Tijaria Polypipes Issues Corrigendum for AGM, Details Material Related Party Transactions and New Independent Director Appointment

Tijaria Polypipes Issues Corrigendum for AGM, Details Material Related Party Transactions and New Independent Director Appointment​

Tijaria Polypipes Limited has issued a corrigendum concerning the notice of its 20th Annual General Meeting (AGM), scheduled for Friday, August 7, 2026. The update introduces significant special business items, including approval of related party transactions (RPTs) and the appointment of Ms. Vishakha Saini as a Non-Executive Independent Director (NEID).

The corrigendum forms an integral part of the original AGM Notice circulated on July 14, 2026, requiring all members to read both documents together. The meeting is scheduled to take place at the Company’s Registered Address in Jaipur, Rajasthan.

Special Business: Related Party Transactions Approval​

Item No. 5 of the AGM agenda includes a special resolution for Members to consider and approve related party transactions (RPTs). These transactions have been approved by the Board of Directors following recommendations from the Audit Committee for the financial year 2026-27.

The proposed transactions involve Promoters, Promoter Group entities, Group Companies, and Key Managerial Personnel (KMPs). The board has deemed these transactions to be in the ordinary course of business and conducted on an arm’s length basis, aiming to maintain operational flexibility and ensure financial stability for the Company.

Details of the estimated annual values of the proposed RPTs are presented below:


The transactions are considered material as the aggregate value exceeds 10% of the Company’s annual consolidated turnover as per its latest audited financial statements. The company noted that, due to the Bank Account being marked as 'NPA' and lack of sufficient operating funds in FY 2025-26, it is not possible to express the transactions as a percentage of the preceding financial year's turnover (which stood at 22.29 Lacs).

New Independent Director Appointment​

The AGM notice includes business pertaining to the appointment of Ms. Vishakha Saini (DIN: 11800700) as a Non-Executive Independent Director (NEID) of the Company. The Board appointed Ms. Saini, subject to members' approval, for a term of five consecutive years, effective from August 7, 2026, to August 6, 2031.

The appointment follows recommendations from the Nomination and Remuneration Committee (NRC). The Board noted that Ms. Saini’s background and experience align with the capabilities identified by the NRC, adding significant value to the Company's management structure. She has submitted a declaration confirming her compliance with independence criteria as per relevant regulations.

AGM Operational Details​

The 20th Annual General Meeting includes several items of ordinary business, including:
1. Receiving and considering the Financial Statements for the financial year ended March 31, 2026.
2. Approving the statutory auditor appointment of M/s Pramod & Associates to fill a casual vacancy.

The notice also details the facility for Members to appoint proxies or utilize remote e-voting services provided by National Securities Depository Limited (NSDL). The remote e-voting period is set from August 4, 2026, until August 6, 2026.

TIJARIA Stock Price Movement​

Today, shares of Tijaria Polypipes Limited rallied strongly, closing at ₹5.03 after gaining 9.83%. The stock achieved this impressive performance amid a trading volume totaling 257,165 shares.