Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Type of Meeting: 31st Annual General Meeting (AGM)
  • Date of Meeting: Saturday, September 26, 2026
  • Start Time: 04:06 PM IST
  • End Time: 04:16 PM IST
  • Location: Conducted through Video Conferencing facility via Microsoft Teams Platform
  • Deemed Venue: Registered office of the Company at 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006

Proposed Resolutions and Implications

Five resolutions were proposed for shareholder approval:

1. Ordinary Resolution: Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026

2. Ordinary Resolution: Re-appointment of Mr. Sandeepkumar Vishwanath Agrawal (DIN: 02566480) as director liable to retire by rotation

3. Ordinary Resolution: Appointment of M/S Supal Shah & Associates as Statutory Auditor of the Company and fixing their remuneration

4. Ordinary Resolution: Appointment of Mrs Indu Shaktibhusan Shukla (DIN: 08078155) as Non-executive Non-Independent Director

5. Special Resolution: Appointment of Mr Mrugesh Arvindbhai Suthar (DIN: 11640636) as Non-executive Independent Director for a period of 5 years

Voting Process and Methods

The voting was conducted through:

  • Remote E-Voting: Available through NSDL platform from September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • Remote Electronic Voting during AGM: Available for shareholders present during the AGM who had not voted through e-voting platform, open until 15 minutes after closure of AGM
  • Record Date: September 19, 2026
  • Total Shareholders on Record Date: 56,753

Key Voting Outcomes

Overall Participation

  • Total Shares Outstanding: 125,020,000
  • Total Votes Polled: 91,896,361 shares (73.5053% of outstanding shares)
  • Promoter & Promoter Group Attendance: 5 members via video conferencing
  • Public Attendance: 41 members via video conferencing
  • Physical Attendance: 0 members (no physical attendance due to virtual meeting)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total Votes in Favor: 91,886,051 (99.9888%)
  • Total Votes Against: 10,310 (0.0112%)
  • Result: Passed

Resolution 2: Re-appointment of Mr. Sandeepkumar Agrawal

  • Total Votes in Favor: 91,886,046 (99.9888%)
  • Total Votes Against: 10,315 (0.0112%)
  • Result: Passed

Resolution 3: Appointment of Statutory Auditor

  • Total Votes in Favor: 91,886,046 (99.9888%)
  • Total Votes Against: 10,315 (0.0112%)
  • Result: Passed

Resolution 4: Appointment of Mrs Indu Shukla

  • Total Votes in Favor: 91,886,046 (99.9888%)
  • Total Votes Against: 10,315 (0.0112%)
  • Result: Passed

Resolution 5: Appointment of Mr Mrugesh Suthar

  • Total Votes in Favor: 91,885,846 (99.9886%)
  • Total Votes Against: 10,515 (0.0114%)
  • Result: Passed

Category-wise Voting Breakdown

Promoter & Promoter Group:

  • Shares Held: 90,279,475
  • Votes Polled: 90,279,475 (100% of shares held)
  • All votes were cast in favor of all resolutions (100% approval)

Public Institutions:

  • Shares Held: 0
  • No votes cast

Public Non-Institutions:

  • Shares Held: 34,740,525
  • Votes Polled: 1,616,886 (4.6542% of shares held)
  • Average approval rate: 99.36% across all resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Anjali Sangtani of SCS & CO LLP (Firm Registration Number: L2020GJ008700)
  • Qualification: Company Secretary (Membership Number: F14118)
  • Appointment Date: August 31, 2026
  • Report Issuance Date: September 29, 2026

The scrutinizer confirmed that:

  • The remote e-voting and electronic voting during AGM was conducted in a fair and transparent manner
  • All voting was scrutinized based on reports generated from NSDL e-voting system
  • The register and records relating to voting will remain in scrutinizer's custody until minutes are approved
  • No invalid votes were cast across all shareholder categories

Compliance with Laws and Regulations

The company confirmed compliance with:

  • Companies Act, 2013 and relevant Rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard-2 on General Meetings
  • MCA General Circular No. 20/2020 and subsequent circulars permitting virtual meetings
  • Notice of AGM was dispatched via email and courier, and published on company website and stock exchange websites
  • Newspaper advertisements were published in The Indian Express (English) and Financial Express (Gujarati) on September 4, 2026