Sreechem Resins Limited held its 38th Annual General Meeting on September 25, 2026, adopting financial statements and approving multiple related party transactions.

The meeting took place at the company's registered office in Rajgangpur, Odisha. It commenced at 10:00 am and concluded at 10:20 am. Binod Sharma served as the Chairman of the meeting, having been proposed by Vikram Kabra, Whole Time Director. A quorum was present with 36 members attending physically or via proxy.

Key resolutions passed

Shareholders approved the adoption of the financial statements for the relevant period. Additionally, Vibhor Sharma (DIN: 03011540) was re-appointed as a director retiring by rotation.

The meeting also granted approval for related party transactions with five specific entities:

• Josh Commercial Private Limited
• BSN Investments Private Limited
• Steel Aids Private Limited
• Sai Ram Steels Private Limited
• IQSOLV Innovate Private Limited

Voting and attendance details

Remote e-voting facilities were provided to eligible members from September 22, 2026, to September 24, 2026. Out of the 36 members present at the physical meeting, 22 had already cast their votes through the remote e-voting facility. No members exercised voting rights through the ballot process during the meeting.

The Chairman stated that the results of the voting process would be announced within two working days from the conclusion of the meeting. The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sreechem Resins will hold its 38th Annual General Meeting on September 25, 2026, to approve related party transactions worth ₹90 crore. The company has proposed no dividend for FY26.

The meeting agenda includes the re-appointment of Whole Time Director Mr. Vibhor Sharma and the adoption of audited financial statements for the financial year ended March 31, 2026. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026, for this purpose.

Related Party Transaction Approvals

The special business focuses on renewing commercial arrangements with five related entities. These transactions require shareholder consent under Section 188 of the Companies Act, 2013, as their aggregate values exceed 10% of the company's turnover.

The Board noted that these arrangements are necessary for the procurement of raw materials and the sale of finished goods. All proposed transactions have received prior approval from the Audit Committee.

Director Re-appointment

Mr. Vibhor Sharma, who retires by rotation, has offered himself for re-appointment. He holds an MBA in Finance and Marketing and a B.E. in Electronics and Communications. His remuneration was revised from ₹48 lakh per annum to ₹18 lakh per annum effective February 1, 2026.

Mr. Sharma holds directorships in several other entities, including Iqsolv Innovate Private Limited and Sai Ram Steel Private Limited, which are parties to the proposed related party transactions. He holds 1,01,300 equity shares in Sreechem Resins.

What the Numbers Show

The scale of the proposed related party transactions highlights significant supply chain concentration. The combined maximum value of ₹90.25 crore represents substantial exposure to entities linked to the company's managing director and whole-time director. This structure suggests that Sreechem Resins relies heavily on affiliated private limited companies for both critical raw material inputs, such as carbonaceous additives and anthracite coal, and specialized product distribution.

Voting Details

Remote e-voting will be open from September 22, 2026, to September 24, 2026. The record date for determining voting eligibility is September 18, 2026. Shareholders holding securities in demat mode can vote through their depository participants or via the NSDL e-voting system.