Date, Location, and Type of Meeting

The 35th Annual General Meeting was held on Friday, September 25, 2026, through Video Conference / Other Audio-Visual Means. The meeting commenced at 11:00 a.m. IST and concluded at 12:09 p.m. IST.

Summary of Proposed Resolutions

The AGM considered the following resolutions:

Ordinary Business

  • Resolution i: To consider and adopt the audited standalone financial statements for FY 2025-26, reports of Board of Directors and Statutory Auditor, and audited consolidated financial statements with Statutory Auditor's report
  • Resolution ii: To approve re-appointment of Mr. Pradeep Kumar Kheruka (DIN:00016909) who retires by rotation

Special Business

  • Resolution iii: To approve material related party transactions between the Company and Borosil Limited
  • Resolution iv: To approve re-appointment of Mr. Vinayak Madhukar Patankar (DIN:07534225) as Whole-time Director & CEO and Key Managerial Personnel
  • Resolution v: To approve payment of remuneration to Mr. Vinayak Madhukar Patankar as Whole-time Director & CEO (special resolution)
  • Resolution vi: To approve raising of funds by way of issuance of Equity Shares/Securities (special resolution)
  • Resolution vii: To approve amendments to the Employee Stock Option Schemes of the Company (special resolution)
  • Resolution viii: To approve secondary acquisition of shares through Trust route for ESOP implementation (special resolution)
  • Resolution ix: To approve provision of money by the Company for purchase of its own shares by the Trust under ESOP schemes (special resolution)

Voting Process and Methods

The remote e-voting period commenced at 9:00 a.m. IST on Tuesday, September 22, 2026 and concluded at 5:00 p.m. IST on Thursday, September 24, 2026. Additionally, e-voting facility was made available during the AGM for members who had not cast their votes through remote e-voting. The facility was kept open for an additional 15 minutes at the conclusion of the meeting.

Key Personnel and Attendance

Mr. Kewal Kundanlal Handa, Independent Director and Chairman of the Board, chaired the meeting. All Board members were present, along with members of senior management and representatives of the Statutory Auditor and Secretarial Auditor. Mr. Dhrumil M. Shah of M/s. Dhrumil M. Shah & Co. LLP (Certificate of Practice No. 8978) was appointed as scrutiniser to scrutinize the e-voting process.

Additional Proceedings

The meeting confirmed requisite quorum was present. Relevant registers and documents were available for inspection. The Notice of AGM along with Annual Report for FY 2025-26 were taken as read. The Chairman addressed members on business affairs and performance highlights. A Q&A session was conducted where shareholders asked questions about the company's business affairs.

Compliance Information

The meeting was conducted in compliance with applicable MCA circulars, provisions of the Companies Act, 2013 and Rules framed thereunder, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The e-voting results along with consolidated scrutiniser's report will be placed on the company website, stock exchange websites, and NSDL website.