Kriti Industries Announces 36th AGM; Shiv Singh Mehta Seeking Re-appointment as Chairman and Managing Director

Kriti Industries Announces 36th AGM; Shiv Singh Mehta Seeking Re-appointment as Chairman and Managing Director​

Kriti Industries (India) Limited has announced its upcoming 36th Annual General Meeting (AGM), scheduled for Wednesday, August 12, 2026. The meeting will be held via Video Conferencing (VC) or Other Audio Video Means (OAVM) at the company’s corporate office in Indore.

The AGM will allow members to transact several key business items, including the adoption of audited financial statements and considering the re-appointment of Mr. Shiv Singh Mehta as a Director and CEO.

Key Items on Agenda​

Members are invited to consider and pass resolutions pertaining to both ordinary and special businesses.

Ordinary Business:
The meeting includes receiving, considering, and adopting the Standalone and Consolidated Audited Financial Statements for the Financial Year ending March 31, 2026, along with the corresponding reports from the Board of Directors and Auditors. Additionally, members will vote on the re-appointment of Shri Shiv Singh Mehta (DIN 00023523) as a Director not liable to retire by rotation at this AGM.

Special Business:
The company will ratify the remuneration for M/s Dhananjay V. Joshi & Associates, Cost Accountants, appointed for the Financial Year 2026-27. The ratified remuneration is H 35,000 (Rupees Thirty-Five Thousand Only), plus applicable taxes and reimbursement of out-of-pocket expenses.

Furthermore, a Special Resolution will be passed regarding the re-appointment of Mr. Shiv Singh Mehta as Chairman and Managing Director of Kriti Industries (India) Limited for a period of three years. The appointment is scheduled to commence from October 1, 2026, until September 30, 2029.

CMD Remuneration and Company Performance​

The Board of Directors recommended the re-appointment of Mr. Shiv Singh Mehta based on his experience and dedication. The proposed remuneration for him as Chairman and Managing Director includes:

• Salary: Up to H 6.50 Lakhs Per Month
• Perquisite and Allowances: Up to H 0.65 Lakhs Per Month
• Remuneration/Incentive/Commission: Up to 4% of the net profits of the financial year

The total remuneration for Mr. Mehta is subject to a maximum ceiling of 5% of the net profits, calculated in accordance with applicable provisions.

A review of the company’s standalone financial performance showed variability across the last two financial years:


Management noted that the company's profitability was adversely affected due to a decrease in institutional sales and a down trend in the price of PVC, despite the company maintaining a strong net worth since its inception.

AGM Logistics and Stakeholder Details​

The AGM details are as follows:

• Date: Wednesday, August 12, 2026
• Time: 3:00 P.M. (IST)
• Venue: Corporate Office at Brilliant Sapphire, Plot No.10, Scheme No.78, Part II, Indore (M.P.) 452010

The company confirmed that Mr. Shiv Singh Mehta holds 20,67,299 equity shares, constituting 3.92% of the total paid-up capital. The AGM will be conducted through VC/OAVM, and all documents related to the meeting are available for inspection electronically on the company's website.

The notice provided detailed instructions regarding e-voting procedures, including login methods for individual shareholders holding securities in demat or physical form.

KRITI Stock Price Movement​

Today, Kriti Industries (India) Limited gained 1.79% in post-market trading, settling at ₹68.40. The equity experienced moderate movement throughout the session, charting a range between a low of ₹67 and a high of ₹69.