Shree Hari Chemicals Export held its 39th Annual General Meeting on September 24, 2026, via video conferencing, with all 16 resolutions passed by requisite majority through remote e-voting.

The AGM commenced at 12:30 pm and concluded at 12:51 pm. Remote e-voting was open from September 21, 2026 at 9:00 am to September 23, 2026 at 5:00 pm, with the e-voting facility also extended to members attending the meeting through video conferencing who had not cast their votes earlier. The record date for voting eligibility was September 17, 2026, with a total of 3,737 shareholders on record. The scrutinizer for the e-voting process was Mohammad Pillikandlu of Parikh Parekh & Associates.

Resolutions passed at the AGM

The 16 resolutions covered a range of ordinary and special business items. The table below summarises each resolution and its type.

Voting results summary

For resolutions 1 through 10 and 12 through 16, a total of 3,796,182 votes were polled out of 6,312,880 shares, representing 60.1339% of outstanding shares. Of these, 3,794,152 votes (99.9465%) were cast in favour and 2,030 votes (0.0535%) were cast against. No invalid votes were recorded for any resolution.

Resolution 11, concerning material related party transactions, was voted on exclusively by public non-institutional shareholders, as the promoter and promoter group were identified as interested parties and were accordingly excluded from voting. A total of 31,386 votes were polled for this resolution, of which 29,356 votes (93.5321%) were in favour and 2,030 votes (6.4679%) were against.

The following table provides the consolidated voting data applicable to resolutions 1 through 10 and 12 through 16.

Board and governance changes

Among the key governance outcomes, the AGM approved the re-appointment of Shri Bankesh Chandra Agrawal as Chairman and Managing Director along with payment of remuneration, and the re-appointments of Shri Sarthak Agarwal and Shri Nihit Agarwal as Whole Time Directors with remuneration. A revision in remuneration for Shri Sanjay Kedia, serving as Whole Time Director and CFO, was also approved. Shri Amrut Urkude was appointed as a new independent director, while Shri Ram Gupta was re-appointed as independent director.

The AGM also approved the alteration of the object clause of the Memorandum of Association and the issue of convertible warrants on a preferential issue basis, alongside authorisations for increased borrowing limits and creation of charges on company properties under the Companies Act, 2013. The consolidated scrutinizer's report was issued by Mohammad Pillikandlu of Parikh Parekh & Associates on September 24, 2026.

Shree Hari Chemicals Export Limited approved the re-appointment of Bankesh Chandra Agrawal as Chairman and Managing Director for a three-year term during its Annual General Meeting held on September 24, 2026. The company also ratified the appointments of two Whole Time Directors and introduced Amrut Urkude as a new Independent Director.

The board resolution confirmed Agrawal’s continuation in his leadership role effective November 11, 2026. Additionally, Sarthak Agarwal and Nihit Agarwal were re-appointed as Whole Time Directors for similar three-year terms starting from the same date. These decisions underscore continuity in the company’s operational management structure.

Governance Changes and New Appointments

In a move to strengthen board oversight, Shri Ram Gupta was re-appointed as an Independent Director for a second five-year term effective September 29, 2026. Separately, Amrut Urkude joined the board as an Independent Director for a five-year tenure commencing August 25, 2026. Urkude brings over 30 years of experience in corporate governance and technology oversight.

The following table outlines the specific roles, terms, and effective dates for the directors involved in these resolutions:

Director Profiles and Relationships

Bankesh Chandra Agrawal, aged 74, holds a Bachelor of Commerce and is a qualified Cost and Management Accountant with 49 years of experience in the yarn and chemical industry. Sarthak Agarwal, 34, and Nihit Agarwal, 32, bring 13 and 10 years of experience respectively in the textile and chemical business.

Shri Ram Gupta, 70, is a Chartered Accountant with 44 years of experience in finance and taxation. Amrut Urkude, 54, holds a doctorate in management studies and has extensive experience in large manufacturing environments. The disclosure notes that Agrawal, Sarthak Agarwal, Nihit Agarwal, and Vikas Agarwal are related to each other, while Gupta and Urkude have no relationships with the promoters or other directors.