Detailed Summary

Meeting Details

The 41st Annual General Meeting will be held on Wednesday, September 30, 2026, at 1:00 P.M. through Video Conferencing or Other Audio Visual Means (OAVM). The Registered Office at A–204, 2nd Floor, Kailash Esplanade, Opposite Shreyas Cinema, L.B.S. Marg, Ghatkopar (West), Mumbai–400086 shall be deemed as the venue for the Meeting.

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements containing the Balance Sheet as at March 31, 2026, the Statement of Profit & Loss, Cash Flow and Change in Equity and notes thereto for the Financial Year ended March 31, 2026, along with reports of the Board and Auditors.

  • Resolution a: Ordinary Resolution for adoption of standalone financial statements
  • Resolution b: Ordinary Resolution for adoption of consolidated financial statements

2. Appointment of Director: To appoint Mr. Harsh Vora (DIN: 00149287), who retires by rotation, as a director in terms of Section 152(6) of the Companies Act, 2013. He is eligible and offers himself for re-appointment.

  • Ordinary Resolution for his appointment as Director not liable to retire by rotation as determined by the Board

Special Business

3. Ratification of Cost Auditor Remuneration: To ratify remuneration payable to the Cost Auditors for FY 2026-27

  • Ordinary Resolution to ratify payment of remuneration of ₹1,25,000/- (₹ One Lakh Twenty-Five Thousand Only) plus applicable taxes and reimbursement of out-of-pocket expenses at actual to M/s Shivangi Bhavin Shah & Co., Cost Accountant, Ahmedabad (Registration No. 000707)
  • Cost Auditor was appointed by the Board on recommendation of the Audit Committee to conduct audit of cost records for FY ending March 31, 2027

4. Re-appointment of Whole-time Director: To re-appoint Mr. Saurabh Vora (DIN: 02750484) as Whole-time Director for a further period of 3 years effective October 1, 2026 to September 30, 2029

  • Special Resolution required pursuant to Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015
  • Maximum remuneration: Gross Salary & Perquisites up to ₹20,00,000 per month (₹240 lakhs annually)
  • Includes house rent allowance, medical reimbursement, club fees, LTC, and other benefits
  • In event of no profit or inadequacy of profits, this remuneration shall be considered minimum remuneration
  • Current holding: 16,88,600 equity shares (16.50% of paid-up capital)

5. Re-appointment of Chairman & Managing Director: To re-appoint Mr. Harsh Vora (DIN: 00149287) as Chairman and Managing Director for a further period of 3 years effective October 1, 2026 to September 30, 2029

  • Special Resolution required pursuant to Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015
  • Maximum remuneration: Gross Salary & Perquisites up to ₹20,00,000 per month (₹240 lakhs annually)
  • Includes house rent allowance, medical reimbursement, club fees, LTC, and other benefits
  • In event of no profit or inadequacy of profits, this remuneration shall be considered minimum remuneration
  • Current holding: 10,99,745 equity shares (10.74% of paid-up capital)

Voting Arrangements

  • Cut-off date for voting entitlement: September 23, 2026
  • Remote e-voting period: September 27, 2026 (9:00 AM IST) to September 29, 2026 (5:00 PM IST)
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Members can vote through their demat accounts with CDSL/NSDL or through physical folio numbers
  • Members attending AGM through VC/OAVM can vote during the meeting if they haven't voted remotely

Financial Performance Disclosure (as per Schedule V)

  • Revenue from Operations: ₹25,269.29 lakhs for FY ended March 31, 2026
  • Profit before Tax: ₹1,126.02 lakhs for FY ended March 31, 2026
  • No foreign investments or collaborations except NRI/FPI holding of 1.59% as on March 31, 2026

Additional Information

  • Explanatory Statement pursuant to Section 102 of Companies Act, 2013 provided for special business items
  • Draft agreements for director appointments available for inspection at registered office
  • All documents referred to in notice available for electronic inspection without fee
  • Company engaged in manufacturing welding electrodes since incorporation

#D&HIndia #AGM #SEBIDisclosure #RegulatoryCompliance #ManagementAppointment