Meeting Details

  • Meeting Type: 42nd Annual General Meeting
  • Date: September 29, 2026
  • Time: Commenced at 5:30 PM, concluded at 6:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at Commercial House, 3-4, Jaora Compound M.Y.H. Road, Indore (M.P.) 452001
  • Result Declaration Date: October 1, 2026 by Chairman based on scrutinizer's report

Shareholder Attendance

  • Promoters/Promoter Group: Not applicable (in-person/proxy)
  • Public Shareholders attending via VC: 49 (Forty Nine)
  • Promoters/Promoter Group attending via VC: 15 (Fifteen)
  • Total Members Present: 64 (Sixty Four)

Voting Process and Methods

  • Remote E-voting Period: September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) through CDSL platform (EVSN: 260908011)
  • E-voting at AGM: Available for members present through VC/OAVM who hadn't voted remotely
  • Cut-off Date for Voting Eligibility: September 22, 2026
  • Scrutinizer: Ishan Jain & Co., Company Secretaries
  • Voting Platform: CDSL e-voting system
  • Witnesses: Ms. Ishita Singhaniya and Ms. Pratika Sharma (non-employees)

Resolution Details and Voting Outcomes

Item 1: Adoption of Financial Statements (Ordinary Resolution)

  • To receive, consider, approve and adopt Standalone and Consolidated Audited Financial Statements for FY ended March 31, 2026
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,284,395 (100.0000%)
  • Against: 0 (0.0000%)
  • Result: Passed unanimously as ordinary resolution

Item 2: Dividend Declaration (Ordinary Resolution)

  • To declare dividend on 4,19,52,200 equity shares of ₹10 each for FY ended March 31, 2026
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,284,395 (100.0000%)
  • Against: 0 (0.0000%)
  • Result: Passed unanimously as ordinary resolution

Item 3: Reappointment of Director (Ordinary Resolution)

  • To appoint director in place of Shri Anil Choudhary (DIN:00017913) retiring by rotation
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,283,675 (99.9949%)
  • Against: 720 (0.0051%)
  • Result: Passed with requisite majority as ordinary resolution

Item 4: Reappointment of Chairman & MD (Special Resolution)

  • To confirm reappointment of Shri Anil Choudhary as Chairman and Managing Director for 3 years w.e.f. February 20, 2027
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,283,675 (99.9949%)
  • Against: 720 (0.0051%)
  • Result: Passed with requisite majority as special resolution

Item 5: Reappointment of Whole-time Director (Special Resolution)

  • To approve reappointment of Smt. Ranjana Choudhary (DIN:03349699) as Whole-time Director & KMP for 3 years w.e.f. June 1, 2027
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,283,675 (99.9949%)
  • Against: 720 (0.0051%)
  • Result: Passed with requisite majority as special resolution

Item 6: Preferential Warrants Issuance (Special Resolution)

  • To authorize Board for issuance of warrants convertible into equity shares on preferential basis to promoters/promoter group
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,284,395 (100.0000%)
  • Against: 0 (0.0000%)
  • Result: Passed unanimously as special resolution

Item 7: Increase in Section 186 Limits (Special Resolution)

  • To approve increase in limits u/s 186 of Companies Act for investments/loans/guarantees/securities
  • Total Votes Polled: 14,284,395 (34.0492% of outstanding shares)
  • In Favor: 14,284,395 (100.0000%)
  • Against: 0 (0.0000%)
  • Result: Passed unanimously as special resolution

Item 8: Related Party Transactions (Ordinary Resolution)

  • Approval for material related party transactions u/s 188 of Companies Act read with Regulation 23 of SEBI LODR
  • Total Votes Polled: 2,037,122 (4.8570% of outstanding shares)
  • In Favor: 2,037,122 (100.0000%)
  • Against: 0 (0.0000%)
  • Result: Passed unanimously as ordinary resolution

Voting Participation Breakdown

Promoter and Promoter Group

  • Shares Held: 25,486,127
  • Votes Polled: 11,681,382 (45.8343%)
  • Voting Method: Entirely through e-voting (no poll/postal ballot)

Public Institutions

  • Shares Held: 832,274
  • Votes Polled: 138,052 (16.5873%)
  • Voting Method: Entirely through e-voting (no poll/postal ballot)

Public Non-Institutions

  • Shares Held: 15,633,799
  • Votes Polled: 2,464,961 (15.7669%)
  • Voting Method: Entirely through e-voting (no poll/postal ballot)

Overall Participation

  • Total Outstanding Shares: 41,952,200
  • Total Votes Polled: 14,284,395 (34.0492%)
  • Remote E-voting: 41 members voted 14,242,395 shares
  • E-voting at AGM: 3 members voted 42,000 shares

Scrutinizer's Findings and Conclusions

  • Invalid Votes: 4 corporate members' votes (140,25,043 equity shares) declared invalid due to missing Board Resolution/POA documentation
  • Related Party Abstention: 16 shareholders holding 244,39,018 equity shares did not participate in Item 8 voting (related party transaction)
  • Quorum: Valid quorum achieved with 64 members present against requirement of 30 members
  • Notice Dispatch: Completed via email on September 7, 2026 to all members with registered email IDs
  • Corrigendum: Issued on September 22, 2026 for Item 6 explanatory statement as per BSE observations
  • Voting System: CDSL platform operated securely without technical issues

Compliance Confirmation

  • Conducted in compliance with Section 108 of Companies Act, 2013
  • Follows Rule 20 of Companies (Management and Administration) Rules, 2014
  • Adheres to SEBI (LODR) Regulations, 2015
  • Complies with MCA and SEBI circulars requirements