Meeting Details

  • Meeting Type: 31st Annual General Meeting
  • Date: Wednesday, 30th September 2026
  • Time: 02:00 PM IST
  • Location: Lemon Tree Premier (Malad Mumbai), Mind Space, Behind Inorbit Mall, Malad West, Mumbai-400064, Maharashtra, India

Proposed Resolutions and Implications

Seven resolutions were considered at the AGM:

Ordinary Business:

1. Resolution 1: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereon

2. Resolution 2: To appoint a director in place of Mr. Parth Rajeshbhai Rupareliya [DIN: 10703133], Managing Director, who retires by rotation and offers himself for re-appointment

3. Resolution 3: To appoint M/s Bilimoria Mehta & Co., Chartered Accountants (FRN: 101490W), as Statutory Auditor for a period of five years

Special Business:

4. Resolution 4: To appoint M/s. Pooja M Patel & Associates Practicing Company Secretary as Secretarial Auditor for the first term of five years

5. Resolution 5: To regularize Mr. Vishnu Deepakbhai Rupareliya [DIN: 11800899] as Executive (Non-Independent) Director

6. Resolution 6: To approve the appointment of Mr. Parth Rajeshbhai Rupareliya [DIN: 10703133] as Managing Director & Chairperson & Key Managerial Person for a term of 5 years

7. Resolution 7: To approve the appointment of Mr. Krunal Shaileshbhai Hapliya [DIN: 11923545] as Non-Executive Independent Director (Special Resolution)

Voting Process and Methods

The Company provided remote e-voting facility through National Securities Depository Limited (NSDL) as service provider:

  • Remote e-voting period: Sunday, 27th September 2026 at 9:00 AM to Tuesday, 29th September 2026 at 5:00 PM
  • Cut-off date: Wednesday, 23rd September 2026 for determining voting entitlements
  • Physical voting: Members present at the AGM could cast votes through ballot voting
  • Scrutinizer: Pooja M Patel, Proprietor of M/s. Pooja M Patel & Associates, Practicing Company Secretary

Key Voting Outcomes

Resolution 1 - Adoption of Financial Statements

  • Total votes cast: 160,838,568 (63.39% of outstanding shares)
  • In favor: 160,838,118 votes (99.9997% of votes polled)
  • Against: 450 votes (0.0003% of votes polled)
  • Result: Passed

Resolution 2 - Reappointment of Parth Rupareliya

  • Total votes cast: 70,208,879 (27.67% of outstanding shares)
  • In favor: 70,208,429 votes (99.9994% of votes polled)
  • Against: 450 votes (0.0006% of votes polled)
  • Promoter group: Abstained due to interest in resolution (90,629,689 votes considered invalid)
  • Result: Passed

Resolution 3 - Appointment of Statutory Auditor

  • Total votes cast: 160,838,568 (63.39% of outstanding shares)
  • In favor: 160,837,889 votes (99.9996% of votes polled)
  • Against: 679 votes (0.0004% of votes polled)
  • Result: Passed

Resolution 4 - Appointment of Secretarial Auditor

  • Total votes cast: 160,838,568 (63.39% of outstanding shares)
  • In favor: 160,837,889 votes (99.9996% of votes polled)
  • Against: 679 votes (0.0004% of votes polled)
  • Result: Passed

Resolution 5 - Regularization of Vishnu Rupareliya

  • Total votes cast: 70,208,879 (27.67% of outstanding shares)
  • In favor: 70,208,200 votes (99.9990% of votes polled)
  • Against: 679 votes (0.0010% of votes polled)
  • Promoter group: Abstained due to interest in resolution (90,629,689 votes considered invalid)
  • Result: Passed

Resolution 6 - Appointment of Parth Rupareliya as MD

  • Total votes cast: 70,208,879 (27.67% of outstanding shares)
  • In favor: 70,208,200 votes (99.9990% of votes polled)
  • Against: 679 votes (0.0010% of votes polled)
  • Promoter group: Abstained due to interest in resolution (90,629,689 votes considered invalid)
  • Result: Passed

Resolution 7 - Appointment of Independent Director

  • Total votes cast: 160,838,568 (63.39% of outstanding shares)
  • In favor: 160,837,889 votes (99.9996% of votes polled)
  • Against: 679 votes (0.0004% of votes polled)
  • Result: Passed

Participation Breakdown by Shareholder Category

Promoter and Promoter Group

  • Shares held: 94,511,273
  • Voting participation: 95.8930% on Resolution 1 and 3 where not conflicted
  • Abstained: On resolutions where interested (Resolutions 2, 5, 6)

Public Institutions

  • Shares held: 0
  • No participation in voting

Public Non-Institutions

  • Shares held: 159,219,287
  • Voting participation: 44.0957% across resolutions

Scrutinizer's Role and Findings

Pooja M Patel was appointed as Scrutinizer to scrutinize the remote e-voting and ballot voting process. Key findings:

  • Remote e-voting was conducted through NSDL from September 27-29, 2026
  • Votes were unblocked in the presence of two witnesses on September 30, 2026 after meeting conclusion
  • All resolutions passed with requisite majority
  • Invalid votes were recorded only where promoters had interest in resolutions (90,629,689 votes across Resolutions 2, 5, and 6)
  • No other invalid votes were recorded

Compliance Confirmation

The voting process was conducted in compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA circulars on remote e-voting

Additional Information

  • Total outstanding shares: 253,730,560
  • Remote e-voting participation: 36 shareholders casting 147,454,226 votes (91.68% of total valid votes)
  • Physical polling participation: 46 shareholders casting 13,383,892 votes (8.32% of total valid votes)
  • The scrutinizer handed over all voting records to the company secretary for safekeeping