Meeting Details

The 40th Annual General Meeting was held on 25th June 2026 at 11:00 AM through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in compliance with multiple MCA circulars including General Circulars Nos. 14/2020, 17/2020, 20/2020, 02/2021, 10/2022, 11/2022, 09/2023, 09/2024, and 03/2025, along with provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Attendees

Directors Present:

  • Mr. Atul Choksey (Chairman)
  • Dr. Achala Danait (Independent Director, joined from Chennai)
  • Ms. Priti Savla (Independent Director and Chairperson of Risk Management Committee, joined from Mumbai)
  • Mr. Dinanath Kholkar (Independent Director and Chairman of Nomination & Remuneration Committee, joined from Pune)
  • Mr. Rajendra Mariwala (Independent Director, joined from Mumbai)
  • Mr. Abhiraj Choksey (Vice-Chairman and Managing Director, joined from Corporate Office, Mumbai)
  • Mr. Ravishankar Sharma (Executive Director, joined from Taloja Plant, Navi Mumbai)
  • Mr. Amit Choksey (Non-Independent Director, joined from Mumbai)

Other Key Personnel:

  • Mr. Drigesh Mittal (Company Secretary, joined from Registered Office, Navi Mumbai)
  • Mr. Vivek Thakur (Chief Financial Officer, joined from Registered Office, Navi Mumbai)
  • Mr. Kaushik Patel (Partner, M/s. Manubhai & Shah LLP, Statutory Auditor, joined from Ahmedabad)
  • Ms. Divya Momaya (Partner, D. S. Momaya & Co. LLP, Secretarial Auditor and Scrutinizer, joined from Navi Mumbai)

Members Present: 60 Members attended virtually. The Company received 11 representations under Section 113 of the Companies Act, 2013 covering 10,19,601 shares (1.97% of total share capital).

Voting Procedures

Remote e-voting was conducted on NSDL evoting platform from Monday, 22nd June 2026 (9:00 AM IST) to Wednesday, 24th June 2026 (5:00 PM IST). Electronic voting facility was also available during the meeting for members who had not cast votes through remote e-voting. M/s. D. S. Momaya & Co LLP was appointed as Scrutinizer for both remote e-voting and e-voting at the AGM.

Resolutions Presented

The following seven resolutions were put to vote:

1. Ordinary Resolution: To receive, consider and adopt the Financial Statement for year ended 31st March 2026 with Reports of Board of Directors and Auditor

2. Ordinary Resolution: To declare a final dividend on equity shares for financial year ended 31st March 2026

3. Ordinary Resolution: To appoint Mr. Amit Choksey (DIN: 00001470) who retires by rotation and offers himself for reappointment

4. Special Resolution: Re-Appointment of Mr. Ravishankar Sharma as an Executive Director

5. Special Resolution: To approve continuation of directorship of Mr. Atul Choksey (DIN: 00002102) as Non-Executive Non-Independent Director (designated as Chairman) under Regulation 17(1A) of SEBI LODR

6. Special Resolution: Approval of annual remuneration payable to single Non-Executive Director

7. Ordinary Resolution: Ratification of Remuneration to Cost Auditors

Meeting Proceedings

Mr. Atul Choksey chaired the meeting and provided an overview of the financial performance for FY 2025-26, including operations, dividend, resolutions, and other key achievements. The Chairman and Vice-Chairman & Managing Director addressed queries from registered speaker shareholders. Other suggestions from members were taken on record.

Meeting Duration

The meeting commenced at 11:00 AM and concluded at 11:57 AM (including time allowed for e-voting at AGM).