Agarwal Fortune India Ltd

AGM Details

• 34th AGM held on 29 September 2026 via Video Conferencing (VC).
• FY 2025-26 covered; AGM conducted via VC.
• Voting results and Scrutinizer’s Report are attached as Annexures A and B.

AGM Details

• Date, time, mode: 29 Sep 2026 at 03:30 PM IST, via Video Conferencing.
• Meeting concluded at 03:58 PM IST.
• Record date for voting: 22 Sep 2026.
• Remote e-voting: 26–28 Sep 2026.

Resolutions Passed

• Adopt audited standalone financial statements for FY 2025-26.
• Appoint Mahesh Kumar Agarwal as Director by rotation, eligible for re-appointment.
• Appoint statutory auditor for FY 2026-27 and fix remuneration.
• Approve related party transactions for FY 2026-27 under section 188.
• Re-appoint Mahesh Kumar Agarwal as Managing Director.

Voting Results

• All five resolutions passed in remote e-voting and AGM.

Director Changes

• Director Mahesh Kumar Agarwal retires by rotation and seeks re-appointment.
• Mahesh Kumar Agarwal re-appointed as Managing Director.

Auditor Appointments

• Statutory auditor appointed for FY 2026-27; remuneration to be fixed.

Related Party Transactions

• Approval of related party transactions for FY 2026-27 under Section 188.

Agarwal Fortune India Limited — Trading Window closure from 1st October, 2026 till 48 hours after dissemination of Un Audited Financial Results for quarter and half year ended 30th September, 2026

AGM & Notice

• 34th AGM on 29 September 2026 via VC/OAVM.
• Remote e-voting from 26–28 Sept 2026; cut-off 22 Sept 2026.
• Notice and Annual Report circulated electronically.
• Access to AGM materials through NSDL portals; EVEN 141091.
• Proxy facility not available under MCA circular.

Financial snapshot

• Revenue from operations ₹562.43 Lakhs in FY2025-26.
• Total income ₹563.13 Lakhs; growth from ₹448.45 Lakhs.
• Profit after tax ₹6.22 Lakhs; prior year ₹19.49.
• Earnings per share ₹0.18 (basic).
• Dividend declared: none for FY2025-26.
• Cash flow from operations: -₹40.38 Lakhs.
• Cash and cash equivalents ₹10.35 Lakhs at year-end.

Capital structure & ownership

• Authorized share capital ₹8.75 Crores; increased from ₹3.75 Crores.
• Paid-up capital ₹3.4354 Crores; 34,35,400 shares.
• Promoter Mahesh Kumar Agarwal 49.32% (16,94,357 shares).
• Public shareholding 50.68%; 2,245 shareholders.
• No subsidiary; no material subsidiary.

Debt & liquidity

• Gross debt ₹203.49 Lakhs; current ₹178.20; non-current ₹25.29.
• Net debt ₹193.14; debt/equity 2.68; total equity ₹72.10.
• Current ratio 0.81; cash ₹10.35 Lakhs.
• Directors' loan ₹9.41 Lakhs outstanding.

Related party transactions

• FY2026 related party transactions ₹120.97 Lakhs.
• ATGIL, AFGIL and Hardik Glasses among related parties.
• RPTs reviewed by Audit Committee; arm's length and board-approved.

Audits & governance

• Statutory Auditor: M/s Jethani & Associates; ₹0.75 Lakh remuneration.
• Secretarial audit: M/s SKMG & Co; report attached.
• Internal auditor: M/s ASAR & Associates.
• CFO changes: Monika Shekhawat appointed 31/03/2025; Aryan Khunteta 08/09/2025.

Board, committees & policies

• Board: 5 directors; 1 MD; 4 non-exec; 3 independent.
• Committees: Audit, Nomination & Remuneration, Stakeholders Relationship.
• Nomination & Remuneration Policy; independent director familiarisation.
• Executives' remuneration disclosed; no fixed director remuneration here.

MD&A, risks & CSR

• Single segment: glass trading; no separate segment reporting.
• Outlook: glass opportunities, infra-led demand growth.
• Risks: market, competition, regulatory changes; energy considerations.
• CSR not applicable; green initiative via electronic communications.

Internal controls & disclosures

• Internal controls are robust and adequate.
• Secretarial and internal control findings: no material weaknesses reported.
• Auditors note cash losses in FY2025-26; no qualification on going concern.

Financials

• Unaudited standalone Q1 FY27 results approved by Board.
• Revenue from operations: ₹39.10 lakh; total income: ₹39.10 lakh.
• PBT before tax: ₹3.01 lakh; tax: nil; PAT: ₹3.01 lakh.
• EPS (Basic/Diluted): ₹0.09 for Q1.
• QoQ: total income declined to ₹39.10 lakh from ₹42.72 lakh.
• Limited Review Report with unmodified opinion.

Corporate actions

• Statutory Auditor reappointment: M/s Jethani & Associates; Internal Auditor: M/s ASAR & Associates.
• MD reappointment for five years, 22 Jul 2027 to 21 Jul 2032, subject to AGM.
• Related Party Transactions ceiling for FY27 approved.
• Trading window closure till 14 Aug 2026.

Business profile

• Company engages in trading of glasses and allied activities.

Meeting Details

• Date: 12 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 to August 14, 2026.

Dematerialisation/Rematerialisation status

• Securities received for dematerialisation were processed and listed on exchanges.
• Securities dematerialised have been listed on the exchanges where earlier issues are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register within 15 days.