Key Board Approvals:

1. Capital Structure Changes:

  • Approved an increase in the Authorized Equity Share Capital from ₹11,27,00,000 (divided into 1,12,70,000 equity shares of ₹10 each) to ₹57,86,00,000 (divided into 5,78,60,000 equity shares of ₹10 each), subject to shareholder approval at the ensuing AGM.
  • Approved the issuance of bonus equity shares in the ratio of 5:1 (five new equity shares for every one existing fully paid-up equity share of ₹10 each) to shareholders on a record date to be determined, subject to shareholder approval.

Bonus Issue Details (Annexure-I):

  • Type of Security: Equity Shares of ₹10.00 each
  • Type of Issuance: Bonus Issue
  • Total Number of Securities: 4,82,10,000 Equity Shares aggregating to ₹48,21,00,000
  • Bonus Ratio: 5:1 (Five new for every One existing share)
  • Pre-Bonus Paid-up Capital: ₹9,64,20,000 divided into 96,42,000 Equity Shares
  • Post-Bonus Paid-up Capital: ₹57,85,20,000 divided into 5,78,52,000 Equity Shares
  • Reserve Requirement: ₹48,21,00,000 required from Securities Premium and/or Free Reserves
  • Available Reserves: ₹1,05,56,52,000 available in Reserves & Surplus as of 31st March 2026 (audited figures)
  • Estimated Credit Date: Within 60 days from Board approval date

2. Annual General Meeting Arrangements:

  • Fixed cut-off date for AGM notice eligibility: Saturday, 4th July 2026
  • Approved notice convening the 10th Annual General Meeting on Saturday, 1st August 2026 at 12:00 PM through VC/OAVM
  • Approved Annual Report including Directors' Report for FY ended 31st March 2026
  • Fixed cut-off date for e-voting eligibility: Saturday, 25th July 2026
  • Approved availing NSDL services for remote e-voting and VC/OAVM facilities
  • Fixed e-voting period: Wednesday, 29th July 2026 at 9:00 AM to Friday, 31st July 2026 at 5:00 PM

3. Management Changes:

  • Approved re-appointment of Mr. Sanjaykumar Mahavirprasad Gupta (DIN: 07610448) as Managing Director (liable to retire by rotation)
  • Noted resignation of Mr. Hareshkumar Shamjibhai Suthar (DIN: 08388083) as Independent Director effective 25th June 2026 due to "pre-occupation and other personal commitments" (Annexure-II)
  • Approved regularization of Mr. Dipak Hariprasad Dave (DIN: 11731696) as Director (liable to retire by rotation), subject to shareholder approval. He currently serves as Additional Executive Director and Chief Financial Officer (KMP)

4. Auditor Appointments:

  • Appointment of M/S Sarang Shivajirao Chavan And Associates (FRN: 159649W) as Internal Auditor for FY2026-27 effective 2nd July 2026 (Annexure-IV)
  • Appointment of M/s. Shweta Jain & Co LLP, Chartered Accountants (FRN: 127673W) as Statutory Auditor for 5 years from conclusion of 10th AGM until conclusion of 15th AGM, subject to shareholder approval (Annexure-V)