Indo Gulf Industries MD, chairman, board of directors and AGM

17,954 shareholders on the register on 21 Aug 2026; present: 1 promoter and 57 others; votes counted by Sameer Kishore Bhatnagar / Sameer Kishore Bhatnagar.The company's voting result (opens in a new tab)

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended on 31st March, 2026, including the Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and the Cash Flow Statement for the financial year ended on that date and the Reports of the Board of Directors and the Auditors thereonMoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · other public 100.00%

2. To appoint a Director in place of Mr. Rajesh Jain, Director, who retires by rotation and being eligible offers himself for re-appointment in this regard to consider and if thought fit, to pass the following resolution as an Ordinary Resolution. "RESOLVED THAT Mr. Rajesh Jain, who retire by rotation in terms of Section 152 of Companies Act, 2013 and being eligible be and is hereby re-appointed as Director of the Company whose office shall be liable to retirement by rotation". FURTHER RESOLVED THAT any director of the Company be and is hereby authorized to do all such acts, things and deeds as may be deemed necessary to give effect to the above stated resolutions."MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

3. Material Related Party Transaction(s) between the Company and M/s Ganesh Explosives Private Limited, Holding Company. To consider and, if thought fit, to pass the following Resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to the provisions of Regulations 2(1)(zc), 23(4), and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), as amended from time to time, Section 2(76) and other applicable provisions of the Companies Act, 2013 ('Act') read with the Rules framed thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force], the Company's Policy on Related Party Transactions, and subject to such other approval(s), consent(s), and/or permission(s) as may be required, and based on the recommendation of the Audit Committee, the consent of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the 'Board', which term shall be deemed to include the Audit Committee or any other Committee constituted/empowered by the Board to exercise its powers conferred by this Resolution) to enter into/continue Material Related Party Transaction(s) / Contract(s) / Arrangement(s) / Agreement(s) (whether by way of individual transactions or a series of transactions), as detailed in the Explanatory Statement annexed hereto, between the Company and Ganesh Explosives Private Limited ('GEPL'), a Holding Company of the Company and accordingly a 'Related Party' of the Company, on such terms and conditions as may be mutually agreed, for an aggregate value not exceeding ?17,00,00,000/- (Rupees Seventeen Crore Only) during the Financial Year 2026-27, provided that such transaction(s) are carried out on an arm's length basis and in the ordinary course of business. RESOLVED FURTHER THAT the Board be and is hereby authorized to do and perform all such acts, deeds, matters, and things as may be necessary, proper, or expedient, including but not limited to finalizing the terms and conditions, executing necessary agreements, contracts, and ancillary documents, seeking statutory/regulatory approvals, settling any questions, difficulties, or doubts that may arise in this regard, and delegating all or any of the powers herein conferred to any Director, Chief Financial Officer, Company Secretary, or any other Authorized Representative of the Company, without requiring further consent from the Members. RESOLVED FURTHER THAT all actions taken by the Board in connection with any matter referred to or contemplated in this Resolution prior to the passing of this Resolution be and are hereby approved, ratified, and confirmed in all respects."MoreLess

   OrdinaryPromoters have an interest in it
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

4. "RESOLVED THAT pursuant to the provisions of Regulations 2(1)(zc), 23(4), and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), as amended from time to time, Section 2(76) and other applicable provisions of the Companies Act, 2013 ('Act') read with the Rules framed thereunder [including any statutory modification(s) or re-enactment(s) thereof for the time being in force], the Company's Policy on Related Party Transactions, and subject to such other approval(s), consent(s), and/or permission(s) as may be required, and based on the recommendation of the Audit Committee, the consent of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the 'Board', which term shall be deemed to include the Audit Committee or any other Committee constituted/empowered by the Board to exercise its powers conferred by this Resolution) to enter into/continue Material Related Party Transaction(s) / Contract(s) / Arrangement(s) / Agreement(s) (whether by way of individual transactions or a series of transactions), as detailed in the Explanatory Statement annexed hereto, between the Company and Rajesh Explosives Private Limited ('REPL'), being an entity under the same management and accordingly a 'Related Party' of the Company, on such terms and conditions as may be mutually agreed, for an aggregate value not exceeding ?2,00,00,000/- (Rupees Two Crore Only) during the Financial Year 2026-27, provided that such transaction(s) are carried out on an arm's length basis and in the ordinary course of business. RESOLVED FURTHER THAT the Board be and is hereby authorized to do and perform all such acts, deeds, matters, and things as may be necessary, proper, or expedient, including but not limited to finalizing the terms and conditions, executing necessary agreements, contracts, and ancillary documents, seeking statutory/regulatory approvals, settling any questions, difficulties, or doubts that may arise in this regard, and delegating all or any of the powers herein conferred to any Director, Chief Financial Officer, Company Secretary, or any other Authorized Representative of the Company, without requiring further consent from the Members. RESOLVED FURTHER THAT all actions taken by the Board in connection with any matter referred to or contemplated in this Resolution prior to the passing of this Resolution be and are hereby approved, ratified, and confirmed in all respects."MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

5. Ratification of remuneration of Cost Auditors: 5. To consider and, if thought fit, to pass with or without modification(s), the following Resolution as an Ordinary Resolution: "RESOLVED THAT pursuant to Section 148 and other applicable provisions, if any, of the Companies Act, 2013 (''Act'') and the Companies (Audit and Auditors) Rules, 2014, as amended from time to time, the Company hereby ratifies the remuneration of ` 60,000 plus GST and out of pocket expenses payable to M/s. M/s. Gautam Chhetri & Co., Cost Accountants, who are appointed by the Board of Directors as Cost Auditors of the Company to conduct cost audits relating to cost records of the Company for the year ending 31st March, 2027. "RESOLVED FURTHER THAT the Board be and is hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution."MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

6. Appointment of Mr. Arjun Singh Bhandari (DIN:11106494) as Director of the Company and redesignated as Managing Director "RESOLVED THAT pursuant to the provisions of Sections 149, 152, 196, 197, 198, 203 and other applicable provisions, if any, of the Companies Act, 2013 ("Act"), read with Schedule V to the Act and the Articles of Association of the Company, and subject to such approvals, consents and permissions as may be required, Mr. Arjun Singh Bhandari (DIN:11106494) who was appointed as an Additional Director of the Company with effect from 17th July, 2026 and who holds office up to the date of this Annual General Meeting in accordance with the provisions of the Act and the Articles of Association of the Company, and in respect of whom the Company has received the requisite consent and declaration to act as Director, be and is hereby appointed as a Director of the Company, liable to retire by rotation, with effect from the date of this Annual General Meeting. RESOLVED FURTHER THAT pursuant to Sections 196, 197, 198, 203 and other applicable provisions, if any, of the Act, read with Schedule V to the Act and the Articles of Association of the Company, and subject to such approvals, consents and permissions as may be required Mr. Arjun Singh Bhandari (DIN:11106494) be and is hereby re-designated as the Managing Director of the Company for a period of [five] years commencing from 30.09.2026 on such terms and conditions, including remuneration, as set out in the explanatory statement annexed to the Notice convening this Annual General Meeting. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to alter, vary or modify the terms and conditions of appointment and remuneration of Mr. Arjun Singh Bhandari within the limits prescribed under the Act and Schedule V thereto, as may be agreed with him/her. RESOLVED FURTHER THAT the Board of Directors and/or Company Secretary of the Company be and are hereby authorised to do all such acts, deeds, matters and things and to file all such forms, returns and documents with the Registrar of Companies and other authorities as may be necessary or expedient to give effect to this resolution."MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 2.08%

   Turnout: all 100.00% · promoters 100.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.