Resgen Limited held its 8th Annual General Meeting on September 30, 2026, via video conferencing. Shareholders unanimously approved all resolutions, including the adoption of audited financial statements for FY26 and the reappointment of a key board member.

The proceedings commenced at 12:00 pm and concluded at 12:11 pm. Karan Bora, Managing Director, chaired the session and welcomed members, board directors, and invitees. The meeting was conducted in compliance with Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Compliance and Audit Status

Tanushi Goyal, Company Secretary, provided statutory instructions to members regarding participation. She confirmed that all statutory registers maintained under the Companies Act, 2013 were available for electronic inspection. Notably, both the Statutory Audit Report and the Secretarial Audit Report contained no adverse observations or disqualifications.

The presence of representatives from M/s. Jay Gupta & Associates, Chartered Accountants (Statutory Auditors), and Mr. Sanam Umbargikar of M/s. DSM & Associates, Company Secretaries (Secretarial Auditors), was acknowledged. Sanam Umbargikar was appointed as the scrutinizer for the e-voting process.

Resolutions Passed

The shareholders transacted ordinary business items during the meeting. No requests for speaker slots were received from shareholders prior to the commencement of the session. The Managing Director briefed shareholders on the company's working before inviting questions. The meeting was formally concluded after the resolutions were passed.

Voting Results Analysis

The Scrutinizer's Report confirmed that both ordinary resolutions were passed with the requisite majority. A total of 1,37,99,025 votes were polled across both items, with 100% cast in favour and zero dissenting votes.

Voting participation was driven primarily by the promoter group, which held 1,37,09,025 shares and voted entirely in favour. Public non-institutional shareholders held 9,00,000 shares and also voted unanimously in favour. No institutional investors participated in the voting process.

The data indicates a high concentration of voting power with the promoters, who accounted for approximately 99.35% of the total votes cast. The absence of institutional voting suggests limited institutional engagement with the company's governance matters during this period.

Resgen Limited reported a 9.1% rise in revenue from operations to ₹7,107.84 lakh and a 10% increase in profit after tax to ₹877.05 lakh for FY26. The company is now debt-free, having fully repaid its long-term bank borrowings.

The Board of Directors approved the Secretarial Audit Report and the Directors' Report for the financial year ended March 31, 2026, during a meeting on September 8, 2026. The company notified the Bombay Stock Exchange Limited of these outcomes pursuant to Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance and Balance Sheet Strength

Total income grew by 11.6% year-on-year to ₹7,271.98 lakh, driven by operational growth and a significant increase in other income from ₹0.14 lakh in FY25 to ₹164.15 lakh in FY26. Profit before tax rose 9.2% to ₹1,216.19 lakh. Basic and diluted earnings per share improved to ₹4.18 from ₹3.80 in the previous year.

A key development for FY26 was the substantial de-leveraging of the balance sheet. The company fully repaid its long-term bank borrowings, reducing the debt-equity ratio from 0.23 to 0.11. Shareholders' funds grew by 15.2% to ₹6,636.03 lakh. Consequently, the current ratio improved sharply from 4.61 to 7.18.

Strategic Expansion and Associate Investment

During the year, Resgen acquired 34,995 equity shares in Harekrishna Rubber Industries Private Limited for ₹374.94 lakh. This marks the company's first step into an associate relationship within the broader recycling and materials-recovery value chain. The investment is classified as an associate with significant influence. In consolidated terms, the share of profit from this associate contributed ₹142.70 lakh, lifting consolidated PAT to ₹1,019.75 lakh.

The Managing Director highlighted that the pyrolysis oil industry continues to attract strong global interest, aided by tightening plastic-waste regulations and India's diesel co-processing guidelines. The company plans to deepen capacity utilization at its Vikramgad facility and scale its processed-scrap trading business.

AGM Agenda and Director Re-appointment

Shareholders will consider two ordinary businesses at the meeting. First, they will adopt the Audited Standalone and Consolidated Financial Statements for FY26 along with the reports of the Board of Directors and Auditors.

Second, shareholders will vote on the re-appointment of Mr. Abhijeet Oza (DIN: 06584315), who retires by rotation. Mr. Oza has served on the board since incorporation on September 29, 2018. He holds an MBA in Finance and possesses over a decade of experience in sales and marketing. His proposed remuneration remains unchanged at ₹7,00,000. He attended six board meetings during FY26 and holds no shares in the company.

Meeting Logistics and Voting

The 8th AGM will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). The meeting is scheduled to begin at 12:00 noon on September 30, 2026. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, inclusive, to determine voting eligibility.

National Securities Depository Limited (NSDL) will provide the remote e-voting facility. M/s. DSM & Associates has been appointed as the scrutinizer for both remote e-voting and voting during the AGM.

The Annual Report for FY26, containing the AGM notice, is available on the company’s website and will be sent to shareholders via email. Karan Atul Bora, Managing Director, signed the intimation on September 8, 2026.