Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: Commenced at 03:17 PM IST, concluded at 03:38 PM IST
  • Venue: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: Annual General Meeting

Attendees

Directors and KMP Present:

  • Mr. Nikul Jagdishchandra Patel (Chairman and Managing Director, DIN: 01339858)
  • Mr. Ketan Jagdishchandra Patel (Non-Executive Director & Chief Financial Officer)
  • Mrs. Foram Nikul Patel (Non-Executive Director, DIN: 02017816)
  • Mr. Atulkumar Chandrakantbhai Patel (Non-Executive Independent Director)
  • Mr. Suchit Amin (Non-Executive Independent Director, DIN: 05334794)
  • Mr. Mehul Rasikbhai Patel (Non-Executive Independent Director)

In Attendance:

  • Mrs. Sangeeta Amit Khyani (Company Secretary and Compliance Officer)

By Invitation:

  • Mr. Abhilash Pandit (Partner of M/s. J.T. Shah & Associates, Statutory Auditor)
  • Mr. Nisarg Sharma (Proprietor of M/s. Nisarg Sharma & Associates, Practicing Company Secretary, Secretarial Auditor and Scrutinizer)

Shareholder Participation

  • Total shareholders as of cut-off date (September 18, 2026): 27,622
  • Members attending through VC/OAVM: 35

Financial Performance Update

The Chairman reported:

  • Revenue for FY 2025-26: ₹2,947.28 lakhs (₹29.47 crore)
  • Net loss for FY 2025-26: ₹139.47 lakhs (₹1.39 crore)
  • Emphasis on efficiency, innovation, expansion and profitability strategies

Proposed Resolutions

1. Ordinary Resolution: To receive, consider and adopt Audited Standalone Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. Ordinary Resolution: To appoint Mrs. Foram Nikul Patel (DIN: 02017816) who retires by rotation and offers herself for re-appointment

3. Special Resolution: To approve re-appointment of Mr. Suchit Kandarp Amin (DIN: 05334794) as Independent Director for second term of 5 consecutive years

4. Ordinary Resolution: To appoint M/s. Nisarg Sharma & Associates, Practicing Company Secretaries, as Secretarial Auditor for term of 5 consecutive years

Voting Process

  • Remote e-voting facility provided prior to AGM through CDSL e-voting platform
  • E-voting continued during the AGM
  • Mr. Nisarg Sharma, Practicing Company Secretary (Membership No.: FCS 14061; CP No: 17088) appointed as Scrutinizer
  • Consolidated result of remote e-voting and e-voting during AGM to be announced within 2 working days from conclusion of AGM
  • Results will be intimated to National Stock Exchange (NSE) and CDSL

Compliance Statement

The Company complied with all applicable provisions, mechanisms and procedures as provided in MCA Circulars and SEBI Circulars, along with other applicable provisions of the Companies Act, 2013 and rules framed therein and applicable provisions of secretarial standards in respect of calling, convening and conducting the AGM.