Meeting Details

  • Date of Meeting: 24th September 2026
  • Time of Meeting: Commenced at 4:00 p.m. and concluded at 4:23 p.m.
  • Location/Type: Conducted through Video Conferencing / Other Audio-Visual Means (VC/OAVM)
  • Record Date (Cut-off date): Thursday, 17th September 2026

Summary of Proposed Resolutions and Implications

Four resolutions were proposed for shareholder approval:

1. Item No. 1 (Ordinary Resolution): Adoption of annual accounts and audited Financial Statements for the financial year ended 31st March 2026, together with reports of Board of Directors and Auditors.

2. Item No. 2 (Ordinary Resolution): Re-appointment of Mr. Nizar Nooruddin Rajwani (DIN: 03312143) as a Director who retires by rotation.

3. Item No. 3 (Ordinary Resolution): Appointment of Mrs. Natasha Rajwani (DIN: 11804744) as a Non-Executive Non-Independent Director.

4. Item No. 4 (Special Resolution): To increase the overall limit of maximum remuneration payable to all the Directors.

Voting Process and Methods

  • Remote E-voting: Available through National Securities Depository Limited (NSDL) from Monday, 21st September 2026 at 9:00 a.m. to Wednesday, 23rd September 2026 at 5:00 p.m.
  • E-voting at AGM: Facility provided to members present online who had not cast their vote through remote e-voting.
  • Vote Unblocking: Votes cast under e-voting facility were unblocked on 25th September 2026 at 11:30 a.m. in the presence of two witnesses (Pranjal Prajapati and Shivani Pesai).

Key Voting Outcomes

Overall Participation

  • Total number of shareholders as on record date: 6,642
  • Shareholders attended meeting through VC/OAVM: 51 (2 Promoters and Promoter Group, 49 Public)

Resolution-wise Results:

Item No. 1: Adoption of Financial Statements (Ordinary Resolution)

  • Total Votes Cast: 8,159,381
  • Votes in Favor: 8,159,378 (100.00% of valid votes)
  • Votes Against: 3 (0.00% of valid votes)
  • Invalid Votes: 0
  • Result: PASSED with requisite majority

Item No. 2: Re-appointment of Mr. Nizar Nooruddin Rajwani (Ordinary Resolution)

  • Total Votes Cast: 5,539,381
  • Votes in Favor: 5,538,712 (99.99% of valid votes)
  • Votes Against: 669 (0.01% of valid votes)
  • Invalid Votes: 2,620,000 (from Promoter category)
  • Result: PASSED with requisite majority

Item No. 3: Appointment of Mrs. Natasha Rajwani (Ordinary Resolution)

  • Total Votes Cast: 5,539,381
  • Votes in Favor: 5,403,611 (97.55% of valid votes)
  • Votes Against: 135,770 (2.45% of valid votes)
  • Invalid Votes: 78,600,000 (from 1 member)
  • Result: PASSED with requisite majority

Item No. 4: Increase Directors' Remuneration Limit (Special Resolution)

  • Total Votes Cast: 299,381
  • Votes in Favor: 59,352 (19.82% of valid votes)
  • Votes Against: 240,029 (80.18% of valid votes)
  • Invalid Votes: 7,860,000 (from 2 Promoter category members)
  • Result: NOT PASSED (failed to achieve requisite majority)

Category-wise Voting Breakdown:

Promoter & Promoter Group:

  • Shares held: 7,860,000
  • Voted on all resolutions except Item No. 4 where all votes (7,860,000) were declared invalid

Public Institutions:

  • Shares held: 7,500
  • No votes cast on any resolution

Public Non-Institutions:

  • Shares held: 3,722,500
  • Actively participated in voting across all resolutions

Scrutinizer's Role and Findings

  • Scrutinizer: Ronak D Doshi, Proprietor of Ronak Doshi & Associates, Practicing Company Secretary
  • Responsibilities: Scrutinized the voting process in a fair and transparent manner, reviewed remote e-voting and votes tendered based on data downloaded from NSDL e-voting system
  • Findings: All resolutions were scrutinized and results were generated in the presence of the scrutinizer
  • Custody: Electronic data and all relevant records relating to e-voting are under the scrutinizer's safe custody and will be handed over to the Chairman/Company Secretary after minutes approval

Compliance with Laws and Regulations

The voting process and disclosure comply with:

  • Section 108 of the Companies Act, 2013
  • Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014
  • Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Company CIN: L74210MH2002PLC138439
  • Company ISIN: INE491V01019
  • Scrutinizer UDIN: F014051H001613440
  • The company had 11,590,000 total shares outstanding as of the record date