Board Meeting Outcomes

1. Routine Matters

The Board noted the minutes of the previous board meeting and reviewed the compliance report, investor grievance status, and shareholding pattern for the quarter ended June 30, 2026.

2. Annual General Meeting Arrangements

The Board approved and adopted the notice of the 44th Annual General Meeting for FY 2025-26 along with explanatory statements. The AGM will be held through Video Conferencing (VC) / Other Audio Visual Means (OAVM).

3. Share Transfer Book Closure

4. Voting Cutoff Date

In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management & Administration) Rules, 2014, the cutoff date to record member entitlement to cast votes for the AGM businesses is fixed as August 19, 2026.

5. Scrutinizer Appointment

The Board approved the appointment of Ms. Binu H Singh (Membership No: 32440), Proprietor of M/s Binu Singh, Practicing Company Secretary (COP No: 13806) as Scrutinizer for e-voting at the 44th Annual General Meeting.

6. Director Reappointment

The Board considered and approved the reappointment of Mrs. Priyadarshani Babel (DIN 06941999), who retires by rotation under Section 152 of Companies Act, 2013 and offered herself for reappointment.

7. Independent Director Ratification

The Board ratified the appointment of Mr. Ravi Jitendra Modi (DIN: 10932249) as a Non-Executive Independent Director for a period of 5 years.

Director Profile Details

Mrs. Priyadarshani Babel (DIN: 06941999)

  • Category: Non-Executive Director
  • Date of Birth: May 14, 1988 (Age: 38 years)
  • Qualifications: Masters of Arts
  • Nature of Expertise: Marketing and admin activities
  • First Appointment: August 12, 2014
  • Terms: Reappointed through Board Resolution dated July 24, 2026, liable to retire by rotation
  • Remuneration: Sitting fee of ₹4,000 per Board/Committee meeting
  • Shares Held: 4,850 shares in the company
  • Relationship: Wife of Mr. Deepak Kumar Babel
  • Board Meetings Attended: 5 in FY 2025-26
  • Other Directorships: Manasvini Trading Private Ltd (CIN: U52399MH2012PTC231707)
  • Committee Memberships: 2 committees
  • Past Resignations: None in listed entities in past three years

Mr. Ravi Jitendra Modi (DIN: 10932249)

  • Category: Non-Executive Independent Director
  • Date of Birth: May 18, 1986 (Age: 40 years)
  • Qualifications: Chartered Accountant
  • Nature of Expertise: Accounting, Audit, Finance and Taxation
  • First Appointment: May 31, 2026
  • Terms: Appointed for 5 years through Board Resolution dated May 31, 2026
  • Remuneration: Sitting fee of ₹4,000 per Board/Committee meeting
  • Shares Held: Nil
  • Relationship: No relationship with other directors/KMP
  • Board Meetings Attended: None in FY 2025-26
  • Other Directorships: Bhatia Colour Chem Limited, Varvee Global Limited, Barflex Polyfilms Limited
  • Past Resignations: Resigned from Vertex Cotfab Limited on December 29, 2025

Committee Positions for Mr. Ravi Jitendra Modi

  • Bhatia Colour Chem Ltd: Audit Committee (Chairman), Stakeholders Relationship Committee and Nomination & Remuneration Committee (Member)
  • Varvee Global Limited: Stakeholders Relationship Committee (Chairman), Audit Committee and Nomination & Remuneration Committee (Member)
  • Barflex Polyfilms Limited: Audit Committee and Stakeholders Relationship Committee (Chairman), Nomination & Remuneration Committee (Member)

Compliance Declarations

The company affirmed pursuant to SEBI directions dated June 14, 2018 that none of the directors are debarred from holding office by virtue of any SEBI order or other authority, and therefore are not disqualified from appointment.