Meeting Details

  • Date of Meeting: Tuesday, September 29, 2026
  • Time of Meeting: 04:00 P.M. (IST)
  • Type of Meeting: 8th Annual General Meeting
  • Location: Conducted through Video Conferencing / Other Audio-Visual Means
  • Record Date: Tuesday, September 22, 2026
  • Total Shareholders on Record Date: 35,209 shareholders

Voting Process and Methods

  • Remote e-voting period: Commenced on Saturday, September 26, 2026 at 9:00 a.m. (IST) and ended on Monday, September 28, 2026 at 5:00 p.m. (IST)
  • E-voting platform: National Securities Depository Limited (NSDL)
  • Voting methods: Remote e-voting and e-voting during the AGM for shareholders who had not cast their vote earlier
  • Scrutinizer: Akruti Shah of Parikh & Associates, Practising Company Secretaries (FCS: 13897, CP No.: 22955)

Shareholder Participation

  • Promoters and Promoter Group attended via VC: 15 members
  • Public shareholders attended via VC: 43 members
  • Total shares voted: 4,420,505 shares (52.1846% of total outstanding shares of 8,470,905)
  • Promoter group voting: 4,221,624 shares voted (100% of their holding)
  • Public institutions voting: 286 shares voted (1.6387% of their holding)
  • Public non-institutions voting: 198,595 shares voted (4.6929% of their holding)

Resolution Summary and Voting Outcomes

Resolution 1: Ordinary Resolution

To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

  • Total votes cast: 4,420,505
  • In favour: 4,420,485 votes (99.9995%)
  • Against: 20 votes (0.0005%)
  • Result: PASSED

Resolution 2: Ordinary Resolution

To declare a dividend @10% i.e. Re. 1/- per equity share for FY ended March 31, 2026

  • Total votes cast: 4,420,505
  • In favour: 4,420,485 votes (99.9995%)
  • Against: 20 votes (0.0005%)
  • Result: PASSED

Resolution 3: Ordinary Resolution

To appoint Mr. Dattatray S. Galpalli (DIN: 01853463) as director retiring by rotation

  • Total votes cast: 4,420,505
  • In favour: 4,419,584 votes (99.9792%)
  • Against: 921 votes (0.0208%)
  • Result: PASSED

Resolution 4: Special Resolution

To re-appoint Mr. Nikhil P. Desai (DIN: 01660649) as CEO & Managing Director

  • Total votes cast: 4,420,505
  • In favour: 4,419,585 votes (99.9792%)
  • Against: 920 votes (0.0208%)
  • Result: PASSED

Resolution 5: Special Resolution

To re-appoint Mr. Santosh M. Kakade (DIN: 08505234) as Whole-time Director

  • Total votes cast: 4,420,505
  • In favour: 4,419,584 votes (99.9792%)
  • Against: 921 votes (0.0208%)
  • Result: PASSED

Resolution 6: Special Resolution

To appoint Prof. Vandana B. Patravale (DIN: 09200693) as Independent Director

  • Total votes cast: 4,420,505
  • In favour: 4,420,485 votes (99.9995%)
  • Against: 20 votes (0.0005%)
  • Result: PASSED

Resolution 7: Special Resolution

To approve alteration of Main Object Clause of Memorandum of Association

  • Total votes cast: 4,420,505
  • In favour: 4,420,485 votes (99.9995%)
  • Against: 20 votes (0.0005%)
  • Result: PASSED

Resolution 8: Special Resolution

To approve enhancement of borrowing limits of the Company

  • Total votes cast: 4,420,505
  • In favour: 4,419,585 votes (99.9792%)
  • Against: 920 votes (0.0208%)
  • Result: PASSED

Resolution 9: Special Resolution

To approve enhancement of limits for creation of charge(s) on properties

  • Total votes cast: 4,420,505
  • In favour: 4,419,584 votes (99.9792%)
  • Against: 921 votes (0.0208%)
  • Result: PASSED

Resolution 10: Ordinary Resolution

To ratify remuneration payable to Cost Auditor for FY 2026-2027

  • Total votes cast: 4,420,505
  • In favour: 4,420,485 votes (99.9995%)
  • Against: 20 votes (0.0005%)
  • Result: PASSED

Scrutinizer's Findings and Conclusions

  • The scrutinizer confirmed that all votes were properly cast and counted
  • No invalid votes were recorded across all resolutions
  • The voting process complied with the Companies Act, 2013 and SEBI LODR Regulations
  • All resolutions were duly passed by the required majority

Compliance Confirmation

The company confirmed compliance with:

  • Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated September 22, 2025, September 19, 2024, September 25, 2023, December 8, 2022, May 5, 2022, December 14, 2021, January 13, 2021, May 5, 2020, April 8, 2020 and April 13, 2020
  • SEBI Circular latest dated October 03, 2024