StockWatch
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Industrial Products
AGM/EGM23 Jun 2026, 02:07 pm

Incon Engineers Ltd Holds 56th AGM, Approves Related Party Transactions up to ₹20 Cr

AI Summary

Incon Engineers Ltd has announced its 56th Annual General Meeting (AGM) scheduled for July 16, 2026. The company will present its audited financial statements for the fiscal year 2025-2026, along with reports from the Board of Directors and Auditors. A key agenda item is the approval of related party transactions, including those with the Managing Director, Mr. Sreedhar Chowdhury, and related entities like Oxeeco Technologies Private Limited and Fusion Lastek Technologies Private Limited. These transactions are proposed to be conducted in the ordinary course of business on an arm's length basis, with an annual limit not exceeding ₹20.00 crores for the financial year 2026-27. The AGM notice also includes the retirement and potential re-appointment of Dr. B. Neeta Kumari.

Key Highlights

  • AGM scheduled for July 16, 2026, to adopt FY26 financial statements.
  • Approval sought for related party transactions up to ₹20 Cr annually.
  • Transactions involve MD and related entities for FY26-27.
  • Director Dr. B. Neeta Kumari retires by rotation, eligible for re-appointment.