Surya India Limited held its 41st Annual General Meeting (AGM) on September 27, 2026, approving key resolutions including material related party transactions and loans to affiliated entities.

The meeting, conducted at the company's registered office in New Delhi, was chaired by Sonu Aggarwal. A total of 23 members attended the proceedings, comprising 12 from the promoter and promoter group and 11 public shareholders. The quorum was duly ascertained before the business commenced.

Resolutions Passed

The members adopted the audited financial statements for the financial year ended March 31, 2026. Mrs. Priyanka Agarwal (DIN: 01989753), who retired by rotation under Section 152(6) of the Companies Act, 2013, was re-appointed as a director.

A significant portion of the agenda focused on related party transactions under Section 188(1)(c) of the Companies Act, 2013. Ordinary resolutions were passed to approve transactions with three Haldiram group entities:

• Haldiram Manufacturing Company Private Limited
• Haldiram Ethnic Foods Private Limited
• Haldiram Marketing Private Limited

Special Business and Loans

Two special resolutions were approved regarding loans granted to related parties under Section 185 of the Companies Act, 2013. These approvals pertain to material related party transactions involving:

1. Loans to Haldiram Snacks Private Limited
2. Loans to Haldiram Marketing Private Limited

The voting process utilized remote e-voting via National Securities Depository Limited (NSDL), which remained open from September 24 to September 26, 2026. Members present who had not voted electronically cast their votes through ballot papers at the venue. Mr. Pradeep Kathuria served as the scrutinizer for the e-voting process.

Meeting Proceedings

The statutory auditor, Mr. Deepak Srivastava of M/s P.R. Kumar & Co., and secretarial auditor Mr. Pradeep Kathuria were present. The Chairman addressed member queries regarding business performance and financials. The meeting concluded at 1:30 pm, with voting results to be declared within two working days of the conclusion.

Surya India Limited board approved significant related party transactions with affiliated Haldiram companies and fixed September 27, 2026, for its 41st Annual General Meeting. The decisions were taken in a meeting on September 2, 2026.

The board also recommended the re-appointment of Mrs. Priyanka Agarwal as Whole-Time Director. She retires by rotation under Section 152(6) of the Companies Act, 2013.

Related Party Transactions

The board approved multiple transactions under Section 188(1)(c) of the Companies Act, 2013, requiring shareholder approval at the AGM. These involve:

• Haldiram Manufacturing Company Private Limited
• Haldiram Ethnic Foods Private Limited
• Haldiram Marketing Private Limited

Additionally, loans under Section 185 were approved for:

• Haldiram Snacks Private Limited
• Haldiram Marketing Private Limited

Property Leasing Approvals

The company seeks approval for leasing properties to three related entities during FY27. The transactions are structured at arm's length and in the ordinary course of business.

Rent will be determined based on a fixed percentage of net sales or an agreed minimum guarantee, whichever is higher.

Loan Approvals

The board recommended special resolutions for granting unsecured loans to two related parties. The interest rate shall not be lower than the prevailing yield of Government Securities closest to the loan tenor.

These loans represent a substantial commitment relative to the company's turnover, highlighting the financial interdependence within the promoter group.

41st AGM Details

The transfer books will remain closed from September 19 to September 26, 2026, for determining eligibility for the meeting. Mr. Pradeep Kathuria was appointed as Scrutinizer for e-voting.

These actions comply with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Navneet Kumar Mishra issued the intimation on September 3, 2026.