Meeting Details

The 37th AGM was held on Monday, September 21, 2026 at 2:30 PM through Video Conferencing. The meeting ended at 3:23 PM. Record date for shareholder eligibility was September 14, 2026, with 101,065 shareholders on record.

Attendance

  • 71 shareholders attended through video conferencing
  • Promoters and promoter group: 14 attendees
  • Public shareholders: 57 attendees

Scrutinizer Details

  • Name: Hemang Mehta
  • Firm: H M Mehta & Associates
  • Qualification: Company Secretary (CS)
  • Membership Number: 4965
  • Appointment Date: May 28, 2026
  • Report Issuance Date: September 22, 2026

Voting Results Summary

Total outstanding shares: 41,872,337

Total valid votes cast: 36,222,065 (86.506% of outstanding shares)

Resolution-wise Results

Resolution 1: Ordinary Resolution

To receive, consider and adopt audited financial statements for FY 2025-26

  • Total votes cast: 36,220,304 (remote e-voting) + 1,761 (e-voting during AGM) = 36,222,065
  • Votes in favor: 36,220,264 (remote) + 1,761 (AGM) = 36,222,025 (100.00%)
  • Votes against: 40 (0.00%)
  • Result: Passed

Resolution 2: Ordinary Resolution

To declare dividend at rate of ₹60 (600%) per equity share of face value ₹10 each for FY 2025-26

  • Total votes cast: 36,236,608 (remote) + 1,761 (AGM) = 36,238,369
  • Votes in favor: 36,236,573 (remote) + 1,761 (AGM) = 36,238,334 (100.00%)
  • Votes against: 35 (0.00%)
  • Result: Passed

Resolution 3: Ordinary Resolution

To appoint Mr. Chaitanya Narendra Desai (DIN: 00008091) as director who retires by rotation

  • Total votes cast: 36,235,038 (remote) + 1,761 (AGM) = 36,236,799
  • Votes in favor: 35,170,781 (remote) + 1,761 (AGM) = 35,172,542 (97.06%)
  • Votes against: 1,064,257 (2.94%)
  • Result: Passed

Resolution 4: Ordinary Resolution

Payment of remuneration to Cost Auditors for FY 2026-2027

  • Total votes cast: 36,235,038 (remote) + 1,761 (AGM) = 36,236,799
  • Votes in favor: 36,234,947 (remote) + 1,761 (AGM) = 36,236,708 (99.9997%)
  • Votes against: 91 (0.0003%)
  • Result: Passed

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 23,204,303
  • Votes polled: 23,204,303 (100% of shares held)
  • All votes cast in favor of all resolutions (100% approval)

Public Institutions

  • Shares held: 15,182,947
  • Votes polled: 13,008,557 (85.6787% of shares held)
  • Nearly unanimous approval across all resolutions

Public Non-Institutions

  • Shares held: 3,485,087
  • Votes polled: 9,205 (0.2641% of shares held)
  • Minor opposition on resolutions 3 and 4

Scrutinizer Process

Remote e-voting was conducted through CDSL's platform from September 17, 2026 (10:00 Hours) to September 20, 2026 (17:00 Hours). The voting data was unblocked after the AGM in the presence of two independent witnesses: Mrs. Kinjal Thakur and Mr. Burhanuddin Bhotvawala. No votes were declared invalid.

Document References

  • Filed pursuant to SEBI LODR Regulation 44
  • Scrutinizer report prepared under Section 108 of Companies Act, 2013
  • Notice dated May 28, 2026 sent to shareholders on August 25, 2026
  • Advertisements published in Business Standard and Vadodara Samachar newspapers on August 21 and August 26, 2026