Valley Magnesite Company Ltd Valley Magnesite Company concluded its 38th Annual General Meeting on September 21, 2026. The meeting took place at the company's registered office in Kolkata.

Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026. They also reappointed Mr. Gaurang Agarwalla as a director following his retirement by rotation.

Meeting Proceedings

The meeting commenced at 3:00 pm with the confirmation of quorum by Chairman Anuj Modi. Sixteen members were present in person. The Board included Managing Director Arun Kumar Agarwalla and Independent Director Mohit Gaddhyan.

Statutory Auditor A.K. Meharia & Associates and Secretarial Auditor Anand Khandelia were present. The Chairman provided an overview of the financial performance for FY26 and discussed business strategies. Members raised queries regarding future business plans, which were addressed during the session.

Voting Process

E-voting was conducted through Central Depository Services Limited from September 17 to September 20, 2026. Members unable to vote electronically cast physical ballots during the meeting. Scrutinizer Anand Khandelia supervised the process.

Results will be declared based on the consolidated scrutinizer's report. The outcomes will be displayed on the company website and forwarded to stock exchanges.

Director Reappointment

Mr. Gaurang Agarwalla, who holds a B.B.A. in finance, offers over eight years of experience in investment and finance. He currently serves as a director in Ganodaya Finlease Limited. He does not hold any shares in Valley Magnesite Company Ltd.

Valley Magnesite Company will convene its 38th Annual General Meeting on September 21, 2026. The meeting is scheduled for 3:00 pm at the company’s registered office in Kolkata.

The Board has dispatched the notice of the meeting along with the Annual Report for FY26 to all members on August 26, 2026. The notice outlines both ordinary and special business items to be transacted during the session.

Key Dates and Procedures

Shareholders holding shares in physical or dematerialized form as of the record date, September 14, 2026, are eligible to vote. The company has enabled electronic voting through Central Depository Services Ltd (CDSL) for this meeting.

Members may also appoint a proxy to attend and vote on their behalf. Proxies must be duly completed, stamped if applicable, and signed. They must be deposited at the registered office at least 48 hours before the scheduled start time of the AGM.

Regulatory Compliance

The company published the notice and intimation regarding the cut-off date, book closure period, and e-voting procedures in newspapers on August 27, 2026. The publications included Financial Express, Arthik Lipi, and Jan Satta. This disclosure was made pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.