Meeting Details

The 5th AGM was held on Wednesday, September 30, 2026, from 3:00 PM to 4:05 PM IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) without physical presence of shareholders. E-voting remained open for 15 minutes after the meeting concluded, ending at 4:20 PM IST.

Attendees

Directors and Key Managerial Personnel Present:

  • Mr. Ritesh Shaw, Managing Director & CEO (Registered Office)
  • Mr. Manoj Sharma, Whole-Time Director (Indore)
  • Mrs. Rachna Yadav, Independent Director (Delhi)
  • Mr. Chandan Ghosh, Independent Director (Kolkata)
  • Mr. Harish Ramanna Navarathna, Independent Director (Bangalore)
  • Mr. Pawan Jaiswal, Chief Financial Officer (Asansol)
  • Mr. Shakeel Ahmed, Company Secretary (Registered Office)

Other Representatives Present:

  • Mr. Ritesh Agarwal, Representatives of M/s. Agarwal Khetan & Co, Chartered Accountants, Statutory Auditors (Kolkata)
  • CS Mohit Vanawat, Proprietor, Mohit Vanawat & Associates – Practising Company Secretaries, Secretarial Auditor of the Company (Udaipur)
  • CS Md Shahnawaz, Proprietor, M Shahnawaz & Associates – Practising Company Secretaries, Scrutinizer of the e-voting process (Kolkata)

Resolutions Proposed

Ordinary Business:

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

2. To appoint a Director in place of Mr. Manoj Sharma (DIN: 00348746), Whole-Time Director, who retires by rotation and offers himself for re-appointment (Ordinary Resolution)

Special Business:

3. Change in designation of Mr. Ritesh Shaw (DIN: 02162433) from Whole Time Director to Managing Director (Ordinary Resolution)

4. Enhancement in limits under Section 180(1)(a) of Companies Act, 2013, up to ₹350 Crores (Special Resolution)

5. Enhancement of Borrowing limits from existing limit to revised limit of up to ₹350 Crores under Section 180(1)(c) of Companies Act, 2013 (Special Resolution)

6. Appointment of M/s. Mohit Vanawat & Associates (Membership No. F-11834, CP No. 16528) as Secretarial Auditor (Ordinary Resolution)

Voting Process

  • Remote e-voting facility was provided to all members from September 27, 2026 to September 29, 2026
  • Voting rights were proportional to equity shares held as on cut-off date September 23, 2026
  • National Securities Depository Limited (NSDL) was engaged for e-voting services
  • Mr. Md. Shahnawaz was appointed as scrutinizer to scrutinize the entire voting process
  • 30 members were present through video conferencing/audio-visual means
  • Quorum was present throughout the meeting

Compliance and Reporting

The meeting was conducted in compliance with circulars issued by Ministry of Corporate Affairs and SEBI, and provisions of Companies Act, 2013 and SEBI Listing Regulations. The voting results were to be submitted to stock exchanges within two working days of conclusion of AGM and placed on company website.