Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

Date of Meeting: 29th September, 2026

Type of Meeting: 29th Annual General Meeting

Location: Conducted through Video-conferencing (VC) & Other Audio Visual Means (OAVM) without physical presence of members at a common venue

Time: 02:00 P.M. (IST)

Proposed Resolutions and Implications

Seven resolutions were presented for shareholder approval:

1. Ordinary Resolution: To Consider and Adopt the Audited Standalone and Consolidated Financial Statements (Promoters not interested)

2. Ordinary Resolution: Re-appointment of Mr. Arun Kumar Jain (DIN: 00438324) as director (Promoters interested)

3. Special Resolution: To approve the remuneration of Mr. Arun Kumar Jain (DIN: 00438324) (Promoters interested)

4. Special Resolution: To approve the remuneration of Mr. Rajat Jain (DIN: 00438444) (Promoters not interested)

5. Ordinary Resolution: To increase the authorized share capital of the company and consequent amendment in the capital clause (clause v) of memorandum of association (Promoters not interested)

6. Ordinary Resolution: To approve Material Related Party Transaction(s) (Promoters not interested)

7. Ordinary Resolution: To Ratify Cost Auditors' Remuneration (Promoters not interested)

Voting Process and Methods

The voting was conducted through two methods:

  • Remote e-voting: Period remained open from Saturday, September 26, 2026 (9.00 a.m. IST) to Monday, September 28, 2026 (5.00 p.m. IST)
  • E-voting at AGM: Conducted during the Annual General Meeting on 29th September, 2026

The cut-off date for determining voting entitlement was September 23, 2025.

Key Voting Outcomes

Overall Participation

  • Total shareholders as on record date: 6,337
  • Shareholders present in meeting (either in person or through proxy): Not Arranged
  • Shareholders attending through Video Conferencing: 170 (Promoters: 02, Public: 168)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 9,205,831 (56.1901% of outstanding shares)
  • Votes in favor: 9,205,621 (99.9977%)
  • Votes against: 210 (0.0023%)
  • Passed: Yes

Resolution 2: Re-appointment of Mr. Arun Kumar Jain

  • Total votes cast: 168,961 (1.0313% of outstanding shares)
  • Votes in favor: 168,751 (99.8757%)
  • Votes against: 210 (0.1243%)
  • Passed: Yes

Resolution 3: Remuneration of Mr. Arun Kumar Jain

  • Total votes cast: 168,961 (1.0313% of outstanding shares)
  • Votes in favor: 168,751 (99.8757%)
  • Votes against: 210 (0.1243%)
  • Passed: Yes

Resolution 4: Remuneration of Mr. Rajat Jain

  • Total votes cast: 7,785,897 (47.5232% of outstanding shares)
  • Votes in favor: 7,785,687 (99.9973%)
  • Votes against: 210 (0.0027%)
  • Passed: Yes

Resolution 5: Increase Authorized Share Capital

  • Total votes cast: 9,205,831 (56.1901% of outstanding shares)
  • Votes in favor: 9,205,621 (99.9977%)
  • Votes against: 210 (0.0023%)
  • Passed: Yes

Resolution 6: Material Related Party Transaction

  • Total votes cast: 132,001 (0.8057% of outstanding shares)
  • Votes in favor: 131,791 (99.8409%)
  • Votes against: 210 (0.1591%)
  • Passed: Yes

Resolution 7: Ratify Cost Auditors' Remuneration

  • Total votes cast: 9,205,831 (56.1901% of outstanding shares)
  • Votes in favor: 9,205,621 (99.9977%)
  • Votes against: 210 (0.0023%)
  • Passed: Yes

Participation Breakdown by Shareholder Category

Promoter and Promoter Group:

  • Shares held: 11,666,286
  • Most resolutions showed high participation (65.6070% - 77.4614% voting)
  • Unanimous support (100% in favor) for resolutions where they voted

Public - Non Institutions:

  • Shares held: 4,717,072
  • Lower participation rates (2.7984% - 3.5819% voting)
  • Consistent pattern of 168,751 votes in favor and 210 votes against across multiple resolutions

Scrutinizer's Role and Findings

Mr. Sanjeev Dabas, Practicing Company Secretary (M. No.: F14158, COP: 24418), was appointed as Scrutinizer by the Board of Directors in their meeting held on 04th September 2026. His responsibilities included:

  • Scrutinizing remote e-voting and e-voting at AGM in fair and transparent manner
  • Ascertaining requisite majority on e-voting
  • Maintaining detailed registers containing summary of results
  • Eliminating duplicate voting between remote e-voting and e-voting at AGM
  • Preparing consolidated report on voting results

The scrutinizer confirmed that all resolutions passed with requisite majority and that the voting process was conducted properly.

Compliance with Laws and Regulations

The meeting and voting process complied with:

  • Section 109 of the Companies Act, 2013
  • Rule 21(2) of Companies (Management and Administration) Rules, 2014
  • Section 108 read with Rule 20 of Companies (Management and Administration) Rules, 2014
  • MCA General Circulars: 14/2020, 17/2020, 20/2020, 10/2022, 09/2023, 09/2024, 3/2025
  • SEBI Circulars: SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Company CIN: L27108DL1998PLC097397
  • Branch Office: 02-107, Wework, Oberoi Commerz II, 1 Mohan Gokhale Road, Colony No. 2, Mumbai Suburban, Maharashtra-400063
  • Manufacturing plants in Bhiwadi, Rajasthan
  • ISO certifications: 14001:2015, 45001:2018, 9001:2015, 9000:2015 (QMS)
  • Business: Manufacturers and exporters of cables & wires, wholesale traders and importers of non-ferrous metals