Meeting Details

  • Date: Tuesday, 29th September, 2026
  • Time: 4:00 p.m. IST
  • Location: Conducted through Video Conferencing (VC)
  • Type: 45th Annual General Meeting

Meeting Proceedings and Attendance

Mr. Thomas Fernandes, Independent Director and Chairman of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee, was unanimously elected to chair the meeting. Mr. Harendra D. Shah, Chairman of the Board, and all directors were present through Video Conferencing. Representatives of Statutory Auditors and Secretarial Auditors were also present through VC. The requisite quorum was present throughout the meeting.

Resolutions Considered

The following seven resolutions were transacted at the meeting:

Ordinary Business

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for the year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon

2. Ordinary Resolution: To receive, consider and adopt the Audited Consolidated Financial Statements for the year ended 31st March, 2026 together with the Reports of Auditors thereon

3. Ordinary resolution: To appoint a Director in place of Mr. Pankaj D. Shah (DIN 00005023), who retires by rotation and, being eligible, offers himself for re-appointment

Special Business

4. Ordinary Resolution: To approve increment in payment of remuneration to Mr. Vaibhav Pankaj Shah holding office or place of profit, as Chief financial officer (CFO) and relative of Mr. Pankaj D. Shah (Promoter-Managing Director)

5. Ordinary Resolution: To approve increment in payment of remuneration to Mrs. Rajul Shailesh Shah holding office or place of profit and relative of Mr. Shailesh D. Shah (Promoter-Non Executive Director)

6. Ordinary Resolution: To approve Material Related Party Transactions of the Company

7. Ordinary Resolution: To approve Material Related Party Transactions of the Subsidiary Company

Voting Process and Methods

The resolutions were put to vote through remote e-voting via the NSDL platform. Members present at the AGM who had not cast their votes electronically were allowed to cast votes through the NSDL platform. The e-voting facility remained open for a further period of 15 minutes after the conclusion of the Meeting.

Scrutinizer Appointment

The Board of Directors appointed Mr. Dinesh Kumar Deora, Practicing Company Secretary, as Scrutinizer to scrutinize the e-voting at the AGM and remote e-voting process in a fair and transparent manner.

Shareholder Participation

Five members had registered as Speaker Shareholders, but none participated in the meeting or addressed the members. No questions or clarifications were raised by members during the meeting.

Financial and Operational Updates

Mr. Pankaj D. Shah, Managing Director, presented an overview of the business operations and performance for financial year 2025-26. The Statutory Auditors expressed an unmodified opinion on the standalone and consolidated financial statements for the year ended 31 March 2026. There were no qualifications, reservations, adverse remarks or disclaimers in the Secretarial Audit Report for FY 2025-26.

Compliance and Documentation

The statutory registers and other documents referred to in the Notice of the AGM were available for inspection electronically. As the AGM was conducted through VC/OAVM, the facility for appointment of proxies was not applicable.

Meeting Conclusion

The meeting concluded at 4:20 p.m. (duration: 20 minutes). The Chairman authorized the Company Secretary to declare the result of the e-voting process and place the results along with the scrutinizer report on the company website and stock exchange websites within prescribed timelines.