AGM Details

The 31st Annual General Meeting was held on Wednesday, 16th September 2026 at 12:00 p.m. (IST) through Video Conferencing/Other Audio Visual Means without physical presence of members. The meeting was conducted in compliance with MCA General Circular No. 03/2025 dated 22nd September 2025 and SEBI circulars.

The Registered Office at 8th Floor, Shaligram Corporates, C.I. Marg, Ambli, Ahmedabad - 380058, Gujarat, India served as the deemed venue.

Voting Process

Remote e-voting facility was provided by CDSL Limited from 13th September 2026 (9:00 a.m.) to 15th September 2026 (5:00 p.m.). E-voting facility was also available during the AGM for members who had not voted remotely.

The cut-off date for determining voting eligibility was 9th September 2026. There were 12,548 shareholders on the cut-off date. 34 shareholders attended the meeting through VC/OAVM (1 Promoter & Promoter Group, 33 Public).

Scrutinizer Appointment

The Board appointed Kashyap R. Mehta & Partners (Mr. Kashyap R. Mehta, Membership No. FCS 1821 and failing him, Mr. Yash K. Mehta, Membership No. ACS 43020) as Scrutinizer to scrutinize the voting process.

Voting Results

All five resolutions proposed in the AGM notice dated 5th August 2026 were passed:

Resolution 1: Ordinary Resolution

  • To receive, consider and adopt Audited Financial Statements for FY ended 31st March 2026 and Reports of Board of Directors and Statutory Auditors
  • Votes in Favor: 2,50,03,297 shares (100.00%)
  • Votes Against: 1 share (Negligible)

Resolution 2: Ordinary Resolution

  • To appoint director in place of Shri Nimesh P Patel (DIN: 09044772) who retires by rotation
  • Votes in Favor: 2,49,86,023 shares (99.93%)
  • Votes Against: 17,275 shares (0.07%)

Resolution 3: Ordinary Resolution

  • To appoint the Secretarial Auditor of the company for a term of 5 consecutive years
  • Votes in Favor: 2,50,03,297 shares (100.00%)
  • Votes Against: 1 share (Negligible)

Resolution 4: Ordinary Resolution

  • To ratify the remuneration of cost auditor for FY 2026-27
  • Votes in Favor: 2,50,03,178 shares (100.00%)
  • Votes Against: 120 shares (Negligible)

Resolution 5: Special Resolution

  • To approve the revision in remuneration payable to Shri Bhavesh Girishbhai Patel, Managing Director of the Company
  • Votes in Favor: 1,86,70,880 shares (100.00%)
  • Votes Against: 239 shares (Negligible)

Detailed Voting Breakdown

Total outstanding shares: 3,88,29,351

Total votes polled: 2,50,03,298 shares (64.39% of outstanding shares)

Resolution 2 Breakdown:

  • Promoter & Promoter Group (24,773,860 shares): 22,233,791 votes in favor (100%), 0 against
  • Public Institutions (4,748,050 shares): 1,987,784 in favor (99.14%), 17,155 against (0.86%)
  • Public Non-Institutions (9,307,441 shares): 764,448 in favor (99.98%), 120 against (0.02%)

Resolution 4 Breakdown:

  • Public Non-Institutions: 764,448 in favor (99.98%), 120 against (0.02%)

Resolution 5 Breakdown:

  • Total votes polled: 1,86,71,119 shares (48.09% of outstanding shares)
  • Promoter & Promoter Group: 15,901,612 votes in favor (100%), 0 against
  • Public Institutions: 2,004,939 votes in favor (100%), 0 against
  • Public Non-Institutions: 764,329 votes in favor (99.97%), 239 against (0.03%)

Scrutinizer Report

The Scrutinizer submitted the report on 16th September 2026. The e-voting results were unblocked in the presence of two independent witnesses: Mr. Bandish Rana and Mr. Qaisar Abbas Bukhari.

All voting records and relevant papers were handed over to the Company Secretary for safe keeping.