Board and Auditor reports.
• Appointment of Mr. Mohd Sopin Peerzade (DIN: 11142143) in place of himself, who retired by rotation and was eligible for re-appointment.
• Ratification of remuneration payable to Cost Auditors for the financial year ending March 31, 2027.
• Approval of material related party transactions with Multibase S.A., the promoter and holding company, for FY27-28.

Voting and compliance details

Remote e-voting facilities were available from September 21, 2026, to September 23, 2026. Members who did not vote remotely could participate during the meeting until 15 minutes after its conclusion. Mr. Rishit Shah, Practicing Company Secretary, served as the scrutinizer to ensure fair voting processes.

The company stated that detailed voting results will be communicated to stock exchanges within two working days and posted on the company website and the National Securities Depository Limited portal. No specific financial figures such as revenue or profit margins were disclosed in the AGM proceedings summary itself, focusing instead on procedural approvals and governance matters.

Multibase India Limited has scheduled its 35th Annual General Meeting for Thursday, September 24, 2026. The meeting will commence at 12:30 pm and will be conducted exclusively through Video Conferencing or Other Audio-Visual Means.

The company published the notice in compliance with Regulation 30 of the SEBI Listing Regulations and applicable Ministry of Corporate Affairs circulars. The advertisement appeared in the Financial Express and Gujarat Chitra newspapers on September 2, 2026.

Meeting Logistics

Shareholders holding shares as of the record date will receive the Notice of the AGM along with the Annual Report only through electronic mode. No physical copies will be dispatched. The documents are also available on the company website, the BSE website, and the NSDL e-voting platform.

Members who have not registered their email addresses with the company or depositories must do so to attend and vote. The registration window closes on September 17, 2026. Shareholders can register via the Registrar and Share Transfer Agent, MUGF Intime India Private Limited.

Voting Process

The company will provide a remote e-voting facility through NSDL for all resolutions listed in the AGM notice. Login credentials for casting votes will be sent via email after successful verification of member details. E-voting will also be available during the live meeting.

The e-voting period commences on Monday, September 21, 2026, at 9:00 am and ends on Wednesday, September 23, 2026, at 5:00 pm. Members holding shares as on the cut-off date of Thursday, September 17, 2026, may cast their votes electronically.

Share Transfer Window

A special window for the re-lodgement of transfer deeds for physical shares is open from February 5, 2026, to February 4, 2027. This applies to transfers lodged before April 1, 2019, that were rejected or unattended due to document deficiencies.

Agenda Items

The AGM will transact the following business:

Ordinary Business:

• Adoption of audited financial statements for the financial year ended March 31, 2026, along with reports of the Board and auditors.
• Re-appointment of Mr. Mohd Sopin Peerzade (DIN 11142143) as a Non-Executive Non-Independent Director, liable to retire by rotation.

Special Business:

• Ratification of remuneration for Cost Auditors M/s. B. F. Modi & Associates for FY27, set at ₹1,00,000 plus GST and out-of-pocket expenses.
• Approval of material Related Party Transactions with Multibase S.A. (Promoter/Holding Company) for FY28. The proposed aggregate value is up to ₹30,00,00,000 (₹30 crore). These transactions involve the purchase and sale of goods and miscellaneous reimbursements, carried out on an arm's length basis in the ordinary course of business.

Financial Highlights FY26

During FY26, Multibase India reported revenue from operations of ₹6,657.04 lakh, a decrease of 5.91% compared to ₹7,074.87 lakh in FY25. Profit after tax stood at ₹1,042.75 lakh, down from ₹1,465.49 lakh in the previous year. The decline in revenue was primarily due to lower sales of Silicone Masterbatch products and a shift in the customer base. Gross margin reduced to 35.80% from 37.90% in FY25, driven by a sudden increase in raw material costs.

The Board did not declare any dividend for FY26, opting to conserve resources for future growth. The company successfully commenced production of its second traded product at the Daman plant under the localisation project, aiming to reduce dependence on traded products.