Saptak Chem And Business Ltd

Purpose

• Corrigendum to AGM notice and Annual Report for FY2025-26 issued.

Date and timing changes

• AGM moved to 29 August 2026 at 12:30 PM via VC.
• Record date updated to 22 August 2026.
• Remote e-voting window adjusted to 26–28 August 2026.
• Electronic documents available for inspection through 29 August 2026.

Independent director appointments

• Jubin Premji Gada appointed Independent Director for five years starting 29 August 2026.
• Rinku Saini appointed Independent Director for five years starting 29 August 2026.
• NRC recommended appointment; board seeks approval by special resolution.

Other governance changes

• Term start dates corrected for Gada and Saini in Annexure/notes.
• AGM date correction reflected in governance disclosures.

Dematerialisation processing and listing

• Dematerialisation requests for the quarter ended June 30, 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where existing issues are listed.
• Physical certificates were mutilated and cancelled after verification; depository's name substituted as registered owner within 15 days.

Approvals subject to shareholder consent

• Granting loan, investment, and guarantee under Companies Act Section 186
• Entering into transactions under Companies Act Section 185
• Related Party Transactions
• Regularization of Mr. Ayush Vinod Kumar Tated as Executive Director
• Appointment of Mr. Ayush Vinod Kumar Tated as Managing Director from Jan 9, 2026 to Jan 8, 2031
• Regularization of Mr. Ajay Yadav as Non-Executive Non-Independent Director
• Regularization of Mr. Jubin Premji Gada as Non-Executive Independent Director
• Regularization of Ms. Rinku Saini as Non-Executive Independent Director

Governance and voting

• Approval of timeline for e-voting facility
• Approval of draft postal ballot notice for agenda approval
• Appointment of Mrs. Rupal Patel as Scrutinizer for postal ballot

Committee reconstitution

• Audit Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada
• Nomination and Remuneration Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada
• Stakeholders’ Relationship Committee: Mr. Jignesh Keshav Barot (Chairman), Ms. Rinku Saini, Mr. Jubin Premji Gada

Resignation of Independent Director

• Mr. Chirag Nanavati resigned as Independent Director effective 13 March 2026
• Resignation due to pre-occupation in other activities
• No other material reasons for resignation disclosed by Mr. Nanavati
• Vacated positions: Independent Director, Chairman of Audit and Stakeholder Committees, Member of Nomination and Remuneration Committee
• Mr. Nanavati holds Independent Directorships at Novyra Pharmachem and Devrup Trading Limited
• Resignation accepted by the Board on 13 March 2026
• No regulatory or shareholder approval mentioned as required for resignation
• Board and committee memberships affected include Audit, Stakeholder Relationship, and Nomination and Remuneration Committees

Board Governance 📍

• Independent Directors reviewed performance of non-independent directors and entire board for FY 2025-26.
• Chairperson's performance was assessed, including feedback from executive and non-executive directors.
• Quality, quantity, and timeliness of information flow between management and board were evaluated.

🗓️ Meeting Details

• Board meeting scheduled for March 17, 2026, at the company's registered office.

📍 Governance and Approvals

• Approve loan, investment, and guarantee under Section 186, subject to shareholder approval.
• Approve transactions under Section 185, subject to shareholder approval.
• Approve related party transactions, subject to shareholder approval.
• Approve draft notice of postal ballot and appoint scrutinizer.

👥 Director Appointments

• Regularize appointment of Mr. Ayush Vinod Kumar Tated as Executive Director, subject to shareholder approval.
• Appoint Mr. Ayush Vinod Kumar Tated as Managing Director from January 9, 2026, to January 8, 2031, subject to shareholder approval.
• Regularize appointment of Mr. Ajay Yadav as Non-Executive Non-Independent Director, subject to shareholder approval.
• Regularize appointment of Mr. Jubin Premji Gada as Non-Executive Independent Director, subject to shareholder approval.
• Regularize appointment of Ms. Rinku Saini as Non-Executive Independent Director, subject to shareholder approval.