Meeting Details

The 58th Annual General Meeting was held on Monday, September 21, 2026, commencing at 11:00 A.M. IST. The meeting was conducted entirely through Video Conferencing (VC)/Other Audio Visual Means (OAVM) facility in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI guidelines. The meeting concluded at 11:44 AM IST.

Proposed Resolutions and Implications

The AGM considered and voted on six resolutions:

Ordinary Business:

1. Adoption of Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with Reports of the Board and Auditors

2. Declaration of dividend of ₹1.20 (One Rupee and Twenty paise only) per share for FY 2025-26

3. Re-appointment of Mr. Naresh Suryakant Shah (DIN: 03073963) as Director who retires by rotation

4. Re-appointment of M/s. KKC & Associates LLP as Statutory Auditors

Special Business:

5. Re-appointment of Mr. Akshay Bansarilal Arora (DIN: 00105637) as Whole-Time Director and Executive Chairman

6. Re-appointment of Mr. Shiven A. Arora (DIN: 07351133) as Managing Director

Voting Process and Methods

The Company engaged MUFG Intime India Private Limited (previously Link Intime India Private Limited) to provide remote e-voting facility for 3 days from Friday, September 18, 2026 (9:00 a.m. IST) to Sunday, September 20, 2026 (5:00 p.m. IST). Additionally, e-voting facility was made available during the AGM for members who had not cast their vote through remote e-voting.

Scrutinizer Appointment and Role

Ms. Nupur Gadekar, Partner at M/s. Mehta and Mehta, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. The voting results were to be declared within stipulated time under applicable laws and submitted to stock exchanges, with availability on both Company and MUFG websites.

Attendance and Participation

Mr. Akshay Bansarilal Arora, Chairman of the Company, chaired the meeting. All Directors of the Company were present through VC from their respective locations. Also present were representatives of Statutory Auditors (M/s. KKC & Associates LLP), Secretarial Auditors (Mehta & Mehta, Company Secretaries), and the Scrutinizer. Shareholders who registered as speaker shareholders were given opportunity to ask questions/express views, which were satisfactorily addressed.

Document Availability

All relevant documents pertaining to agenda items were made available to members for electronic inspection on the MUFG Intime India Private Limited platform.

Compliance Confirmation

The meeting was conducted in compliance with provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and circulars issued by MCA and SEBI. The Auditor's Report for year ended March 31, 2026, contained no qualifications, reservations, observations, adverse remarks or disclaimer.