Voting Process Details

The company provided electronic voting facilities pursuant to Section 108 of the Companies Act, 2013, Rule 20 of Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Kashyap Shah, Proprietor of M/s. Kashyap Shah & Co., Practising Company Secretaries, was appointed as Scrutinizer to conduct the voting process. Remote e-voting was available from Monday, 14th September 2026 (09:00 AM IST) to Wednesday, 16th September 2026 (05:00 PM IST).

The cut-off date for determining voting eligibility was 10th September 2026. There were 21,428 shareholders on record date.

Resolution Voting Results

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • To receive, consider, approve and adopt the Audited Financial Statements for FY ended 31st March 2026
  • Total votes polled: 11,030,787 shares (74.49% of outstanding shares)
  • Votes in favor: 11,030,787 shares (100%)
  • Votes against: 0 shares (0%)

Resolution 2: Final Dividend Declaration (Ordinary Resolution)

  • To declare final dividend at 10% (Re 1/- per equity share) for FY 2025-26
  • Total votes polled: 11,030,787 shares
  • Votes in favor: 11,030,787 shares (100%)
  • Votes against: 0 shares (0%)

Resolution 3: Re-appointment of Director (Ordinary Resolution)

  • To re-appoint Mr. Vipul Sanghvi (DIN: 10824210) who retires by rotation
  • Total votes polled: 11,030,787 shares
  • Votes in favor: 11,030,787 shares (100%)
  • Votes against: 0 shares (0%)

Resolution 4: Remuneration to Executive Chairman (Special Resolution)

  • To approve payment of remuneration to Mr. Girishkumar Shah (DIN: 00469291) as Whole Time Director designated as Executive Chairman for period from 1st January 2027 to 31st December 2028
  • Total votes polled: 5,631,370 shares (38.03% of outstanding shares)
  • Votes in favor: 5,626,078 shares (99.91% of votes polled)
  • Votes against: 5,292 shares (0.09% of votes polled)

Resolution 5: Remuneration to Managing Director (Special Resolution)

  • To approve payment of remuneration to Mr. Sanjay Marathe (DIN: 01316388) as Managing Director for period from 1st January 2027 to 31st December 2028
  • Total votes polled: 5,627,670 shares (38.00% of outstanding shares)
  • Votes in favor: 5,551,878 shares (98.65% of votes polled)
  • Votes against: 75,792 shares (1.35% of votes polled)

Resolution 6: Appointment of Independent Director (Special Resolution)

  • To regularize and appoint Ms. Zarna Pankaj Thakar (DIN: 11869662) as Non-Executive, Independent Director
  • Total votes polled: 11,030,787 shares
  • Votes in favor: 10,924,287 shares (99.03% of votes polled)
  • Votes against: 106,500 shares (0.97% of votes polled)

Shareholder Participation

  • Total shareholders on record date: 21,428
  • Promoter & Promoter Group holding: 10,799,334 shares
  • Public Institutions holding: 0 shares
  • Public Non-Institutions holding: 4,009,506 shares
  • Total share capital: 14,808,840 shares

Scrutinizer Report Details

The scrutinizer report confirmed the voting process was conducted fairly and transparently. All relevant records will remain in the scrutinizer's safe custody until the Chairman approves and signs the meeting minutes.