Meeting Details

  • Date of AGM: 29th September, 2026
  • Meeting Type: 45th Annual General Meeting
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Time: 4:00 p.m. (IST)
  • Record Date: 22nd September, 2026
  • Total Shareholders on Record Date: 56,539

Attendance Details

  • Promoters and Promoter Group attending via VC: 16 members
  • Public shareholders attending via VC: 30 members
  • Physical attendance: Not applicable (no shareholders present in person or through proxy)

Proposed Resolutions and Voting Outcomes

Resolution 1: Adoption of Audited Standalone Financial Statements

  • Resolution Type: Ordinary
  • Description: To receive, consider and adopt the Audited Standalone Financial Statements for year ended 31st March, 2026 with Reports of Board of Directors and Auditors
  • Total Votes Cast: 132,791,993 (75.45% of outstanding shares)
  • Votes in Favor: 132,790,406 (99.9988%)
  • Votes Against: 1,587 (0.0012%)
  • Result: Passed with requisite majority

Resolution 2: Adoption of Audited Consolidated Financial Statements

  • Resolution Type: Ordinary
  • Description: To receive, consider and adopt the Audited Consolidated Financial Statements for year ended 31st March, 2026 with Reports of Auditors
  • Total Votes Cast: 132,791,993 (75.45% of outstanding shares)
  • Votes in Favor: 132,790,406 (99.9988%)
  • Votes Against: 1,587 (0.0012%)
  • Result: Passed with requisite majority

Resolution 3: Re-appointment of Director

  • Resolution Type: Ordinary
  • Description: To appoint Mr. Pankaj D. Shah (DIN 00005023) who retires by rotation and offers himself for re-appointment
  • Promoter Interest: No
  • Total Votes Cast: 132,791,993 (75.45% of outstanding shares)
  • Votes in Favor: 132,757,257 (99.9738%)
  • Votes Against: 34,736 (0.0262%)
  • Result: Passed with requisite majority

Resolution 4: Remuneration Increase for CFO

  • Resolution Type: Ordinary
  • Description: To approve increment in payment of remuneration to Mr. Vaibhav Pankaj Shah (CFO and relative of Promoter-Managing Director)
  • Promoter Interest: Yes
  • Total Votes Cast: 1,688,134 (0.9592% of outstanding shares)
  • Votes in Favor: 1,653,619 (97.9554%)
  • Votes Against: 34,515 (2.0446%)
  • Result: Passed with requisite majority

Resolution 5: Remuneration Increase for Relative of Director

  • Resolution Type: Ordinary
  • Description: To approve increment in payment of remuneration to Mrs. Rajul Shailesh Shah (relative of Promoter-Non Executive Director)
  • Promoter Interest: Yes
  • Total Votes Cast: 1,688,134 (0.9592% of outstanding shares)
  • Votes in Favor: 1,653,619 (97.9554%)
  • Votes Against: 34,515 (2.0446%)
  • Result: Passed with requisite majority

Resolution 6: Material Related Party Transactions (Company)

  • Resolution Type: Ordinary
  • Description: To approve Material Related Party Transactions of the Company
  • Promoter Interest: Yes
  • Total Votes Cast: 1,688,134 (0.9592% of outstanding shares)
  • Votes in Favor: 1,685,886 (99.8668%)
  • Votes Against: 2,248 (0.1332%)
  • Result: Passed with requisite majority

Resolution 7: Material Related Party Transactions (Subsidiary)

  • Resolution Type: Ordinary
  • Description: To approve Material Related Party Transactions of the Subsidiary Company
  • Promoter Interest: Not specified
  • Total Votes Cast: 1,688,134 (0.9592% of outstanding shares)
  • Votes in Favor: 1,686,507 (99.9036%)
  • Votes Against: 1,627 (0.0964%)
  • Result: Passed with requisite majority

Voting Process and Methods

  • Remote E-voting Period: September 26, 2026 (9:00 a.m. IST) to September 28, 2026 (5:00 p.m. IST)
  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Voting Methods: Remote e-voting prior to meeting and electronic voting during AGM
  • Votes Unblocked: September 29, 2026 at approximately 4:42 p.m. in presence of two independent witnesses

Scrutinizer's Role and Findings

  • Scrutinizer: C.S. C.A. Dinesh Kumar Deora, Practicing Company Secretary
  • Appointment: By Board of Directors pursuant to Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014
  • Responsibilities: Ensure fair and transparent voting process, render consolidated report to Chairman
  • Findings: All resolutions passed with requisite majority, voting process conducted in compliance with applicable regulations
  • Records Custody: Voting records maintained by scrutinizer until Chairman approves and signs minutes

Compliance with Regulations

The AGM was conducted in compliance with:

  • MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024 and 03/2025
  • SEBI Circulars: No. SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2022/62, SEBI/HO/CFD/PoD-2/P/CIR/2023/4, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133
  • Companies Act, 2013 and relevant rules
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Corporate Identity Number: L67100GJ1983PLC126089
  • Corporate Office: 301-308, Bhagwati House, Plot A/19, Veera Desai, Andheri (West), Mumbai - 400 058
  • Total Outstanding Shares: 176,000,000
  • No Invalid Votes: Across all shareholder categories (Promoter, Public Institutions, Public Non-Institutions)