Meeting Details

The 30th Annual General Meeting (AGM) was held on Tuesday, September 29, 2026, commencing at 01:00 PM and concluding at 01:30 PM through Video Conferencing/Other Audio Video Means (VC/OAVM). The record date for determining shareholder eligibility was set as September 22, 2026.

Proposed Resolutions and Implications

Four resolutions were considered at the meeting:

1. Ordinary Resolution: Adoption of financial statements for the financial year ended March 31, 2026 together with the report of the Board of Directors and Auditors thereon

2. Ordinary Resolution: Reappointment of Mr. Gaurav Gupta (DIN: 07106587) as Director liable to retire by rotation under Section 152(6) of the Companies Act, 2013

3. Special Resolution: Approval of remuneration of Mr. Pawan Kumar Gupta (DIN: 01543446), Managing Director of the Company (Promoters interested)

4. Special Resolution: Approval of remuneration of Mr. Harish Kumar Gupta (DIN: 01323944), Chairman & Whole-Time Director of the Company (Promoters interested)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from Saturday, September 26, 2026 at 9:00 AM IST to Monday, September 28, 2026 at 5:00 PM IST via CDSL's e-voting platform (https://www.evotingindia.com/)
  • E-voting during AGM: Facility provided for shareholders who had not cast votes during the remote e-voting period

The company had 4,836 shareholders on the record date. Attendance showed 5 promoters and 17 public shareholders attended through video conferencing.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total votes cast: 9,564,080 (71.4404% of outstanding shares)
  • Votes in favor: 9,564,078 (100% of votes polled)
  • Votes against: 2 (0% of votes polled)
  • Category-wise breakdown:
  • Promoter & Promoter Group: 7,809,962 votes (100% participation, 100% in favor)
  • Public Institutions: 0 votes (0% participation)
  • Public Non-Institutions: 1,754,118 votes (31.4873% participation, 99.9999% in favor, 0.0001% against)

Resolution 2: Reappointment of Gaurav Gupta (Ordinary Resolution)

  • Total votes cast: 9,564,080 (71.4404% of outstanding shares)
  • Votes in favor: 9,564,078 (100% of votes polled)
  • Votes against: 2 (0% of votes polled)
  • Category-wise breakdown identical to Resolution 1

Resolution 3: Remuneration of Pawan Kumar Gupta (Special Resolution)

  • Total votes cast: 1,754,118 (13.1027% of outstanding shares)
  • Votes in favor: 1,754,116 (99.9999% of votes polled)
  • Votes against: 2 (0.0001% of votes polled)
  • Promoters abstained from voting as they were interested in the resolution
  • Public Institutions: 0 votes (0% participation)
  • Public Non-Institutions: 1,754,118 votes (31.4873% participation, 99.9999% in favor, 0.0001% against)

Resolution 4: Remuneration of Harish Kumar Gupta (Special Resolution)

  • Total votes cast: 1,754,118 (13.1027% of outstanding shares)
  • Votes in favor: 1,754,116 (99.9999% of votes polled)
  • Votes against: 2 (0.0001% of votes polled)
  • Promoters abstained from voting as they were interested in the resolution
  • Public Institutions: 0 votes (0% participation)
  • Public Non-Institutions: 1,754,118 votes (31.4873% participation, 99.9999% in favor, 0.0001% against)

All four resolutions were passed with the requisite majority.

Scrutinizer's Role and Findings

Mr. Manish Sancheti (FCS: 7972, CP No.: 8997) of CSM & Co. was appointed as Scrutinizer by the Board of Directors at their meeting on August 13, 2026. His responsibilities included:

  • Scrutinizing both remote e-voting and e-voting during the AGM
  • Ensuring compliance with Companies Act, 2013 and SEBI regulations
  • Validating the voting process and results received from CDSL
  • Preparing the consolidated scrutinizer's report dated September 30, 2026

The scrutinizer confirmed that no invalid votes were cast across any resolution or shareholder category.

Compliance Confirmation

The voting process complied with:

  • Section 108 of the Companies Act, 2013
  • Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • MCA Circulars dated April 8, 2020, through September 19, 2024, and subsequent circulars
  • SEBI Circulars dated May 12, 2020, through October 3, 2024
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015