Pajson Agro India Limited has scheduled its first Extraordinary General Meeting (EGM) for July 16, 2026, to seek shareholder approval for the appointment of a statutory auditor and related party transactions. The meeting will be held through video conferencing at 04:00 p.m. IST, allowing members to vote on resolutions that impact the company's governance and financial structure for the financial year 2026-27.

The Board recommends appointing M/s. S.S. Kothari Mehta & Co. LLP as statutory auditors to fill a casual vacancy caused by the resignation of M/s. P. K. Maheshwari & Co. The resignation follows the surrendering of the Certificate of Practice by the signing partner of the previous firm. The new auditors, if approved, will hold office until the conclusion of the ensuing Annual General Meeting.

Shareholders will also consider an ordinary resolution to approve material related party transactions with Pajson Global DMCC. The transactions, expected to cross applicable materiality thresholds, involve the purchase of raw material and advance payments amounting to ₹4,000.00 lakhs and ₹2,500.00 lakhs respectively. These agreements are proposed to be valid up to March 31, 2027, and will be conducted on an arm's length basis.

A special resolution has been proposed to revise the means of finance for the company's project. The Board recommends replacing the initially proposed internal sources of ₹1788.19 lakhs with term loan facilities aggregating to ₹20 Crore from a bank. This change aims to help the company qualify for a Capital Subsidy Scheme offered by the Government of Andhra Pradesh, thereby reducing the effective project cost without altering the utilization of funds or the project's objectives.

EGM and Voting Details

The company has established the following timeline for e-voting and the general meeting:

Members eligible to vote as on the cut-off date may cast their votes remotely or during the EGM. The facility for e-voting will be provided by National Securities Depository Limited (NSDL). Mr. Ankur Goyal has been appointed as the Scrutinizer for the voting process.

Pajson Agro India Ltd has appointed new auditors to oversee its compliance and internal processes for the next two financial years. The Board of Directors approved the appointment of M/s SJ Kumar & Associates as the Secretarial Auditor and M/s AVKG & Associates as the Internal Auditor. These appointments are effective from June 20, 2026, covering FY 2026-27 and FY 2027-28.

The decision was taken during a board meeting held on June 20, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited that the new appointments follow the expiry of the previous auditors' tenure.

M/s SJ Kumar & Associates, a firm of Practicing Company Secretaries based in Delhi, will provide secretarial consulting services. M/s AVKG & Associates, a firm based in U.P. and Delhi, will handle internal audit services. There are no disclosed relationships between the directors and the newly appointed firms.

Appointment Details