Meeting Details

The EGM was convened on Friday, October 23, 2026, at 11:30 A.M. (IST) through Video Conferencing or Other Audio-Visual Means and concluded at 11:43 A.M. (IST), including time allowed for e-voting at EGM. The meeting duration was 13 minutes.

Attendance

Total 28 members were present at the meeting. The following directors and personnel attended:

Directors:

  • Mr. Bharatkumar Desai - Chairman & Managing Director (Chairman of Corporate Social Responsibility Committee)
  • Mr. Hemang Shah - Executive Director
  • Mr. Shaileshkumar Ghabhawala - Independent Director (Chairman of Audit Committee, Stakeholder Relationship Committee, and Nomination and Remuneration Committee)
  • Mr. Alkesh Shah - Non-Executive Non-Independent Director
  • Mrs. Zankhana Sheth - Independent Director

Key Managerial Personnel:

  • Mr. Jignesh Shah - Chief Financial Officer
  • Mr. Sharmin Soni - Company Secretary & Compliance Officer

Other Representatives:

  • Mr. Bhahim Desai - Director of Strategy and Investors Relations
  • Mrs. Himaben Desai - Director of Desai Shares & Stocks Pvt Ltd.
  • Mr. Chetan Gandhi - Cost Auditor
  • Mr. Jigar Trivedi - Secretarial Auditor (Jigar Trivedi & Co.) and Scrutinizer of EGM
  • Mr. Dhruvik Parikh - Internal Auditor
  • Ms. Dhrumi Shah - Representative of Statutory Auditors, M/S. Shah Mehta & Bakshi

Meeting Procedures

The Company Secretary briefed members about meeting arrangements:

  • Facility to participate through video conferencing or other audio-visual means was available
  • Meeting deemed to be conducted from Registered office at Savli, Vadodara
  • Physical attendance was dispensed with; no proxy appointments available
  • Mr. Jigar Trivedi appointed as Scrutinizer for remote e-voting process
  • Remote e-voting commenced on October 20, 2026 at 09:00 am and concluded on October 22, 2026 at 05:00 pm
  • E-voting facility available during EGM for members who did not cast remote votes
  • All resolutions if passed would be deemed passed with requisite majority on October 23, 2026
  • Results to be declared and posted on company website within two working days from EGM date

Resolutions Considered

The meeting considered two special resolutions:

1. Issuance of Equity shares of the Company on preferential basis (Special Resolution)

2. Approval for making investments, giving loans, guarantees and providing security in excess of limits specified under Section 186(2) of the Companies Act, 2013 (Special Resolution)

Mr. Bharatkumar Desai briefed members about the key synopsis of fund raising/investment into subsidiaries, objects/rationale of proposed issue, timelines, and statutory processes.

Voting and Conclusion

No speaker registrations were received for the meeting. The NSDL platform for e-voting remained open for 15 minutes after conclusion of the meeting. The meeting was declared closed at 11:43 A.M.

Note

The document specifically states it does not constitute minutes of the proceedings of the EGM.