Meeting Details

Date: Wednesday, September 2, 2026

Time: Commenced at 11:30 a.m. (IST) and concluded at 12:48 p.m. (IST)

Venue: Conducted through Video Conferencing/Other Audio Visual Means with deemed venue at the Registered Office: Second Floor, The Mangaldeep Capital, Opposite Gulab Residency, Near CIMS Hospital Cross Road, Science City Road, Sola, Ahmedabad – 380 060, Gujarat

Type of Meeting: 30th Annual General Meeting

Proposed Resolutions and Implications

The following four items of business were transacted at the Meeting:

Ordinary Business:

1. Item No. 1 (Ordinary Resolution): Adoption of the Audited Standalone Financial Statements for FY ended March 31, 2026 together with Reports of Board of Directors and Auditors, and Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors.

2. Item No. 2 (Ordinary Resolution): Re-appointment of Mr. Pawan Agarwal (DIN: 00465092) as Director who retires by rotation under Section 152(6) of Companies Act, 2013.

Special Business:

3. Item No. 3 (Ordinary Resolution): Ratification of remuneration payable to K. G. Goyal & Associates, Cost Accountants, the Cost Auditor of the Company.

4. Item No. 4 (Special Resolution): Re-appointment of Mr. Sudhir Agarwal (DIN: 00051407) as Managing Director for a term of 5 years with effect from January 1, 2027 to December 31, 2031 and remuneration payable to him.

Voting Process and Methods

The Company extended the facility for shareholders to exercise their right to vote by electronic means through:

  • Remote e-voting: Period began on Saturday, August 29, 2026 at 9:00 a.m. (IST) and ended on Tuesday, September 1, 2026 at 5:00 p.m. (IST)
  • E-voting during meeting: Facility was available for members present in the meeting who did not cast votes by remote e-voting and otherwise not barred from doing so
  • Members who had already voted through remote e-voting were not entitled to vote again
  • Mr. Hitesh Buch, Company Secretary, Proprietor of Hitesh Buch & Associates, Practicing Company Secretaries, was appointed as Scrutinizer
  • Voting was allowed till 15 minutes after conclusion of the Meeting

Key Voting Outcomes

The voting results and Consolidated Scrutinizer's Report were not included in this document and were stated to be submitted separately pursuant to Regulation 44(3) of SEBI Listing Regulations.

Attendance and Participation

Directors Present:

  • Mr. Pawan Agarwal (Deputy Managing Director and Chairman of AGM)
  • Ms. Paulomi Dhawan (Independent Director)
  • Mr. Santosh Desai (Independent Director)
  • Mr. Girish Agarwal (Non-Executive Director)
  • Mr. Runit Shah (Independent Director)

Key Managerial Personnel Present:

  • Mr. Lalit Jain (Chief Financial Officer)
  • Mr. Om Prakash Pandey (Company Secretary & Compliance Officer)

Other Attendees:

  • Mr. Priyanshu Gundana and Mr. Bhavesh Ratanghayra (Price Waterhouse Chartered Accountants LLP, Joint Statutory Auditors)
  • Ms. Shilpa Gupta (Gupta Mittal & Co., Chartered Accountants, Joint Statutory Auditors)
  • Mr. Vaibhav Dandawate (Makarand M. Joshi & Co., Company Secretaries, Secretarial Auditors)
  • Mr. Hitesh Buch (Scrutinizer)
  • 78 Members present through VC/OAVM

Absent: Mr. Sudhir Agarwal (Managing Director) due to unavoidable prior commitment

Scrutinizer's Role

Mr. Hitesh Buch was appointed by the Board of Directors as Scrutinizer to scrutinize both the remote e-voting and e-voting during the meeting. His findings and conclusions were to be provided in a separate report.

Compliance Confirmation

The Company confirmed compliance with all applicable provisions of:

  • Companies Act, 2013 and rules made thereunder
  • Secretarial Standard on General Meetings issued under Section 118(10) of the Act
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Applicable circulars of Ministry of Corporate Affairs

All statutory documents including Register of Directors, Financial Statements, Auditors' Reports, and Memorandum and Articles of Association were available for inspection in electronic mode during the Meeting.

Additional Proceedings

The Chairman delivered a speech briefing members on business and financial performance during FY 2025-26, awards and accolades received, and future prospects across business segments. A Q&A session was conducted where speaker members asked questions, which were addressed by Mr. Pawan Agarwal, Mr. Lalit Jain, and Mr. Om Prakash Pandey.

Document Reference

SEBI Reference: Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026