Meeting Details

The 38th AGM was held on Friday, September 18, 2026, at 03:30 PM IST through Video Conference (VC)/Other Audio Visual Means (OAVM). The remote e-voting period was open from 9:00 AM IST on Tuesday, September 15, 2026, to 5:00 PM IST on Thursday, September 17, 2026. The record date for determining shareholders eligible to vote was September 11, 2026. The total number of shareholders on the record date was 59,344.

Scrutinizer Appointment

Hardik Hudda (ICSI Membership No.: A39621, CP No.: 14697), Proprietor of M/s. Hardik Hudda & Associates, Company Secretaries, was appointed as the Scrutinizer for the e-voting process. The e-voting facility was provided by National Securities Depositories Limited (NSDL).

Voting Results Breakdown

All eight resolutions proposed at the AGM were passed. The combined results of remote e-voting and e-voting at the AGM are as follows:

Ordinary Businesses

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026

  • Votes in Favor: 15,496,319 (99.9981%)
  • Votes Against: 302 (0.0019%)

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026

  • Votes in Favor: 15,496,317 (99.9980%)
  • Votes Against: 304 (0.0020%)

3. Declaration of Final Dividend for FY 2025-26

  • Votes in Favor: 15,496,297 (99.9979%)
  • Votes Against: 324 (0.0021%)
  • Invalid Votes: 0

4. Re-appointment of Shri Neeraj J Chandra (DIN: 00065159) as a Director retiring by rotation

  • Votes in Favor: 15,496,205 (99.9973%)
  • Votes Against: 416 (0.0027%)

Special Businesses

5. Re-appointment of Shri Mahendra J Patel (DIN: 00057735) as Whole-Time Director and CFO

  • Votes in Favor: 15,017,863 (99.9978%)
  • Votes Against: 326 (0.0022%)

6. Re-appointment of Shri Gurudeo Madhukar Yadwadkar (DIN: 01432796) as Independent Director

  • Votes in Favor: 15,496,238 (99.9975%)
  • Votes Against: 383 (0.0025%)
  • Invalid Votes: 0

7. To lease the Company's manufacturing unit (Land + Building) at Shapar (Veraval), Rajkot

  • Votes in Favor: 15,496,071 (99.9964%)
  • Votes Against: 550 (0.0036%)
  • Invalid Votes: 0

8. Approval of Material Related Party Transaction with Khushbu Auto

  • Votes in Favor: 87,579 (99.6303% of valid votes)
  • Votes Against: 325 (0.3697% of valid votes)
  • Invalid Votes: 5,802,017

Shareholder Participation

The detailed breakdown by shareholder category (Promoter & Promoter Group, Public Institutions, Public-Non Institutions) is provided for each resolution, showing near-unanimous approval from the Promoter group on all resolutions where they were eligible to vote.

Financial Impact

The declaration of a final dividend for FY 2025-26 implies a cash outflow, but the specific amount per share or total value is not quantified in this disclosure.