Directors Present

The following directors attended the meeting:

  • Mr. Girishkumar Shah, Whole Time Director designated as Executive Chairman
  • Mr. Sanjay Marathe, Managing Director
  • Mr. Rohit Kothari, Independent Director - Chairman of Audit Committee & Chairman of Stakeholders Relationship Committee
  • Ms. Zarna Thakar, Independent Director - Chairman of Nomination and Remuneration Committee
  • Mr. Vipul Sanghvi, Executive Director

Mr. Nayankumar Shah (Independent Director) did not attend the meeting.

In Attendance

The following individuals were also present:

  • Mrs. Dipika Rajpal, Company Secretary & Compliance Officer
  • Mrs. Mruga Gajjar, Chief Financial Officer
  • Mr. Harin Parikh, Partner, Naresh & Co., Statutory Auditor
  • Mr. Kashyap Shah, Secretarial Auditor, KSPS & Co. LLP and Scrutinizer, Kashyap Shah & Co.

Shareholder Participation

The number of shareholders as on the record date (10th September 2026) was 21,428. Total 38 members attended the meeting.

Meeting Proceedings

Mr. Girishkumar Shah, as Chairman of the Board of Directors, presided over the meeting as per Article 102 of the Articles of Association of the Company. The meeting was conducted through Video Conference (VC)/Other Audio-Visual Means (OAVM) in accordance with MCA General Circular No. 20/2020 dated 5th May 2020 and subsequent circulars, including General Circular No. 03/2025 dated 22nd September 2025, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024.

The Notice dated 04th August 2026 convening the Meeting was taken as read. The Auditors Report, the Audited Financial Statements along with the Board's Report were also taken as read.

Members were provided with the facility to cast their vote electronically on all resolutions. Those who had not cast their vote through remote e-voting could vote during the meeting through the e-voting facility provided by NSDL, with voting remaining open until 15 minutes from the conclusion of the meeting. M/s. Kashyap Shah & Co., Practising Company Secretaries, Vadodara, was appointed as Scrutinizer to scrutinize all votes.

Business Transacted

Ordinary Business:

1. Receipt, consideration, approval, and adoption of the Audited Financial Statements of the Company for the financial year ended 31st March 2026 together with the reports of the Board of Directors and Auditors thereon (Ordinary Resolution)

2. Declaration of final dividend for the financial year ended 31st March 2026 at the rate of 10% (Re. 1/-) per Equity Share (Ordinary Resolution)

3. Appointment of a director in place of Mr. Vipul Sanghvi (DIN: 10824210), who retires by rotation and being eligible, offered himself for re-appointment (Ordinary Resolution)

Special Business:

4. Approval of payment of remuneration to Mr. Girishkumar Shah (DIN: 00469291), Whole Time Director designated as Executive Chairman (Special Resolution)

5. Approval of payment of remuneration to Mr. Sanjay Marathe (DIN: 01316388), Managing Director (Special Resolution)

6. Regularization of an Additional Director (Non-Executive, Independent), Ms. Zarna Pankaj Thakar (DIN: 11869662), by appointing her as a Non-Executive, Independent Director (Special Resolution)

Additional Proceedings

The Chairman addressed the Members and delivered a speech highlighting the affairs of the Company. Members who had sought Speaker Registration were invited to speak and ask questions, with the Chairman acknowledging and replying to all queries.

The result of the voting through e-voting will be informed to BSE Limited and simultaneously placed on the Company's website and NSDL's Website within prescribed time limits.

The meeting concluded at 03:06 P.M. (IST) after all agenda items were dealt with. E-voting remained open for another 15 minutes after conclusion.