Meeting Details

The 32nd Annual General Meeting will be held on Monday, September 28, 2026, at 11:00 AM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue is the registered office of the Company at A 1115 Titanium Business Park, Near Makarba Underpass, Jivraj Park, Ahmedabad, Gujarat, India, 380051.

Ordinary Business

Resolution No. 1: Adoption of Financial Statements

  • To consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2026
  • To adopt the reports of the Board of Directors and Auditors thereon

Resolution No. 2: Re-appointment of Director

  • Mr. Jatinbhai Ramanbhai Patel (DIN: 06973337) retires by rotation and offers himself for re-appointment
  • He currently holds 25,000 equity shares (5% of share capital)
  • Age: 36 years, Date of Birth: December 4, 1989
  • Date of Appointment: December 3, 2025
  • Qualifications: Bachelor's Degree in Engineering
  • Attended 4 Board meetings during the year
  • Other directorships: Aurique Limited, AUDROC Limited, Satyarath Foods Private Limited, Kostub Foods Private Limited, Mementos Foods Limited

Special Business

Resolution No. 3: Appointment of Secretarial Auditors

  • Appointment of M/s. Dharti Patel & Associates, Practicing Company Secretaries (ICSI Membership Number F-12801, Certificate of Practice Number: 19303)
  • Term: 5 financial years from 2025-26 to 2029-30
  • Remuneration not to exceed ₹1 lakh plus out-of-pocket expenses
  • Authorization to engage for additional certificates/reports as required

Resolution No. 4: Appointment of Independent Director

  • Appointment of Ms. Shubhangi Janifer (DIN: 09125625) as Non-Executive Independent Director
  • Term: 5 consecutive years from December 3, 2025 to December 2, 2030
  • Qualifications: Company Secretary, B.Com, Master's in Commerce
  • Experience: 6 years in corporate laws, SEBI regulations, and governance frameworks
  • Other directorships: Shree Bharka (India) Limited, Bhilwara Spinners Limited, Ranjan Polyster Limited, Atvo Agrochem Limited
  • Committee memberships in multiple companies
  • No shareholding in the Company

Resolution No. 5: Appointment of Independent Director

  • Appointment of Ms. Poorva Jain (DIN: 11386684) as Non-Executive Independent Director
  • Term: 5 consecutive years from December 3, 2025 to December 2, 2030
  • Qualifications: Company Secretary, B.Com, pursuing MBA in Finance
  • Experience: Corporate secretarial practice and regulatory compliance
  • No other directorships in public companies
  • No shareholding in the Company

Resolution No. 6: Appointment of Independent Director

  • Appointment of Mrs. Chitra Naraniwal (DIN: 09077116) as Non-Executive Independent Director
  • Term: 5 consecutive years from December 3, 2025 to December 2, 2030
  • Qualifications: Company Secretary, B.Com, LL.B
  • Experience: Corporate legal and secretarial services
  • Other directorships: Sanwariyaji Texfab Industries Limited, Elfin Agro India Limited, Bhilwara Spinners Limited, Atvo Enterprises Limited, Gridfree Solar Energy Limited
  • Committee memberships in multiple companies
  • No shareholding in the Company

Resolution No. 7: Change in Object Clause of MOA

  • Approval to alter Clause III (A) and III (B) of the Memorandum of Association
  • Expansion of business objects to include manufacturing, processing, and dealing in various food products, spices, agricultural produces, commodities, and related businesses
  • Addition of 35 specific object clauses covering diverse business activities

Resolution No. 8: Adoption of New MOA

  • Adoption of new set of Memorandum of Association aligned with Companies Act 2013 format
  • Complete substitution of existing MOA
  • Requires approval of Registrar of Companies

Resolution No. 9: Adoption of New AOA

  • Adoption of new set of Articles of Association compliant with Companies Act 2013
  • Complete replacement of existing AOA
  • Updated provisions for share capital, management, governance, and shareholder rights

Resolution No. 10: Enhancement of Borrowing Limits

  • Enhancement of borrowing limits under Section 180(1)(c) of Companies Act 2013
  • New limit: ₹5,000 crore (Rupees Five Thousand Crores only)
  • Authorization to borrow from banks, financial institutions, bodies corporate or other lenders
  • Includes secured and unsecured borrowing, issue of debentures or other instruments

Resolution No. 11: Enhancement of Limits under Section 186

  • Enhancement of limits for loans, guarantees, security, and investments under Section 186
  • New limit: ₹5,000 crore (Rupees Five Thousand Crores only)
  • Authorization for investments in shares, securities or instruments of any body corporate

Resolution No. 12: Unsecured Loan from Director

  • Borrowing of unsecured loan up to ₹100 crore (Rupees Hundred Crores only) from Mr. Jatinbhai Ramanbhai Patel, Managing Director
  • Loan carries option to convert outstanding principal and/or interest into equity shares
  • Conversion price to be determined in accordance with applicable laws
  • Conversion subject to approval of Board and members by special resolution
  • Related party transaction under Section 188 of Companies Act 2013

Financial and Capital Structure Information

As on March 31, 2026:

  • Paid-up Share Capital: ₹50.00 lakhs
  • Free Reserves: ₹0.00
  • Securities Premium: ₹0.00
  • Total: ₹50.00 lakhs
  • Prescribed borrowing limit under Section 180(1)(c): ₹30.00 lakhs (60% of capital + reserves + premium)

Voting and Meeting Procedures

Remote e-Voting Period:

  • Begins: Friday, September 25, 2026 at 09:00 AM
  • Ends: Sunday, September 27, 2026 at 05:00 PM

Register of Members Closure:

  • From Tuesday, September 22, 2026 to Monday, September 28, 2026 (both days inclusive)

Scrutinizer Appointment:

  • Mr. Kamleshbhai Mahendrabhai Shah, Practicing Company Secretaries appointed as Scrutinizer

Voting Methods:

  • Remote e-voting through depository participants (CDSL/NSDL) or directly through service providers
  • e-voting during AGM for those who haven't voted remotely

Additional Information

  • Notice and Annual Report sent electronically to members with registered email addresses
  • Hard copies available on request
  • Documents available for inspection at registered office during business hours
  • All resolutions require ordinary or special resolution approval as specified
  • Except Mr. Jatinbhai Ramanbhai Patel, no other Directors/KMP are interested in the resolutions