Advik Laboratories has scheduled its Annual General Meeting for September 29, 2026. Key items include the re-appointment of its statutory auditor, the appointment of a new Independent Director, and shareholder approval for related party transactions capped at Rs 10.80 crore.
Advik Laboratories Sets Date for 32nd AGM
Advik Laboratories will hold its Annual General Meeting on September 29, 2026, at 9:30 A.M. in Sohna, Haryana, with remote e-voting enabled from September 26 to September 28.
Reader Takeaway: Shareholders to vote on governance appointments and financial limits for related party deals and inter-corporate loans.
What just happened
The company has released its notice for the upcoming AGM, outlining key governance and financial authorizations. The board has proposed the re-appointment of M/s Nemani Garg Agarwal & Co. as statutory auditors for a five-year term with an annual remuneration of Rs 85,000. Additionally, Ms. Anchal Goyal is proposed for appointment as an Independent Director for a five-year tenure, while Mr. Ram Niwas Sharma is standing for re-appointment as a retiring director.
Corporate Action and RPT Approvals
The agenda includes a proposal for shareholders to authorize related party transactions up to a value of Rs 10.80 crore annually until the 2027 AGM. Furthermore, the board is seeking approval under Section 185 to grant loans, guarantees, or securities to interested parties up to a total limit of Rs 25 crore.
Voting Process
The remote e-voting process will be facilitated by NSDL under the electronic voting event number (EVEN) 142314. Mr. Kundan Agrawal has been appointed as the Scrutinizer to oversee the process, with the cut-off date for eligibility set for September 22, 2026.
What to track next
Investors should monitor the outcome of the special resolutions regarding the Section 185 authorizations and the total value of related party transactions, as these decisions will dictate the company's financial flexibility for the coming year.