Meeting Details

The 34th Annual General Meeting was held on Tuesday, August 25, 2026, at 11:00 a.m. at the registered office E-260-261, Mewar Industrial Area, Madri, Udaipur-313003, Rajasthan.

Total number of shareholders on cut-off date: 5,716

Shareholders present in meeting (in person or through proxy):

  • Promoters and Promoter Group: 2
  • Public: 41

Voting Results Summary

All nine resolutions were approved with requisite majority:

Ordinary Business

1. Adoption of Financial Statements: Ordinary Resolution passed with 100% votes in favor

  • Audited Standalone Financial Statements for FY ended March 31, 2026
  • Audited Consolidated Financial Statements for FY ended March 31, 2026
  • Total votes polled: 1,72,72,208 (66.9569% of outstanding shares)
  • Votes in favor: 1,72,72,204 (100% of votes polled)
  • Votes against: 4 (0.0002% of votes polled)

2. Re-appointment of Director: Ordinary Resolution passed with 99.9994% votes in favor

  • Mr. Asad Daud (DIN: 02491539) re-appointed as director
  • Total votes polled: 1,72,72,208 (66.9569% of outstanding shares)
  • Votes in favor: 1,72,72,198 (99.9994% of votes polled)
  • Votes against: 10 (0.0006% of votes polled)

Special Business

3. Related Party Transaction with Lion Houseware Private Limited: Ordinary Resolution passed with 99.7917% votes in favor

  • Promoter/promoter group abstained from voting (interested party)
  • Total votes polled: 3,360 (0.0130% of outstanding shares)
  • Votes in favor: 3,353 (99.7917% of votes polled)
  • Votes against: 7 (0.2083% of votes polled)

4. Related Party Transaction with Safe Polymer Private Limited: Ordinary Resolution passed with 99.7917% votes in favor

  • Promoter/promoter group abstained from voting (interested party)
  • Total votes polled: 3,360 (0.0130% of outstanding shares)
  • Votes in favor: 3,353 (99.7917% of votes polled)
  • Votes against: 7 (0.2083% of votes polled)

5. Related Party Transaction with Mr. Asad Daud: Ordinary Resolution passed with 99.7024% votes in favor

  • Promoter/promoter group abstained from voting (interested party)
  • Total votes polled: 3,360 (0.0130% of outstanding shares)
  • Votes in favor: 3,350 (99.7024% of votes polled)
  • Votes against: 10 (0.2976% of votes polled)

6. Related Party Transaction with Mrs. Shehnaz D. Ali: Ordinary Resolution passed with 99.7024% votes in favor

  • Promoter/promoter group abstained from voting (interested party)
  • Total votes polled: 3,360 (0.0130% of outstanding shares)
  • Votes in favor: 3,350 (99.7024% of votes polled)
  • Votes against: 10 (0.2976% of votes polled)

7. Modification of Preferential Issue Objects: Special Resolution passed with 100% votes in favor

  • Modifying objects of preferential issue as stated in EGM Notice dated May 14, 2025
  • Total votes polled: 1,72,72,208 (66.9569% of outstanding shares)
  • Votes in favor: 1,72,72,201 (100% of votes polled)
  • Votes against: 7 (0.0004% of votes polled)

8. Appointment of Mr. Arpit Kalani as Independent Director: Special Resolution passed with 100% votes in favor

  • Mr. Arpit Kalani (DIN: 09734386) appointed as Independent Director
  • Total votes polled: 1,72,72,208 (66.9569% of outstanding shares)
  • Votes in favor: 1,72,72,201 (100% of votes polled)
  • Votes against: 7 (0.0004% of votes polled)

9. Appointment of Mr. Tapan Tanmay Kothari as Independent Director: Special Resolution passed with 100% votes in favor

  • Mr. Tapan Tanmay Kothari (DIN: 11798942) appointed as Independent Director
  • Total votes polled: 1,72,72,208 (66.9569% of outstanding shares)
  • Votes in favor: 1,72,72,201 (100% of votes polled)
  • Votes against: 7 (0.0004% of votes polled)

Share Capital Structure

Total outstanding shares: 2,57,96,000

Breakdown by category:

  • Promoter and Promoter Group: 1,55,96,000 shares
  • Public Institutions: 10,47,349 shares
  • Public Non-Institutions: 91,52,651 shares

Scrutinizer Report Details

Scrutinizer: Ashok Modi, Proprietor of M/s A Modi & Co. Chartered Accountants, Udaipur

Key Process Details:

  • Remote e-voting period: August 20, 2026 (09:00 AM) to August 24, 2026 (05:00 PM)
  • Cut-off date for shareholder eligibility: August 18, 2026
  • E-voting platform: Central Depositories Services (India) Limited (CDSL)
  • Notice dispatched electronically to 5,657 shareholders on August 1, 2026
  • 5,433 emails successfully delivered, 224 bounced back
  • Newspaper advertisement published in The Indian Express (English) and Dainik Pukar (Hindi) on August 3, 2026