Meeting Details

The 41st Annual General Meeting was held on Wednesday, 23rd September 2026 at 03:00 PM (IST) through video conference/other audio visual means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The meeting was deemed to be conducted at the Registered Office of the Company at B/12-B, Industrial Estate, Pologround, Indore-452015 (M.P.). The meeting started at 03:03 PM and ended at 03:17 PM.

Proposed Resolutions and Implications

The AGM considered four resolutions:

Ordinary Business:

  • Item No. 1: To consider and adopt the Audited Financial Statements of the Company together with the Report of the Board of Directors and the Auditors thereon for the financial year ended March 31, 2026
  • Item No. 2: To appoint a Director in place of Mr. Smitesh Shah (DIN: 00326182), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013

Special Business:

  • Item No. 3: Continuation of directorship of Mr. Ashok Kumar Ramawat (DIN: 08818263) as a Non-Executive Independent Director of the Company on attaining the age of 75 years
  • Item No. 4: Approval of Material Related Party Transaction(s) with Cyano Pharma Private Limited

Voting Process and Methods

The Company provided remote e-voting facility and e-voting facility during the AGM. Remote e-voting was conducted through Central Depository Services (India) Limited (CDSL) from Sunday, 20th September 2026 (9:00 AM) up to Tuesday, 22nd September 2026 (5:00 PM). The cut-off date for determining voting rights was Wednesday, 16th September 2026.

Key Voting Outcomes

Overall Participation:

  • Total number of shareholders on record date: 25,125
  • Total shares outstanding: 16,273,800
  • Total votes cast: 8,645,660 shares (53.1263% of outstanding shares)
  • Promoter participation: 7,425,810 votes (97.5186% of promoter holdings)
  • Public non-institutions participation: 1,219,850 votes (14.1091% of public non-institution holdings)
  • Public institutions participation: 0 votes (0% of institution holdings)

Resolution-wise Results:

Item No. 1 - Adoption of Financial Statements:

  • Total votes: 8,645,660
  • Votes in favor: 8,645,641 (99.9998%)
  • Votes against: 19 (0.0002%)
  • Invalid votes: 0

Item No. 2 - Re-appointment of Smitesh Shah:

  • Total votes: 8,458,998
  • Votes in favor: 8,458,979 (99.9998%)
  • Votes against: 19 (0.0002%)
  • Invalid votes: 0

Item No. 3 - Continuation of Ashok Ramawat:

  • Total votes: 8,645,660
  • Votes in favor: 8,645,660 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: 0

Item No. 4 - Related Party Transactions with Cyano Pharma:

  • Total votes: 49,944
  • Votes in favor: 49,925 (99.9620%)
  • Votes against: 19 (0.0380%)
  • Invalid votes: 0

Scrutinizer's Role and Findings

Ms. Darshika Wankhede, Practicing Company Secretary (ACS: 79800; CP: 28624) was appointed as Scrutinizer on 11th August 2026. She scrutinized both the remote e-voting process and e-voting at the AGM. The votes cast through remote e-voting were unblocked by the Scrutinizer in the presence of witnesses Mr. Ravi Agrawal and Mr. Shriyansh Parashar on 23rd September 2026.

Compliance Confirmation

The voting process was conducted in compliance with Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration) Rules 2014, Regulation 44 of SEBI (LODR) Regulations 2015, Secretarial Standard-2 on General Meetings, MCA Circular No. 03/2025 dated 22nd September 2025, and SEBI Master Circular dated 30th January 2026.

Additional Information

The Company's Registrar and Transfer Agent is Ankit Consultancy Private Limited. Advertisements for the AGM were published in Free Press Journal (English) and Choutha Sansar (Hindi) on 19th August 2026 and 28th August 2026. All relevant records of electronic voting will remain in the Scrutinizer's safe custody until the Chairman approves and signs the minutes of the meeting.