SG Mart to hold 40th AGM, plans employee stock option repricing

SG Mart Limited (formerly Kintech Renewables Limited) will conduct its 40th Annual General Meeting on Saturday, September 20, 2025, at 1:00 P.M. (IST) via Video Conferencing/Other Audio Visual Means. The agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2025, and the re-appointment of Mr. Amit Thakur as director. M/s Parikh & Associates, practicing company secretaries, are proposed to be appointed as secretarial auditors for five years, from the 40th AGM until the 45th AGM in 2030, with a remuneration of INR 1 Lakhs p.a. for the financial year ending March 31, 2026, and subsequent years.

The AGM will also address the appointment of Mr. Arun Agarwal as a non-executive director effective July 25, 2025. A significant proposal involves repricing outstanding employee stock options granted under the 'Kintech Renewables Limited Employees Stock Option Scheme – 2023', with 167,500 options proposed to be repriced from an earlier exercise price of INR 467.40 to a new exercise price of INR 367.85.

Furthermore, shareholders will vote on approving the 'SG Mart Employees Stock Option Plan 2025' ("SG Mart ESOP 2025"), allowing for the grant of up to 2,000,000 equity shares, and extending its benefits to employees of subsidiary and associate companies. The company also seeks approval to provide funding to the 'SG Mart Limited Employees Welfare Trust' for secondary acquisition of shares, up to 5% of the aggregate paid-up share capital and free reserves.