PG Electroplast Limited has dispatched the notice for its 24th Annual General Meeting (AGM) and the annual report for FY26 to shareholders who have not registered their email addresses with the company or depositories.

The dispatch was confirmed in an intimation sent to stock exchanges on September 7, 2026. The company informed shareholders that the complete details of the AGM notice and annual report are available on its website via a provided web link and QR code.

AGM schedule and e-voting

The 24th AGM is scheduled for Tuesday, September 29, 2026, at 2:30 pm. The meeting will be held through video conferencing or other audio-visual means (VC/OAVM). The deemed venue is the company's registered office in New Delhi.

The cut-off date for remote e-voting eligibility is Friday, September 18, 2026. The remote e-voting window remains open from Saturday, September 26, 2026, to Monday, September 28, 2026.

Key agenda items

The AGM will take up both ordinary and special business. The following table summarises the agenda:

Dividend declaration

The board has recommended a dividend of 25%, i.e., ₹0.25 per equity share, for the financial year ended March 31, 2026, subject to member approval at the AGM. The record date for dividend eligibility is Friday, September 18, 2026. If approved, the dividend will be paid on or before Wednesday, October 28, 2026.

Statutory auditor change

The incumbent statutory auditors, M/s S.S. Kothari Mehta & Company, Chartered Accountants (Firm Registration No. 000756N), will complete their tenure at the conclusion of the 24th AGM. The board, on the recommendation of the Audit Committee, has proposed the appointment of M/s B S R & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 101248W/W-100022) as the new statutory auditors for a term of five years, from the conclusion of the 24th AGM to the conclusion of the 29th AGM. The proposed audit fee for B S R & Co. LLP, covering the company and its subsidiaries, is around ₹75,00,000 (Rupees Seventy Five Lakhs only), plus applicable expenses and taxes.

B S R & Co. LLP was constituted on March 27, 1990, and converted into a limited liability partnership on October 14, 2013. The firm has over 4,000 staff and 140+ partners, with offices across multiple cities in India.

Cost auditor ratification

The board appointed M/s Dhananjay V. Joshi & Associates, Cost Accountants, Pune (Firm Registration No. 000030) as cost auditors for FY27 at its meeting held on September 4, 2026. Members are being asked to ratify the remuneration of ₹4,80,000 (Rupees Four Lakhs Eighty Thousand only) payable to the cost auditors for the financial year ending March 31, 2027.

Loan and guarantee approval

Members will vote on a special resolution authorising the board to extend loans, guarantees, or securities to subsidiary, joint venture, associate, or group entities in which any director is deemed interested, up to an aggregate limit of ₹1,000 crore (Rupees One Thousand Crores only). This specifically covers Goodworth Electronics Private Limited (GEPL), a joint venture in which PG Electroplast holds a 50% stake. The approval will also cover guarantees already extended by the company on behalf of such entities.

Director seeking re-appointment

Annexure-A of the AGM notice provides details of Anurag Gupta, who retires by rotation and is eligible for re-appointment:

Shareholders who wish to obtain physical copies of the Annual Report may write to KFin Technologies Limited at einward.ris@kfin.tech or investors@pgel.in .

PG Electroplast submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange and BSE on September 5, 2026. The disclosure covers consolidated operations excluding joint ventures.

The company reported a standalone turnover of ₹14,342.99 crore and net worth of ₹26,783.83 crore for CSR calculations. Manufacturing activities account for 87.8% of turnover, with room air conditioners contributing 62.2%. Exports represent 0.21% of total turnover.

What the Numbers Show

Energy intensity per rupee of turnover fell from 0.67 in FY25 to 0.32 in FY26. This improvement occurred alongside a drop in total energy consumption from 3,23,856.48 GJ to 2,34,171.75 GJ. The divergence between falling energy use and rising turnover suggests improved operational efficiency or a shift in production mix.

Workforce and Safety

The group employed 1,519 permanent employees and 6,280 workers as of year-end. Female representation stood at 3% among employees and 22% among workers. The turnover rate for permanent employees rose to 29% in FY26 from 22% in FY25.

Safety metrics remained strong with zero lost-time injuries and zero fatalities for both employees and workers in FY26. Health insurance covered 100% of permanent employees and workers.

Environmental Metrics

Total Scope 1 emissions increased to 15,339.15 metric tonnes of CO2 equivalent from 6,011.33 in FY25. Scope 2 emissions declined to 36,334.53 from 52,950.85. Water withdrawal dropped significantly to 1,03,834.74 kilolitres from 33,58,083.00 kilolitres in the prior year.

Governance and Targets

The Board oversees sustainability policies across all nine NGRBC principles. The company aims to reduce energy consumption per unit of production by 2% by 2027. It also targets a 2% annual reduction in Scope 1 and 2 emission intensities by 2027.

RINA Classification and Certification India Pvt Ltd provided reasonable assurance for core BRSR disclosures.