Meeting Details

The 7th Annual General Meeting was held on Tuesday, September 22, 2026 at 12:30 p.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting concluded at 01:14 p.m. (IST), with the e-voting period ending at 01:44 p.m. (IST). The deemed venue was the registered office of the Company at 4th Floor, A Wing, Allcargo House, CST Road, Kalina, Santacruz (East), Vidyanagari, Mumbai, Maharashtra, India, 400098.

Proposed Resolutions and Implications

Four resolutions were proposed for shareholder approval:

1. Ordinary Resolution: To receive, consider and adopt: a) the Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors; and b) the Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Ordinary Resolution: To appoint Mr Kaiwan Dossabhoy Kalyaniwalla (DIN: 00060776) as Director who retires by rotation and offers himself for re-appointment

3. Ordinary Resolution: To appoint Mr Pranav Choudhary (DIN: 08123475) as a Director of the Company

4. Special Resolution: To appoint and fix Remuneration of Mr Pranav Choudhary (DIN: 08123475) as Managing Director (Key Managerial Personnel)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available through NSDL platform from Thursday, September 17, 2026 at 09:00 a.m. (IST) to Monday, September 21, 2026 at 05:00 p.m. (IST)
  • E-voting during AGM: Facility kept open for 30 minutes post conclusion of AGM (until 01:44 p.m. IST) for members who hadn't voted remotely

Record date for voting eligibility was September 15, 2026, with 72,697 shareholders on record date.

Key Voting Outcomes

Overall Participation

  • Total shares outstanding: 252,060,324
  • Total votes polled: 186,913,746 (74.1544% of outstanding shares)
  • 4 promoter group members and 50 public shareholders attended via video conferencing

Resolution-wise Results:

Resolution 1 (Ordinary - Financial Statements Adoption)

  • Total votes in favor: 186,912,618 (99.9994%)
  • Votes against: 1,128 (0.0006%)
  • Promoter & Promoter Group: 165,902,939 votes (100% in favor)
  • Public Institutions: 13,421,512 votes (100% in favor)
  • Public Non-Institutions: 7,589,295 votes (99.9851% in favor, 0.0149% against)

Resolution 2 (Ordinary - Re-appointment of Mr Kalyaniwalla)

  • Total votes in favor: 186,778,807 (99.9278%)
  • Votes against: 134,939 (0.0722%)
  • Promoter & Promoter Group: 165,902,939 votes (100% in favor)
  • Public Institutions: 13,421,512 votes (99.0277% in favor, 0.9723% against)
  • Public Non-Institutions: 7,589,295 votes (99.9415% in favor, 0.0585% against)

Resolution 3 (Ordinary - Appointment of Mr Choudhary as Director)

  • Total votes in favor: 186,674,843 (99.8722%)
  • Votes against: 238,903 (0.1278%)
  • Promoter & Promoter Group: 165,902,939 votes (100% in favor)
  • Public Institutions: 13,421,512 votes (98.2446% in favor, 1.7554% against)
  • Public Non-Institutions: 7,589,295 votes (99.9565% in favor, 0.0435% against)

Resolution 4 (Special - Appointment as Managing Director)

  • Total votes in favor: 186,673,781 (99.8715%)
  • Votes against: 240,164 (0.1285%)
  • Promoter & Promoter Group: 165,902,939 votes (100% in favor)
  • Public Institutions: 13,421,512 votes (98.2446% in favor, 1.7554% against)
  • Public Non-Institutions: 7,589,494 votes (99.9399% in favor, 0.0601% against)

Scrutinizer's Role and Findings

Mr Pramod S Shah of M/s Pramod S Shah & Associates, Practicing Company Secretaries (Membership No: F334) was appointed as Scrutinizer at the Board Meeting dated August 11, 2026. The scrutinizer:

  • Verified the remote e-voting process before AGM and e-voting during AGM
  • Confirmed compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Received electronic voting data from NSDL and scrutinized the votes cast
  • Submitted the consolidated report on September 22, 2026
  • Confirmed all resolutions passed with requisite majority (all exceeding 99% in favor)
  • Reported no invalid votes across all resolutions

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular No. 03/2025 dated September 22, 2025
  • SEBI Circular No. SEBI/HO/CFD/PoD-2/P/OR/2023/4 dated January 05, 2023
  • Other applicable circulars and regulations

Additional Information

The Register of Directors & Key Managerial Personnel and their Shareholding and Register of Contract or arrangement in which Directors are interested were made available for inspection through electronic mode. The Auditor's Report on Standalone and Consolidated Financial Statements for FY ended March 31, 2026 contained no qualifications, reservations, or adverse remarks.