Paradeep Parivahan shareholders approved all seven resolutions at its 26th Annual General Meeting, including a ₹300 crore borrowing limit. The meeting, held on August 26, 2026, also saw the regularization of Mr. Abdul Basith Shaikh’s appointment as Executive Director.

The AGM was conducted in compliance with the Companies Act, 2013 and SEBI Listing Regulations. Remote e-voting was available from August 22 to August 25, 2026, with physical voting facilitated via ballot paper during the meeting. CS Jyotirmoy Mishra served as the scrutinizer for the voting process.

Key Resolutions Passed

Shareholders approved seven items of business, including ordinary and special resolutions. The key outcomes included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Regularization of Mr. Abdul Basith Shaikh’s appointment as Executive Director.
• Approval of remuneration for Mr. Shaikh and other non-managing directors.
• Revision in terms of appointment for the Managing Director and Executive Directors.
• Approval to advance loans or provide guarantees under Section 185 of the Companies Act, 2013.
• Authorization to borrow funds aggregating ₹300 crore (fund and non-fund based).

Executive Director Regularization

Mr. Abdul Basith Shaikh (DIN: 11070576) was appointed as an Additional Director by the Board on April 13, 2026. His tenure concluded at the AGM, where shareholders approved his regularization as an Executive Director effective August 26, 2026. He will retire by rotation and receive an annual remuneration of ₹27.04 lakh.

Mr. Shaikh holds a B.Tech from NIT Karnataka and an MBA from Narsee Monjee Institute of Management Studies, Mumbai. He brings over a decade of experience from JSW Group, Welspun Group, and Tata Steel. He is a related party to Mr. Khalid Khan, Managing Director & CEO, being the husband of Mr. Khan’s daughter.

Voting Details

The scrutinizer's report confirmed that all resolutions were passed unanimously with zero votes against any item. A total of 11,060,380 votes were polled out of 15,918,000 shares held by shareholders on the record date (August 19, 2026), representing a participation rate of 69.48%.

Promoter group shareholders held 10,499,940 shares. For the borrowing limit and financial statement resolutions, promoters cast 100% of their votes in favor. For remuneration-related resolutions involving interested parties, promoter participation was lower but still unanimous in support.

Meeting Details

The meeting commenced at 12:30 pm and concluded at 2:00 pm at Mayfair Bay Resort in Paradeep, Odisha. Mr. Pravat Kumar Nandi, Executive Director, chaired the proceedings. The quorum was present, and the notice along with the annual report and financial statements was taken as read.

Attendance

Directors present included Mrs. Parbati Priya Nandi, Mr. Chandra Kanta Prusty, Mr. Prithvi Ranjan Parhi, Mr. Ardendu Shekhar Raut, Mrs. Bushra Khan, and Mr. Abdul Basith Shaikh. Mr. Khalid Khan, Managing Director & CEO, and Mr. Chandra Kanta Prusty were absent.

Key managerial personnel present were Mr. Suryasnata Rath, Chief Financial Officer, and CS Usha Rani Ray, Company Secretary & Compliance Officer. Statutory auditors, secretarial auditors, internal auditors, and the scrutinizer also attended.

Paradeep Parivahan Limited has initiated remote e-voting for its 26th Annual General Meeting (AGM), scheduled for August 26, 2026. The company notified the Bombay Stock Exchange (BSE) that electronic voting will commence on August 22, 2026, at 9:00 AM and conclude on August 25, 2026, at 5:00 PM. This update follows the earlier announcement of the book closure period, which runs from August 20 to August 26, 2026, to determine shareholder eligibility.

The AGM will be held at Nua Sandhakuda, Mayfair Bay Resort, Paradeep, Odisha, starting at 12:30 PM (IST). Shareholders whose names appear in the register of members as of the cut-off date of August 19, 2026, are eligible to cast their votes. The company published the notice of the meeting and remote e-voting information in Orissa Post (English) and The Sakala (Odia) on August 5, 2026.

Key Dates for Shareholders

Shareholders holding shares in physical form who have not registered their email addresses are requested to provide their details to the Registrar and Transfer Agent, Bigshare Services Pvt. Ltd., or via email to the company. Those holding demat shares can use their existing NSDL credentials or register at https://vote.bigshareonline.com to access the voting platform.

Voting Procedures and Compliance

The disclosure was made pursuant to Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility for voting through ballot paper will also be available at the AGM venue for members who have not voted remotely.

Usha Rani Ray, Company Secretary & Compliance Officer (ACS No. 79021), signed the intimation dated August 5, 2026. The notice of the AGM and the Annual Report for the year ended March 31, 2026, were dispatched electronically on August 4, 2026, to members with registered email IDs. These documents are also available for inspection at the company’s registered office in Paradeep and on its website.