AGM Details
The 16th Annual General Meeting will be held on Tuesday, September 29, 2026 at 11:00 A.M. IST through video conferencing (VC) / Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the registered office of the Company at Survey No-257, Plot No. 4, N.H. No. 8-B, Shapar - Veraval, Dist: Rajkot - 360024.
Agenda Items
Ordinary Business:
Item No. 1: To consider and adopt: (a) The audited standalone financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) The audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Auditors thereon.
Item No. 2: To reappoint Mr. Rameshbhai Devrajbhai Khichadia (DIN: 00087859) as director who retires by rotation and being eligible, offers himself for reappointment.
Special Business:
Item No. 3: To reappoint Shri Anilbhai Vasantbhai Bhalu (DIN: 03159038) as Managing Director, designated as Executive Director, for a period of 5 years from May 01, 2027 to April 30, 2032.
Remuneration Details for Managing Director:
- Salary: Up to ₹6,00,000 per month
- Annual Bonus: Equal to one-month salary or as decided by board
- Other Perquisites: Contribution to Provident Fund, Superannuation Fund, Gratuity Fund as per company rules; Use of company car with driver for business purposes; Telephone at residence and cellular phone provided by company; Reimbursement of entertainment, travelling and business expenses
- Retirement Benefits: Gratuity payable as per rules; Earned leave encashable at end of tenure
- Other Benefits: Reimbursement of vehicle, guest entertainment, travelling expenses; Eligibility for housing, education and medical loans
- Minimum Remuneration: Payable even in case of inadequate profits subject to Schedule V provisions
Item No. 4: To reappoint Shri Shailesh Karshanbhai Bhut (DIN: 03324485) as Whole-Time Director, designated as Executive Director, for a period of 5 years from May 01, 2027 to April 30, 2032.
Remuneration Details for Whole-Time Director:
- Salary: Up to ₹6,00,000 per month
- Annual Bonus: Equal to one-month salary or as decided by board
- Other Perquisites: Identical structure to Managing Director's perquisites
- Minimum Remuneration: Payable even in case of inadequate profits subject to Schedule V provisions
Financial Performance Highlights (Standalone)
The explanatory statement provides comparative financial data:
- Total Income: ₹11,129.13 lakhs (FY26) vs ₹8,283.38 lakhs (FY25)
- Profit Before Tax: ₹1,355.96 lakhs (FY26) vs ₹1,029.36 lakhs (FY25)
- Profit After Tax: ₹1,018.37 lakhs (FY26) vs ₹768.08 lakhs (FY25)
- Equity Capital: ₹2,322.01 lakhs (FY26) vs ₹1,161.01 lakhs (FY25)
- EPS: ₹4.39 (FY26) vs ₹3.31 (FY25)
- Foreign Exchange Earnings: ₹4,105.11 lakhs (FY26) vs ₹3,309.64 lakhs (FY25)
Director Shareholding (as at March 31, 2026)
- Mr. Anilbhai Vasantbhai Bhalu: 11,71,680 shares (5.04% of paid-up capital)
- Mr. Shailesh Karshanbhai Bhut: 10,13,888 shares (4.36% of paid-up capital)
- Mr. Rameshbhai Devrajbhai Khichadia: 33,48,368 shares
Voting Arrangements
- Remote e-voting period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) through NSDL
- Cut-off date for determining eligibility: September 22, 2026
- Scrutinizer: M/s. Kishor Dudhatra, Company Secretary (FCS: 7236, Peer Review Number: 1919/2022)
- Members can join the AGM through VC/OAVM 15 minutes before and after scheduled time
Board of Directors
- Mr. Anilbhai Vasantbhai Bhalu (Managing Director)
- Mr. Shailesh Karshanbhai Bhut (Whole-Time Director)
- Mr. Rameshbhai Devrajbhai Khichadia (Director)
- Mr. Gopal Devrajbhai Khichadia (Director)
- Mrs. Laxmipriya Binodkumar Dasmohapatra (Independent Director)
- Mr. Jentilal Popatbhai Godhat (Independent Director)