Meeting Details

The process was conducted entirely via a postal ballot with remote e-voting; there was no physical meeting. The cut-off date for determining shareholder eligibility was Friday, September 25, 2026. The e-voting period ran from Friday, October 2, 2026, at 09:00 AM IST to Saturday, October 31, 2026, at 05:00 PM IST. The results were declared on Monday, November 2, 2026, at the company's registered office at A-702, Kanakia Wall Street, Andheri Kurla Road, Andheri East, Mumbai 400093.

Proposed Resolution and Implications

The postal ballot contained one special resolution: \"Appointment of Mr. Prayasvin B. Patel (DIN: 00037394) as an independent Director of the Company.\" The resolution is described as a re-appointment in the summary table. The promoters/promoter group were not interested in this resolution. The implication is a change in the company's board composition.

Voting Process and Methods

The voting was conducted solely through remote e-voting. The company engaged National Securities Depository Limited (NSDL) to provide the e-voting facility. No physical polling or postal ballot forms were used, as hard copy communication was dispensed with pursuant to MCA circulars. The notice of postal ballot was dispatched to shareholders via email on September 30, 2026.

Key Voting Outcomes

Overall Results

The special resolution was passed with requisite majority.

  • Total Votes Cast: 13,852,253
  • Total Outstanding Shares: 28,442,606
  • Overall Voting Percentage: 48.7025% of outstanding shares
  • Votes in Favor: 13,851,806 (99.9968% of votes cast)
  • Votes Against: 447 (0.0032% of votes cast)

Category-wise Breakdown

Promoter & Promoter Group:

  • Shares Held: 11,756,750
  • Votes Polled: 10,883,990 (92.5765% of shares held)
  • Votes in Favor: 10,883,990 (100.0000% of votes polled)
  • Votes Against: 0 (0.0000% of votes polled)

Public - Institutions:

  • Shares Held: 4,032,481
  • Votes Polled: 2,852,288 (70.7328% of shares held)
  • Votes in Favor: 2,852,240 (99.9983% of votes polled)
  • Votes Against: 48 (0.0017% of votes polled)

Public - Non-Institutions:

  • Shares Held: 12,653,375
  • Votes Polled: 115,975 (0.9166% of shares held)
  • Votes in Favor: 115,576 (99.6560% of votes polled)
  • Votes Against: 399 (0.3440% of votes polled)

Scrutinizer's Findings

M/s. P.C. Shah & Co., Practicing Company Secretaries, with Mr. Punit Pradip Shah as the scrutinizer, submitted a report dated November 2, 2026. The report confirmed:

  • Total Valid Votes: 13,852,253 from 147 voters.
  • Votes in Favor: 13,851,806 votes from 140 voters.
  • Votes Against: 447 votes from 7 voters.

The scrutinizer concluded that the resolution was passed with requisite majority.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 108, 109, and 110 of the Companies Act, 2013.
  • Rules 20, 21, and 22 of the Companies (Management and Administration) Rules, 2014.
  • Relevant circulars issued by the Ministry of Corporate Affairs (MCA), including General Circular Nos. 14/2020, 17/2020, and 3/2025.
  • The company followed the prescribed process for remote e-voting and electronic communication of the notice.