AGM Details

The 36th Annual General Meeting will be held on Wednesday, 12th August, 2026 at 04:00 PM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The venue is deemed to be the Registered Office at 83/86, G.I.D.C. Industrial Estate, Nadiad - 387 001, Gujarat.

Agenda Items

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Report of Auditors

3. To declare a Final Dividend of ₹0.60 per equity share (face value ₹2 each) for FY ended 31st March, 2026

4. To appoint Director Mr. Bimal Thakkar (DIN: 00087404) who retires by rotation and offers himself for re-appointment

Special Business:

5. To approve continuation of existing remuneration terms of Mr. Bimal Thakkar for remaining tenure of his current appointment term up to 30th September, 2028

Dividend Information

The Board of Directors at its meeting held on 13th May, 2026 recommended a Final Dividend of ₹0.60 per equity share (30% on face value of ₹2) for FY2025-26.

Record Date: Wednesday, 5th August, 2026 for determining entitlement to dividend

Payment Timeline: Dividend payable within 30 days from date of declaration if approved at AGM

Director Remuneration Details

The Special Resolution seeks approval for continuation of existing remuneration terms for Mr. Bimal Thakkar for the period 1st October, 2026 to 30th September, 2028:

  • Commission up to 5% of consolidated net profit before tax of the Company
  • Reimbursement of business expenses including travel, two cars with drivers, telephone, books/periodicals, and club fees
  • In case of loss or inadequacy of profits, payment as minimum remuneration subject to Schedule V limits

Mr. Bimal Thakkar's remuneration for FY2025-26 was ₹5,98,89,253 accrued as commission.

Financial Performance Highlights (FY2025-26)

Standalone:

  • Revenue from operations: ₹52,791.51 lakhs
  • Profit After Tax (excluding exceptional items): ₹10,401.43 lakhs
  • EPS (Basic & Diluted): ₹8.85

Consolidated:

  • Revenue from operations: ₹68,323.17 lakhs
  • Profit After Tax (excluding exceptional items): ₹9,675.41 lakhs
  • EPS (Basic & Diluted): ₹8.19

Shareholding Pattern

Mr. Bimal Thakkar holds 1,43,70,850 equity shares (13.08% of share capital) in his individual capacity.

Corporate Actions Timeline

Register of Members Closure: 6th August to 12th August, 2026 (both days inclusive)

Remote e-Voting Period: 8th August (9:00 AM) to 11th August, 2026 (5:00 PM)

Cut-off Date for Voting: 5th August, 2026

Dividend Payment Procedures

  • SEBI mandates electronic dividend payments for physical shareholders with updated KYC details
  • TDS applicable on dividend payments: 10% for residents with PAN, 20% without PAN
  • Non-resident shareholders subject to 20% withholding tax plus applicable surcharge and cess
  • Dividend unpaid for 7 consecutive years will be transferred to Investor Education and Protection Fund (IEPF)

Voting Arrangements

  • Mr. Sanjay S. Risbud appointed as Scrutinizer for remote e-voting and e-voting at AGM
  • Detailed voting instructions provided for shareholders holding shares in both physical and dematerialized form
  • Institutional shareholders required to submit board resolutions authorizing their representatives

Corporate Office

Marathon Innova, B2, G01, Ground Floor, G. K. Road, Lower Parel, Mumbai 400 013. Tel: +91 22 6141 5555