Meeting Details
- Meeting Type: 66th Annual General Meeting (AGM)
- Date: Wednesday, 12th August, 2026
- Time: 04:00 PM (IST)
- Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Deemed Venue: Registered Office at 3-A, Shivsagar Estate, North Wing, Dr. Annie Besant Road, Worli, Mumbai – 400 018
- Record Date: Thursday, 6th August, 2026 to Wednesday, 12th August, 2026 (both days inclusive) for determining eligibility for dividend and voting
Proposed Resolutions and Implications
Ordinary Business
Item No. 1: Adoption of Audited Financial Statements for the financial year ended 31st March, 2026, together with Reports of Board of Directors and Auditors.
Item No. 2: Declaration of Dividend of ₹1.50 per Equity Share of face value ₹5 each for Financial Year 2025-26 (30% dividend yield).
Item No. 3: Re-appointment of Mr. Bipin Nemchand Shah (DIN: 00083244) as Director retiring by rotation under Section 152(6) of Companies Act, 2013.
Item No. 4: Re-appointment of Mr. Arun Lalchand Todarwal (DIN: 00020916) as Director retiring by rotation under Section 152(6) of Companies Act, 2013.
Special Business
Item No. 5: Ordinary Resolution to ratify remuneration of up to ₹1,50,000 plus applicable tax and expenses payable to Mr. Ankit Kishor Chande, Cost Accountant (Certificate of Practice No. 34051), for conducting cost audit of Bulk Drugs records for FY 2026-27.
Item No. 6: Special Resolution to approve revision in remuneration of Mr. Ritesh B. Shah (DIN: 02496729), Joint Managing Director, effective 1st April, 2026:
- Monthly CTC: ₹4,10,000 with increments up to ₹5,00,000 per month
- Commission: Up to 0.50% of net profit before tax
- Benefits: Medical reimbursement, LTC, insurance, entertainment expenses
- Provident Fund and Gratuity as per company rules
- Car with driver and telephone at residence
- Leave encashment at end of service
Item No. 7: Special Resolution to approve identical revision in remuneration of Mr. Vivek Shah (DIN: 02878724), Joint Managing Director, with same terms and conditions as Item No. 6.
Item No. 8: Special Resolution to adopt new Memorandum of Association in conformity with Companies Act, 2013, replacing existing MOA based on Companies Act, 1956.
Item No. 9: Special Resolution to adopt new Articles of Association in conformity with Companies Act, 2013, replacing existing AOA based on Companies Act, 1956.
Voting Process and Methods
- Remote e-voting period: Sunday, 9th August, 2026 (9:00 AM) to Tuesday, 11th August, 2026 (5:00 PM)
- Cut-off date: 5th August, 2026 for determining voting eligibility
- Service provider: Bigshare Services Pvt. Ltd. through CDSL and NSDL systems
- Meeting day voting: Ballot paper facility available at deemed venue for members attending via VC/OAVM who haven't voted remotely
- Scrutinizer: Mr. Pramod S. Shah, Partner of Pramod S. Shah & Associates, Company Secretary in Practice (FCS: 334, COP: 3804)
Compliance with Laws and Regulations
The notice confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 and relevant rules
- MCA Circulars dated September 22, 2025, and subsequent circulars permitting VC/OAVM meetings
- Secretarial Standard on General Meetings (SS-2)
- Income Tax Act, 1961 provisions for TDS on dividend payments
Signatories and Roles
- Company Secretary & Compliance Officer: Mr. Manan Jayesh Vadhan (digitally signed the submission to exchanges)
- Board of Directors: Authorized various directors and company secretary to implement resolutions
Additional Financial and Procedural Information
- Dividend will be paid through NACH facility to shareholders on record date
- TDS will be applicable on dividend payments as per Income Tax Act provisions
- Members must update PAN details for TDS purposes
- Unclaimed dividends for seven years will be transferred to Investor Education and Protection Fund (IEPF)
- The company encourages dematerialization of shares and provides detailed instructions for e-voting
- The AGM will follow MCA Circulars permitting virtual meetings without physical attendance
- Explanatory statements for special business are provided as required under Section 102 of Companies Act, 2013