Parvati Sweetners and Power Limited shareholders approved the re-appointment of Poonam Chouksey as Chairman and Managing Director. The decision was taken at the company's 15th Annual General Meeting held on September 29, 2026.

The re-appointment is effective for a term of three years, commencing on September 20, 2026, and ending on September 20, 2029. The results of the voting were declared on September 30, 2026. This move ensures continuity in leadership for the agro-industrial firm based in Madhya Pradesh.

Leadership profile and background

Chouksey has served as a Director of the company since 2012. She is recognized for her leadership in the agro-industrial sector and her broader role as an educationist and philanthropist. She co-founded the Lakshmi Narain College of Technology (LNCT) in 1993 alongside Jai Narain Chouksey. Under their guidance, the LNCT Group has expanded into a conglomerate offering technical, management, pharmaceutical, dental, and medical education across several cities including Bhopal, Indore, Jabalpur, and Bilaspur.

Chouksey holds a Master of Arts, Bachelor of Education, and Master of Business Administration degrees. Born in Agra, Uttar Pradesh, she has been noted for her commitment to women's empowerment and community development through educational initiatives.

Governance disclosures

The filing confirms that Chouksey is not debarred from holding office by any regulatory authority. It also discloses familial relationships within the board structure to ensure transparency under SEBI listing obligations.

The company filed this intimation with the BSE under Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure highlights the concentration of leadership roles within the Chouksey family, with both executive and non-executive director positions held by immediate family members.

Parvati Sweetners and Power Limited convened its 15th Annual General Meeting (AGM) on September 29, 2026, seeking member approval for a strategic acquisition and executive remuneration updates. The meeting, conducted via video conferencing, focused on the proposed purchase of a 51% equity stake in a related party entity.

The most significant item on the agenda was the special resolution to acquire 51% of the paid-up equity share capital of M/s Vedshree Food Industries Private Limited. The company proposes to purchase or subscribe to 5,100 equity shares with a face value of ₹10 each. The total consideration for this transaction is set at ₹6 crore. This acquisition involves a related party, as indicated by the company's disclosures under SEBI (LODR) Regulations.

Board and Governance Updates

The AGM also addressed the re-appointment of key personnel and auditor remuneration. Members were asked to approve the re-appointment of Ms. Pooja Shree Chouksey as a director, who retired by rotation. Additionally, a special resolution sought approval for the appointment and remuneration of Mrs. Poonam Chouksey as Managing Director for a period of three years.

Under the proposed terms, if the company reports no profits or inadequate profits, the remuneration payable to the Managing Director shall not exceed ₹84 lakh per annum, provided the effective capital is between ₹5 crore and ₹100 crore. This aligns with Schedule V limits of the Companies Act, 2013.

Auditor Remuneration Ratification

Members also ratified the remuneration payable to the Cost Auditors for FY27. The board had appointed M/s Sanjay Kasliwal & Associates as Cost Auditors. The ratified annual fee is ₹30,000, plus applicable taxes and reimbursement of out-of-pocket expenses incurred during the audit process.

Meeting Logistics and Voting

The meeting was held virtually in compliance with MCA circulars permitting AGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM). A total of 33 members attended the meeting through VC, meeting the quorum requirement. Electronic voting results will be announced separately within two working days following the receipt of the scrutinizer's report.