Meeting Details

The 34th Annual General Meeting was held on Saturday, September 19, 2026, from 12:00 PM to 12:33 PM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs directions.

Record Date and Shareholding

Record date was set as September 12, 2026, with total shareholders numbering 13,983. Total outstanding shares stood at 168,722,482.

Attendance

  • Promoters and Promoter Group: 8 attendees via video conferencing
  • Public shareholders: 40 attendees via video conferencing
  • No shareholders attended in person or through proxy

Voting Results Overview

Three resolutions were passed with the following results:

Resolution 1: Adoption of Financial Statements

  • Ordinary resolution passed with 100% approval
  • Total votes polled: 136,815,535 (81.0891% of outstanding shares)
  • Votes in favor: 136,815,535 (100%)
  • Votes against: 0

Resolution 2: Re-appointment of Director Jatin M. Shah (DIN: 00182683)

  • Ordinary resolution passed with 100% approval
  • Total votes polled: 136,815,535 (81.0891% of outstanding shares)
  • Votes in favor: 136,815,535 (100%)
  • Votes against: 0
  • Promoter/promoter group was interested in this resolution

Resolution 3: Ratification of Cost Auditor Remuneration (M/s. Ashish Bhavsar and Associates)

  • Ordinary resolution passed with 99.9999% approval
  • Total votes polled: 136,815,535 (81.0891% of outstanding shares)
  • Votes in favor: 136,815,435 (99.9999%)
  • Votes against: 100 (0.0001%)
  • Promoter/promoter group was not interested in this resolution

Category-wise Voting Breakdown

Promoter and Promoter Group

  • Shares held: 117,721,194
  • Votes polled: 117,721,194 (100% participation)
  • All votes (100%) in favor of all three resolutions

Public Institutions

  • Shares held: 1,970,393
  • Votes polled: 19,207 (0.9748% participation)
  • All votes (100%) in favor of all three resolutions

Public Non-Institutions

  • Shares held: 49,030,895
  • Votes polled: 19,075,134 (38.9043% participation)
  • Nearly unanimous approval with only 100 votes against Resolution 3

Scrutinizer Details

  • Name: Kamlesh M. Shah
  • Firm: Kamlesh M. Shah and Company
  • Qualification: Company Secretary (Membership Number: A8356)
  • Appointment date: August 11, 2026
  • Report issuance date: September 21, 2026
  • UDIN: A008356H001546851

E-Voting Process

  • Remote e-voting period: September 16-18, 2026 (9:00 AM to 5:00 PM IST)
  • E-voting during AGM: September 19, 2026, closed at 12:48 PM IST
  • Voting service provider: National Securities Depository Limited (NSDL)
  • Results unblocked: September 21, 2026, at 12:37 PM IST
  • Witnesses: Mr. Anish V Shah and Mr. Praful Lavantra (non-employees)

Financial Impact

No specific financial impact quantified in the disclosure. The resolutions relate to corporate governance matters including approval of financial statements, director appointment, and auditor remuneration ratification.