Maxgrow India Ltd

Appointment of Additional Independent Directors

• Ms. Kim Joan appointed as Additional Director (Non-Executive Independent) effective 15 Oct 2026.
• Mr. Rajendra Eknath Pawar appointed as Additional Director (Non-Executive Independent) effective 15 Oct 2026.
• Board approved both appointments on Nomination and Remuneration Committee recommendations, term until General Meeting.
• Annexure outlines Ms. Kim Joan's metals trading experience exceeding 10 years.
• Annexure outlines Mr. Rajendra Eknath Pawar's corporate legal and regulatory experience over 20 years.
• Ms. Kim Joan is not related to any director.
• Mr. Rajendra Eknath Pawar is not related to any director.
• Appointments remain in effect until the General Meeting.

Appointment details

• Sawani Vaibhav Karkamkar appointed Company Secretary (KMP) with 6+ years' experience; ACS A40715, effective 15 Oct 2026.

Appointments/Resignations

• Appointment of Sawani Vaibhav Karkamkar as Company Secretary & Compliance Officer, effective 15 Oct 2026.
• Ms. Kim Joan appointed as Additional Non-Executive Independent Director, until General Meeting, effective 15 Oct 2026.
• Mr. Rajendra Eknath Pawar appointed as Additional Non-Executive Independent Director, until General Meeting, effective 15 Oct 2026.

HWPL acquisition

• Maxgrow acquired 110,999 equity shares of Hurricane Windfarms Private Limited at INR 525 per share.
• This represents 74% of HWPL's shareholding, making HWPL a subsidiary of Maxgrow.
• Total cash consideration amounts to INR 58,274,475.
• HWPL's turnover for year ended 31 March 2026 was INR 269.12 lakhs.
• Acquisition is cash-based and not a related-party transaction.
• No regulatory approvals are currently required; indicative completion timing is not applicable.
• Intended synergies include combining HWPL's renewable energy with Maxgrow's metal trading.

AGM details

• AGM held on 28 Sep 2026 at 5:00 PM IST via VC/OAVM.
• Remote e-voting conducted 24–27 Sep 2026; cut-off date 21 Sep 2026.

Resolutions

• Ordinary: Adopt Audited Standalone & Consolidated Financial Statements.
• Ordinary: Re-appoint Mr. Amarjit Kumar Shrivastav, retires by rotation.
• Special: Appoint Statutory Auditors to fill casual vacancy.
• Ordinary: Re-appoint BNK & Associates as Statutory Auditor; remuneration fixed.
• Special: Regularize appointment of Mr. Krishnan as Independent Director.

Voting results

• Res 1: Passed with requisite majority.
• Res 2: Passed with requisite majority.
• Res 3: Passed with requisite majority.
• Res 4: Passed with requisite majority.
• Res 5: Passed with requisite majority.

Dividend

• Dividend proposal/approval: none.

Directors

• Mr. Krishnan appointed as Independent Director.

Auditors

• Casual vacancy: appoint Statutory Auditors.
• BNK & Associates re-appointed as Statutory Auditors; remuneration fixed.

Material RPTs

• Material related party transactions: none disclosed.

Other approvals

• No ESOP or charter amendments disclosed.

AGM Details

• AGM held September 28, 2026 at 5:00 PM IST via VC/OAVM.
• Deemed venue: Registered Office, Mumbai.
• Leave of Absence granted to two directors.
• Voting eligibility cut-off: September 21, 2026.

Resolutions

• Resolution 1: Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Resolution 2: Re-appoint Amarjit Kumar Shrivastav as Director, retiring by rotation.
• Resolution 3: Appoint BNK & Associates as Statutory Auditor to fill casual vacancy.
• Resolution 4: Re-appoint BNK & Associates as Statutory Auditor and fix remuneration.
• Resolution 5: Regularize Krishnan as Independent Director.

Voting Results

• Outcome not disclosed in filing; results to be submitted to stock exchange.

Directors

• Krishnan appointed as Independent Director (Regularization).
• Amarjit Kumar Shrivastav proposed for re-appointment as Director (retiring by rotation).
• Leave of absence granted to Amarjit Srivastava and Laxman Medudula.

Auditors

• BNK & Associates appointed as Statutory Auditor to fill casual vacancy.
• BNK & Associates re-appointed as Statutory Auditor; remuneration to be fixed.

Other

• Scrutinizer and auditors present; e-voting window details; AGM concluded at 5:14 PM.

Auditor appointment

• Appointed BNK & Associates as Statutory Auditors to fill casual vacancy, Aug 27, 2026.
• Approved five-year term for BNK & Associates as Statutory Auditor to 2031, subject to shareholders' approval.

Director addition: Krishnan Regularisation

• Regularisation of Krishnan as Additional Director (Non-Executive Independent) at upcoming AGM.
• Subject to shareholders' approval.

Director designation change: Amarjit Shrivastav

• Changed designation of Amarjit Kumar Shrivastav to Non-Executive Non-Independent Director.
• Effective date of change: August 27, 2026.
• Liable to retire by rotation.

E-Voting timings

• Start date for E-Voting: 24 September 2026.
• End date for E-Voting: 27 September 2026.
• Cut-off date for E-Voting: 18 September 2026.

AGM timing & mode

• 33rd AGM to be held Sept 28, 2026 via VC/OAVM.

Secretarial audit and Directors' report

• Approval of Secretarial Audit Report for FY ended 31 March 2026.
• Draft Directors' Report and annexures approved.

Publication of unaudited quarterly results

• Unaudited quarterly results for quarter ended 30 June 2026 published in Financial Express and Mumbai Lakshadeep.
• Publication date: 18 August 2026.
• Sent to BSE with request to record the unaudited results.
• Signed by Director Shivkumar Ramsagar Pasi (DIN: 10869886).