Meeting Details

  • Date: September 24, 2026
  • Time: Commenced at 11:30 AM IST and concluded at 11:55 AM IST
  • Location/Type: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) in accordance with MCA Circular No.9/2025 dated September 22, 2025, and General Circular No. 20/2020 dated May 5, 2020.

Attendees

Directors and KMP Present (all via VC):

  • Mr. Shailesh Siroya, Managing Director
  • Mr. Ravindra Kumar Kothari, Director
  • Mr. Himesh Virupakshaya, Director
  • Mr. Jatish Sheth, Independent Director, Chairman of Audit Committee & Nomination and Remuneration Committee
  • Dr. Mukesh Bheekamchand, Independent Director
  • Ms. Nicola Neeladri, Independent Director
  • Mr. Bharath Bhushan D V, Chief Financial Officer
  • Mr. Shreepada M L, Company Secretary

Other Invitees (all via VC):

  • Mr. Nikhil Kumar representing S S J N B & Co, Statutory Auditors
  • Mr. Parameshwar G Bhat, Secretarial Auditor and Scrutinizer for the Meeting
  • Mr. Vijayakrishna KT, Company Secretarial Adviser

Quorum: 58 members were present through VC/OAVM.

Proceedings and Resolutions

Mr. Shailesh Siroya was elected Chairman of the meeting, proposed by Mr. Surendran V B and seconded by Mr. Nabajit Sarma. The Chairman addressed members on company performance for FY 2025-26 and noted unmodified audit opinions from both Statutory and Secretarial Auditors.

The following seven resolutions from the Notice of AGM dated August 12, 2026, were transacted:

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors.

2. To declare a dividend of ₹1.20 per equity share (face value ₹10 each) for Financial Year 2025-26.

3. To re-appoint Mr. Ravindra Kumar Kothari (DIN: 03418320), who retires by rotation, as a Director.

Special Business:

4. To ratify remuneration payable to the Cost Auditors for Financial Year 2026-27.

5. To renew the contract with M/s. Desa Marketing International.

6. To approve change in designation of Mr. Ravindra Kumar Kothari (DIN: 03418320) from Non-Executive Director to Whole Time Director (Special Resolution).

7. To approve change in designation of Mr. Virupakshaya Himesh (DIN: 08554422) from Whole-Time Director to Non-Executive Director (Special Resolution).

Voting Process

All resolutions were put to vote through remote e-voting prior to the AGM. No voting by show of hands or proposing/seconding of resolutions occurred at the meeting. Four speaker shareholders had registered to speak, but none addressed the meeting.

Voting Results and Compliance

The voting results and Scrutinizer's Report (prepared by Mr. Parameshwar G Bhat) will be submitted to stock exchanges and placed on the company's website within two working days from the conclusion of the AGM, in compliance with the Companies Act, 2013 and SEBI Listing Regulations.