Shree Hari Chemicals Export has scheduled its 39th Annual General Meeting for September 24, 2026, at 12:30 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, focusing on a ₹40.24 crore preferential warrant issue and significant related-party transaction approvals.

The company notified the BSE on September 2, 2026, regarding the submission of the Annual Report for FY25-26 along with the AGM notice. This filing was signed by Chairman & Managing Director Bankesh Chandra Agrawal. Shareholders can access the notice and the Annual Report via the company website and the BSE portal. Those without registered email addresses will receive a letter with a web-link to these documents.

E-Voting and Attendance

The company has engaged National Securities Depository Limited (NSDL) to provide e-voting facilities. Shareholders holding equity shares as on the cut-off date specified in the notice are eligible to vote. The facility for joining the AGM via VC/OAVM will remain open for at least 30 minutes before the scheduled start time and will not close until 30 minutes after the scheduled end time.

Shareholders who have not registered their email addresses are requested to do so by August 28, 2026. Physical mode shareholders must provide folio numbers, share certificate copies, PAN, and Aadhar cards to MUFG Intime India Pvt Ltd or the company. Demat holders must provide DPID/CLID details along with KYC documents.

Recent Board Approvals

Prior to the AGM, the board approved a preferential issue of 22,85,000 convertible warrants aggregating to ₹40.24 crore on August 25, 2026. The warrants are allotted to four promoter entities: Shri Nihit Agarwal, Smt Priyamvada Agarwal, Smt Avanticka Agarwal, and Smt Smradhi Agarwal.

Each warrant is convertible into one equity share of face value ₹10 at a premium of ₹166.10 per share. Investors must pay 25% of the issue price at subscription, with the remaining 75% due before exercise. Conversion must occur within 18 months from allotment.

Promoter Shareholding Impact

The table below details the proposed allotment and resulting post-conversion shareholding pattern.

Director Appointments and Remuneration

The board reappointed Shri Bankesh Chandra Agrawal as Chairman & Managing Director for three years effective November 11, 2026. Shri Sarthak Agarwal and Shri Nihit Agarwal were reappointed as Whole Time Directors for three years from the same date.

Mr. Shri Ram Gupta was reappointed as Independent Director for a second five-year term effective September 29, 2026. Shri Amrut Urkude was appointed as an Additional Independent Director for five years effective August 25, 2026.

Additionally, the AGM agenda includes the re-appointment of Shri Sanjay Kedia as Whole Time Director & CFO and Shri Vikas Agarwal as a director retiring by rotation. The board also seeks approval for a revision in the remuneration of Shri Sanjay Kedia, effective October 1, 2026.

Related Party Transactions and Strategic Approvals

The board approved alterations to the Object Clause in the Memorandum of Association to include businesses related to heavy machinery, infrastructure projects, and investments. The company also plans to expand its dye and dye intermediates units and invest in its wholly-owned subsidiary, Shakambhari Dyechem Private Limited.

A key agenda item involves the approval of material related-party transactions with Shubhalakshmi Polyesters Limited and Shubhlaxmi Dyetex Private Limited. The aggregate value of these transactions is capped at ₹50 crore each, totaling ₹100 crore. These transactions represent approximately 27.10% of the company's annual consolidated turnover for the preceding financial year.

Furthermore, shareholders will vote on increasing borrowing limits to ₹200 crore and creating charges on movable and immovable properties up to the same limit. The board also seeks approval for loans, guarantees, and investments up to ₹200 crore under Section 186 of the Companies Act, 2013.

The board of Shree Hari Chemicals Export Limited approved alterations to its Memorandum of Association on August 25, 2026. The move expands the company’s permitted business activities into heavy machinery, infrastructure development, and general investments.

The proposal requires final approval from shareholders. The Board of Directors met on Tuesday, August 25, 2026, commencing at 12:15 pm and concluding at 6:00 pm. The decision was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Business Verticals

The alterations introduce three new sub-clauses under Clause III (A) - Main Objects Clause of the Memorandum of Association. These additions significantly broaden the scope of operations beyond the company’s existing chemical export focus.

Machinery and Equipment

Sub-clause (9) permits the company to deal in cranes, lifting equipment, material handling equipment, and heavy machinery. This includes construction, agricultural, earthmoving, and industrial machinery, as well as defence vehicles and utility vehicles.

The scope covers manufacturing, trading, importing, exporting, and leasing these items. Additionally, the company can undertake equipment management, refurbishment, modernization, retrofitting, repair, maintenance, servicing, overhauling, inspection, testing, installation, commissioning, and dismantling. It may also act as manufacturers’ representatives, dealers, distributors, stockists, commission agents, consultants, service providers, importers, exporters, contractors, and traders for these products and allied spare parts.

Infrastructure Development

Sub-clause (11) enables the company to plan, design, develop, construct, engineer, execute, operate, maintain, manage, improve, renovate, and provide infrastructure projects. This includes roads, highways, bridges, flyovers, tunnels, railways, metro systems, airports, ports, harbours, waterways, logistics parks, industrial parks, urban infrastructure, townships, commercial and residential infrastructure, water supply and treatment systems, sewage and drainage systems, waste management facilities, power and renewable energy infrastructure, transmission and distribution systems, and telecommunications infrastructure.

The company can undertake Engineering, Procurement and Construction (EPC), turnkey, design-build, operation and maintenance, project management, consultancy, and infrastructure development contracts. It may participate in public-private partnership, concession, Build-Operate-Transfer (BOT), Build-Own-Operate-Transfer (BOOT), Design-Build-Finance-Operate-Transfer (DBFOT), and similar arrangements. The clause also allows acquiring, purchasing, leasing, developing, constructing, operating, maintaining, managing, transferring, or dealing in infrastructure assets.

Investments

Sub-clause (10) allows the company to carry on the business of investment, acquisition, and dealing in land, shares, stocks, debenture stocks, bonds, derivatives, obligations, and securities. These securities may be issued or guaranteed by any company constituted or carrying on business in India or elsewhere. It also includes debentures, debenture stocks, bonds, obligations, and securities issued or guaranteed by any Government, State, dominion, sovereign, ruler, commissioners, public body or authority, supreme municipal local or otherwise, whether in India or abroad.