Vellora Impact Limited concluded its 35th Annual General Meeting on September 30, 2026, with shareholders approving the adoption of financial statements for FY26. The meeting also saw the reappointment of Sumit Harjibhai Gol as Managing Director and the ratification of key auditor appointments.

The company, formerly known as Pratiksha Chemicals Limited, convened the physical meeting in Ahmedabad, Gujarat. The proceedings were chaired by Gol, who provided a brief overview of the company's performance and industry trends during the fiscal year ended March 31, 2026. The Board's Report and the notice convening the AGM were taken as read before the resolutions were put to vote.

Key resolutions approved

Shareholders passed several ordinary resolutions covering statutory compliance and governance updates. The adoption of the audited Balance Sheet, Statement of Profit and Loss, and reports of the Board and Auditors for the year ended March 31, 2026, was a primary agenda item. Additionally, M/s Kapil Kumar Agarwal & Associates Chartered Accountants were appointed as Statutory Auditors.

The following table outlines the specific resolutions taken up during the meeting:

Governance and director changes

The meeting addressed the regularization of two directors. Shivrajsinh Haishchandrasinh Chudasama was regularized as an Independent Director, while Priya Nitinkumar Tomar was regularized as a Director. These appointments align with the provisions of the Companies Act, 2013, and SEBI Listing Regulations.

A significant procedural correction was made regarding the company's capital structure. An earlier ordinary resolution passed at an Extraordinary General Meeting on February 20, 2026, concerning the increase in Authorised Share Capital, was rescinded. Subsequently, a new ordinary resolution was passed to approve the increase in Authorised Share Capital and amend Clause V of the Memorandum of Association accordingly.

Voting and compliance details

The voting process was conducted through remote e-voting via the NSDL platform from September 27, 2026, to September 29, 2026. Members present at the physical meeting also had the option to cast votes via ballot papers. A. Shubhangi & Associates served as the Scrutinizer to ensure a fair and transparent voting process. The results were authorized for declaration by Sumit Harjibhai Gol under Regulation 44 of the SEBI Listing Regulations.

Vellora Impact Limited (formerly Pratiksha Chemicals Limited) has scheduled its 35th Annual General Meeting for September 30, 2026, to approve a significant increase in its authorized share capital by ₹70 crore. The Board of Directors approved the revised agenda during a meeting held on September 8, 2026, postponing the original date of September 18 to include these additional resolutions.

The company plans to raise its authorized share capital from ₹7.5 crore to ₹77.5 crore by creating an additional 7 crore equity shares of ₹10 each. This move is intended to facilitate a proposed rights issue and provide sufficient capital for future corporate requirements. The Board previously rescinded a similar resolution passed in February 2026 to align with revised capital needs.

Key Resolutions for Approval

Shareholders will vote on several special business items alongside ordinary business matters:

• Increase in Authorized Capital: Raising limits to ₹77.5 crore to support the proposed rights issue.
• Director Regularization: Appointment of Shivrajsinh Haishchandrasinh Chudasama as an Independent Director and Priya Nitinkumar Tomar as a Director liable to retire by rotation.
• Auditor Appointment: Reappointment of M/s. Kapil Kumar Agarwal & Associates as Statutory Auditors following the resignation of the previous auditors.
• Reappointment of MD: Reappointment of Sumit Harjibhai Gol as Managing Director.

Financial Performance and Transition

The company reported a net profit of ₹499.28 lakh for FY26, a sharp turnaround from a net loss of ₹766.47 lakh in FY25. This improvement was driven primarily by exceptional items totaling ₹735 lakh, largely due to profits on the sale of assets and the reversal of impairment losses. Revenue from operations declined to ₹467.33 lakh from ₹605.90 lakh in the previous year.

Vellora Impact has discontinued its manufacturing operations, which were focused on chemical pigments, and shifted its focus toward information technology services and agricultural trading. The sale of erstwhile manufacturing assets significantly improved the balance sheet, reducing current borrowings from ₹352.19 lakh in FY25 to just ₹3.60 lakh in FY26.

E-Voting Schedule

Remote e-voting will be open from September 27 to September 29, 2026. The cut-off date for determining voting eligibility is September 23, 2026. Shareholders who voted under the previous schedule must cast their votes again, as earlier votes are invalid.

What the Numbers Show

The transition from a loss-making position to profitability in FY26 is not operational but structural. The net profit of ₹499.28 lakh stands in stark contrast to the operating loss before exceptional items of ₹207.76 lakh. This indicates that the core business activities—now pivoting to IT and agri-trading—generated insufficient cash flow to cover costs without the one-time gains from asset disposals. Investors should note that the proposed rights issue aims to fund this new business direction, but the current revenue base remains thin compared to the previous manufacturing era.