Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

  • Date of AGM: Tuesday, September 29, 2026
  • Meeting Type: 16th Annual General Meeting
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Cut-off date: September 22, 2026
  • Total Shareholders: 7,35,495 (7,25,722 holding Fully Paid-up Shares and 9,773 holding Partly Paid-up Shares)
  • Shareholders attended through VC: 57 (5 Promoters and 52 Public)

Voting Process and Methods

  • Remote e-voting period: September 25, 2026 (9:00 am) to September 28, 2026 (5:00 pm)
  • E-voting during AGM through electronic voting system
  • Voting conducted through National Securities Depository Limited (NSDL) platform
  • Scrutinizer: Ashish C. Doshi, Partner of SPANJ & ASSOCIATES, Company Secretaries
  • Votes unblocked on September 29, 2026 after AGM conclusion, witnessed by Mr. Krutarth Raval and Ms. Vanshika Kela

Proposed Resolutions and Voting Outcomes

Resolution 1: Adoption of Standalone and Consolidated Financial Statements

  • Total votes cast: 1,956,512,076.5
  • In favor: 1,956,352,394.5 (99.9918%)
  • Against: 159,682 (0.0082%)
  • Invalid votes: 6,532,113
  • Abstained: 457,920

Resolution 2: Appointment of Mr. Vishwas Ambalal Patel (DIN: 00934823) as Director

  • Total votes cast: 1,956,967,875.5
  • In favor: 1,955,825,367.5 (99.9418%)
  • Against: 1,142,508 (0.0584%)
  • Invalid votes: 6,532,113
  • Abstained: 2,121

Resolution 3: Revision in remuneration of Mr. Vishal Ajitbhai Mehta (DIN: 03093563), Managing Director

  • Total votes cast: 1,956,965,780.5
  • In favor: 1,956,390,431 (99.9706%)
  • Against: 575,349.5 (0.0294%)
  • Invalid votes: 6,532,113
  • Abstained: 4,216

Resolution 4: Revision in remuneration of Mr. Vishwas Ambalal Patel (DIN: 00934823), MD & CEO

  • Total votes cast: 1,956,965,733.5
  • In favor: 1,956,251,176 (99.9635%)
  • Against: 714,557.5 (0.0365%)
  • Invalid votes: 6,532,113
  • Abstained: 4,263

Resolution 5: Approval for related party transaction for payment to Mr. Vivek Patel

  • Total votes cast: 1,532,385,280.5
  • In favor: 1,385,126,098 (90.3902%)
  • Against: 147,259,182.5 (9.6098%)
  • Invalid votes: 431,112,704
  • Abstained: 4,125

Resolution 6: Alteration/Variation in Objects of Rights Issue (Letter of Offer June 19, 2025)

  • Total votes cast: 1,956,967,921.5
  • In favor: 1,956,550,293.5 (99.9787%)
  • Against: 417,628 (0.0213%)
  • Invalid votes: 6,532,113
  • Abstained: 2,075

Resolution 7: Consolidation in Face Value of Equity Shares

  • Total votes cast: 1,956,967,921.5
  • In favor: 1,955,673,367 (99.9338%)
  • Against: 1,294,554.5 (0.0662%)
  • Invalid votes: 6,532,113
  • Abstained: 2,075

Resolution 8: Alteration to Capital Clause in Memorandum of Association

  • Total votes cast: 1,956,967,684.5
  • In favor: 1,956,580,574.5 (99.9802%)
  • Against: 387,110 (0.0198%)
  • Invalid votes: 6,532,113
  • Abstained: 2,312

Shareholder Category Participation

Total Paid-up Equity Share Capital: Rs. 3,49,24,09,572.50

  • Fully paid-up shares: 3,48,83,98,375 shares of Rs. 1 each
  • Partly paid-up shares: 80,22,395 shares of Rs. 1 each (Rs. 0.50 per share paid-up)

Promoter & Promoter Group:

  • 95,40,10,982 shares (99.99% voted in favor across resolutions)

Public Institutional:

  • 21,10,79,104 shares (72.66% participation rate)

Public Non-Institutional:

  • 2,32,73,19,487 shares (36.50% participation rate)

Scrutinizer's Report

  • Scrutinizer: Ashish C. Doshi, SPANJ & ASSOCIATES
  • Address: TF/1, Arrison Bldg, 3rd Floor, Swastik Soc., Nr. Stadium Circle, C.G. Road, Navrangpura, Ahmedabad-380009
  • Appointment: By Board of Directors under Section 108 of Companies Act, 2013
  • Process: Verified remote e-voting and e-voting at AGM through NSDL platform
  • Compliance: Confirmed adherence to Companies Act, MCA Circulars, and SEBI LODR Regulations
  • Vote unblocking: Witnessed by Krutarth Raval and Vanshika Kela on September 29, 2026

Compliance Confirmation

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars dated April 08, 2020; April 13, 2020; May 05, 2020; May 05, 2022; December 28, 2022; September 25, 2023; September 19, 2024; September 22, 2025