Meeting Details

  • Date: Thursday, September 24, 2026
  • Time: 11:30 AM to 11:55 AM (IST)
  • Venue: Ebony Ballroom, 'The Regenza' Tunga, Plot No. 37, Sector 30A, Vashi, Navi Mumbai – 400703
  • Type: 43rd Annual General Meeting

Proposed Resolutions and Implications

The following business items were transacted at the meeting:

Ordinary Business

1. Receipt, consideration, and adoption of Audited Financial Statements (Stand-alone and Consolidated) for the financial year ended March 31, 2026, along with Reports of Directors and Auditors

2. Declaration of Final Dividend of ₹0.25 per Equity Share for Financial Year 2025-26

3. Re-appointment of Mr. Nimish Shah (DIN: 03036904) who retired by rotation (Mr. Shah recused himself from this agenda item)

4. Appointment of M/s. K J K & Associates, Chartered Accountants (Firm Registration No. 112159W) as Statutory Auditors

Special Business

5. Change in Designation of Mr. Parth Chhajer (DIN: 06646333) from Whole-time Director to Joint Managing Director (Mr. Chhajer recused himself)

6. Change in Designation of Mr. Bhavik Chhajer (DIN: 08475397) from Whole-time Director to Joint Managing Director (Mr. Chhajer recused himself)

7. Regularization of appointment of Dr. Raghuveer Singh Rajpurohit (DIN: 11650118) as non-executive Independent Director

8. Maintenance of Registers of Members at a place other than the Registered Office of the Company

9. Approval of proposed Material Related Party Transactions for Financial Year 2026-27 (Mr. Ashokkumar B. Chhajer, Mr. Parth Chhajer, and Mr. Bhavik Chhajer recused themselves; Mr. Pramod Deshpande chaired this item)

Voting Process

The Company engaged National Securities Depository Limited (NSDL) to provide:

  • Remote e-voting facility
  • E-voting during the AGM
  • Facility for participation in AGM at a venue other than Registered Office

Members who attended the AGM and could not cast their vote by remote e-voting were provided an opportunity to cast their vote through e-voting (Insta Poll) at the AGM.

Scrutinizer Appointment

The Board appointed Ms. Rachana Shanbhag of M/s. D. A. Kamat & Co., Company Secretaries in Practice, as Scrutinizer to oversee the e-voting during the AGM and remote e-voting process in a fair and transparent manner.

Key Meeting Statistics

  • Total members present: 97
  • Meeting duration: 25 minutes (11:30 AM to 11:55 AM IST)
  • Quorum was present throughout the meeting

Compliance Statement

The meeting was conducted as permitted by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) and in accordance with applicable provisions of the Companies Act, 2013 and rules made thereunder.

Additional Information

  • The Scrutinizer's report along with voting results will be announced not later than 2 working days after conclusion of AGM
  • Results will be intimated to stock exchanges and placed on company website (www.asl.net.in) and NSDL website (www.evoting.nsdl.com)
  • E-voting on NSDL platform continued for another 30 minutes after meeting conclusion to enable members to vote

Attendees

Directors Present

  • Mr. Ashokkumar B. Chhajer (Chairman & Managing Director)
  • Mr. Parth Chhajer (Joint Managing Director)
  • Mr. Bhavik Chhajer (Joint Managing Director)
  • Mr. Nimish Shah (Whole-Time Director)
  • Mr. Pramod Deshpande (Independent Director)
  • Mr. Abodh Khandelwal (Independent Director)
  • Ms. Sheetal Bhilkar (Independent Director)

Invitees Present

  • Mr. Udit Kasera (Chief Financial Officer)
  • CA Sunil Nuwal (representing K J K & Associates, Statutory Auditors)
  • Mr. Bhaskar Upadhyay (representing N L Bhatia & Associates, Secretarial Auditors)
  • All Committee Chairpersons attended the AGM