Shri Krishna Devcon Ltd held its 32nd Annual General Meeting (AGM) on September 29, 2026, via video conferencing. Shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting commenced at 4:30 pm and concluded at 5:02 pm. Sunil Kumar Jain, Chairman and Managing Director, chaired the proceedings after confirming the requisite quorum. The registered office served as the deemed venue for the virtual meeting.

Resolutions Passed

The shareholders passed several ordinary and special businesses through remote e-voting and e-voting during the meeting. The approved items included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mukesh Kumar Jain as a director retiring by rotation.
• Re-appointment of Sunil Kumar Jain as Managing Director with remuneration.
• Continuation of Naveen Kumar Jain as Executive Director with remuneration.
• Approval of material related party transactions.

Board Composition at AGM

The following directors and key managerial personnel were present during the session:

Procedural Details

In accordance with Regulation 30 of the Listing Regulations, the company disclosed the outcome to BSE Limited. The Chairman briefed members on company performance for FY26 and explained e-voting provisions. Voting results will be declared following the receipt of the Scrutinizer's Report as per Regulation 44 of SEBI (LODR) Regulations, 2015.

Shri Krishna Devcon has scheduled its 32nd Annual General Meeting (AGM) for Tuesday, September 29, 2026. The board approved the reappointment of Sunil Kumar Jain as Managing Director and Naveen Kumar Jain as Executive Director for three-year terms starting November 1, 2026.

The company filed the AGM notice with BSE Limited on September 5, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means at 4:30 pm. The board also sought shareholder approval for material related-party transactions involving unsecured borrowings from promoters and investments in associate firms.

Director Reappointments

Sunil Kumar Jain will serve as Managing Director for a three-year period ending October 31, 2029. He holds a commerce degree and has over 30 years of experience in real estate. His monthly remuneration is set at ₹9 lakh, plus perquisites including house rent allowance, medical reimbursement, and leave encashment.

Naveen Kumar Jain will continue as Executive Director for a similar three-year term. A commerce graduate with over 20 years of experience in real estate and infrastructure, his monthly remuneration is fixed at ₹7 lakh with similar perquisites.

Both appointments are subject to shareholder approval at the AGM. The board approved the remuneration structure during its meeting on September 2, 2026. Additionally, Mr. Mukesh Kumar Jain retires by rotation and offers himself for reappointment as a director.

Related Party Transactions

The AGM agenda includes special resolutions to approve material related-party transactions for FY27 to FY29. The company proposes to avail unsecured borrowings from promoters Sunil Kumar Jain, Naveen Kumar Jain, and Mukesh Kumar Jain.

The funds are intended for working capital and general corporate purposes. The borrowings are repayable on demand with a 15-day notice period and carry no collateral requirements. The company also seeks approval for investments in associate partnership firms—Rose Builttech, Avani Buildcon, Shri Krishna Buildcon, and Maa Shipra Enterprises—up to ₹25 crore per year for each firm.

AGM Schedule and Voting

The register of members will remain closed from September 23, 2026, to September 29, 2026. Shareholders can cast votes through remote e-voting facilitated by Central Depository Services (India) Limited.

CS Balkrishan Pradhan of B. K. Pradhan & Associates has been appointed as the scrutinizer for the voting process. The board also approved the annual report for the year ended March 31, 2026.