Meeting Details
- Date: Friday, July 31, 2026
- Time: Commenced at 03:30 PM IST and concluded at 04:24 PM IST
- Venue: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Type: Annual General Meeting
Proposed Resolutions and Implications
The AGM considered 11 resolutions covering ordinary and special business:
Ordinary Business
1. Adoption of audited standalone and consolidated financial statements for FY 2025-26 along with reports of Board of Directors and Auditors (Ordinary Resolution)
2. Re-appointment of Mr. Bhavik Jayesh Khara (DIN: 09095925) as Director liable to retire by rotation (Ordinary Resolution)
3. Appointment of M/s. M S K C & Associates LLP, Chartered Accountants (Firm Registration No.: 001595S/S000168) as Statutory Auditors and fixation of their remuneration (Ordinary Resolution)
Special Business
4. Increase borrowing limits under Section 180(1)(c) of Companies Act, 2013 to ₹2,000 Crores outstanding at any point (Special Resolution)
5. Authorization to sell, lease or dispose of undertaking or create charge/lien/pledge over assets under Section 180(1)(a) to secure borrowings (Special Resolution)
6. Enhancement of limits for loans, guarantees, or security provision under Section 185 (Special Resolution)
7. Increase limits of Inter Corporate Loan, Investment, Guarantee and Security under Section 186 to ₹2,000 Crores outstanding at any point (Special Resolution)
8. Approval of Material Related Party Transactions with Buildmex-Infra Private Limited, a subsidiary (Ordinary Resolution)
9. Revision in remuneration payable to Mr. Ronak Kishor Morbia (DIN: 09062500), Chairman & Managing Director (Special Resolution)
10. Revision in remuneration payable to Mr. Bhavik Jayesh Khara (DIN: 09095925), Whole Time Director & CFO (Special Resolution)
11. Payment of remuneration to Non-Executive Directors including Independent Directors (Special Resolution)
Voting Process and Methods
The voting process included:
- Remote e-voting: Available from July 28, 2026 (09:00 AM IST) to July 30, 2026 (05:00 PM IST)
- E-voting during AGM: Facility provided for shareholders who had not voted remotely
- Additional voting time: The e-voting facility remained open for an additional 15 minutes after the Q&A session
Key Voting Outcomes and Scrutinizer Details
- Mr. Dhrumil M. Shah of M/s. Dhrumil M. Shah & Co. LLP (Certificate of Practice No. 8978) was appointed as scrutinizer
- The scrutinizer was responsible for scrutinizing both remote e-voting and e-voting during the meeting in a fair and transparent manner
- The actual voting results and Consolidated Scrutinizer's Report were not included in this document and were to be intimated separately
Compliance and Regulatory Framework
The meeting was conducted in compliance with:
- Applicable circulars from Ministry of Corporate Affairs and Securities and Exchange Board of India
- Provisions of Companies Act, 2013 and Rules framed thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Signatories and Roles
- Ronak Kishor Morbia: Chairman and Managing Director (DIN: 09062500)
- The document was digitally signed by Ronak Kishor Morbia on July 31, 2026, at 16:54:49 +05:30 from Mumbai
Additional Proceedings
- The meeting was chaired by Mr. Ronak Kishor Morbia who welcomed shareholders and confirmed quorum presence
- Shareholders were briefed on company's business affairs and FY 2025-26 performance highlights
- A Q&A session was conducted where shareholders asked questions about the company's business, which were duly addressed
- The document explicitly states it does not constitute the formal minutes of the AGM