Meeting Details
The 34th Annual General Meeting was held on Monday, September 28, 2026, through video conference (VC) / other audio-visual means (OAVM) in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and SEBI. The meeting commenced at 12:00 pm and concluded at 12:41 pm.
Proposed Resolutions and Implications
The AGM considered three ordinary business resolutions:
1. To receive, consider and adopt the Standalone Financial Statements as at 31st March, 2026 including the Audited Balance Sheet, Statement of Profit and Loss, and reports of the Board of Directors and Auditors
2. To receive, consider and adopt the Consolidated Financial Statements as at 31st March, 2026 including the Audited Balance Sheet, Statement of Profit and Loss, and reports of the Auditors
3. To appoint a director in place of Mr. Aalok Jayendra Patel (DIN: 02482747) who retires by rotation and offered himself for re-appointment
Promoter/promoter group were not interested in any of the agenda items/resolutions.
Voting Process and Methods
Voting was conducted through:
- Remote e-voting facilitated by National Securities Depository Limited (NSDL)
- E-voting during the AGM
The remote e-voting period remained open from Thursday, September 24, 2026 to Sunday, September 27, 2026 at 05:00 PM. Shareholders holding shares as of the cut-off date Monday, September 21, 2026 were entitled to vote.
Key Voting Outcomes
Overall Participation
- Total number of shareholders as on record date: 33,047
- Shareholders present in meeting in person or proxy: 0
- Shareholders attended through Video Conferencing: 52 (Promoter & Promoter Group: 2, Public: 50)
- Total votes cast: 4,288,515 shares (40.7857% of outstanding shares)
Resolution-wise Results
Resolution 1: Adoption of Standalone Financial Statements
- Total votes in favor: 4,288,450 (99.9985%)
- Votes against: 65 (0.0015%)
- Promoter & Promoter Group: 2,297,459 votes (100% in favor)
- Public Institutions: 646,364 votes (100% in favor)
- Public Non-Institutions: 1,344,692 votes (99.9952% in favor, 0.0048% against)
Resolution 2: Adoption of Consolidated Financial Statements
- Total votes in favor: 4,288,450 (99.9985%)
- Votes against: 65 (0.0015%)
- Promoter & Promoter Group: 2,297,459 votes (100% in favor)
- Public Institutions: 646,364 votes (100% in favor)
- Public Non-Institutions: 1,344,692 votes (99.9952% in favor, 0.0048% against)
Resolution 3: Re-appointment of Director
- Total votes in favor: 4,275,895 (99.7057%)
- Votes against: 12,620 (0.2943%)
- Breakdown by voting method:
- Remote e-voting: 4,287,774 votes cast, 4,275,154 in favor (99.71%), 12,620 against (0.29%)
- E-voting at AGM: 741 votes cast, 741 in favor (100%)
All resolutions were passed with requisite majority.
Scrutinizer's Role and Findings
Mr. Gautam Virsadiya, Practicing Company Secretary (Proprietor of GKV & Associates), was appointed as Scrutinizer. His responsibilities included:
- Scrutinizing votes cast through remote e-voting and e-voting during the AGM
- Providing a consolidated report on voting results
- Confirming no invalid/incomplete votes were found in the e-voting system
- Witnessing the unblocking of votes on September 28, 2026 at around 01:10 pm in the presence of Mr. Parthik Patel and Mrs. Kajal Kanani (not employed by the company)
The scrutinizer confirmed all resolutions passed with requisite majority and forwarded electronic records to the Company Secretary.
Compliance Confirmation
The company confirmed compliance with:
- Regulation 44(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
- Relevant circulars issued by Ministry of Corporate Affairs and SEBI
- Section 108 & 109 of the Companies Act, 2013
- Rule 20(4)(xii) & Rule 21(2) of the Companies (Management and Administration) Rules, 2014
- Secretarial Standard-I on General Meetings issued by ICSI