Pact Industries Ltd

AGM Details

• Date and time: 30 September 2026 at 11:00 AM.
• Venue: 303, Hotel The Taksonz, Opp. Railway Station, Ludhiana-141008.
• Mode: physical AGM with remote e-voting and ballot voting.
• Quorum present; meeting concluded at 11:30 AM.
• Remote e-voting window: 27 Sept 2026, 9:00 AM to 29 Sept 2026, 5:00 PM.
• Scrutinizer appointed: M/s PDM & Associates (Pooja D. Miglani).
• Consolidated voting results to be submitted to BSE/CDSL.

Ordinary Business

• Resolution to adopt Audited Financial Statements for FY ended 31 Mar 2026.
• Director re-appointment by rotation: Harpreet Singh (DIN 00570541).

Special Business

• Appointment of Koul Vijh Associates as Statutory Auditors to fill casual vacancy.
• Appoint Koul Vijh Associates as Statutory Auditors.
• Approval for Related Party Transactions.
• Re-appointment of Harpreet Singh as Managing Director.
• Approve borrowing limits under Section 180(1)(c).
• Approval under Section 180(1)(a) for creation of mortgage/charge.

Voting Status

• Voting results not disclosed in the excerpt; scrutinizers' report forthcoming.

Pact Industries Limited trading window closes from 1 October 2026 till the end of 48 hours after unaudited financial results for the quarter and half year ended 30 September 2026 are communicated to the Stock Exchanges

Financial performance

• Revenue from operations and other income: Rs 13.37 lakh in FY2025-26, down from Rs 166.85 lakh.
• Net loss for the year: Rs 63.98 lakh; prior year Rs 502.39 lakh.
• Loss before tax: Rs 67.32 lakh; prior year Rs 495.66 lakh.
• EPS (basic/diluted): Rs 0.12 for FY2025-26.
• Dividend declared: Nil for FY2025-26.
• Equity share capital: Rs 5.54 crore; net worth negative.

Debt, liquidity and capital structure

• Total borrowings (short-term): Rs 10,76,50,739.29 as at 31-03-2026.
• Bank NPAs: SBI credit facility declared NPA; recovery notices issued.
• Cash and cash equivalents: Rs 9,21,284.60.
• Dividend policy: not applicable; no dividend declared.
• No long-term borrowings reported.

Governance and board changes

• Harpreet Singh reappointed as Managing Director for five years from 7-Sep-2026.
• Sanjeev Raj & Associates resigned as statutory auditors w.e.f. 7-Sep-2026.
• M/s Koul Vijh Associates appointed as statutory auditors from 8-Sep-2026; term to 2031.
• Board meetings held: 9; Audit Committee: 4 meetings; Stakeholders 2; Nomination 0.
• Secretarial auditors: PDM & Associates; MR-3; no reservations.
• Auditor's report notes going concern uncertainty; not a qualified opinion.

Related party disclosures

• Related parties include Kartarz Alloys Pvt Ltd, Preet Builders Pvt Ltd, Taksonz entities.
• FY2026-27 related-party transactions include Rs 2 Cr sale/purchase with Kartarz Alloys.
• Rent paid to Taksonz Developers Rs 0.05 Cr in FY2026-27.
• KMP remuneration for 2025-26: Rs 1.50 lakh; median employee Rs 1.50 lakh.
• No material related party transactions outside ordinary course; arm's length.

Operational context and outlook

• Company operates in textile processing; revenue drop tied to lower capacity utilization.
• Outlook: focus on cost rationalization and product diversification.
• Industry headwinds include raw material volatility and energy costs.
• Management aims to improve working capital and cash flow.

Audit, internal controls and compliance

• Independent auditor notes going concern uncertainty; not a qualified opinion.
• Internal financial controls are adequate and operating effectively.
• Secretarial audit reports no reservations; MR-3 accepted.
• Vigil mechanism exists; no whistleblower concerns in year.

Other disclosures and governance

• Green initiative: e-delivery of notices and annual reports.
• Management commentary on risk management policy and compliance framework.
• No CSR obligations for the year; policy to be adopted when applicable.

AGM Details

• 33rd AGM on Wednesday, 30 September 2026 at 11:00 AM, physical mode.
• Book closure 24-30 September 2026 (inclusive).
• Cut-off for e-voting: 23 September 2026.
• Remote e-voting 27-29 September 2026.

Ordinary Business

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Re-appointment of Harpreet Singh as director liable to retire by rotation.

Special Business

• Appointment of M/s Koul Vijh Associates as Statutory Auditors to fill casual vacancy from 8 September 2026.
• Appointment of M/s Koul Vijh Associates as Statutory Auditors from AGM 33rd to 38th AGM (2031).
• Remuneration to be approved.
• Approval for Related Party Transactions with specified related parties; board to determine quantum.
• Re-appointment of Harpreet Singh as Managing Director for five years from 7 September 2026.
• Borrowing powers: up to Rs 15 crores; to secure borrowings via mortgage/charge on assets.

Director Changes

• Re-appointment of Harpreet Singh as Director by rotation.
• MD Harpreet Singh to continue as Managing Director for five-year term from 7 September 2026.

Auditors

• Outgoing Statutory Auditor Sanjeev Raj & Associates resigned effective 7 September 2026.
• Proposed new Statutory Auditor: M/s Koul Vijh Associates; appointment to fill casual vacancy from 8 September 2026.
• Proposed fee: Rs 50,000 plus taxes for 2026-2031.

Material Related Party Transactions

• Kartarz Alloys Private Limited: sale/purchase transactions of Rs 2.00 crores for FY2026-27.
• Preet Builders Pvt Ltd & Preet Steel: sale/purchase transactions of Rs 2.00 crores.
• Taksonz Developers & Infrastructure Limited: Rent paid Rs 0.05 crores.

Dividend

• No dividend proposal or declaration mentioned in the notice.

Auditors

• Sanjeev Raj & Associates resigned as statutory auditors; resignation accepted.
• Koul Vijh Associates appointed to fill casual vacancy; term until the 33rd AGM.
• At the 33rd AGM, Koul Vijh Associates to be appointed for five years.

MD Appointment

• Harpreet Singh re-appointed as MD for five years from Sept 7, 2026, subject to AGM approval.

AGM Details

• 33rd AGM scheduled for Sept 30, 2026 at 11:00 AM.
• Cut-off date fixed at Sept 23, 2026 for voting eligibility.

Voting & Scrutinizer

• M/s PDM & Associates appointed Scrutinizer for AGM e-voting.
• Members to approve Koul Vijh Associates' appointment as statutory auditors at the 33rd AGM.

Financial results

• Approved unaudited quarterly results for quarter ended 30 June 2026, with limited review by Sanjeev Raj & Associates.

Meeting Details

• Date: 14 August 2026; Venue: Registered office, 303, Hotel The Taksonz, Opp. Railway Station, Ludhiana, Punjab.

Key Agenda Items

• To consider and approve unaudited financial results for the financial year ended June 30, 2026.

Other Notes

• Trading window closed from July 01, 2026 till 48 hours after the declaration of unaudited financial results.

PACT INDUSTRIES LIMITED: Trading window to remain closed from 1 July 2026 until 48 hours after unaudited financial results for quarter ended 30 June 2026 are communicated to the stock exchanges