AGM Details

The 9th Annual General Meeting will be held on Tuesday, August 25, 2026 at 02:00 P.M. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM). The deemed venue is the Registered Office at Behind 66 KV Elec. Sub-Station, Odhav Road, Ahmedabad-382415.

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

2. To declare dividend on Equity Shares

3. To appoint Punit S. Lalbhai (DIN 05125502) as Director who retires by rotation and offers himself for re-appointment

Special Business

4. Ratification of Remuneration to Cost Auditor: Ordinary Resolution to ratify remuneration of ₹35,000/- plus applicable taxes and reimbursement of expenses to M/s. Maulin Shah & Associates, Cost Accountants, Ahmedabad for conducting cost audit for FY 2026-27. The appointment was made by the Board on May 28, 2026.

5. Payment of remuneration to Non-Executive Directors: Special Resolution to approve payment of commission to Non-Executive Directors (excluding Managing Director and Whole-time Directors) not exceeding 1% of Net Profits computed under Section 198 of Companies Act, 2013 for period of 5 years from April 1, 2026 to March 31, 2031. In case of no profits or inadequate profits, remuneration not to exceed ₹1,00,00,000/- (One Crore) per financial year. No single Non-Executive Director shall receive more than 50% of total commission without specific shareholder approval.

Dividend Information

  • Record Date for dividend entitlement: Friday, August 14, 2026
  • Dividend payment within thirty days of AGM date, subject to TDS deductions
  • SEBI mandate requires physical shareholders to update KYC details (PAN, Contact Details, Mobile Number, Bank Account Details, Signature) for electronic dividend payment
  • Unclaimed dividends for FY 2018-19 to 2024-25 will be transferred to Investor Education and Protection Fund (IEPF) after 7 years

Financial Information (From Explanatory Statement)

FY 2025-26 Financial Performance:

  • Standalone Sales & Other Income: ₹79,273.59 lakhs
  • Consolidated Sales & Other Income: ₹82,541.79 lakhs
  • Standalone EBIDTA: ₹16,919.48 lakhs
  • Consolidated EBIDTA: ₹17,416.22 lakhs
  • Standalone PAT: ₹10,774.64 lakhs
  • Consolidated PAT: ₹11,039.24 lakhs

Director Information

Punit Lalbhai (DIN: 05125502):

  • Date of Birth: March 12, 1982 (44 years)
  • Nationality: Indian
  • First appointment: October 25, 2017
  • Qualifications: B.Sc. (Conservative Biology), MES (Environmental Science), MBA (Strategy & General Management)
  • FY 2025-26 Remuneration: Commission ₹22,00,000/-, Sitting Fee ₹4,00,000/-
  • Shareholding: 274 shares (as on notice date)
  • Board Meetings attended: 4
  • Holds directorships in Arvind Limited, Arvind Smartspaces Limited, Arvind Fashions Limited, Deepak Nitrite Limited, and several unlisted companies

Voting Arrangements

  • Remote e-Voting period: August 22, 2026 (9:00 AM) to August 24, 2026 (5:00 PM) through NSDL
  • Cut-off date for voting rights: Tuesday, August 18, 2026
  • Scrutiniser: M/s ALAP & Co. LLP, Practicing Company Secretaries, Ahmedabad
  • Results to be declared within two working days post-AGM and submitted to BSE and NSE

Shareholder Services

  • Members holding physical shares must dematerialize holdings as physical transfers discontinued since April 1, 2021
  • Bonus shares for physical holders credited to separate demat Escrow account
  • KYC details must be updated for dividend payments and share transactions
  • RTA: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)

Virtual Meeting Instructions

  • Members can join meeting 15 minutes before scheduled time via NSDL e-Voting system
  • Facility available for 1000 members on first-come-first-served basis (exceptions for large shareholders, promoters, institutional investors)
  • Members must register by August 18, 2026 to ask questions during AGM