AGM Details
The 13th Annual General Meeting was held on Wednesday, September 16, 2026. The remote e-voting period was from Saturday, September 12, 2026 (9:00 a.m.) to Tuesday, September 15, 2026 (5:00 p.m.). The cut-off date for determining members entitled to vote was Wednesday, September 9, 2026.
Resolutions Passed
All nine resolutions set out in the Notice dated August 25, 2026, were passed by members through remote e-voting and e-voting during the AGM:
1. Adoption of Audited Standalone and Consolidated Financial Statements for FY 2025-26 (Ordinary Resolution)
- Total votes polled: 287,38,056 (100% assent)
2. Re-appointment of Shri Jashvantbhai Valjibhai Patel (DIN: 00038972) as Director (Ordinary Resolution)
- Total votes polled: 287,37,946
- Votes in favor: 287,37,235 (99.98%)
- Votes against: 711 (0.02%)
3. Declaration of dividend of ₹0.10 per equity share of ₹10 each for FY 2025-26 (Ordinary Resolution)
- Total votes polled: 287,40,256
- Votes in favor: 287,39,555 (99.98%)
- Votes against: 701 (0.02%)
4. Appointment of M/s. S N D K & Associates LLP, Chartered Accountants, as Statutory Auditors for a term of five consecutive years (Ordinary Resolution)
- Total votes polled: 287,39,486
- Votes in favor: 287,39,376 (99.99%)
- Votes against: 110 (0.001%)
5. Ratification of remuneration payable to Cost Auditors for FY 2026-27 (Ordinary Resolution)
- Total votes polled: 287,39,596 (100% assent)
6. Appointment of Shri Utsav Himanshu Trivedi (DIN: 10185472) as an Independent Director (Special Resolution)
- Total votes polled: 287,37,946
- Votes in favor: 287,37,245 (99.98%)
- Votes against: 701 (0.02%)
7. Increase in Authorised Share Capital and consequential alteration of the Memorandum of Association (Ordinary Resolution)
- Total votes polled: 287,40,046
- Votes in favor: 287,39,761 (99.99%)
- Votes against: 285 (0.001%)
8. Appointment of M/s. Utkarsh Shah & Co., Practising Company Secretaries, as Secretarial Auditors for a term of five consecutive years (Ordinary Resolution)
- Total votes polled: 287,39,484
- Votes in favor: 287,39,374 (99.99%)
- Votes against: 110 (0.001%)
9. Issue of Bonus Equity Shares by capitalisation of reserves (Ordinary Resolution)
- Total votes polled: 287,40,256 (100% assent)
Scrutinizer Appointment and Process
Utkarsh Piyushkumar Shah, Proprietor of M/s Utkarsh Shah & Co., Practicing Company Secretaries (CP No. 26241, Unique Code Number: S2022GJ889900), was appointed as Scrutinizer by the Board of Directors on August 25, 2026. The scrutinization was conducted using the electronic voting system provided by Bigshare Services Private Limited (Event ID: 1306).
Shareholding Pattern and Voting Participation
- Total outstanding shares: 4,41,42,190
- Promoter and Promoter Group holding: 2,34,86,509 shares (53.21%)
- Public Institutions holding: 1,66,709 shares (0.38%)
- Public Non-Institutions holding: 2,04,88,972 shares (46.41%)
Additional Information
- The company published a public notice in "Financial Express" Ahmedabad Edition in both English and Gujarati languages
- The scrutinizer's report was issued on September 16, 2026
- All voting records will remain in the scrutinizer's safe custody until the Chairman approves and signs the minutes of the AGM