Meeting Details

  • Date: Thursday, July 23, 2026
  • Time: Commenced at 11:00 A.M. IST and concluded at 12:20 P.M. IST
  • Location/Type: Held through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Record Date: July 15, 2026
  • Total Shareholders on Record Date: 43,168

Proposed Resolutions and Implications

Five ordinary resolutions were proposed and voted upon:

1. To receive, consider, and adopt the Audited Financial Statements for the year ended March 31, 2026, including the Balance Sheet, Statement of Profit and Loss, Statement of Cash Flows, and reports of the Board of Directors and Auditors.

2. To declare a dividend of ₹35 (Rupees Thirty Five only) per fully paid-up equity share (700% on a Face Value of ₹5) for the Financial Year 2025-2026.

3. To reappoint Mr. Sanjiv N. Shah (DIN: 00007211), a Non-executive (Non-Independent) Director, who retired by rotation.

4. To reappoint Mr. Jairaj C. Thacker (DIN: 00108552), a Non-executive (Non-Independent) Director, who retired by rotation.

5. To ratify the remuneration of ₹0 to be paid to the Cost Auditors, Messrs. R. Nanabhoy & Co. (Firm Registration No. 000010), for the financial year 2026-2027.

Voting Process and Methods

Voting was conducted through two methods:

  • Remote E-Voting: Commenced at 9:00 a.m. IST on Monday, July 20, 2026, and ended at 5:00 p.m. IST on Wednesday, July 22, 2026. The facility was provided by MUFG, the authorized agency engaged by the company.
  • E-Voting during the AGM: Members who had not voted remotely were given the opportunity to vote electronically during the meeting.
  • Physical Attendance: Not Applicable for in-person or proxy attendance. A total of 67 shareholders attended the meeting via VC/OAVM (11 from Promoter & Promoter Group and 56 from Public).

Key Voting Outcomes

All five resolutions were passed with the requisite majority. The detailed, category-wise results are as follows:

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 5,680,799 shares (50.2587% of 11,303,120 outstanding shares)
  • Votes in Favour: 5,680,799 (100% of votes cast)
  • Votes Against: 0 (0% of votes cast)
  • Promoter & Promoter Group: Voted 3,797,728 shares (100% in favour).
  • Public Institutions: Voted 1,828,662 shares (100% in favour).
  • Public Non-Institutions: Voted 54,409 shares (100% in favour).

Resolution 2: Declaration of Dividend

  • Total Votes Cast: 5,684,170 shares (50.2885% of outstanding shares)
  • Votes in Favour: 5,684,170 (100% of votes cast)
  • Votes Against: 0 (0% of votes cast)
  • Promoter & Promoter Group: Voted 3,797,728 shares (100% in favour).
  • Public Institutions: Voted 1,832,033 shares (100% in favour).
  • Public Non-Institutions: Voted 54,409 shares (100% in favour).

Resolution 3: Reappointment of Mr. Sanjiv N. Shah

  • Total Votes Cast: 5,684,170 shares (50.2885% of outstanding shares)
  • Votes in Favour: 5,007,099 (88.0885% of votes cast)
  • Votes Against: 677,071 (11.9115% of votes cast)
  • Promoter & Promoter Group: Voted 3,797,728 shares (100% in favour).
  • Public Institutions: Voted 1,832,033 shares; 1,155,528 in favour (63.0735%), 676,505 against (36.9265%).
  • Public Non-Institutions: Voted 54,409 shares; 53,843 in favour (98.9597%), 566 against (1.0403%).

Resolution 4: Reappointment of Mr. Jairaj C. Thacker

  • Total Votes Cast: 5,684,170 shares (50.2885% of outstanding shares)
  • Votes in Favour: 5,011,107 (88.1590% of votes cast)
  • Votes Against: 673,063 (11.8410% of votes cast)
  • Promoter & Promoter Group: Voted 3,797,728 shares (100% in favour).
  • Public Institutions: Voted 1,832,033 shares; 1,159,536 in favour (63.2923%), 672,497 against (36.7077%).
  • Public Non-Institutions: Voted 54,409 shares; 53,843 in favour (98.9597%), 566 against (1.0403%).

Resolution 5: Ratification of Cost Auditors' Remuneration

  • Total Votes Cast: 5,684,170 shares (50.2885% of outstanding shares)
  • Votes in Favour: 5,684,170 (100% of votes cast)
  • Votes Against: 0 (0% of votes cast)
  • Promoter & Promoter Group: Voted 3,797,728 shares (100% in favour).
  • Public Institutions: Voted 1,832,033 shares (100% in favour).
  • Public Non-Institutions: Voted 54,409 shares (100% in favour).

Scrutinizer's Role and Findings

  • Scrutinizer: Bhaskar Upadhyay, Partner at N L Bhatia & Associates, Practicing Company Secretary.
  • Role: To scrutinize the remote e-voting and e-voting during the AGM and ascertain the requisite majority.
  • Findings: The scrutinizer confirmed that all five resolutions were passed by the requisite majority. The results are based on reports generated from the e-voting system provided by MUFG.

Compliance Confirmation

The meeting was held in compliance with the General Circular No. 03/2025 dated September 22, 2025, and other referenced MCA Circulars, the Companies Act, 2013, its Rules, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.