Meeting Details

  • Type of Meeting: 36th Annual General Meeting (AGM)
  • Date: Wednesday, 30th September, 2026
  • Time: 3:00 PM to 3:20 PM IST
  • Mode: Conducted through video conferencing (VC) / other audio visual means (OAVM)
  • Record Date: 23rd September, 2026
  • Total Shareholders on Record Date: 13,611

Proposed Resolutions and Implications

Three ordinary resolutions were proposed:

1. To receive, consider and adopt the audited financial statement of the company for the year ended 31st March, 2026, the balance sheet as on that date and the reports of Directors and Auditors thereon.

2. To appoint Mrs. Bina Ghatalia (DIN: 01471745), who retires by rotation, as director.

3. Approval of related party transactions.

Voting Process and Methods

  • Remote e-voting period: Commenced on Sunday, 27th September, 2026 at 9:00 AM IST and ended on Tuesday, 29th September, 2026 at 5:00 PM IST
  • E-voting facility during AGM: Provided to shareholders present through VC/OAVM who had not cast their vote earlier
  • Service provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: Virendra G. Bhatt, Practicing Company Secretary (ACS No.: 1157 / COP No.: 124), appointed by Board of Directors on 5th September, 2026

Key Voting Outcomes

Overall Participation

  • Total votes cast: 9,640,259
  • Percentage of outstanding shares voted: 33.8798%
  • Total shares outstanding: 28,454,303

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Votes in favor: 9,640,253 (99.9999%)
  • Votes against: 6 (0.0001%)
  • Result: Passed

Resolution 2 - Re-appointment of Mrs. Bina Ghatalia

  • Votes in favor: 9,640,253 (99.9999%)
  • Votes against: 6 (0.0001%)
  • Result: Passed

Resolution 3 - Approval of Related Party Transactions

  • Votes in favor: 957,810 (99.9994%)
  • Votes against: 6 (0.0006%)
  • Invalid votes (promoter group): 8,682,443
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group (10,692,443 shares)

  • Votes polled: 8,682,443 (81.2017% of promoter shares)
  • All votes cast in favor for Resolutions 1 & 2
  • All votes deemed invalid for Resolution 3 (related party transaction)

Public Institutions (2,064,458 shares)

  • Votes polled: 26,029 (1.2608% of institution shares)
  • All votes cast in favor for all resolutions

Public Non-Institutions (15,697,402 shares)

  • Votes polled: 931,787 (5.9359% of non-institution shares)
  • Votes in favor: 931,781 (99.9994%)
  • Votes against: 6 (0.0006%)

Attendance

  • Promoters attended through VC: 2
  • Public shareholders attended through VC: 33
  • No physical attendance recorded

Scrutinizer's Role and Findings

Virendra G. Bhatt was appointed scrutinizer to conduct and scrutinize the entire e-voting process. His responsibilities included:

  • Scrutinizing remote e-voting and e-voting during AGM
  • Reviewing data downloaded from MUFG Intime e-voting system
  • Preparing consolidated scrutinizer's report
  • Confirming the voting results were conducted in a fair and transparent manner

The scrutinizer's report was issued on 3rd October, 2026 and counter-signed by Mihir Ghatalia, Chairman & Managing Director (DIN: 00581005).

Compliance Confirmation

The disclosure confirms compliance with:

  • SEBI (LODR) Regulations, 2015
  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • MCA Circulars dated April 8, 2020; April 13, 2020; May 5, 2020; January 13, 2021; December 14, 2021; May 5, 2022; December 28, 2022; September 25, 2023; and September 19, 2024
  • SEBI Circulars dated May 12, 2020; May 13, 2022; January 5, 2023; October 6, 2023; and October 3, 2024