Meeting Details

The 40th Annual General Meeting was held on Friday, 25th September 2026 at 12:30 P.M. through Video Conferencing (VC). The meeting commenced at 12:30 P.M. (IST) and concluded at 01:09 P.M. (IST), including time allowed for e-voting at AGM. Total 71 members attended the meeting through Video Conferencing.

Proposed Resolutions

The following resolutions were presented for shareholder consideration and approval:

  • Ordinary Resolution 1: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026 together with Reports of the Board of Directors and Auditors thereon
  • Ordinary Resolution 2: To declare a Final dividend on 0.01% Compulsory Convertible Preference Shares (CCPS)
  • Ordinary Resolution 3: To appoint a Director in place of Ms. Ruhi Mittal (DIN: 07159227), Non-Executive Director, who retires by rotation in terms of Section 152(6) of the Companies Act, 2013
  • Ordinary Resolution 4: To consider and approve the appointment of Statutory Auditor of the Company and to fix their remuneration
  • Special Resolution 6: Approval for remuneration payable to Mr. Sushil Sharda (DIN: 03117481), Whole-Time Director of the company for 2026-27
  • Special Resolution 7: To Consider and approve the Re-Appointment of Mr. Sushil Sharda (DIN: 03117481) as Whole-Time Director of the Company and Fix his Remuneration

Voting Process and Methods

The Company provided remote e-voting facility to all shareholders to cast their vote electronically on all resolutions. Remote e-voting commenced on Monday, 21st September 2026 at 9:00 a.m. and ended on Thursday, 24th September 2026 at 5:00 p.m. E-voting facility was also made available during the AGM. M/s. Mihen Halani & Associates, Practicing Company Secretaries were appointed as Scrutinizer for the e-voting process.

Meeting Proceedings and Attendance

Mr. Murarilal Mittal, Managing Director of the Company, presided as Chairman of the AGM. The Company Secretary, Mr. Govinda Soni, extended welcome to shareholders and conducted roll call of directors and KMPs. Representatives of Statutory Auditors (M/s. Borkar & Muzumdar), Internal Auditor (M/s. PKF Sridhar & Santhanam LLP), Cost Accountant (M/s. Dilip Bathija), and Secretarial Auditor and Scrutinizer (M/s. Mihen Halani and Associates) were present. Registered speaker shareholders were invited to raise queries, which were answered by the Managing Director.

Compliance and Documentation

The notice of Annual General Meeting and Annual Report for Financial Year 2025-2026 were circulated to members. Statutory Registers and relevant documents were accessible in electronic mode throughout the meeting. There were no qualifications, observations or adverse remarks in the Statutory Auditors Report and Secretarial Audit Report. The consolidated results of voting together with the report of the scrutinizer will be submitted to the Stock Exchanges and displayed on the company's website.

Additional Information

Quorum was present throughout the meeting. The video recording of the proceedings along with transcript shall be made available on the Company's website. This document does not constitute minutes of the Annual General Meeting.