Meeting Details

The 39th Annual General Meeting was held on Wednesday, 23rd September 2026, through Video Conferencing (VC) / Other Audio Visual Means (OAVM) without the physical presence of members. The deemed venue was the Registered Office of the Company at 2nd Floor, Citi Mall, New Link Road, Andheri (W), Mumbai - 400 053.

Proposed Resolutions and Implications

The meeting transacted eight resolutions:

Ordinary Business:

1. Adoption of (a) Standalone Audited Financial Statements for FY ended 31st March 2026 with reports of Board of Directors and Auditors, and (b) Consolidated Audited Financial Statements for FY ended 31st March 2026 with Auditors' report.

2. Declaration of a final dividend of Re. 1/- per equity share (Rs. 2/- each) for FY ended 31st March 2026.

3. Re-appointment of Mr. Manoj I. Ajmera (DIN: 00013728) as a director retiring by rotation.

7. Appointment of Mr. Dhaval R. Ajmera as Senior Management Personnel designated as Director - Corporate Affairs.

8. Ratification of remuneration payable to Cost Auditors for FY ending 31st March 2027.

Special Business:

4. Re-appointment of Mr. Manoj I. Ajmera (DIN: 00013728) as Managing Director.

5. Re-appointment of Mr. Sanjay C. Ajmera (DIN: 00012496) as Whole-time Director.

6. Revision in remuneration of Mr. Rajnikant S. Ajmera, Chairman & Managing Director.

Note: The increase in remuneration of Executive Directors (Resolutions 4, 5, 6) is expected to have a gradual impact over three years, their tenure.

Voting Process and Methods

The Company provided two voting methods:

1. Remote e-voting: Available from Sunday, 20th September 2026 at 9:00 AM IST to Tuesday, 22nd September 2026 at 5:00 PM IST.

2. E-voting during the AGM: For members present at the AGM via VC/OAVM who had not voted remotely.

Mr. Haresh Sanghvi, Practicing Company Secretary, was appointed as the Scrutinizer to ensure a fair and transparent voting process. The cut-off date for determining shareholder eligibility was Wednesday, 16th September 2026.

Key Voting Outcomes

Attendance

  • No shareholders were present in person or by proxy.
  • 2 shareholders from the Promoter and Promoter Group attended via Video Conferencing.
  • 70 Public shareholders attended via Video Conferencing.

Resolution-wise Results

Resolution 1 (Ordinary - Adoption of Financial Statements)

  • Total Votes Cast: 146,720,992 (74.555% of outstanding shares)
  • In Favour: 146,720,922 (100% of votes polled)
  • Against: 70 (0.000% of votes polled)
  • Promoter & Promoter Group: 126,110,130 votes cast (93.4737% of their holding); 100% in favour.
  • Public Institutions: 681,933 votes cast (20.5665% of their holding); 100% in favour.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9996% in favour, 0.0004% against.
  • Result: Passed

Resolution 2 (Ordinary - Final Dividend)

  • Total Votes Cast: 146,728,207 (74.5587% of outstanding shares)
  • In Favour: 146,728,137 (100% of votes polled)
  • Against: 70 (0.000% of votes polled)
  • Promoter & Promoter Group: 126,110,130 votes cast (93.4737% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 100% in favour.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9996% in favour, 0.0004% against.
  • Result: Passed

Resolution 3 (Ordinary - Re-appointment of Mr. Manoj I. Ajmera as Director)

  • Total Votes Cast: 124,869,528 (63.4514% of outstanding shares)
  • In Favour: 124,869,406 (99.9999% of votes polled)
  • Against: 122 (0.0001% of votes polled)
  • Promoter & Promoter Group: 104,251,451 votes cast (77.2719% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 100% in favour.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9994% in favour, 0.0006% against.
  • Result: Passed

Resolution 4 (Special - Re-appointment of Mr. Manoj I. Ajmera as Managing Director)

  • Promoter & Promoter Group Interested: Yes
  • Total Votes Cast: 124,869,528 (63.4514% of outstanding shares)
  • In Favour: 124,276,018 (99.5247% of votes polled)
  • Against: 593,510 (0.4753% of votes polled)
  • Promoter & Promoter Group: 104,251,451 votes cast (77.2719% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 14.1549% in favour, 85.8451% against.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9904% in favour, 0.0096% against.
  • Result: Passed

Resolution 5 (Special - Re-appointment of Mr. Sanjay C. Ajmera as Whole-time Director)

  • Promoter & Promoter Group Interested: Yes
  • Total Votes Cast: 117,219,262 (59.5639% of outstanding shares)
  • In Favour: 116,625,752 (99.4937% of votes polled)
  • Against: 593,510 (0.5063% of votes polled)
  • Promoter & Promoter Group: 96,601,185 votes cast (71.6015% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 14.1549% in favour, 85.8451% against.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9904% in favour, 0.0096% against.
  • Result: Passed

Resolution 6 (Special - Revision in remuneration of Mr. Rajnikant S. Ajmera)

  • Promoter & Promoter Group Interested: Yes
  • Total Votes Cast: 111,422,801 (56.6185% of outstanding shares)
  • In Favour: 110,802,822 (99.4436% of votes polled)
  • Against: 619,979 (0.5564% of votes polled)
  • Promoter & Promoter Group: 90,804,724 votes cast (67.3051% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 14.1549% in favour, 85.8451% against.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.8576% in favour, 0.1424% against.
  • Result: Passed

Resolution 7 (Ordinary - Appointment of Mr. Dhaval R. Ajmera as Director-Corporate Affairs)

  • Promoter & Promoter Group Interested: Yes
  • Total Votes Cast: 118,496,292 (60.2129% of outstanding shares)
  • In Favour: 117,902,824 (99.4992% of votes polled)
  • Against: 593,468 (0.5008% of votes polled)
  • Promoter & Promoter Group: 97,878,215 votes cast (72.548% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 14.1549% in favour, 85.8451% against.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9906% in favour, 0.0094% against.
  • Result: Passed

Resolution 8 (Ordinary - Ratification of Cost Auditors' Remuneration)

  • Total Votes Cast: 146,728,207 (74.5587% of outstanding shares)
  • In Favour: 146,728,085 (99.9999% of votes polled)
  • Against: 122 (0.0001% of votes polled)
  • Promoter & Promoter Group: 126,110,130 votes cast (93.4737% of their holding); 100% in favour.
  • Public Institutions: 689,148 votes cast (20.7841% of their holding); 100% in favour.
  • Public Non-Institutions: 19,928,929 votes cast (34.0288% of their holding); 99.9994% in favour, 0.0006% against.
  • Result: Passed

Invalid Votes: 0 across all resolutions.

Scrutinizer's Role and Findings

Mr. Haresh Sanghvi, Practicing Company Secretary (FCS 2259/ CoP No. 3675), was appointed to scrutinize the remote e-voting and e-voting at the AGM. His responsibility was to ensure a fair and transparent process and present a consolidated report of votes cast for and against each resolution. He issued a detailed report dated 23rd September 2026, which is being uploaded on the company's website (www.ajmera.com) and the NSDL e-voting website (www.evoting.nsdl.com). The report confirms that all resolutions were passed with the requisite majority.

Compliance Confirmation

The disclosure confirms compliance with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following circulars issued by the Ministry of Corporate Affairs and SEBI.