Resolutions and Voting Results

The company sought shareholder approval for five resolutions via postal ballot with a notice dated June 22, 2026. The remote e-voting period was from June 23, 2026, at 09:00 AM IST to July 22, 2026, at 05:00 PM IST. The cut-off date for determining shareholder eligibility to vote was June 19, 2026.

Of the five proposed resolutions, four were approved with the requisite majority on the last date of remote e-voting, July 22, 2026 (deemed the date of approval). The scrutinizer's report, dated July 23, 2026, provides the following results based on 36,165,622 valid votes cast:

  • Item 1 (Ordinary Resolution): Appointment of Statutory Auditor - 99.99% votes in favor (36,165,562 votes), 0.00% against (60 votes).
  • Item 3 (Special Resolution): Appointment of Mr. Chirag Jonwal (DIN: 11663060) as a Non-Executive and Independent Director - 99.99% votes in favor (36,165,562 votes), 0.00% against (60 votes).
  • Item 4 (Special Resolution): Appointment of Mr. Dipak Rana (DIN: 11743872) as a Non-Executive and Independent Director - 99.99% votes in favor (36,165,562 votes), 0.00% against (60 votes).
  • Item 5 (Special Resolution): Appointment of Mr. Yatharth Mimrot (DIN: 11640738) as a Non-Executive and Independent Director - 99.99% votes in favor (36,165,562 votes), 0.00% against (60 votes).

Withdrawn Resolution

Item 2 (Ordinary Resolution) for the appointment of Mr. Jignesh Manilal Shrimali (DIN: 11673722) as a Non-Executive and Non-Independent Director was withdrawn. This was due to Mr. Shrimali's resignation from the post of Additional Non-Executive and Non-Independent Director, effective July 21, 2026. Consequently, votes cast for this item were not scrutinized or considered, and no result was declared for it.

Scrutinizer Appointment and Process

Mr. Jay Pandya, Proprietor of M/s. Jay Pandya & Associates, Company Secretaries, was appointed as the scrutinizer for the process. The company used the e-voting system provided by National Securities Depository Limited (NSDL). The scrutinizer's report was based on the data generated by NSDL and scrutinized on a test-check basis.

Regulatory References and Announcements

The process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and corresponding rules, SEBI LODR regulations, and multiple MCA and SEBI circulars. A newspaper advertisement for the postal ballot was published on June 23, 2026, in Business Standard (English) and Jai Hind-Ahmedabad (Gujarati).