AWL Agri Business Limited Announces 28th Annual General Meeting; Seeks Approval for Material Related Party Transaction and Director Reappointments

AWL Agri Business Limited Announces 28th Annual General Meeting; Seeks Approval for Material Related Party Transaction and Director Reappointments​

AWL Agri Business Limited (formerly Adani Wilmar Limited) has scheduled its 28th Annual General Meeting (AGM) for July 7, 2026. The meeting, which will be conducted through Video Conferencing or other Audio-Visual Means at the company’s registered office in Ahmedabad, is intended to transact several critical matters, including the adoption of annual accounts, declaration of dividends, and reappointments of key directors.

The AGM encompasses a range of business transactions, including the approval of a material related party transaction (RPT) involving Wilmar Trading Pte. Ltd., as well as the ratification of remuneration for Cost Auditors and the payment structure for Non-Executive Independent Directors (NEIDs).

Key Agenda Items and Governance Updates​

The ordinary business items set for consideration include:

• Receiving, considering, and adopting the Audited Standalone Financial Statements and Audited Consolidated Financial Statements for the financial year ended March 31, 2026.
• Declaring a final dividend of Re. 1/- (Rupee One Only) per Equity Share against the face value of Re. 1/- each.
• Re-appointing Executive Deputy Chairman Mr. Angshu Mallick (DIN: 02481358), who retires by rotation and has been associated with the company since April 1, 2021.
• Re-appointing Executive Director Mr. Ravindra Kumar Singh (DIN: 08253320).

The company is seeking shareholder approval for a material related party transaction (RPT) involving Wilmar Trading Pte. Ltd., which is noted as being in the ordinary course of business and at arm's length. The consolidated value of the proposed transactions, covering AWL, Bangladesh Edible Oil Limited (BEOL), and Omkar Chemical Industries Private Limited (OCIPL) with WTPL, is `21,556 crore. This transaction stands against a materiality threshold of `3,868.26 crore for FY26-27, based on the company's annual consolidated turnover of `74,730.67 crore as of March 31, 2026.

Director Reappointments and Remuneration​

The AGM is set to approve the reappointment of two directors: Mr. Angshu Mallick, who has been with the company since April 1, 2021, and Mr. Ravindra Kumar Singh.

Mr. Ravindra Kumar Singh, a Whole Time Director (Executive, Non-Independent), is proposed for re-appointment for a term of three consecutive years, effective from November 1, 2026. His remuneration sought by the shareholders shall not exceed `5.00 crore (Rupees Five crore only) per annum. As of March 31, 2026, Mr. Singh had been granted 2,22,732 stock options under the Employee Stock Option Scheme-2024 (ESOP 2024).

The AGM will also address the ratification of remuneration payable to Cost Auditors, M/s Dalwadi & Associates, Practicing Cost Accountants (Firm Regn. No. 000338), for the financial year 2026-27. The proposed fee is up to `9.50 Lacs (Rupees Nine Lacs Fifty Thousand Only) plus applicable taxes and reimbursement of out-of-pocket expenses.

For Non-Executive Independent Directors (NEIDs), the shareholders are asked to approve the payment of commission, which will not exceed 1% per annum of the net profits of the Company for the relevant financial year. The Board is authorized to determine the quantum of this commission annually based on recommendations from the Nomination and Remuneration Committee.

Corporate Transaction Details​

The proposed material related party transactions are detailed as follows:


The transactions relate to the purchase and sale of goods (including edible oils and industrial essential products) and rendering services between AWL and WTPL, conducted in the ordinary course of business at an arm's length basis.

Important Dates for Shareholders​

The company has set key operational dates for its stakeholders:

• Record Date for Dividend: June 19, 2026.
• Cut-off date for AGM voting: June 30, 2026.

The AGM is scheduled to be held on Tuesday, July 7, 2026, and the integrated annual report containing the notice is available on the company's website. Shareholders are advised that the meeting will be conducted via VC/OAVM, offering guidance materials and detailed instructions for e-voting on the respective websites of Central Depository Services (India) Limited (CDSL).

AWL Stock Price Movement​

On Friday, shares of AWL Agri Business Limited edged higher, settling at ₹190.82 after gaining 2.74%, which represented an increase of ₹5.08. The equity saw activity throughout the trading session, with a total volume recorded at 3.75 million shares.