Pact Industries Limited held its 33rd Annual General Meeting on September 30, 2026, where shareholders approved key governance changes, including the appointment of new statutory auditors and the re-appointment of Harpreet Singh as Managing Director. The meeting took place at the company’s registered office in Ludhiana, Punjab.

Governance resolutions passed

The primary business items included the adoption of audited financial statements for FY26 and several special business resolutions. Notably, the shareholders approved the appointment of M/s. Koul Vijn Associates as statutory auditors to fill a casual vacancy caused by the resignation of M/s. Sanjeev Raj & Associates. Additionally, Harpreet Singh, who retires by rotation, was re-appointed as a director and approved for re-appointment as Managing Director via a special resolution.

Voting and procedural details

The meeting commenced at 11:00 am with a quorum present. Remote e-voting was available from September 27 to September 29, 2026, while physical voting through ballot papers was conducted during the meeting. Mrs. Pooja Damir Miglani served as the scrutinizer for the voting process. The consolidated results of the voting will be submitted to BSE Limited and uploaded on the company’s website following the receipt of the Combined Scrutinizers' Report.

Operational approvals

Shareholders also granted approval for related party transactions and authorized the creation of mortgages or charges on the company’s assets under Section 180(1)(a) of the Companies Act, 2013. These approvals are critical for maintaining the company’s operational flexibility and financing capabilities.

Pact Industries Limited has scheduled its 33rd Annual General Meeting for September 30, 2026. The meeting will address key governance matters including the reappointment of the managing director and the appointment of new statutory auditors.

The Board approved the notice during a meeting held on September 7, 2026, in Ludhiana. Shareholders on record as of the cut-off date will be eligible to vote.

Auditor Transition Details

M/s Sanjeev Raj & Associates (FRN: 015202N) tendered their resignation on September 7, 2026, citing preoccupation with other professional assignments. The Board accepted this resignation based on the recommendation of the Audit Committee.

M/s Koul Vijh Associates (FRN: 008709N) was appointed effective September 8, 2026, to hold office until the conclusion of the 33rd Annual General Meeting. Shareholder approval will be sought at the AGM for a subsequent five-year term extending until the conclusion of the 38th AGM. The proposed audit fees for FY27 are ₹50,000 plus applicable taxes and out-of-pocket expenses.

Management and Governance Updates

Harpreet Singh (DIN: 00570541) was reappointed as Managing Director for a period of five years, liable to retire by rotation. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. The company confirmed that Mr. Singh is not debarred from holding office by SEBI or any other statutory authority.

The Board also approved the notice for the 33rd AGM, scheduled for September 30, 2026, at 11:00 am at the registered office in Ludhiana. The cut-off date for determining voting eligibility is September 23, 2026. M/s PDM & Associates has been appointed as the scrutinizer for the e-voting process.

Related Party Transactions

The AGM will seek approval for related party transactions with entities linked to directors. These include sales and purchases with Kartarz Alloys Private Limited and Preet Builders Pvt. Ltd., each capped at ₹2.00 crore annually for FY27. Additionally, rent payments to Taksonz Developers and Infrastructure Limited are capped at ₹0.05 crore annually.